Table of Contents May 2012

May 2012

Cover story

The battle of Lexington

After losing jobs and people, a factory town fights to remake itself.
By David Bailey

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%.

Features

Time for a change

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.
By Jack Betts
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.

Fertile ground

A Boston university sees green growing from a branch it opened in Charlotte.
By Spencer Campbell

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.

Photo Feature

Gaining an edge

Cone Denim has found a growing niche market for the old-school selvage it makes at its factory in Greensboro.
By Erin Dunn, Photography by Griffon Davis

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.

 

Departments

Up Front
Spring cleaning.

NC Trend
How the economy turns.

Fine Print
G.D. Gearino's trickle-down theory about government.

Capital Goods
Would a superhighway from Raleigh to Norfolk be a bigger boost to business than building a $4 billion deepwater port in North Carolina?

Regional Report
Eastern Triangle Triad Charlotte Western

Special Advertising Sections and Publications

Pitt County Round Table

Law Journal

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