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North Carolina furniture manufacturer: Business is great; Trump’s tariffs are one reason
HIGH POINT — Last fall, Chris Morris saw an opportunity in residential upholstery manufacturing and decided to revise his business strategy to accommodate it. With an eye on upholstery manufacturers seeking out a domestic, private-label partner, Morris created a plan to increase production for residential upholstery at his Vision Contract Manufacturing factory in High Point. Less than [&hellip[...]
Vaughan-Bassett touts made-in-America inventory, vows no immediate price increases in wake of tariffs
Made-in-America bedroom and dining furniture manufacturer Vaughan-Bassett, which is headquartered in Galax, sent a letter to dealers and sales reps Thursday morning announcing no price increases for 120 days and discounts on certain items in wake of the tariffs announced Wednesday. “Given the great uncertainty created in the home furnishings marketplace as significant tariffs will […]
US electric vehicle industry is collateral damage in Trump’s escalating trade war
DETROIT (AP) — President Donald Trump’s tariff blitz has sent shock waves throughout every aspect of the global economy, including the auto sector, where multi-billion-dollar plans to electrify in the United States are especially at risk. Here’s what consumers should know about the impact of tariffs on electric vehicles. Where does EV adoption stand in the U.S.? […]
US manufacturing worsens in March
TEMPE, Ariz. — U.S. manufacturing output contracted in March after two months of growth, which were preceded by 26 straight months of contraction. The Institute for Supply Management, which polls manufacturers, issued a monthly index of 49% for March, down 1.3 points from February. Any number below 50 indicates contraction. “In March, U.S. manufacturing activity […]
Could Hyundai be the Port of Charleston’s next big export customer?
The largest development project in Georgia history is open for business and there could be something in it for South Carolina, too, says the president and CEO of the Palmetto State’s port system. Hyundai Motor Group Metaplant America on March 26 celebrated the official opening of a plant that will produce Hyundai, Kia and Genesis vehicles […]
Trump is set to announce ‘reciprocal’ tariffs in a risky move that could reshape the economy
WASHINGTON (AP) — After weeks of White House hype and public anxiety, President Donald Trump is set on Wednesday to announce a barrage of self-described reciprocal tariffs on friend and foe alike. The new tariffs, coming on what Trump has called “Liberation Day,” are a bid to boost U.S. manufacturing and punish other countries for what he says are […]
Pharma hub workforce training wins $3.9 million grant
The talent pipeline for the Richmond-Petersburg region’s growing advanced pharmaceutical manufacturing and biotech industries is getting a boost from a $3.9 million federal grant. Announced in mid-January, the U.S. Economic Development Administration’s Good Jobs Challenge grant was awarded to the Community College Workforce Alliance in Disputanta, a shared division of Brightpoint and [...]
Top Five April 2025
1 | Booz Allen fires subcontractor who wrote document about DOGE access to Treasury McLean-based Fortune 500 management consulting contractor Booz Allen Hamilton fired a subcontractor who warned the U.S. Treasury Department about the Department of Government Efficiency having access to the Treasury’s payment system. (Feb. 11) 2 | U.Va. board votes to continue gender-affirming […]
Hooker exits Georgia warehouse as part of consolidation effort
Martinsville-based Hooker Furnishings announced this week that it will end operations at its Savannah, Georgia, warehouse as part of a consolidation effort. “Our decision to exit our Savannah distribution facility was not taken lightly,” Hooker Furnishings CEO Jeremy Hoff said in a statement. “We deeply appreciate the hospitality and support received from the state of […]
Lynchburg’s BWXT unveils Innovation Campus
On Wednesday, Gov. Glenn Youngkin, federal and state officials and executives, engineers and employees of Lynchburg-based BWX Technologies gathered to celebrate the official opening of the nuclear company’s new Innovation Campus. “The IQ level in this room is really high,” Youngkin joked. Set on 11 acres in Campbell County, BWXT’s Innovation Campus (which shares a […]
Cooling equipment manufacturer plans $29.9M expansion in Botetourt
Munters, an air treatment and climate control solutions company with its global headquarters in Sweden, plans to invest $29.95 million on a 200,000-square-foot expansion of its HVAC manufacturing facility in Botetourt County, according to a Tuesday announcement by Gov. Glenn Youngkin. The new manufacturing facility, which will be devoted to data center cooling solutions, will […]
Construction of Virginia’s tallest building slated for April
LS GreenLink USA will begin constructing the tallest structure in Virginia next month. During Old Dominion University’s Maritime and Offshore Wind Conference on Tuesday, LS GreenLink USA’s managing director, Patrick Shim, revealed the company will break ground April 28 on its $680 million-plus offshore wind subsea cable manufacturing facility in Chesapeake, the first of its […]
