Business & Economy

Fracking on the Haynesville Shale near Shreveport, Louisiana.
Daniel Foster (Creative Commons)

 Author Daniel Raimi began his journey studying natural gas and oil development in Durham. While interning at a state agency, he wrote a report about the potential for shale gas development in North Carolina. Since then, he has visited every major oil and gas producing region of the country to examine the local impacts of shale production.

Computer keyboard
Defence Images/Creative Commons

More than half of North Carolinians were affected by personal data breaches in 2017. This month the North Carolina Department of Justice announced that the number of people hit in 2017 was seven times the number affected in 2016.

Ten years after the Great Recession North Carolina’s economy is back on its feet by many measures. Rates of employment are up, and the hard-hit manufacturing sector has been superseded by a growing tech and professional services industry.

Toyota Motor Corp. President Akio Toyoda, left, and Mazda Motor Corp. President Masamichi Kogai. The rivals will build a joint manufacturing plant in Alabama.
Shizuo Kambayashi / AP

When auto manufacturers Toyota and Mazda build a $1.6 billion joint manufacturing plant in Alabama, it will mark another miss for economic developers in North Carolina.

North Carolina was a finalist for the plant, which will add 4,000 manufacturing jobs near Huntsville, but ultimately lost out in the final stages of negotiations.

The Tech Jobs Tour convenes America's innovators across all areas of technology. Photo from Tech Jobs Tour Portland on April 27, 2017 at Coopers Hall. (Portland, OR)
Tech Jobs Tour / Flickr, Creative Commons, http://bit.ly/2CWQ6LQ

Companies that promote diversity are more innovative, according to a new study from N.C. State University's Poole College of Management.

the cover of Joshua Davis's book, "From Head Shops to Whole Foods."
Joshua Davis

In the 1970s, independent bookstores, local food co-ops and credit unions shaped a new consumer landscape that was as much about protest as it was about purchase.

In his new book “From Head Shops To Whole Foods: The Rise and Fall of Activist Entrepreneurs” (Columbia University Press/2017) history professor and author Joshua Clark Davis digs into the unique environment that led to the rise and demise of these businesses.

Crews continued to work on the Bonner Bridge project.
Jason deBruyn / WUNC

North Carolina corporate and economic leaders predict jobs and company profits will continue to see steady, diverse growth in 2018 even without landing a Toyota auto factory or Amazon headquarters expected to be announced within months.

Courtesy of New Hanover County Public Library

The 1940s was a decade of great transformation in North Carolina – the state transitioned from a mostly rural, agricultural place to one with a booming tobacco industry, strong musical traditions and a large military presence.

The post-holiday season is a time when many people look back at the memories they made and the money they spent. According to behavioral economist Dan Ariely, many of the financial decisions made during this time, and throughout the year, are based on instincts or emotions rather than value. 

The post-holiday season is a time when many people look back at the memories that were made, and the money that was spent. According to behavioral economist Dan Ariely, many of the financial decisions made during this time and throughout the year, are based on instincts or emotions rather than value.

With the growth of popular technologies like taxi apps and mobile payments, Ariely argues people are also becoming increasingly distanced from the physical pain of spending which can be helpful for keeping unnecessary spending in check.

part of the Republican Senate bill "Tax Cuts and Jobs Act" is photographed in Washington
Jon Elswick / AP

Republicans lawmakers in Congress frequently point to North Carolina as evidence their tax overhaul will be a boon for the economy. In 2013, the state passed a tax overhaul that includes a lot of the same elements as the federal proposal, including cutting corporate and income taxes.   

Mary Ankeny, Vice President of product development at Cotton Incorporated in Cary, NC.
James Morrison / For WUNC

Low cotton prices and a couple of bad weather years have unseated North Carolina as one of the leading cotton-producing states.

L.A. McCrae holding a glass of her beer
Courtesy of L.A. McCrae

For L.A. McCrae, beer is a ministry. She owns Black Star Line Brewing Company – the first black-owned brewery in Western North Carolina. 

