At its June 28 meeting, the Buncombe County Board of Commissioners will consider buying the former Volvo plant on Hendersonville Road for $7 million in hopes of luring another large employer to the property. Meanwhile, the hints keep coming that the purchase could be part of a broader multifaceted jobs announcement: Board Chair David Gantt says “it’ll be one of the biggest hits we’ve had in years.” And News 13 Anchor Russ Bowen reports via Twitter that “sources say Linamar automotive parts company to take over Volvo plant.”
In this episode of the Mountain Xpress Local Matters podcast, news editor Margaret Williams talks with reporter David Forbes about the trends in the local economic recovery. Reporter Christopher George contributes a report about the local employment situation, as well as an update about the recent Buncombe County Commission budget meeting.
Don’t worry about inflation or oil spikes: The economy is recovering, which will accelerate as the housing market picks back up, but expect unemployment to decline slowly. That was the word from economists David Berson and James Smith at the April 21 Economic Crystal Ball seminar at UNCA.
Photo by Jonathan Welch
Tonight, two economists will lay out their forecasts for the coming year at the annual Crystal Ball Seminar at UNCA. Follow live Twitter coverage here.
Kit Cramer came on board as the Asheville Area Chamber of Commerce’s president and CEO last fall. Xpress sat down with her recently along with Ben Teague, the Chamber’s senior vice president for economic development. They discussed the organization’s new long-term strategic plan for business development as well as the controversy over the Asheville group’s […]
It is deeply distressing that during this time of economic recession a few very wealthy people in this country are growing enormously wealthier while millions of other people battle to hang onto jobs, homes, life-assets and retirement savings. The very rich are getting much richer, while large numbers of Americans are falling from the middle […]
A look at what’s been making headlines.
A look at what’s been making headlines.
About 50 local business owners gathered over grilled chicken yesterday for a discussion about property values and the state of Asheville’s economy. The monthly “Power Lunch Meeting” was sponsored by the Council of Independent Business Owners and featured a panel of city, county and business leaders, including County Tax Collector Gary Roberts, County Attorney Michael Frue, Asheville City Manager Gary Jackson and the owner of Spake Real Estate, John Spake.
Gov. Beverly Perdue spoke about the economy to more than 200 people on Thursday at a CIBO meeting. Here is a compilation of Xpress’ live coverage, transmitted via Twitter.
Appalachian State University center reports negative growth, higher unemployment in 24 of 25 counties
Mountain Xpress employees will see an across-the-board pay cut of 5 to 10 percent effective Jan. 1, owner and publisher Jeff Fobes announced Dec. 19. The Asheville-based weekly has seen a recent decline in both classified and retail advertising, Fobes said. The corresponding decline in revenue, which is likely to extend into 2009, has forced […]
This time a year ago, the state’s unemployment rate stood at 4.7 percent. What a difference a year makes.
President-elect Barack Obama will ask lawmakers to pass a massive economic stimulus package when he takes office, and Asheville’s elected officials want to be ready if any money comes their way.
The mayors of North Carolina’s 26 largest cities released a list of “shovel-ready” projects Friday, saying the construction of roads, public buildings and other infrastructure projects would create 100,000 jobs. Asheville’s list of ready-to-go infrastructure ranged from a $4 million Hendersonville Road sidewalk project to $80,000 for bike racks and lockers. Upgrades to city parks […]
If economists and retail analysts are to be believed, this holiday shopping season is setting up to be a grim one, thanks to a baleful economy and a precipitous drop in the Consumer Confidence Index, which hit an all-time low in October and is not expected to improve much, if at all, by Christmas. Still […]
“I remember eating corn bread and milk every night for dinner.” Such was the snippet of secondhand conversation surreally overheard recently. The speaker, a resplendently dressed elderly woman, was having lunch with her daughter outside a Grove Arcade eatery. It was one of those perfect autumn days, warm with a cool breeze, the city skyline […]
On what was supposed to be an off week for City Council, it will convene nonetheless in a special meeting to address concerns over local gasoline supply and, more ominously, the potential impacts to the city from the current financial-market meltdown.
Though it’s not over, Rep. Heath Shuler cast a ‘no’ vote on a $700 billion bailout plan on Sept. 29 that supporters say is necessary to stem the economic crisis caused by the implosion of the U.S. financial industry.
For businesspeople who’d like to stave off the economic downturn (at least a bit), an upcoming program at the Asheville Area Chamber of Commerce just might be the ticket.
When the mercury hit 90 in June, my green tin roof popped and pinged. The sound sent me reaching for a glass of ice-cold tea, though if I were more Southern belle and less teetotaler, I might have called for a fan and a mint julep. If I were more hip, I’d demand a mojito, […]