economy - Randolph Record

08 Mar

Archdale lands packaging company

Bob SuttonBusiness, NewsArchdale, business, economy, packaging

ARCHDALE — Archdale has another manufacturing operation coming that should boost jobs in the area. Axium Packaging, a manufacturer of packaging and containers, will create 118 jobs in Randolph County across a three-year period, according to last week’s announcement from Gov. Roy Cooper’s office. The company will invest $32 million to build a manufacturing facility in Archdale. “We’re really happy to see it,” Archdale mayor Lewis Dorsett said. “We’ve been working on getting that site ready for more than a year.” Headquartered in New Albany, Ohio, Axium is a manufacturer of packaging for personal care, household chemical, over-the-counter pharmaceuticals, and…

28 Dec

2022 marked by issues involving jobs, politics, education in Randolph County

Bob SuttonNews2022 politics, 2022 review, economy, festivals, growth, jobs, randolph county, Year in Review

ASHEBORO — Looking for big news in Randolph County this year and it was bound to be mega-sized. As in revolving around the Greensboro-Randolph megasite. While the announcement that Toyota came late in 2021, the real work involving the megasite and all that will be involved with the battery manufacturing plant seemed to pick up real momentum in 2022. This will be Toyota’s newest facility in North America. Toyota has vowed to pour huge investment dollars into the megasite, a move that had the Randolph County Board of Commissioners on board with pushing for the project. For the months that…

27 Apr

Community College report shows major economic impact

Randolph RecordGovernment, Statecommunity college, economy, Education, Randolph Community College, RCC

RALEIGH — A comprehensive new economic impact analysis finds that North Carolina’s 58 Community Colleges have a $19 billion annual impact on the state’s economy and supports more than 320,000 jobs across the state. The economic impact study found for every dollar the state invests in North Carolina’s Community Colleges, the state gains $7.50 in added incomes and social savings. The colleges generate nearly double the revenue from what they take in from the taxpayers. For every $1 the state invests, taxpayers get $1.90 back in added tax revenues and public sector savings, according to the study. “The Community College…

22 Apr

BARONE: The verdict on lockdowns: High cost, minimal benefits

Michael BaroneOpinionscovid-19, economy

What were the benefits and costs of the COVID-19 restrictions implemented over the last two years? It’s a good time to ask that question, especially now that the masks are coming off and the lockdowns are canceled. One useful scorecard comes from the prestigious National Bureau of Economic Research, in the form of a paper by three market-friendly economists, Casey Mulligan (University of Chicago), Stephen Moore (Heritage Foundation) and Phil Kerpen (Committee to Unleash Prosperity). They evidently disagree with the nation’s most prominent advocate of massive restrictions, Dr. Anthony Fauci, who recently argued, “I don’t think we’re ever going to…

15 Dec

Another agriculture center proposal coming to Randolph

Bob SuttonBusinessagriculture, Asheboro, economy

ASHEBORO — County leaders will again be considering an agriculture center proposal which could bring development to a county-owned parcel on East Dixie Drive in Asheboro. The county bought land in 2016 with a potential agriculture center in mind. Plans for that facility were presented and considered after the land was acquired with costs estimates at $58 million. That earlier proposal would have resulted in tax increases to fund both the construction and operation of the facility. The county commissioners passed a resolution in 2019 asking the state for up to $10 million in funding to support a “first phase”…

21 Jul

Hiring issues impact Zoo

Randolph RecordBusiness, Newseconomy, jobs, NC Zoo

ASHEBORO — At the same time the North Carolina Zoo is seeing a huge increase in visitors compared with last year, it's struggling to find staff to keep all of its exhibits open. Most attractions are open, but certain features like an obstacle course and feeding activities have remained closed. Twenty people recently turned out for a job fair with dozens of open positions. Many of the jobs at the zoo are part time, temporary and pay about $10 to $12 per hour.