NC Commerce Department

Business & Economy
9:15 pm
Tue January 7, 2014

Veteran CEO Tapped To Lead NC Commerce Privatization Plan

Richard Lindenmuth, new Interim CEO of the Economic Development Partnership of North Carolina
Credit NC Commerce

The state Commerce Department has hired a new leader to re-vamp and privatize economic development across the state.  Richard Lindenmuth is the new Interim CEO of the Economic Development Partnership of North Carolina.

Lindenmuth has served as CEO of more than ten companies, and was president of ITT's Business and Consumer Communications Group in Raleigh.

Commerce Secretary Sharon Decker promised a total re-organization of her department.  So, today, she and Governor Pat McCrory announced their choice for head of the new state partnership.

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Politics & Government
10:43 pm
Wed December 11, 2013

NC Commerce Talks Privatization

NC Commerce Secretary Sharon Decker.
Credit NC Commerce

North Carolina’s Economic Development Board is reviewing strategies and making suggestions on how to help re-vamp the state Commerce Department.

Commerce Secretary Sharon Decker says she’s pretty positive the Economic Development Partnership of North Carolina will be a reality.

“It’s a total re-organization, it is indeed.  Redesign, I guess is a better way to say it," said Decker.

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Military
5:00 am
Mon November 11, 2013

Commerce Says Military Veterans And Economic Opportunity Equals Good Fit

Some 60,000 NC based military personnel are projected to leave the military over next five years.
Credit usmilitary.com

A report by the state Commerce Department highlights the economic impact of the military in North Carolina.

The Commerce Department says the state has a tremendous opportunity to grow the economy by helping military personnel find employment after their service ends. 

More than 60,000 people stationed in North Carolina are projected to leave the military over the next five years.  Commerce spokesman Josh Ellis says many of them will stay here.

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The State of Things
12:14 pm
Wed October 30, 2013

Privatized Commerce Corporation Raises Critics’ Ire

Credit NC Department of Commerce

Big changes are coming to the state commerce department.

A new public/private non-profit will be taking over some of the duties of recruiting new business to the state next year. But critics of the N.C. Partnership for Prosperity say similar efforts in other states have failed. Host Frank Stasio talks to 

   about the controversy.

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Business & Economy
6:41 am
Tue October 22, 2013

State Jobless Numbers Delayed

NC jobless figures delayed because of government shut down.
Credit NC Policy Watch

The state Commerce Department was scheduled to release North Carolina’s September jobless rate today.  But figures are on hold because of the federal government shut down.

Just like every other state across the country, North Carolina’s jobless numbers are crunched by the Bureau of Labor Statistics.  But the 16-day government shutdown has resulted in a delay to the states.  Most of the people responsible for analyzing the data were furloughed.

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Business & Economy
12:29 pm
Mon August 19, 2013

N.C. Unemployment Rate Up Slightly After Months Of Decline

A job fair at Wake Tech earlier this year. The state unemployment rate rose 0.1 percent last month.
Credit Wake Tech Community College

The state unemployment rate is up for the first time since January. 

North Carolina's Commerce Department said this morning July's jobless rate was 8.9 percent, up from 8.8 percent the previous month.  The rate had been dropping or staying level for five straight months until now. 

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Business & Economy
6:02 pm
Mon August 12, 2013

North Carolina's Export Business Continues To Boom

US International Trade Administration says NC exports up 6%.
Credit NC Commerce Department

Leoneda Inge reports on NC's booming exports.

North Carolina’s export business around the world continues to boom.  Numbers from the U.S. International Trade Administration show merchandise exports jumped by 6% compared to this time last year – up to $14.8 billion.

Jean Davis is the Director of International Trade for the state Commerce Department.  She says excluding a dip in 2008 during the recession, exports have been on the rise for the past decade.

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Business & Economy
5:50 pm
Fri July 19, 2013

NC Labor Force Shrinks, Jobless Rate Unchanged

Leoneda Inge reports on NC June Jobless rate.

The state’s unemployment rate remained unchanged for the month of June.  But analysts say there are underlying problems the state should be concerned about.  North Carolina’s unemployment rate was 8.8% in June.  The same as in May.  The national unemployment rate also remained steady at 7.6% in May and June.

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