AGP Executive Report
Last update: 11 hours agoManufacturing Investment: Corvid Technologies plans a $95 million expansion in Mooresville, adding 423 jobs, while US Conec says it will invest $149 million in a new Hickory facility. Corning is also planning a major Wilmington expansion, with Cape Fear Community College helping build its hiring pipeline. Semiconductor Supply Chain: Sibelco is weighing an investment worth hundreds of millions of dollars in North Carolina to support semiconductor manufacturing. Edenton has meanwhile opened Whiskey Project Group’s North American manufacturing facility. Economic Outlook: North Carolina’s unemployment rate fell to 3.4% in September, but Richmond Fed President Tom Barkin warned that geopolitical and policy uncertainty, along with inflation, is weighing on businesses and consumers. Business Restructuring: Fiber provider RiverStreet, which filed for Chapter 11, has agreed to sell assets to Oaktree in a deal expected to provide resources for its long-term operations. Banking: First Citizens says it is open to buying more branches after its BMO deal.
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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