Lottery tickets at the Carrboro Food Mart.
Laura Candler

Update: On Dec. 5, 2017, commissioners with the North Carolina Education Lottery put off discussion on whether to add games that consumers can play instantly online. A lottery committee will continue studying the games before the commission makes a decision.

The North Carolina Education Lottery Commission is considering whether to create scratch-off style games that consumers can play online.

man sitting at computer, stressed.
Time Gouw / Pexels commons

The Republican tax overhaul is a $1.5 trillion package that features a wave of tax cuts with the goal of spurring the economy. GOP leaders said the plan would pay for itself, but new analysis out yesterday shows otherwise. 

Cover of 'Lending Power' by Howard Covington
Courtesy of Howard Covington

When founders Martin Eakes and Bonnie Wright started the Center for Community Self-Help in 1980, they did so with the fundamental belief that low and middle-income homeowners and small business owners would not only be a safe investment, but also a profitable one. 

shrimp, North Carolina coast
Leoneda inge

Wildlife officials in South Carolina say the fall white shrimp harvest is down this year.

Grace Edwards with Shem Creek Fisheries told The Post and Courier of Charleston there just aren't many shrimp in the water this fall.

Toyota logo
Daniel / Flickr, Creative Commons, https://flic.kr/p/4Tzkj4

The Triad's efforts to lure a major car manufacturer could pay off. The Randolph County's Planning Board this week quickly approved the rezoning of 370 acres that will expand the area's megasite.

woman wearing Virtual Reality glasses
Nan Palmero / Flickr - Creative Commons -https://flic.kr/p/qJPZEL

For years North Carolina has been one of the fastest-growing states in the nation. This growth has had a profound impact on the state’s environment, government and economy. 

view of flooded I-95 after Hurricane Matthew
Jay Price / WUNC

Small business owners affected by Hurricane Matthew can apply for assistance from a new block grant program.

Elaine Thompson / AP Photo

Take it from Seattle, having Amazon’s headquarters in your city can be a blessing. 

A sign indicates the janitor closet inside a Wake County public school.
Brian Batista / For WUNC

School custodians are asking the Durham Board of Education to make them full-fledged school employees. Currently, most work for a private contractor called SSC Service Solutions.

Downtown Raleigh
Mark Turner / Wikipedia

North Carolina should be ready for more urbanization and a middle class that keeps shrinking in the coming decades.

FILE - In a Tuesday June 6, 2017 file photo, hydrologist William K. Jones, walks up a mountain near the route of the proposed Atlantic Coast Pipeline in Bolar, Va.
Steve Helber, File / AP

When Dominion Energy applied for approval from the Federal Energy Regulatory Commission to build the Atlantic Coast Pipeline, the publicly-unveiled plan indicated that the natural gas line would end in the middle of a field in Robeson County, North Carolina.
 

Kaleb Fulgham / Flickr/Creative Commons, https://flic.kr/p/cNUvr5

North Carolina viticulture has blossomed into a $2 billion industry. It's got tourism to thank for the growth.

downtown Raleigh skyline
NCDOTcommunications / Flickr, Creative Commons, https://flic.kr/p/bbmA6K

By several measures, the North Carolina economy is humming along nicely. But a deeper look at the data shows the benefits of the strong economy are concentrated among fewer people, leaving more winners and losers and an ever widening gap of income inequality.

Robert Scoble / Flickr - Creative Commons

Amazon’s recent announcement to establish a new headquarters in North America has ignited a frenzy of proposals from various cities. 

construction continues on three large, glass-covered domes as part of an expansion of the Amazon.com campus in downtown Seattle.
Elaine Thompson / AP

North Carolina's economic development community is mounting efforts to lure Amazon's new HQ2 facility to the state. The project could provide 50,000 jobs over 15 years.

Infosys plans to hire 2,000 workers within four years in North Carolina, the second of four planned expansion sites in the U.S. intended to create 10,000 jobs.
Infosys

An India-based consulting firm plans to establish one of four American tech hubs in the Brier Creek area of Raleigh. Infosys announced it plans to create 2,000 new jobs over the next five years.

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