Posts tagged “Economic development”
As many as 200 former GlaxoSmithKline employees who were transferred to life science services firm Parexel earlier this year are reportedly being laid off today. However, the Boston-based company which has a large presence in the Triangle, isn't talking.
N.C. State economist Dr. Michael Walden has warned this year that the state's economy is slowing. His latest analysis reiterates those concerns, although he doesn't use the word "recession" in describing a slowdown. He is blaming economic troubles overseas for the state's challenge. Statewide unemployment did tick up a bit in June, new data shows.
Layoffs have recently hit several large high-tech firms in the Triangle with Qualcomm becoming the latest to announce job cuts on Wednesday. Now a new survey finds optimism among the Triangle's booming startup community is cooling with more firms planning job cuts and less hiring.
North Carolina's Raleigh-Durham region, a.k.a. the Research Triangle, has the nation's second leading life science base among major metro areas, up from No. 4 since last year, according to a new report.
The countdown is nearing zero for the fourth annual Innovate Raleigh Summit. Plus, High-tech accelerator Techstars is bringing its program to help veterans who want to become entrepreneurs - called Patriot Boot Camp - to Chapel Hill. Plus, other tech events.
AT&T plans to launch its GigaPower high speed Internet service in Durham on Monday. AT&T said it would bring high speed service to Durham, Raleigh, Cary, Carrboro, Winston-Salem, and Chapel Hill last year when it was chosen as a provider for the Next Generation Network North Carolina. Durham is the last city on the list to get the service.
In today's Bulldog update of technology news: Square 1 Bank participates in $5M Emma funding; NC counties with the most investments; Apple's Tim Cook new Duke University Trustee; Target installing solar on Triangle store rooftops, Atlanta's Noro-Moseley adds $6M to its fund.
New U.S. Reg A plus funding rules that kicked in mid-June allow middle class mom and pop investors to have skin in a game previously open only to high net worth individuals and could have a major impact on how entrepreneurs grow their companies. "This is going to be huge and we want to get in early," Steve Sadler, CEO of Allegiancy, a Richmond, VA, firm with a Triangle presence says.
Some troubling news about North Carolina's economy made the headlines recently. Numbers for an economic concept called gross domestic product", or GDP, were released for 2014. While North Carolina's GDP increased in 2014, it rose much less than in the nation. The comparison was a 1.4 percent gain for the state versus a 2.2 percent improvement for the nation. Does this mean it's time to worry about the state's economic rebound?
Two years ago, the North Carolina Research and Education Network relaunched as a 2,600-mile fiber-optic network. Essential to that multi-year transformation was a $20 million contribution to the project from the Golden LEAF Foundation. Under a political cloud in recent years, Golden LEAF now appears to be regaining favor, reports Gary Robertson of The Associated Press.