Business & Economy

Business & Economy
8:18 pm
Wed August 24, 2011

Out of Work State Employees

The roster of laid-off State Employees continues to grow.   A new center has opened to specifically help them get back on their feet.

Margaret Jordan is spokeswoman for the Office of State Personnel.  She says this is the first time the state has needed to open its own Career Transition Center.

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Business & Economy
5:45 am
Tue August 23, 2011

NC Agriculture Top Industry

North Carolina agriculture continues to grow – despite the down economy.

N-C State Agriculture Economist Mike Walden told Agri-business leaders today in R-T-P – the state’s Ag Industry generates nearly 70-billion dollars for North Carolina’s economy.

Business & Economy
1:22 pm
Fri August 19, 2011

Marketing in the New Retail Industry

Marketing professionals are helping launch a program at Wake Forest University designed to explore new ways to appeal to consumers. The school says it's partnering with marketing companies to teach students how the retail industry is changing. The project's executive director Roger Beahm says online purchases are increasing, which changes the way manufacturers have to present their products.

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Business & Economy
5:30 pm
Thu August 18, 2011

Cree Acquires LED-Making Competitor

Cree's LED streetlights on Franklin St. in Chapel Hill
Credit cree.com

Durham-based LED light maker Cree is acquiring one of its competitors. The company announced it's buying Wisconsin-based Ruud Lighting for around $525 million. Commercial industries have been moving towards L-E-D lighting because it uses less energy and is less costly to maintain. Cree spokeswoman Michelle Murray says Ruud's experience selling outdoor lighting will complement Cree's lineup of indoor lighting fixtures.

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Business & Economy
2:10 pm
Thu August 18, 2011

DOT Evaluating NC Ports

The state Department of Transportation says it's considering ways to improve activity at North Carolina's ports. The agency is conducting a study it says is designed to explore options for expansion. The Ports Authority proposed building an international port near Southport in 2006. Opponents citing environmental concerns fear the state will use the study to justify building the mega-port. DOT spokeswoman Greer Beaty says the agency will consider every proposal.

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Business & Economy
7:20 pm
Wed August 17, 2011

Regional Outlook for Durham Area Counties

Community leaders in Durham, Orange, Chatham and Person counties are meeting tomorrow to get an idea of what the future holds in business, education and other sectors.

The regions in North Carolina weathering the economic storm the best these days are the Charlotte region and the counties surrounding Raleigh.  Mark Vitner is the chief economist for Wells Fargo.  He says just like the nation, the North Carolina economy is stuck in a slow-growth mode.

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Business & Economy
10:00 am
Fri August 12, 2011

MCNC Spreads Broadband to Rural Areas

Federal and state leaders are celebrating the second phase of a major broadband initiative across North Carolina.

Today’s virtual ground-breaking will take place in four corners of the state – including the Elizabeth City State University campus and the North Carolina Research Campus in Kannapolis.  Joe Freddoso is president and C-E-O of M-C-N-C.  He says the independent, non-profit has been funded to build more than15-hundred miles of broadband infrastructure – statewide.

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Business & Economy
6:00 am
Mon August 8, 2011

NC Construction Sluggish

Galloway Ridge retirement facility is undergoing a $102 million dollar expansion.
Credit Leoneda Inge

A good, long-term construction job is still hard to come by in North Carolina.   That wasn’t the case just a few years ago when the industry was growing as fast as the state’s population. Today – a lot of the projects in motion are moving ahead with bond money or private funding approved before the economic downturn.  One construction site that has put many people back to work is in Chatham County.

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Business & Economy
9:00 am
Thu July 28, 2011

Kelly Services Looks for Talent

Many companies are still slow to bring back workers during the down economy.   But staffing agencies are busier than ever.

One of the largest staffing agencies in the country is Kelly Services.   And today they’re hosting a job fair at the McKimmon Center at N-C State.


Andrew Crawford is the North Carolina territory Vice President for Kelly Services.  He says over the last couple of years they didn’t need to have many job fairs because of the high number of job candidates.

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Business & Economy
5:45 am
Mon July 25, 2011

Honda Wants Incentives to Expand in Triad

Local officials in Greensboro are considering more than a million dollars in incentives for Honda Aircraft to build a service and support center. Honda's offer asks for about $775,000 from Guilford County and $520,000 more from the city of Greensboro. The company opened a headquarters building at Piedmont Triad International Airport four years ago. That facility has about 600 workers. Honda tells county commissioners the expansion would add more than 400 jobs over the next five years. Commissioner Kirk Perkins supports the incentives. 

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