Biz Roundup: Rowan Chamber Minority Business Council set to welcome professional development for entrepreneurs – Reuters
SALISBURY — The Rowan Chamber Minority Business Council will host a Zoom meeting May 17 at 9 a.m. for entrepreneurs looking to scale their businesses.
Entrepreneur Organization Accelerator CEO Bryan Delaney will explain his successful entrepreneurial journey and how he works to help other entrepreneurs in the Charlotte area.
The meeting will also cover how entrepreneurs are transitioning from working for their business to working on their business through Scale up CLT, a scholarship program to help diverse entrepreneurs, and the EO Accelerator program.
For the Zoom link, contact the Rowan Chamber at 704-633-4221.
Food Lion Expands Education Assistance Program with Tuition Reimbursement Eligibility
SALISBURY— Lion food announced last week that it was expanding its education assistance programs for its more than 82,000 full-time and part-time associates.
Both part-time and full-time associates are eligible for tuition reimbursement, which includes tuition, books, and course fees required by any accredited educational institution, after six months of continuous employment.
“Food Lion employs more than 82,000 associates at various stages of their careers, and it’s imperative that we provide a level playing field for everyone,” said Linda Johnson, senior vice president, chief human resources and communications officer at Food Lion. “We encourage and support our associates to always learn and grow. Enhanced tuition reimbursement benefits and educational programs provide greater opportunities for all Food Lion associates.
Food Lion will offer more than 250 degree programs offered by 15 training providers at a reduced cost. Study programs include online and in-person courses to earn undergraduate degrees or certificates and graduate degrees. Access to these discounted training offers is available to all associates from their first day of employment.
Credit Union Hosts Ribbon Cutting at Granite Quarry
GRANITE QUARRY – Officials of the State Employees Fund (SECU) celebrated the new Granite Quarry office on Tuesday with a groundbreaking ceremony.
The branch located at 970 North Salisbury Ave. offers a range of financial services and features.
“We are so happy to have this new location to offer our members even
greater accessibility and convenience. Members who live and work in the Granite Quarry area have been looking forward to having this branch for some time. We want everyone to know that we are thrilled to be here to serve them in their own community,” SECU Vice President/City Manager Lori Cinquemani said in a press release,
NC Idea Foundation awards $150,000 to 15 NC startups
DURHAM — NC Idea, a private foundation, awarded $10,000 each to 15 North Carolina startups in its eighth round of NC Idea Micro grants. Since the inaugural cycle in 2018, the program has awarded more than $1.3 million to 133 start-ups across the state.
Green Solutions Group, LLC of Salisbury is also a 33rd round finalist for a $50,000 grant chosen from among 24 semi-finalists. These 12 finalists will present to a review panel and approximately five to seven grant recipients will be announced later this month.
Through small, project-based grants, the $10,000 prizes help start-ups looking to validate and advance their ideas. The program, piloted in 2018, was created as an extension of the Foundation’s longstanding Seed Grants program to provide funding to promising startups not yet positioned for traditional $50,000 grants. of the Foundation.
North Carolina reports total tourism spending close to recovery in 2021
RALIEGH — Governor Roy Cooper announced North Carolina’s tourism industry experienced a major recovery in 2021 with $28.9 billion in visitor spending.
With domestic travel hitting new highs as international visits lagged, the total falls just 1% below the record set in 2019 and represents a 45% increase from pandemic-hit 2020.
“We know visitor spending helps fuel our economy in all 100 counties by supporting local businesses, supporting thousands of jobs and generating tax revenue and that’s why we’ve worked to encourage tourism,” said Governor Cooper. “After being hit hard in 2020, tourism has rebounded as people around the world can once again see and experience the nation’s largest state.”
Governor Cooper’s announcement coincides with National Travel and Tourism Week May 1-7, when travel and tourism professionals across the country unite to highlight the value of travel to the economy, businesses , communities and personal well-being. For the second year in a row, North Carolina ranks fifth in national visits.
The state’s tourism-supported workforce grew 10.5% to 197,500 jobs in 2021 and reverses the more than 26% job loss suffered in 2020. The total remains 18 lower % to 2019 record 242,600 jobs. Tourism payroll rose 19% to $7.7 billion. Due to visitor spending, state and local governments saw their tax revenues rebound to $2.3 billion.
The numbers are preliminary results of research commissioned by Visit North Carolina, a unit of the Economic Development Partnership of North Carolina, and conducted by Tourism Economics. In measuring the economic value of the travel sector, the research integrates a wide range of data sources to ensure that the entire visitor economy is quantified in detail. The United States Bureau of Economic Analysis, United States Bureau of Labor Statistics, OmniTrak Visitor Profiles, United States Census, STR Lodging Reports, and Carolina Department of Revenue North are among the sources included in this complete model.
Research shows that domestic visitor spending has fully recovered in North Carolina, while international spending is still lagging behind. In 2021, domestic visitors spent $28.6 billion, a figure that surpassed the 2019 record by 2.4%. Spending by international visitors increased by nearly 26%, but is still down more than 74% from 2019.
“We are encouraged by the report on the recovery of our tourism industry, which is critical to the economic well-being of the state,” said North Carolina Department of Commerce Secretary Machelle Baker Sanders. “More than 45,000 small businesses across North Carolina depend on what visitors spend — from lodging and food to transportation, recreation and retail.”
Sanders noted that due to travelers’ contributions to state and local tax revenues, North Carolina households average about $580 in annual savings.
• Total spending by domestic and international visitors to North Carolina reached $28.9 billion in 2021. This amount represents a 44.9% increase over spending in 2020. This figure is 1% lower than the record of $29.22 billion spent in 2019.
• Domestic travelers spent a record $28.6 billion in 2021. Spending increased 45.2% from $19.7 billion in 2020.
• International travelers spent $337 million in 2021, up 25.6% from the previous year.
• Visitors to North Carolina generated $3.9 billion in federal, state and local taxes in 2021. The total represents a 29% increase from 2020.
• State tax revenue from visitor spending increased 34% to nearly $1.2 billion in 2021.
• Local tax revenues increased by 26% to $1.1 billion.
• Direct tourism employment in North Carolina increased 10.5% to 197,500.
• Direct tourism payroll increased by 18.9% to $7.7 billion.
• Visitors spend over $79 million a day in North Carolina. The spending adds $6.4 million a day to state and local tax revenue (about $3.3 million in state taxes and $3.1 million in local taxes).
• Each North Carolina household saved an average of $580 in state and local taxes as a direct result of in-state visitor spending. Savings per capita averaged $222.
• North Carolina welcomed nearly 45 million visitors in 2021.