Business & Economy

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.

Doctor checks on baby at hosptial
Slava / Flickr - Creative Commons - https://flic.kr/p/8mh8fz

Hospital executives announced last week that the state’s largest hospital system, Carolinas Healthcare, would combine with UNC Health. They called the nearly $14 billion move “a marriage, not a merger.” 

Female barista at espresso machine
Wikimedia Commons

Millennials have a reputation for being overeducated and undermotivated when it comes to working and saving money. But a forthcoming report from the left-leaning North Carolina Justice Center explains that millennials face pressures previous generations were not subject to, and that state and national policies compound their difficulties in building wealth and finding good jobs. 

patrons at self checkout
Wikipedia Commons

The balance of people and machines in the workplace is shifting. 

a sign showing gas prices
Shawn Honnick / flickr, Creative Commons, https://flic.kr/p/sXP1h

Flooding from Hurricane Harvey has had a devastating impact on residents along the Texas Gulf Coast. It's also had an economic impact, shutting down some oil refineries and interrupting transportation. And that means higher gas prices here in North Carolina.

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

The Bonner Bridge replacement project is on track to finish by November 2018.

A family takes a stroll on the Reedy Creek Trail at William B. Umstead State Park.
Courtesy of North Carolina State Parks

Domestic tourism brought in a record $22.9 billion dollars to North Carolina last year. That's despite Hurricane Matthew and boycotts over House Bill 2, the so-called bathroom bill, contributing to a drop in the actual number of visitors to the state.

Line of women stand in graduation gowns.
Naomi Prioleau / WUNC

Nearly 20 percent of residents in Greensboro live in poverty, according to the U.S. Census Bureau. A new series by WUNC reporter Naomi Prioleau examines the specific barriers these individuals face as they try to change their economic future.

Partial solar eclipse
T. Ruen / NASA Goddard via Twitter

Small towns in western North Carolina are preparing for an influx of thousands of tourists for next week's eclipse. 

Communities like Franklin, Sylva and Cashiers could get a record number of visitors when the eclipse happens next Monday.  Highlands, N.C. mayor Patrick Taylor's town is in the path of the total eclipse. He said authorities are expecting nearby Highway 441 to be jammed all day.

A picture of a sale sign in front of a home.
myguysmoving.com / Flickr, Creative Commons

Real estate agent Jessica Wood opens the door to an apartment in the Cotton Mill condo development and leads a prospective tenant inside.

Cindy Whitehead
Jennifer Robertson

Cindy Whitehead pursued a career in pharmaceuticals to help solve real problems that were affecting people’s health. She was especially outraged by what she perceived as sexism at the Food and Drug Administration after it rejected a new drug named Addyi that would treat low sexual desire in women. 

One of Progress Energy's solar energy farms.
Duke Energy / Progress Energy

Duke Energy is preparing for a drastic loss of solar energy during the eclipse later this month.

Blue Cross and Blue Shield of North Carolina headquarters in Durham.
BCBSNC

North Carolina's largest health insurance company said Wednesday it doesn't need a 22.9 percent price increase after all for individual policies it will sell next year through the Affordable Care Act and is cutting its request to an average 14.1 percent instead.

Jason Heilig stands in the doorway of Rodanthe Surf Shop on Hatteras Island, which he owns. He normally counts on the busy season for a big chunk of annual revenue.
Jason deBruyn / WUNC

Jason Heilig stood in the doorway of Rodanthe Surf Shop on Hatteras Island on Monday.

No customers picked through the board shorts or tried on sunglasses. The trailer of surfboard rentals sat filled to the top. For a normal midday in late July, Heilig would like to see those reversed: an empty trailer and full shop.

Courtesy of the Raleigh-Durham Airport Authority

Customer satisfaction at Raleigh-Durham International Airport is on the rise, according to the airport’s latest survey. That comes as the airport is also experiencing record traffic. Ninety-nine percent of customers rated the airport as a 4 or 5 on a five-point scale. 

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

The Raleigh housing market continues at a white hot pace, driven partly by institutional investors. Real estate analysts with Attom Data Solutions crunched the numbers, and they noticed an interesting trend.

 

The phone rings for the the fourth or fifth time in so many minutes inside a soul food joint in Durham, North Carolina. The place looks more like an accountant’s office than a restaurant.

“Chicken Hut,” answers matriarch Peggy Tapp. “Yes ma’am, we are.”

The Chicken Hut has opened and closed locations and faced family tragedies. The city even built a freeway through it. But they serve the same chicken they have been dishing up since they opened in the 1950s.

Duke Energy's coal-burning plant and the adjacent coal ash ponds by the Dan River.
Riverkeeper Foundation

Duke Energy Corp. is giving notice it plans to seek electricity rate increases for another 2 million North Carolina customers.

City of Durham flag
Tim Bounds / Flickr, Creative Commons, https://flic.kr/p/TctYiN

Entrepreneurs with ideas to improve city government can test their innovations through a new effort in Durham.

The Chesterfield in downtown Durham's Brightleaf District will become a medical research building.
Jason deBruyn / WUNC

From tobacco to medicine.

One of downtown Durham's last remaining empty buildings will open for business again, and it's attracting medical research this time around.

Durham, Affordable Housing, Housing for New Hope
Leoneda Inge / WUNC

It is not as easy to find a place to live in the city of Durham as it used to be just a few years ago. The “Bull City” has made its share of “best places to live” lists, thanks to population growth, a booming economy and a transformed downtown.

Construction worker.
Naoya Fujii / Flickr - Creative Commons

Nationally the number of people employed in middle-wage jobs rose by 6 percent between 2001 and 2015. But the numbers in North Carolina went in the other direction. 

Eddie Wise on the day of his eviction from his family farm.
Courtesy John Biewen

Eddie Wise comes from a family of farmers who worked the land for three generations. He and his wife Dorothy had dreams of raising animals together, so they decided to start their own farm near Whitakers, North Carolina. 

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

India-based information technology outsourcing company 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.

Barak Richman
Barak Richman

New York City’s Fifth and Sixth Avenues are home to some of the world’s biggest, richest retailers and financial giants. But on a stretch of 47th Street that connects these two thoroughfares, an ancient barter economy for diamonds still holds sway. The diamond industry is built on family relationships and ethnic networks, and it operates independent of modern legal and financial institutions.

Image of scholar William (Sandy) Darity
Duke University Sanford School School of Public Policy

Why are some people rich and others poor? Answering this elusive question has been the lifelong work of economist William (Sandy) Darity. Darity was an observant child, and from an early age he picked up on how wealth disparities divide communities. 

Photo of Tom Barrack, real estate mogul
Evan Vucci / Associated Press

Thomas Barrack is a real estate mogul and President Donald Trump’s good friend. He built a housing empire by swooping in and purchasing foreclosed homes during the recession.

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