Business & Economy

Business & Economy
8:08 am
Thu October 30, 2014

Rural North Carolina Comes to Raleigh

Patrick Woodie is the new President of the NC Rural Center.
Credit NC Rural Center

The North Carolina Rural Center is holding its 2014 Rural Assembly today in Raleigh.  It’s been two years since the last gathering.

2013 was not a good year for The Rural Center.  The non-profit was issued a scathing audit and its longtime leader Billy Ray Hall was forced to retire.

Patrick Woodie is the newly named president. 

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Business & Economy
7:23 am
Wed October 29, 2014

Obstacles Slow Raleigh-to-Richmond Rail Line Plans

Credit Durham Trails and Greenways 2011 Master Plan

Lawmakers are considering an incremental plan to build faster rail lines between Raleigh and Richmond. While officials in North Carolina and Virginia had hoped a high-speed rail might be feasible between the two capitals, funding obstacles remain in the way.

One major  challenge is creating grade separation, keeping tracks from crossing existing roads. The basic tracks that cross over regular roads are limiting.

"You never reach a higher speed than 79 mph," said North Carolina Rep. Bill Brawlyer, who co-chairs the commission working on the rail project.

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Business & Economy
5:14 pm
Tue October 28, 2014

NC Farmer's Secret To Success: Organic Tobacco, Collards On The Side

Stanley Hughes grows organic tobacco at Pine Knot Farms in Hurdle Mills, NC.
Credit Leoneda Inge

The federal tobacco buyout program has officially ended.  The last of the tobacco buyout checks are being distributed this month.

The program, officially known as the Tobacco Transition Payment Program (TTPP),  was started to help farmers transition from the Depression-era quota system to the free market. 

North Carolina has fared pretty well during the transition:

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Business & Economy
8:46 am
Fri October 24, 2014

Wake Forest University Bids Farewell To The Traditional MBA Program

Charles Iacovou is Dean of the Business School at Wake Forest University.

Wake Forest University’s business school is ending its traditional full-time MBA program.

Controversial?  Practical?  Charles Iacovou is Dean of the Wake Forest Business School.

“It was about time and it was the right time," said Iacovou.

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Business & Economy
8:42 am
Wed October 22, 2014

State Jobless Rate Dips, But Has Mixed Reviews

NC's September 2014 jobless rate dipped from 6.8% to 6.7%.
Credit NC Commerce

North Carolina’s unemployment rate edged downward in September.  But some still call the latest jobless report “mixed.”

The state’s jobless rate sits at 6.7 percent, down one-tenth of a percentage point from the month before.

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The State of Things
12:00 pm
Tue October 21, 2014

How North Carolina Fits Into 'The State Of The South'

Durham, NC
Credit James Willamor / Flickr Creative Commons


Like residents of other regions, individuals in the South face economic disparities like a widening gender gap, income inequality, and higher rates of unemployment among young adults.

But in the South, it is also more difficult for those young people to move up the economic ladder than in any other region.

And a report released today by Durham research firm MDC ties many of those disparities to limited access to employment programs and higher education.

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Business & Economy
8:49 am
Mon October 20, 2014

NC Insurance Dept. To Consider 25 Percent Rate Increase

The agency representing residential insurance companies will make the case today for why they should be allowed to raise premiums an average of 25 percent.
Credit Gray Watson / Wikipedia

Residential insurance companies want to raise their premium rates by an average of 25 percent. The N.C. Department of Insurance will hold a public hearing on the issue today.

It will be up to Insurance Commissioner Wayne Goodwin to decide whether a rate increase is excessive, inadequate or unfairly discriminatory.

The North Carolina Rate Bureau represents all 150 residential insurance companies in the state. Last year the Department of Insurance and the Rate Bureau agreed to the rates rather than going to a hearing.

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Business & Economy
2:08 pm
Fri October 17, 2014

NC State Fair: Guns, Ride Safety And 3 Other Things You Might Want To Know

NC State Fair
Credit Wendy via Flickr/Creative Commons

It's time for the North Carolina State Fair  again.  The 11-day festivities kicked off in Raleigh Thursday, but the fair has been in the headlines a lot these past months. 

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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 / 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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