Business & Economy

The Great Recession hobbled the U.S. economy and crushed many businesses, but some companies thrived, including the so-called "dollar" stores.

Shoppers flocked to them because you could buy a lot with not much money. And as the economy rebounds, people are still going to some. But one chain, Family Dollar, hasn't kept pace with its competitors.

a handshake
danyrolux via Flickr/Creative Commons

State leaders in economic development circles are gathering Thursday for the grand opening of the new Economic Development Partnership offices in Cary.

The new Economic Development Partnership of North Carolina is basically a new privatized business recruitment agency.

About 34 people in sales and marketing, along with travel and tourism moved from the state Commerce Department to the new partnership.  They worked in sales and marketing, international trade, film and tourism.

The Oakwood Inn Bed and Breakfast in downtown Raleigh
Jorge Valencia

Raleigh council members are continuing to debate how to manage the growing number of homes whose owners are listing on sites such as airbnb.com for short term rentals.
 

In a report he presented at a council meeting Tuesday, Raleigh Planning Director Travis Crane said the rental listings could represent additional income for property owners and the city, but can generate additional traffic and a parking crunch in residential areas.

Pisgah View Association President Iindia Pearson and Hillcrest resident Olufemi Lewis talk to members of a new group advocating for the interests of public housing residents in Asheville, which has the largest public housing agency in Western NC.
Matt Rose/Carolina Public Press

  

Public housing residents in Asheville are raising concerns with the city's housing authority because of a recent rise in evictions. 

Marbles Kids Museum
the museum

It's getting crowded at Marbles Kids Museum in downtown Raleigh.

Sally Edwards is president of the private not-for-profit. She says the museum built to accommodate 175,000 visitors a year, but now hosts 450,000.

“There are days that there are more people at the museum playing than the museum was designed to accommodate. So we really look forward to the opportunity to identify ways where we can expand, so the visitors who want to come and play and learn at Marbles have more room to spread out while they're here.”

NACo Tracker
www.naco.org

A new report shows counties across the US and the state have shown economic progress, but recovery is sluggish.

The National Association of Counties’ interactive map shows economic recovery state by state and county by county.

Only about 20 of North Carolina’s 100 counties have somewhat recovered since the recession.

NC State Economist Mike Walden says it’s no surprise counties like Wake, Durham and Mecklenburg are on the list.

A picture of a pack of Newport cigarettes.
Officer / Wikipedia

Reynolds American and the Lorillard Tobacco Company are expected to approve a $27.4 billion buyout at shareholders' meetings later this month. The move is part of a new generation of smoking where rolled cigarettes are giving way to e-cigarettes, raising the question of whether tobacco will actually be a part of Tobacco Road in the future. Host Frank Stasio talks with Richard Craver, reporter for the Winston-Salem Journal, and Andrew Brod, economics professor at UNC-Greensboro, about the evolution of the tobacco industry in North Carolina.

Unemployment Rate
NC Commerce

The North Carolina legislature is back in session this week.  The Republican-led body is touting a strong economy and an unemployment rate that hasn’t been this low since the start of the Great Recession.

So, bust out the Moscato! The unemployment rate in North Carolina is 5.8 percent.  Governor Pat McCrory says it hasn’t been that low since 2008.

DPS Custodians
Leoneda Inge

Dozens of Durham Public Schools custodial workers rallied outside school district offices Friday, hoping they’ll get their back wages soon. Workers carried signs reading, "DPS, Clean This Up!"

More than 140 custodians at big schools like Jordan and Hillside High Schools are still due two paychecks that were supposed to come before the holidays.

Durham Public Schools contracts out custodial services.  But when sub-contractor, Integrity Facilities Management filed for bankruptcy, workers were not paid.  

resume and glasses
Flazingo Photos / Flickr/Creative Commons

The state Commerce Department is behind a major jump in the number of weekly job searches claimants must have to collect benefits.

Dale Folwell is Assistant Commerce Secretary for Employment Security and he supports increasing weekly documented job searches from two to five.

“So we think this will increase the velocity of people getting off the unemployment rolls and looking for work," said Folwell.

Folwell says the current system was confusing for some people.  He says his office decided to cut the confusion and add searches at the same time.

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