Business & Economy

Business & Economy
9:36 am
Wed October 15, 2014

Affordable Housing In NC Is Scarce, Here's Why

Affordable housing options are becoming scarce in North Carolina
Credit capl_@_washjeff.edu / Creative Commons

North Carolina has better houses and apartments for sale or rent than in recent years. But Bob Kucab says with that rise in quality, affordability has become a problem. He directs the North Carolina Housing Finance Agency.

“And the biggest culprit is quite simply that housing costs have risen faster than incomes for most families over the past 10 years,” Kucab says.

Now, developers, real estate agents, lenders and agencies are gathering to share potential solutions.

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Business & Economy
8:28 am
Wed October 15, 2014

Hispanic Entrepreneurs Diversify Business Options

The NC Annual Hispanic Market Advantage Conference meets every October during Hispanic Heritage Month.
Credit Fusion Multicultural Marketing

Hispanic entrepreneurs and other business and community leaders are in Durham today for the Annual Hispanic Market Advantage Conference.

Iris Ramirez Reese is the CEO of Fusion Multicultural Marketing and Communications and she helped organize the conference.

Reese says there were a lot of haters when she first got started.

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Business & Economy
7:16 am
Sat October 11, 2014

Female Entrepreneurs Take Center Stage In Raleigh

Triangle Start-up Weekend focuses on Women. It takes place at HQ Raleigh.
Credit Triangle Startup Weekend

Triangle Start-up Weekend is underway in Raleigh, and the focus is on women.

Eleanor Ismail will be there.  She's President and Co-Founder of Aura Life, a company that’s developing natural remedies for yeast infections.  She has this start-up advice.

“Just go with boldness, have courage, be open-minded, be a team player and just have fun," said Ismail.

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Business & Economy
9:52 pm
Mon October 6, 2014

State Commerce Workers Shift To Private Economic Development Partnership

The Economic Development Partnership of NC is expected to bring more business, and jobs, to the state.
Credit NC Commerce

The state’s new Economic Development office is officially open and several employees have walked over from the Commerce Department.

About 34 people moved from Commerce to the Economic Development Partnership of North Carolina, located on Weston Parkway in Cary.  The new non-profit partnership essentially privatizes some of the Commerce Department’s duties.  John Lassiter chairs the board.

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Business & Economy
5:47 pm
Mon October 6, 2014

Just What Does A NC Five-Star Chef Do When He's Between Gigs? Cook!

Chef Scott Crawford in his home kitchen.
Credit Carol Jackson

Recently I spent much of the day with Scott Crawford. Crawford used to be executive chef at the Umstead Hotel & Spa and their five star restaurant Herons, a place Newsweek called one of the "101 best places to eat in the world."

Crawford has a bit of free time because he's left the world of high-pressure fine dining to try something new. He is staking his future on a new restaurant, Standard Foods, and its proximity to an urban farm.

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Business & Economy
2:04 pm
Mon October 6, 2014

NC Commercial Fishing Stopped At Peak Season, Here's Why

Several areas along the North Carolina coast have been closed to commercial fishing because of recent interactions with sea turtles.
Credit Pedro Ramirez, Jr. / U.S. Fish and Wildlife Service

It's the height of commercial flounder season along the North Carolina Coast, but gillnet fishing boats have been banned from heading out. That's because a large number of sea turtles are still swimming in those areas.

The North Carolina Division of Marine Fisheries has temporarily closed areas in four Northeastern sounds and southern coastal waters to the fisheries. The agency was uncomfortable with the number of interactions fishing boats were having with endangered sea turtles since September.

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Business & Economy
1:20 pm
Fri October 3, 2014

State Agrees To Sell Dix Campus And Pay $1 A Year For Rent Indefinitely

Negotiations continue for the state's sale of the defunct Dorthea Dix Hospital Campus to the City of Raleigh.
Credit Dave DeWitt

The state has released new documents about negotiations to sell the Dorothea Dix Hospital Campus to Raleigh. While an agreement looks close the two parties still haven't settled all the terms.

The state and the city both agree that $52 million is a fair price for the 308-acre property.

The problem is that Raleigh wants to buy the land outright, and build a destination park there. But the North Carolina Department of Health and Human Services campus is on the property, and the state doesn't plan to move it.

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Business & Economy
8:44 am
Thu October 2, 2014

'Innovation District' Could Bring 1 Million Square Feet Of New Office Space To Durham

Adam Sichol and Jamison Peschel are Managing Partners with Longfellow Real Estate Partners, developers of 'Durham ID.'
Credit Leoneda Inge

Downtown Durham has undergone a major transformation over the past decade.  And economic development projects are not slowing down with new hotels, office space and housing under construction.

Yesterday, community stakeholders came together to announce the latest big project.  It’s called the Durham Innovation District or "Durham ID," for short.

The Durham Innovation District or Durham ID will stretch from North Duke Street all the way to the Durham Farmer’s Market when it’s all finished. 

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Business & Economy
9:25 am
Wed October 1, 2014

High Rock Salt Costs Hit Raleigh In The Budget Before Winter

NCDOT replenished its road salt stores after a series of ice storms last winter. But this season's higher prices are making it hard for Raleigh to do the same.
Credit NC DOT

Communities across the country are trying to replenish their stores of road salt. But, after the past harsh winter, the price of rock salt is climbing drastically.

Chris McGee is Raleigh's Transportation Field Services Manager. He says the city uses about 1,500 tons in a typical winter. But McGee said they used more than 4,000 tons this time around. Also, their cheaper purchasing contract just ended.

Raleigh recently signed a three-year contract that is 25 percent more expensive than the last one. McGee said they're buying enough salt for a typical winter right now.

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Business & Economy
7:43 am
Fri September 26, 2014

Start Counting: 1,000 Businesses In 100 Counties In 100 Days

Gov. McCrory and mostly workforce development teams will visit 1000 businesses.
Credit Dave DeWitt

The governor and his workforce development team are keeping busy until it’s time for the legislature to meet again.  They are visiting 1,000 businesses in 100 days in all 100 counties.

It’s being described as a fact-finding tour.   State Commerce Secretary Sharon Decker is taking part in the tour that is part of NCWorks.

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