New Report Details Significant Housing Supply Gap in North Carolina
A new statewide report released on February 5, 2025 shows that North Carolina faces a significant housing inventory gap across all income levels and geographic areas in the state. The gap is expected to increase with projected job and population growth, and if addressed, could generate $489 billion in economic activity and nearly 2.2 million jobs. The research, commissioned by the NC Chamber Foundation, North Carolina Home Builders Association, and NC REALTORS®, quantifies the extent to which current
Smithfield, NC Businesses: News Regarding the CTA, BOI and FinCEN
The Corporate Transparency Act may require certain U.S. companies to disclose beneficial ownership information to FinCEN to combat financial crimes. While a Texas federal district court’s preliminary injunction puts this requirement on hold, many experts expect that to be overturned. In that event, failure to file could lead to fines of $500 per day, up to a maximum of $10,000, and possible criminal penalties. However, filing your Beneficial Ownership Information (BOI) report will help you avoid fines
Johnston County Bridge Will Close for 13 Months
The project will require a closure on N.C. 210 SMITHFIELD – A bridge on N.C. 210 west of Smithfield will be replaced starting this summer. Built during the Great Depression, the bridge spanning Middle Creek is nearing the end of its lifespan. Although the bridge has been maintained for safety, it has become functionally obsolete and structurally deficient, which means it requires extensive maintenance and has an antiquated design. The N.C. Department of Transportation awarded the $3.2 million
JCC Now Offers Degree in 911 Operations
Richmond Community College’s 911 telecommunications program will now be available to students at Johnston Community College after an official agreement was signed by college leaders earlier this week. Dr. Dale McInnis, president of Richmond CC, and Dr. Vern Lindquist, president of JCC, signed off on the partnership on Monday that will allow JCC students to enroll in the online program and complete an associate degree in 911 Communications & Operations. “We believe in the power of collaboration to
Duke Energy Secures Offshore Wind Lease for Carolina Long Bay
Duke Energy Renewables Wind, LLC, a nonregulated subsidiary of Duke Energy (NYSE: DUK), has been named a provisional winner of OCS-A 0546 lease area in the Carolina Long Bay offshore wind auction. The lease was one of two awarded as part of an Atlantic Outer Continental Shelf renewable energy auction held by the Bureau of Ocean Energy Management (BOEM). “Securing this lease creates optionality for future offshore wind if the North Carolina Utilities Commission determines it’s part of the least cost path
