VOLUME 1 ISSUE 33
|
WWW.NSJONLINE.COM |
SUNDAY, OCTOBER 9, 2016
Find out what’s new at the State Fair | The Good Life
NORTH
Matthew on the move
STATE
Brent Scurry of Lake City, S.C., works to install window shutters at an ocean front home in anticipation of Hurricane Matthew in Garden City Beach, S.C.
JOURNaL
Check for updates at nsjonline.com
ELEVATE THE CONVERSATION
★
RANDALL HILL | REUTERS
In small business and in the military
North Carolina state of the economy
VOTE 2016
Touted as one of the fastest growing economies in the nation, N.C.‘s economy is well on the mend after years of a changing marketplace and struggle in rural areas. In the second of North State Journal’s five part series, we ask North Carolinians on the front lines, unemployment lines, and some of leading decision-makers how it happened, where the jobs are, where we are going, and who could be left behind. This is how North Carolina works.
How we earn
First in a 5-part series ciendelictas doluptium fugita cus et aut labo. Endebitibus possitat aut alit arcita del est dolorectem que nus magnihit, il iureri archili quiawsit ium et estia vel millabo raeptatius, imeni doluptur aut occusci psumquis min re sinvercid quatem hicipsam archic to voluptat velesciam laboria sunte offic te volectus et quatem laborepta venet volupti aectore
MADELINE GRAY | NORTH STATE JOURNAL
Anita Hudson, of Dunn, washes windows at Captain Stanley’s restaurant in Raleigh. Hudson has worked at the restaurant on and off for 25 years. “I love the Stanleys,” Hudson said. “They’ve been in my life since I was 10 and Verne helped me buy my first car.” Hudson’s 74-year-old mother also works at the restaurant three days a week.
By Jeff Moore North State Journal
R
ALEIGH — North Carolina is one of the nation’s fastest-growing economies, with its GDP having grown more than 15 percent since 2013, according to U.S. Bureau of Economic Analysis. However, it is changing. While military and agriculture are still critical to the state’s economic success, the state is now on the leading edge in industries such as aviation, pharmaceuticals and small business startups. As the Great Recession peaked, N.C.’s unemployment rate was among the highest in the nation at 10.7 percent. Now it is one of the lowest at 4.6 percent, outpacing its Southeastern peers and the nation as a whole. Gross domestic product (GDP) in the state, a measure of the state’s total economic output, is projected to reach $510 billion for fiscal year 2016, representing a gain of more than $100 billion since 2010. In the last year, retail sales have climbed by more than $670 million according to the N.C. Department of Revenue, and applications for residential building permits have climbed nearly 15 percent over the same period. Associated with that growth, of course, is job creation. Since September 2015, nearly 75,000 jobs were added in North Carolina. North Carolina bests the unemployment national average, but the rates are hardly consistent from Murphy to Manteo. Counties like Wake, Buncombe, Dare and Henderson have the lowest rates, but according to the N.C. Department of Commerce, handful of counties, though, suffer with unemployment nearly twice the state average, such as Scotland County’s 8.8 percent, and Edgecombe County at 8.5 percent. Recent developments, such as the CSX inter-modal hub coming to Rocky Mount and Sanderson Farms’ investments in Robeson County, may transform the economic fortunes of these impover-
CHRISTINE T. NGUYEN | NORTH STATE JOURNAL
2nd Lt. Luke Klena, right, works with members of the fire support team to direct artillery fire during a live fire exercise at Marine Corps Base Camp Lejeune in Jacksonville, N.C. Camp LeJeune is home to 37,000 active duty marines and makes a $3.5 billion economic impact on the state of North Carolina.
See ECONOMY, page A2 EAMON QUEENEY | NORTH STATE JOURNAL
5
$2.00
20177 52016
IN SPORTS The MLB postseason is underway: matchups and bracket
Page B4-5
Robeson County’s rural revival, page 2A NC’s ‘energy ecosystem’ fueled expansion to Concord, page 2A “First Flight” to aviation industry giant, Murphy to Manteo, page 6A
8
Family owned business adapts in uncertain economy
Semper Fi: Earning a living serving others
By Liz Moomey North State Journal
By Laura Ashley Lamm North State Journal
RALEIGH — Captain Stanley’s has been in business for 38 years, watching the economy rise and fall, neighboring restaurants thrive and diminish, and the climate alter for small businesses in North Carolina. Heath Stanley, who is manager of the family owned restaurant, said one of the key aspects of their success is adapting to the market and its customers’ needs. One way is lowering prices when the economy is struggling, he said. “One thing that is guaranteed in life is all people will eat, so the trick is to adjust your offerings accordingly to market conditions,” Stanley said. “You can offer less expensive items if things got really bad. There is always an opportunity to serve food.” He also said Captain Stanley’s
JACKSONVILLE, N.C. — There are men and women who make selfless choices every day, choosing to serve and protect their country so others don’t have to. Others make the decision to enlist as a way to not only serve their country but also find a purpose. “I was homeless when I joined the Marine Corps. I wanted to make something of myself so I joined and haven’t looked back,” said Sgt. Alfred Hunt. “The Marines is a volunteer service right now. If I can do it, that’s the sacrifice of doing it so someone else doesn’t have to,” said Hunt. “We should volunteer for as long as we can until our volunteers run out. This way you get men and women who want to do the job; who want to fight the good fight.”
See CAPTAIN, page A3
See MILITARY, page A3