Articles in regional publications that pertain to a wide range of North Carolina-related topics.
for Business North Carolina Vol. 35 Issue 1, January 2015
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Over the past decade, Fayetteville and Cumberland County's economy has benefited from rapid growth at Fort Bragg, but city and county leaders hope to diversify the economy beyond military employment. There is a projected reduction in federal defense budget and cuts for bases in general, so county leaders are promoting Fayetteville and Cumberland County towns as ideal for industries to employ veterans, military spouses, and others in the community.
Moore County is diversifying its economy beyond the county's famous golf courses and the company, R. Riveter, represents this change. R. Riveter employs military wives to stitch bags and other accessories using recycled Army materials, a job these women can do from home. The county hopes to expand the economy to rebuild their tax base and attract more young families and entrepreneurs.
Brian Moynihan, Bank of America's President and CEO, was named Business North Carolina's Mover and Shaker of the year for 2015. His work to pull Bank of America out of the financial downturn following the housing crisis contributed to this decision, but there are concerns that the bank's headquarters will move from Charlotte to New York City.
To increase enrollment, William Peace University and Belmont Abbey College cut their tuition prices in 2012 and 2013, respectively. This article discusses the means by which these institutions reduced tuition costs and the problems other North Carolina private colleges face with sharp enrollment declines and financial issues.