The Rocky Mount City Council officially approved the reduced electric rates resulting from the Duke Energy Progress asset sale. Rocky Mount Public Utilities customers saw a reduction of roughly 3.18 cents per kilowatt-hour.
But how did the city get there? Why was this issue with public utilities vital for economic development? Learn the story behind the story.
A lower cost of living can affect every aspect of a city: it can reduce unemployment by enticing new businesses and industries, and it can fight poverty by offering more affordable alternatives than living in larger--and more expensive--areas.Rocky Mount, NC is fortunate to have plentiful resources to enhance the quality of life and to be a city where residents can enjoy one of the lowest costs of living in North Carolina.
The community isn't the only one that benefits from the work of volunteers. Recent studies indicate that charity work can also be good for you. Researchers found that those who volunteer not only live longer, but they have lower blood pressure and stress levels. What impact do volunteers have on cities and towns? They can help fight poverty and lead revitalization efforts.
Several months ago, Gov. Pat McCrory visited Rocky Mount, NC to help promote reinstatement of the historic preservation tax credit bill. Rocky Mount was just one of several cities across NC that benefited from the bill before it expired this year. The bill passed the NC House and headed to the Senate, where initial reports on the progress of the tax credit bill have received mixed reviews.