AGP Executive Report
Last update: 11 hours agoBanking: Charlotte-based Bank of America’s third-quarter profit fell 17% as it booked a $1.2 billion charge tied to anti-money-laundering and sanctions violations. Jobs and Investment: Corvid Technologies plans a $95 million Mooresville expansion that will add 423 jobs, while a Catawba County utility manufacturer announced 105 new positions. Retail: Wegmans opened its first North Carolina supermarket in Charlotte, adding a major rival to the region’s competitive grocery market. Infrastructure: Brunswick County’s Mid-Atlantic Industrial Rail Park received $6.275 million for site upgrades to attract employers; the Port of Wilmington also won $6 million for cargo and truck-parking improvements. Costs and Energy: North Carolina suspended its 41-cent gas tax through Nov. 30 and launched a tool for reporting stations that fail to pass on savings. A $581 million TVA grid project will add capacity across eight states, while Duke Energy agreed to a large-load tariff aimed at protecting customers from data-center costs. Agriculture: The state received more than $1.5 million in USDA grants for specialty-crop projects.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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