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March 17, 2009

Good news in North Carolina

We're ready for some uplifting, happy economic news. Bring it on. Hit us full force with something positive.

Dr. Mike Walden, North Carolina Cooperative Extension economist in the College of Agriculture and Life Sciences at N.C. State University, responds:

"Well, here's some good economic news about North Carolina, indeed, about the manufacturing sector of North Carolina. Recently, it was announced that ASCO Power Technology, which makes communications hardware, will be creating over 300 manufacturing jobs over 5 years in Davidson County, which is located in heart of the Triad region of North Carolina. I think this is important for several reasons. First of all, it indicates that even in a bad economy, we still periodically have announcements of businesses moving here or businesses expanding. So that's good. Secondly, it's in manufacturing, so it shows we can still attract, here in North Carolina, manufacturing companies. And thirdly, I think it shows that North Carolina is still competitive, still attractive for new businesses, particularly in manufacturing, and during a recession. So some could say that Christmas has come 10 months early."

Posted by Dave at March 17, 2009 08:00 AM