Job statistics don’t tell the whole story for local economy

On Nov. 21, Gov. Pat McCrory’s office released a statement saying that all of the jobs North Carolina lost during the Great Recession — some 62,000 positions — had been gained back. Not long after, local unemployment numbers started coming in, showing that Asheville had the lowest unemployment numbers among the North Carolina metro areas at […]

Time to #ShopSmall

Nestled between the occasionally controlled chaos of Black Friday and the countless clicks of Cyber Monday sits a relatively new post-Thanksgiving shopping day. As the name implies, Small Business Saturday calls on holiday gift-seekers to patronize small retailers rather than, or in addition to, big-box stores. This Saturday, Nov. 29, marks the fifth incarnation of […]

MED Week update: Social and economic improvemen­t, one block at a time

Stephanie Swepson-Twitty, president and CEO of Eagle Market Street Development Corporation, was a 30-year veteran of “banking, finance and retail” when she switched gears and went to work for the nonprofit she now directs as an AmeriCorps intern. “I served them two years as an intern,” she said. “And then one thing led to another, […]

Commission­ers approve $50,000 for Mountain BizWorks microloans on party line vote

Buncombe Commissioners voted along party lines April 1 to give Mountain Bizworks $50,000 toward a new microloan program that will help small local businesses get needed capital. The local business nonprofit will leverage the county funds to receive an additional $300,000 from the federal Small Business Association Microloan Program.

N.C. Treasurer Cowell discusses Asheville, state economy

The freezing temperatures didn’t stop North Carolina Treasurer Janet Cowell from laying out her take on the state of the economy, or prevent a crowd, including many local notables, from showing up to hear, and ask questions. She praised Asheville’s strong economy and “human capital” but noted challenges with infrastructure and state revenue. Photo by Alicia Funderburk

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Buncombe Commission­ers approve incentives­, new hires, zoning regulation­s

At their first meeting of 2014 on Jan. 7, Buncombe County Commissioners unanimously agreed to give $1.12 million in cash grants to Jacob Holm Industries to help it expand local operations. They also agreed to spend $213,726 to hire 17 new county workers at the Health and Human Services Department and approved new zoning regulations governing renewable energy facilities.

Feeling the crunch: Mountain BizWorks tackles funding crisis

Struggling to address an increased demand for services amid a funding crunch, Mountain BizWorks is conducting “an intensive review of our programs and finances,” board Chair Eileen McMinn reports. Most of the organization’s existing training programs will be phased out by the middle of next year. The downsized local nonprofit will focus its remaining resources on lending.