Business & Economy

Business & Economy
2:02 pm
Mon April 4, 2011

DOT Ferry Tolls Proposal Draws Ire on OBX

Ferry terminal on Ocracoke Island
Credit ncdot.org

Some of the budget cuts under consideration by state lawmakers could lead to increased tolls for ferry services on the Outer Banks. The state Department of Transportation has come up with budget options for the state Ferry Division. One proposal would charge a 10-dollar toll for ferry services that are currently free, and double the price of other ferries. Residents of Ocracoke Island aren't happy with that idea.

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Business & Economy
6:00 am
Thu March 31, 2011

Garner Loses Slim Jim And 600 Jobs With It

Slim Jim
Credit Wikimedia Commons

The town of Garner in Wake County is preparing to lose its largest employer, ConAgra Foods.  The company employed about 600 people in its Slim Jim plant there until the summer of 2009 when a fatal natural gas explosion killed four works and injured 67. But instead of rebuilding the plant where the explosion took place, ConAgra announced last year that it would be cheaper to close its Garner plant and move its operation to Ohio.

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Business & Economy
4:34 pm
Wed March 30, 2011

City Officials Concerned About Broadband Bill

Some city and town officials are crying foul over a bill that would limit their ability to provide high-speed internet to their citizens. North Carolina courts have twice ruled local municipalities have the right to provide broadband service: once for Morganton in the 1980s and again for Laurinburg in the mid 90s. Those towns, along with Wilson and Salisbury offer broadband to its citizens, and Fayetteville is planning to.

Salisbury Assistant City Manager Doug Paris says those court decisions make the argument against municipal broadband a weak one:

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Business & Economy
6:00 am
Thu March 24, 2011

Strawberry Season Looking Good So Far

Credit NC Strawberry Association

The North Carolina Strawberry Association is optimistic about the upcoming season for growers. The weather has been ideal lately and growers are hoping there won’t be extreme temperatures in the coming months.

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Business & Economy
3:10 pm
Wed March 23, 2011

Safer Road Edges

Credit dot.gov

The North Carolina Department of Transportation is trying a new resurfacing technique intended to help drivers who drift off the road. A pilot program is starting Johnston County that uses a piece of paving equipment called the Safety Edge. Crews add a 30 degree angle of asphalt between the surface of a road and the shoulder. Current resurfacing projects leave a vertical drop-off at the edge of roads, which is filled in with loose materials, but can erode over time.

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Business & Economy
6:00 am
Mon March 21, 2011

Food Processing Center Opens Near Wilmington

A food distribution program at UNC-Wilmington is opening a food processing center this week for local farmers. The center will act as a way to deliver locally grown fruits and vegetables to area schools and restaurants. Farmers can store their goods at the center and make a profit from distribution.

Leslie Hossfeld is a co-founder of the program that sponsors the food center, called Feast Down East. She says the facility has partnered with more than 70 restaurants in Wilmington:

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Business & Economy
5:00 pm
Thu March 17, 2011

Garner Citizen Halts Circulation

A local newspaper called The Garner Citizen is no longer circulating. Owners say their revenue wasn't keeping up with production costs. Officials with the Audit Bureau of Circulations say newspaper circulation nationwide dropped nearly 9 percent last year. The last print edition of the Garner Citizen was delivered yesterday morning. Founder and executive editor Barry Moore says the paper was losing subscribers as fast as it gained them:

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Business & Economy
5:30 am
Tue March 15, 2011

Public Forum On Innovation & Entrepreneurship

Some of the top innovative thinkers in the country will gather this morning at U-N-C Chapel Hill. The Obama Administration chose this spot to kick-off a series of public forums on Innovation and Entrepreneurship. 

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Business & Economy
5:00 pm
Thu March 10, 2011

NC Jobless Rate Up Slightly In January

North Carolina’s jobless rate inched up a bit during the month of January. The latest numbers were released today.

Business & Economy
4:21 pm
Wed March 9, 2011

Survey: CFOs More Optimistic About The Economy

Chief financial officers in the US have a more optimistic outlook about the economy. That’s according to a new survey from Duke University and CFO Magazine. It finds optimism among CFOs to be at its highest level since early 2007.

John Graham is a finance professor at Duke and the director of the survey:

"Things are looking up. There are still a couple of worries. One is employment. Employment is expected to increase, but slowly. So we don’t expect to see too much of a decrease of the unemployment rate next year. A new worry is inflation."

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