Business & Economy

RTP, Research Triangle Foundation
Leoneda Inge

The head of the Research Triangle Foundation announced Thursday they’ve raised enough money to move forward with a major, more urban redevelopment project in Research Triangle Park.

The Research Triangle Foundation has secured $50 million to begin breaking ground on Park Center.  The plan is for this 100-acre property to include two hotels, housing, restaurants and entertainment.

A picture of a mercury vapor street lamp.
Famartin / Wikipedia

Duke Energy will begin replacing Raleigh's 30,000 conventional high pressure sodium and mercury vapor street lamps with more energy-efficient light-emitting diode—LED—streetlights this week.

Duke Energy spokeswoman Meredith Archie says several North Carolina cities are making the switch, including Wilmington, Henderson and Cary.

"LED lights are more energy efficient, so they reduce the carbon footprint. And as a result of that, they expend less energy so saving money and cost on energy bills," Archie says.

An artist's rendering of a light rail stop.
GoTriangle / Triangle Transit

A provision in the legislature's new budget proposal would limit state spending on any light rail project to $500,000 per-year.

That's a far cry from what the North Carolina Department of Transportation recommended contributing to the proposed Durham-Orange Light Rail project. In its State Transportation Improvement Program, NCDOT allotted $138 million for GoTriangle's light rail project.

MillerCoors trucks
MobiusDaXter / Wikimedia Commons

Big beer companies are starting to feel the pressure of a rising thirst for craft beer. There are more than 130 breweries and brewpubs in North Carolina, but MillerCoors announced it is closing the plant in Eden, North Carolina in September of next year.  

A picture of a foreclosure sign in front of a house.
Jeff Turner / Flickr

Foreclosures have slowed in recent years, but many families still struggle to pay their mortgages since the Recession.

A program set up to help North Carolinians pay their mortgage after a layoff or the death of a bread-winner has about a year's worth of money left. Bob Kucab  directs the North Carolina Housing Finance Agency, which administers the program with money from the U.S. Treasury's "Hardest Hit" fund.

Judy Wicks
Gene Smirnov

For most entrepreneurs, finding a competitive advantage means a way to beat out the competition. But for restaurateur Judy Wicks, discovering how much clients embraced her sustainable practices made her want to share them with other restaurants.

Host Frank Stasio talks with entrepreneur and author Judy Wicks about her book, “Good Morning, Beautiful Business” (Chelsea Green Publishing/2013) and her ideas about the potential for a compassionate economy.

A picture of summit participants at a table in 2014.
Innovate Raleigh

Area youth and minority leaders will rub elbows with representatives from large tech firms and start-ups at the fourth annual Innovate Raleigh Summit today.

The non-profit Innovate Raleigh works to connect entrepreneurs and resources. Executive Director Jenny Hwa says the organization will study whether it's a gap in education that limits diversity in the tech industry.

InnovateNC, Institute for Emerging Issues, Wilmington
NC State

A new initiative to help spark innovation across the state will focus on five cities.  The announcement was made Friday at NC State's Hunt Library.

“Next up we have Greensboro!  Come on up Greensboro!” shouted Christopher Gergan, CEO of Forward Impact.

Gergan helped make the "InnovateNC" announcement.

Doctor payoffs
Mike Licht / Flickr Creative Commons

Physicians earn their livings from patient care, but for many, fees are not their only source of income.

New data released under the Affordable Care Act shows how much individual doctors receive from pharmaceutical and medical device companies. Several physicians in the Triangle receive thousands of dollars.

Host Frank Stasio talks with Triangle Business Journal reporter Jason deBruyn about the fees and access to the data.

Jim Rogers is the former CEO, President and Chairman of Duke Energy and wants to bring electricity to the developing world.
Duke Energy

More than 1.2 billion people in the world live without electricity. Former Duke Energy CEO Jim Rogers wants that figure to change. After a career at the helm of the largest electric power company in the United States, he is determined to bring power to developing countries.