Business & Economy

A house for sale in Stokes County, N.C.
Images of Money via Flickr

North Carolina homeownership rates increased noticeably in 2016, the first year since the Great Recession to show a significant upward trend.

What remains to be seen, however, is whether this uptick will hold.

GlaxoSmithKline
www.gsk.com

North Carolina entrepreneurs raised more than $800 million in funding deals last year, the second-highest annual total since CED began tracking investment funding.

Figures were released by the Council for Entrepreneurial Development, which tracks business investments flowing into North Carolina.

A drawing of a neighborhood surrounding a light rail station.
Gateway Planning / GoTriangle

Transit consultants are hosting six public meetings in Chapel Hill starting next week to discuss possible development around stations along the proposed Durham-Orange Light Rail Transit line, which would run along U.S. 15-501.

buildings in a downtown area
Kristopha Hohn / flickr, Creative Commons

Triangle entrepreneurs are more optimistic about hiring, sales and spending than they were last quarter, according to the Quarterly Outlook of Triangle Entrepreneurs from the N.C. State Entrepreneurship Clinic.

House Under Construction
Dave DeWitt / WUNC

Workplace fatalities in North Carolina hit a six-year high, according to preliminary data released by the N.C. Department of Labor.

Manufacturing, Textiles, Cotton, American Giant
Leoneda Inge / WUNC

Part of President Donald Trump’s appeal is his pledge to bring jobs back to America. There’s a San Francisco apparel manufacturer who has tried his luck both ways – manufacturing abroad and in the US. Today, American Giant has found success in making sure every inch of its casual line of clothing is made in America. And that means it's also made in the Carolinas.

Simon & Schuster

Each new year brings with it resolutions and to-do lists. They are easy enough to make, but how do we stay motivated to actually do them? It is a topic behavioral economist Dan Ariely tackles in his new book, "Payoff: The Hidden Logic That Shapes Our Motivations" (Ted Books/2016). Ariely is the author of bestselling books about behavioral economics, a Duke professor, and the founder and director of the Center for Advanced Hindsight in Durham. 

Steve Malik, owner of North Carolina FC, unveils the team's rebranded logo.
Jason deBruyn / WUNC

The newly renamed North Carolina F.C. will face stiff competition to join Major League Soccer.

Owner Steve Malik bought the team a little more than a year ago, when it was still named the Carolina RailHawks. He quickly set his sights on making a bid to move from the North American Soccer League, a minor league soccer league, to the MLS, the highest professional soccer level in the United States.

Women and Work, Dress for Success
Leoneda Inge

A Triangle organization that prides itself with getting women back to work is celebrating its 10,000th client.

An image of Duke Campus
Duke University

Following the election of Donald Trump, chief financial officers in the United States reported their highest levels of optimism in nearly a decade.

Those levels of optimism were related in particular to regulatory and tax reform, two issues always high on the list of business concerns.

Credit cards
Lotus Head / commons.wikimedia.org/wiki/File:Credit-cards.jpg

People who rush to make holiday travel plans risk falling victim to scammers, according to officials with the Better Business Bureau.

Toby was one of many 'learned pigs' that spelled words and solved math problems onstage in England and America in the 18th and 19th centuries.
Basic Books

Pigs are a beloved part of North Carolina culture and vital to the state’s economy, but internationally their reputation is more divisive.

Total employment by month in North Carolina since January.
Jason deBruyn / N.C. Department of Commerce

North Carolina turned in a mostly positive unemployment report for November as both estimates of employment showed positive gains for the month.

While the unemployment rate ticked up slightly to 5 percent – the highest since May – that increase is due to an increase in people joining the labor force, not because the economy is shrinking.

stack of money
Flickr user 401(K)2013

North Carolina's economy will grow another two percent next year - on par with growth in 2016, according to a UNC Charlotte economic forecast.

FilterEasy delivers home and business air filters through the mail
FilterEasy

The U.S. Environmental Protection Agency recommends home and business owners replace their air filters once per quarter, and in some cases as often as once per month. A Raleigh startup founded by two N.C. State University students hopes that most people would rather not try to remember that on their own.

John Dombrosky, CEO of Research Triangle Park-based AgTech Accelerator
AgTech Accelerator

A new Research Triangle Park group is making hay in the world of agriculture biotechnology investing.

Called the AgTech Accelerator, the group is led by industry veteran John Dombrosky and will now shift from fundraising to finding quality companies to invest in, and finding strong management teams to lead those companies.

