Table of Contents May 2012
After losing jobs and people, a factory town fights to remake itself.
The last decade has not been kind to this city of about 19,000. Though in the heart of the Piedmont, the most prosperous part of the state, Lexington lost population, down 5%, from 2000 to 2010, the last census showed. Compare that with statewide growth of 18.5%.
The state's tax system, mired in the past, no longer works. But bringing it into the 21st century will take a lot of guts.
The solution to North Carolina's tax system sounds simple: Broaden the sales tax, now applied mostly to retail sales, to include services and cut tax rates. Eliminate the state corporate-income tax, perhaps replacing it with a restructured business-franchise tax, and enjoy relief from the constant demand for incentives that reduce corporate income-tax liability.
A Boston university sees green growing from a branch it opened in Charlotte.
Though Mecklenburg County has a larger population than Wake County, it has 14.9% fewer people with graduate and professional degrees — 76,622 compared with 90,030, according to the 2010 census.
Cone Denim has found a growing niche market for the old-school selvage it makes at its factory in Greensboro.
Cone Denim LLC’s White Oak Plant in Greensboro produces selvage — once an everyman fabric but now a luxury good used to make upmarket jeans sold at high-end boutiques and department stores.
How the economy turns.
G.D. Gearino's trickle-down theory about government.
Would a superhighway from Raleigh to Norfolk be a bigger boost to business than building a $4 billion deepwater port in North Carolina?
Eastern Triangle Triad Charlotte Western
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Pitt County Round Table
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