Recent News

Truist receives “Outstanding” Community Reinvestment Act rating

April 7, 2021

CHARLOTTE, N.C., Truist received the highest possible overall rating of “Outstanding” from the Federal Deposit Insurance Corporation for its most recent Community Reinvestment Act (CRA) examination period. “Truist’s community development lending provides capital that impacts community and socioeconomic needs,” said Chairman and Chief Executive Officer Kelly S. King. “Since our previous evaluation, we’ve identified and responded to community needs by financing essential infrastructure, community health care, affordable housing, disaster recovery, and revitalization and stabilization efforts. We’re committed to doing our part to create equitable and thriving communities.” During the examination period of Jan. 1, 2017, to Dec. 31, 2019, Truist: Originated nearly 40,000 mortgage loans totaling $9.6…

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North Carolina’s February County and Area Employment Figures Released

April 7, 2021

Raleigh, N.C. – Unemployment rates (not seasonally adjusted) decreased in 96 of North Carolina’s counties in February, increased in three, and remained unchanged in one. Scotland County had the highest unemployment rate at 10.9 percent while Orange County had the lowest at 4.0 percent. All fifteen of the state’s metro areas experienced rate decreases. Among the metro areas, Fayetteville had the highest rate at 7.8 percent while Durham-Chapel Hill and Raleigh each had the lowest at 4.7 percent. The February not seasonally adjusted statewide rate was 5.6 percent.   Counties With Rates5% or Below Counties With RatesBetween 5% and 10% Counties…

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PPD

PPD Announces First Quarter 2021 Earnings Conference Call

April 7, 2021

WILMINGTON, N.C., a leading global contract research organization, will host a conference call on Wednesday, April 28, 2021, at 8 a.m. (U.S. Eastern Time) to discuss its first quarter 2021 financial results. Investors and other interested parties may listen to a live webcast of the conference call by logging on to the investors section of PPD’s website at https://investors.ppd.com. An archived copy of the webcast will be available on the website after the call. In addition, the conference call can be accessed live over the phone by dialing +1 877 407 0784, or for international callers, +1 201 689 8560. A replay…

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Bipartisan Senate group to push for broadband expansion in new bill

April 7, 2021

by Andrew Dunn, Carolina Journal News Service RALEIGH — A bipartisan group of senators is crafting legislation that would find ways to expand broadband access in North Carolina. The bill, filed Monday, appears unfinished. Several sections remain unfilled, presumably with details to come in later editions. But the goals are significant, starting with the title: “Innovative Statewide Broadband Infrastructure.” The legislation would convene the Institute for Emerging Issues to tackle ways to remove regulations that prevent broadband expansion from happening more rapidly. Other goals include allowing easements for other utilities to be used for broadband and expanding the state’s grant program for…

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Duke Energy awards $90,000 in Marketing Partnership Program grants to 18 Indiana economic development groups

April 7, 2021

PLAINFIELD, Ind. – Duke Energy has awarded $90,000 to 18 Indiana economic development groups for the 2021 Marketing Partnership Program. Each group was awarded $5,000. “Duke Energy is committed to strengthening collaborative efforts with our local and regional economic development partners,” said Erin Schneider, Indiana director of economic development for Duke Energy. “These grants provide those partners with resources to fund marketing and strategic efforts that result in new jobs and investments in the communities we serve.” To qualify for program consideration, each applicant must submit a plan that has a direct impact on the community’s economic growth and supports…

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McConnell: Corporations Shouldn’t Fall for Absurd Disinformation on Voting Laws

April 7, 2021

‘There is no consistent or factual standard being applied here. It’s just a fake narrative gaining speed by its own momentum… Businesses must not use economic blackmail to spread disinformation and push bad ideas that citizens reject at the ballot box.’ LOUISVILLE, KY – U.S. Senate Republican Leader Mitch McConnell (R-KY) issued the following statement regarding disinformation campaigns surrounding debates over election laws: “We are witnessing a coordinated campaign by powerful and wealthy people to mislead and bully the American people. “The President has claimed repeatedly that state-level debates over voting procedures are worse than Jim Crow or ‘Jim Crow on steroids.’…

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Duke Energy to provide $500,000 in grants for North Carolina small business revitalization

April 7, 2021

Hometown Revitalization grants will provide funding for 20 local microgrant programs. CHARLOTTE, N.C. – The pandemic has created unprecedented challenges for small businesses across North Carolina. To support community needs, the Duke Energy Foundation today announced $500,000 in funding to help local businesses – from restaurants to retailers – pivot to accommodate the changing environment through the Hometown Revitalization Grant Program. “Small businesses are the heart of our communities, and they care for the needs of citizens across the state – including our customers and employees,” said Stephen De May, Duke Energy’s North Carolina president. “These grants will help businesses and…

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GOP lawmakers move forward bills to ‘restore trust’ in election system

April 5, 2021

By David Bass Carolina Journal News Service RALEIGH — Republican lawmakers are pushing forward two election-reform bills designed to shore up voting integrity following a 2020 general election that included numerous accusations of fraud. Sen. Paul Newton, R-Cabarrus, talked through the two bills at a news conference and in the N.C. Senate Elections Committee on Wednesday, March 31. “There is a tension between free, fair, and secure,” Newton said. “As we come out of the 2020 election, there has been some erosion of the election system nationwide, and even right here in North Carolina.” Newton said both bills relate to specific concerns…

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Brunswick County Chamber of Commerce celebrates Chairman’s Gala

April 5, 2021

The Brunswick County Chamber recently hosted it’s annual Chairman’s Gala on April 1. The event celebrates local businesses and their achievements during the past year. Below is a list of award winners.  Community Impact Award – Sponsored by ATMC Hope Harbor Home Community Outreach Award – Sponsored by Arbor Landing at Ocean Isle John Daly.tv Rising Star  – Sponsored by Gallant Videography Makai Brewery Excellence in Small Business – Sponsored by Hughes & Hughes Nursery Island Classics Interiors Excellence in Business – Sponsored by BB&T Victoria’s Ragpatch Outstanding Customer Service – Sponsored by Brunswick Community College ServPro Leadership in Diversity – Sponsored by Coastal Insurance Brunswick County…

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Folwell says hospitals not so transparent on prices, despite federal rules

April 2, 2021

by Andrew Dunn, Carolina Journal News Service RALEIGH — N.C. Treasurer Dale Folwell says N.C. hospitals aren’t being transparent on their pricing, despite federal rules requiring them to do so. In 2019, President Trump signed an executive order requiring hospitals to make public the prices they charge for standard procedures. The federal government soon followed through with rules mandating that every hospital in the U.S. make a consumer-friendly price list available online. This went into effect in January. Yet, Folwell said this week, hospitals are fighting price transparency and not in full compliance with the rules. “Secret contracts and hidden prices are…

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