manufacturing

Business
10:12 pm
Sun January 5, 2014

Chinese Textile Manufacturer Finds A Good Deal In South Carolina

Last month, a Chinese textile company announced it would invest $218 million to bring more than 500 jobs to Lancaster County, South Carolina in the next five years.

The Keer Group is building its first facility outside China in Indian Land. But in exchange for bringing jobs to South Carolina, the company will pay less than half of the property tax rate and receive a 7.7 million dollar bond to help pay for construction.  


Read more
Local News
4:19 pm
Wed October 2, 2013

Low-Wage Jobs Lead Charlotte, Hickory Recovery

The unemployment rate in the Charlotte and Hickory metro areas declined about one percent in August. That's according to state Commerce Department data released Wednesday.

In Charlotte, the rate is down to 8.3 percent, while in Hickory, the rate fell to 9.1 percent. But the job growth over the past year has been concentrated in one of the lowest-paying industries. Allan Freyer is an analyst for the N.C. Budget and Tax Center, a research organization.

Read more
Local News
5:26 pm
Fri July 26, 2013

Hard For Children To Ascend The Income Ladder In Charlotte

The southeast had the lowest rate of low-income children achieving wealth, in the study.
Credit Equality of Opportunity Project

Charlotte’s economic ascension over the past generation has not translated into an easier climb to wealth for poor residents. A new study looks at how children of low-income parents fare as adults and finds Charlotte near the bottom of America’s largest cities.

The entire swathe of the southeastern United States is painted deepest red on the study’s map, from Louisiana to Virginia.

Read more
Local News
8:51 pm
Fri July 5, 2013

Gaston Secures Federal Grant For High Tech Job Center

Gaston College received a $1.5 million federal grant to build an advanced manufacturing center to train students and locals.
Credit Gaston College

Like the rest of the state, Gaston County is facing a shortage of people with the skills required to work in 

today's high tech factories. Gaston College hopes to address the issue with a training center for students and local residents. This week, the college received a one-and-a half million dollar grant from the U.S. Department of Commerce.


Read more
Business
5:19 pm
Thu January 31, 2013

Freightliner Cuts 1,200 Charlotte-Area Jobs

Three Charlotte-area plants make parts and assemble Freightliner trucks.
Credit KDavidClark/Flickr

The numbers are in on Daimler Chrysler’s plan to lay off workers at its three Charlotte area Freightliner plants. The tally is 1,200 jobs.

To comply with federal law, Daimler notified state and local governments this week that the company plans to lay off workers as soon as April. The state posted the numbers of expected layoffs today: 80 workers from a parts plant in Gastonia, 405 from an assembly plant in Mount Holly, and 715 from the assembly plant in Cleveland. Daimler cited “softening economic conditions” as the catalyst.

Read more