As a destination for both migration and business growth, North Carolina must reassess the capabilities of local entrepreneurial and small-business ecosystems to ensure that its diverse population of aspiring entrepreneurs and small-business owners has equitable access to opportunities.
COVID hit North Carolina hard, with 3.1 million cases so far and over 26,000 deaths. Low-income communities in North Carolina were especially hard hit, with higher rates of COVID infections and deaths, sudden loss of jobs with little buffer, disruption of families and communities. In this paper, we conduct a quantitative assessment of COVID-19’s impact on low-income North Carolinians and specifically on a subset of lower income North Carolina counties that are served by the North Carolina Community Action Association (NCCAA).
Chief Economist Gerald Cohen joined N.C. Commerce Secretary Machelle Baker Sanders and UNC Associate Professor Erin Fraher, deputy director of the Sheps Center for Health Services Research, on Wednesday for an ncIMPACT Virtual Town Hall with host Anita Brown-Graham. The panelists discussed which sectors have been hit by worker shortages particularly hard and where the talent to fill those positions will come from.
CEOs of the Triangle saw significant raises last year, according to a recent Axios analysis. Kenan Institute Chief Economist Gerald Cohen weighs in on these surging salaries and the gap between managers and company leaders, calling it the “superstar effect.”
Chief Economist Gerald Cohen will be a panelist for an ncIMPACT Virtual Town Hall on workforce shortages in the state that will be livestreamed at 11 a.m. Wednesday, May 4 on Facebook Live.
“Every business I enter is looking for employees” was a common refrain in our Carolina Across 100 survey, with 79% of the total survey sample selecting employment/staffing concerns among their top three negative impacts of COVID-19 on their organization. Is the staffing shortage just a function of COVID-19 that will correct itself as COVID abates or are there larger demographic and economic forces at work? The answer is a bit of both.
CREATE, an economic development center at the institute, worked with civic and business leaders in Rocky Mount last summer to plan a Black Business Matters District downtown in an effort to address the racial wealth gap in the area. Executive Director Mark Little will join CREATE’s Rocky Mount partners on a panel at 9 a.m. on Thursday, March 24 to share their work as part of Carolina’s Engagement Week.
Total funding in North Carolina hit a record $3.4 billion in 2020 with the potential to hit $4 billion in 2021, along with a 10% increase in the number of companies funded, but it’s often a challenge to get cash cycled into new companies and new investments.
On Wednesday, Feb. 9, North Carolina Secretary of Commerce Machelle Baker Sanders joined UNC Kenan-Flagler Business School Dean Doug Shackelford for a virtual discussion. Sanders discussed the many challenges facing rural North Carolina and the solutions that are being proposed to make the state's businesses and citizens thrive post-pandemic.
Please join us for an exclusive virtual conversation with North Carolina Commerce Secretary Machelle Baker Sanders on Wednesday, February 9. This discussion is part of the Dean’s Speaker Series, hosted by Kenan-Flagler Business School Dean Doug Shackelford.
Apple’s plans to build a new campus and engineering hub in the Research Triangle Park is estimated to bring about 3,000 new jobs to the region and boost the state’s economy by almost $79.8 billion over 39 years. Kenan institute Chief Economist Gerald Cohen answers questions from The Well just how far the company’s impact will reach in the local and state economies.
Building Infrastructure Transforms Economies
Recent infrastructure legislation offers an opportunity to focus on how new projects can increase wealth in communities with the greatest needs and minimize harm to the environment, all while supporting the broader economy.