Business Outlook

The shooting of Michael Brown set off a series of protest nationwide and had Americans questioning the role of police in their communities.
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  From the streets of Ferguson to the halls of Congress, 2014 saw many pivotal moments in the country's narrative. 

A Marcellus Shale drill rig in Pennsylvania used in the fracking process.
Ken Skipper, USGS

Members of the North Carolina General Assembly sent Gov. Pat McCrory a bill on Thursday night that would allow the state to issue permits for hydraulic fracturing as early as May 2015, effectively lifting the state’s de-facto moratorium on the controversial shale gas drilling method.

McCrory is a long-time supporter of hydraulic fracturing and is likely to sign the bill into law.

Photo: The North Carolina General Assembly's Legislative Building
Jorge Valencia

The biggest piece of legislation expected when North Carolina law makers return from the Memorial Day weekend is the Senate’s budget proposal for the fiscal year, which starts July 1. The office of Rules Committee Chairman Sen. Tom Apodaca (R-Hendersonville) said on Friday that a budget could be made public this week, and the office of Senate President Pro-Tem Phil Berger Jr. (R-Eden) similarly said a budget will be released “in the coming days.”

PNC Logo
PNC Bank

A PNC survey shows small to mid-sized business owners across the state are less optimistic about doing business than they were six months ago.  The PNC Economic Outlook survey shows 8 percent of business owners intend to add full-time employees.  Nationwide, it’s 16 pecent.

PNC Economist Mekael Teshome says  North Carolina business owners continue to report weak sales and are being extremely cautious.