PNC Economic Outlook

Nancy McFarlane
www.raleighnc.gov

North Carolina mayors from the mountains to the coast gathered in Raleigh yesterday to talk business and job creation in this tough economy.

The man of the hour actually wasn’t a mayor at all.  It was O’Hara Macken, an executive vice president and managing director of IPREO.

“Access to talent, culture, livability are all really important to us.  Raleigh offered all of that," said Macken.

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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.