Fraser Fir Christmas tree production in western North Carolina
Dr. David Lindbo of the Department of Soil Science at NC State University / Wikipedia

Wildfires and a prolonged drought appear to have spared North Carolina's Christmas tree farms this year. The state is a top producer of the holiday staple nationally.

A picture of wrapped holiday gifts.
Queen Bee of Beverly Hills / flickr.com/photos/queenbeebh/8179594700

Retail spending is expected to jump this winter, and residents of Cary can afford the seventh-highest holiday spending budgets in the country. That's according to a report from the financial web site WalletHub. Their calculations say the average Cary resident can spend $1,948 dollars per person.

Ghassan's, a quick service Mediterranean restaurant  in Greensboro.
Jeff Tiberii / WUNC

It's lunchtime at Ghassan's, a quick service Mediterranean restaurant  in Greensboro. Meat hits the grill,  fries drop into hot oil and ice collects in paper cups. The local restaurant chain specializes in chicken kabobs, falafel, tabouli, hummus – all the tasty Lebanese staples. One restaurant is just a block away from the Greensboro Coliseum.

So Good Pupusas

Chefs, writers, scholars and restaurateurs will gather over the next two days for the first annual Carolina Food Summit. By building community around food, they hope to change food policy. Host Frank Stasio speaks with Shorlette Ammons, community food systems outreach coordinator at NC A&T University; Inez Ribustello, co-owner of On the Square restaurant in Tarboro; and Cecilia Polanco of So Good Pupusas about the summit and their work in rural foodways and social justice.

Textiles
Wikimedia commons

 

Last night, presidential hopefuls Donald Trump and Hillary Clinton traded barbs about many subjects including America's economic strength. Economic stability is a key issue in the election and also in the lives of many Americans. 

As part of the NPR Nation Engaged project, host Frank Stasio asks, “What can we do to create economic opportunity for more Americans?” One possible solution is worker-owned businesses.

Chart shows the pattern of total employment in North Carolina
N.C. Department of Commerce / N.C. Department of Commerce

The estimated number of people employed in North Carolina decreased in August, marking the third straight month of decline.

The unemployment rate decreased as well, though that was due entirely to a decline in the labor force, a measure of all those in the state who are working or looking for work. Because the entire pool of those looking for work statistically shrank, so did the unemployment rate.

Gas prices are up in North Carolina as supply is dwindling.
Jess Clark / WUNC

Gasoline prices are up across North Carolina, and some stations are running out of fuel.

Colonial Pipeline shut down the line that pumps a million barrels of gas a day to North Carolina and five other Southern states. That's because of a leak that was discovered along the Alabama stretch on September 9.

Composite photo of Hillary Clinton and Donald Trump.
U.S. Embassy and Gage Skidmore / flickr

This year, political uncertainty could dampen business investment even after the outcome of the election isn’t uncertain.

A picture of a wallet with cash in it.
401(k) 2013 / Flickr

As a whole, median household incomes in North Carolina increased at a pace slower than the national average and middle of the pack compared to southern neighbors.

Jordan Green

Residents at the Rolling Hills apartment complex in Winston-Salem have alleged Section 8 housing fraud by management. They have been making complaints of housing code violations for months.

Host Frank Stasio speaks with Jordan Green, senior editor at The Triad City Beat, about the Rolling Hills story and larger issues of gentrification in east Winston-Salem.   

 

Am image of a drone capturing videos and still images of an apartment building in Philadelphia.
Matt Rourke / AP Photo

Last week, the Raleigh-based company PrecisionHawk became the first company to acquire a waiver from the Federal Aviation Administration that allows pilots to fly commercial drones beyond the line-of-sight.

  PrecisionHawk uses drones for aerial data analysis in industries like agriculture. The F.A.A. waiver is an extension of new federal regulations that will allow more companies to use drones for commercial use. 

UK International Trade Secretary Liam Fox
flickr.com/photos/number10gov/27817229713

LGBT advocates are criticizing the United Kingdom's decision to open a new trade office in the Triangle.

Raleigh To Get First Downtown Supermarket In Decades

Jul 29, 2016
Kroger announced it is buying Harris Teeter.
Mike Kalasnik via Flickr, Creative Commons

As Raleigh's housing boom continues, the downtown area is set to get its first grocery store in decades.

The company that manages Seaboard Station, a shopping center off Peace Street, announced plans to add a full-service Harris Teeter in the next two years.

An image of a CSX train
Flickr upload bot / Wiki Creative Commons

A controversial rail hub appears to have found a home in eastern North Carolina.

 

CSX first proposed building the container shipping hub in Johnston County earlier this year, but local opposition forced that project to be moved elsewhere.

Pages