Governor Announces New Economic Development Approach

Governor Announces New Economic Development Approach

Governor McCrory Launches “Partnership for Prosperity”: A New Economic Development Approach

Governor Pat McCrory announced plans yesterday (April 8) to pursue a “Partnership for Prosperity,” an effort to change the way we foster economic growth in North Carolina.

New legislation will create a separate nonprofit corporation to center economic development functions for the state. A board of directors, chaired by the governor, will oversee the Partnership and have governance of all recruitment and retention activities. The functions include small business development, entrepreneurship, international investment and import/export, along with travel & tourism.

“We are going to unleash North Carolina’s economic potential with a bold new approach to recruit and retain business,” said Governor McCrory. “The Partnership will allow us to grow more jobs, and better-paying jobs for North Carolina.”

The new partnership will leverage existing state funds to get the private sector more involved in economic development. In the long run, fewer state dollars will be needed to run the programs currently operated by the N.C. Department of Commerce and several non-profit organizations receiving state funding.

“We have to be able to move faster, primarily in terms of job recruiting,” said N.C. Commerce Secretary Sharon Decker. “Our economic development efforts must also recognize that one size does not fit all, and the economies of all communities are important to us.”

Beverage-Air move to bring HQ, 40 jobs to Winston-Salem – The Business Journal of the Greater Triad Area

An Italian food service equipment conglomerate will further consolidate its U.S. operations in the Triad when it moves the headquarters of its Beverage-Air commercial refrigeration company and about 40 jobs to Winston-Salem.

CEO Filippo Berti said his firm’s new 21,600-square-foot building near Smith Reynolds Airport should be ready in May. Frank L. Blum Construction is handling the building project, which has a permit value of $980,000.

Beverage-Air, currently based in Spartanburg, S.C., is owned by The Ali Group, an Italian firm controlled by Berti’s family. It has more than 7,000 employees in 24 countries. The new Beverage-Air building will be located on Patterson Street next to the existing headquarters of Champion Industries, another Ali company that makes commercial dishwashing equipment.

Read more about it on the The Business Journal of the Greater Triad Area website here.

The Arts Council of Winston-Salem and Forsyth County launches

The Arts Council of Winston-Salem and Forsyth County announces the debut of
a first-of-its-kind social events network,, that provides
a holistic, immersive online experience around events and activities within
the city and county. You could win $1,000 if you register before March 30,
2010. And…you can keep track of and invite your friends to all the movies
you want to see in the My Planner section.

So go register, check out the site and come explore our City of Arts & Innovation:

North Carolina Named Nation’s “Top Business Climate” for 5th Consecutive Year

North Carolina Named Nation’s “Top Business Climate” for 5th Consecutive Year

Gov. Bev Perdue announced on Tuesday that North Carolina remains the state with the “Top Business Climate,” according to Site Selection magazine. It is the fifth year in a row and the eighth time in nine years that the state has taken the top honor in the annual ranking by Site Selection, one of the nation’s premier magazines for economic development.

“Business leaders know we are listening to them and working aggressively to meet their needs,” Perdue said. “Companies know that in North Carolina they will find top-quality talent, world-class infrastructure, a pro-business environment, and premier education institutions. North Carolina is simply a great place to do business.”

Site Selection Editor-in-Chief Mark Arend agreed that North Carolina’s winning streak “demonstrates that businesses are finding in the state what they need to succeed.” He added, “The synergy between North Carolina’s research parks, corporations, communities, and economic developers at the state and local levels is a major factor in this year’s top ranking.”

Site Selection magazine’s annual “Top Business Climate” rankings are based on quantitative and qualitative factors that corporate site-seekers – those who help companies expand or relocate – say they consider most important.

The article about North Carolina’s No. 1 ranking can be found at

Perdue Announces Investments in Green Economy

Perdue Announces Investments in Green Economy

Gov. Bev Perdue on Wednesday announced that 18 small North Carolina companies will receive grants up to $100,000 to develop and market promising green and alternative energy technologies and products. It is the third round of grants distributed by the state Department of Commerce’s Green Business Fund and puts more than $1 million in federal Recovery Act dollars to work in North Carolina.

“North Carolina continues to position itself as a leader in the emerging green economy with these kinds of smart investments in promising technologies and products,” said Gov. Perdue. “These creative entrepreneurs and businesses are turning green into gold by growing new companies and creating jobs.”

It is estimated that more than 200 private sector jobs will be created as a result of the grants, spread across 18 cities and spanning 18 counties in North Carolina. The federal Recovery dollars come through the N.C. Energy Office’s State Energy Program.

About half the projects fell under the “environmentally conscious clean technology and renewable energy” category while the remainder fell under the green building and biofuels categories. The awards ranged in amounts from – $31,985 to $100,000.

For a complete list of grantees, click here.