North Carolina’s personal income tax rate of 5.5% dropped to 5.25% in 2019. The state’s 3% corpo-rate tax dropped to 2.5%. Families filing jointly and earning up to $20,000 will owe nothing to the state. The zero tax bracket has been $17,500. Individuals will pay no state income tax for 2019 if they earn up to $10,000, compared to $8,750 in 2018. See the article in the Winston-Salem Journal.
Twenty-eight counties had their Tier designation adjusted for 2019, Wilkes County remains a Tier 2. The ranking is compiled annually for the state’s 100 counties. The 40 most distressed counties are designated as Tier 1, the next 40 as Tier 2 and the 20 least distressed as Tier 3. This system is used when communities apply for state grant funding to encourage growth in economically distressed areas.
WCC and Tyson Launch Upward Academy for Tyson Employees Upward Academy, a collaborative effort between Tyson Foods Inc. and Wilkes Community College (WCC), recently launched adult education classes for Tyson team members at the company’s facilities in Wilkesboro. Nearly 180 team members are now attending classes in high school equivalency (GED) and English language communication skills.
LuRay Textiles, Inc. received Vendor of the Year award from the National Safety Apparel in Cleveland, OH this month.
LuRay Textiles, Inc. is a manufacturer of knitted fabrics. They use American made yarn in the production of cloth. They offer a variety of fabrics from cotton and polyester to Kevlar®, Nomex® and PBI®.
Human Resources Meeting was hosted by WEDC on November 20th. Fifteen leaders were in attendance. If you know a HR professional or person focused on workforce development who would like to attend the next quarterly meeting, please contact us.