Business & Economy

Streetlamps
6:29 pm
Fri January 24, 2014

Um, Why Is Cary Getting 8,000 New Streetlamps Again?

The difference between high-pressure sodium lights (left) and LED lights (right)
Credit cree.com

Those 8,000 new street lamps will save money, and are a green choice.

The Town of Cary has announced a partnership with Duke Energy Progress to switch out most of its high-pressure sodium streetlamps (the yellow kind) with LED lamps (the white kind).

LEDs are more easily directed in a specific direction and also more energy efficient. So not only can the town do a better job of putting the light on the road (as opposed to spilling off into the neighboring areas), they'll also save an estimated $200,000 a year.

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Housing Projects
7:56 am
Fri January 24, 2014

Raleigh Housing Authority Wants To Remove Units From Public Housing Model

Raleigh officials have agreed to request federal approval to remove a housing project from the public housing model. It would allow renters not receiving assistance to help subsidize the property.
Credit City of Raleigh

Federal budget cuts are influencing changes to subsidized housing in Raleigh.

This week, the City Council approved a Raleigh Housing Authority plan that would change the units in the Capitol Park projects away from the public housing model. Housing Authority Director Steve Beam says he's now waiting for the US Department of Housing and Urban Development to weigh in:

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The State of Things
11:47 am
Wed January 22, 2014

North Carolina's Innovation Economy Has A Long Way To Go

NC Department of Commerce
Credit NC Department of Commerce

John Hardin, executive director of the Office of Science & Technology, dicusses a report on North Carolina's Innovation Economy

  

  A new Report by the North Carolina Department of Commerce's Office of Science & Technology  shows the state is a leader in innovation, but it also points out the many ways in which we need to improve. 

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Business & Economy
5:00 am
Sun January 19, 2014

Direct Flights To DC Just Got Harder From Eastern NC

American Airlines plane design after merger with US Airways.
Credit American Airlines

The American Airlines, US Airways merger is being felt in eastern North Carolina.

Airports in Fayetteville, Jacksonville and Wilmington are losing their non-stop flights to Reagan National Airport in Washington, DC.

There used to be two daily flights to DC from Wilmington International Airport or I-L-M.  John Rosborough is the airport director:

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Business & Economy
7:50 am
Tue January 14, 2014

Wake County Landfill Buys 10 More Years

The amount of garbage going into the Wake County land fill has shrunk over the last four years.
Credit N.C. Division of Waste Management

The amount of garbage headed to the Wake County has dropped significantly in the past few years.

In 2009, the county buried 460,000 tons of garbage. That dropped to 400,000 last year.

Wake County Solid Waste Manager John Roberson says a number of factors impacted the reduction in waste going to the landfill: People bought and threw out less during the recession, recycling options improved, and commercial waste businesses disposed of garbage elsewhere.

Roberson says his division saw a $2 million drop in revenue over the past four years.

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Sexually-Oriented Stores
7:42 am
Thu January 9, 2014

Greensboro City Council Agrees: Walgreens Is Not A Sex Business

Greensboro City Council, 2014
Credit City of Greensboro

In a unanimous vote, the Greensboro City Council agreed Tuesday that its definition of a sexually-oriented business was too broad.

The problem stems from some businesses not realizing they were sexually-oriented. Spencer's, (the black light infused, sort-of-ironic t-shirt and chain wallet store often found in malls) was cited by the city as violating it's definition of "sexually-oriented." Of course, Spencer's pushed back, arguing that the items in its store that are explicitly for adults can also be found in a drug store.

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Business & Economy
7:38 am
Thu January 9, 2014

Triangle Economic Outlook Continues To Shine In 2014

The jobs picture continues to look bright for the Triangle and other urban areas across North Carolina.
Credit Thinglass / Shutterstock.com

The Economic Outlook for the Triangle continues to outpace the rest of the state.

The combined jobless rate for the Raleigh-Durham-Cary statistical area is 5.5 percent, according to the North Carolina Department of Commerce.  (By comparison, one year ago, the unemployment rate was almost two points higher. )

Here's the breakdown from N.C. State Economist Mike Walden. He expects final numbers will show the following:

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Business & Economy
9:15 pm
Tue January 7, 2014

Veteran CEO Tapped To Lead NC Commerce Privatization Plan

Richard Lindenmuth, new Interim CEO of the Economic Development Partnership of North Carolina
Credit NC Commerce

The state Commerce Department has hired a new leader to re-vamp and privatize economic development across the state.  Richard Lindenmuth is the new Interim CEO of the Economic Development Partnership of North Carolina.

Lindenmuth has served as CEO of more than ten companies, and was president of ITT's Business and Consumer Communications Group in Raleigh.

Commerce Secretary Sharon Decker promised a total re-organization of her department.  So, today, she and Governor Pat McCrory announced their choice for head of the new state partnership.

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Business & Economy
7:48 am
Tue January 7, 2014

North Carolina And The Extended Unemployment Debate

Gov. Pat McCrory says his unemployment policy has contributed to NC's economic recovery.
Credit Governor's Office

North Carolina lawmakers, business leaders and economists are touting a positive economic outlook for 2014.

Governor Pat McCrory gives a lot of credit for the state’s economic comeback to his administration’s overhaul of unemployment policy. 

In Washington, lawmakers continue to debate whether to approve a federal unemployment extension for more than one million jobless workers.  It’s an extension many in North Carolina had to do without several months ago.

During a speech in Research Triangle Park, McCrory said he likes what he sees.

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Business & Economy
5:00 am
Mon January 6, 2014

Annual Economic Forecast Forum In RTP Looks At Financial Future Of NC

Sen. Richard Burr is one of the scheduled speakers at the 12th Annual Economic Forecast Forum.
Credit US Senate

More than 1,000 leaders in business, government, education and non-profits are gathering this morning in Research Triangle Park for the 12th annual Economic Forecast Forum.

This year’s speakers will include Kelly King, the head of BB&T; Senator Richard Burr and Governor Pat McCrory.

The North Carolina Chamber is one of the event’s program sponsors. Chamber President and CEO Lew Ebert says the year ahead looks bright.

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