Business & Economy

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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Business & Economy
10:00 am
Wed July 20, 2011

Semprius to Build Plant in Henderson

A Durham company is planning to build a plant in Henderson that will produce one-of-a-kind solar modules. 

Business & Economy
6:25 pm
Tue July 19, 2011

Major Job Cuts at Cisco

Thousands of jobs are on the chopping block at Cisco Systems.  But analysts wonder if that’s enough to turn the company around.   Inge reports.

The 6,500 lay-offs at Cisco are no surprise.

Emily Chang - Bloomberg TV:  "Reports of impending layoffs have been circulating for weeks at the networking giant looks for ways to slash a billion dollars."

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Business & Economy
5:00 am
Tue July 19, 2011

Food Trucks Might Be On The Move

Food truck operators who hope to sell their creations in downtown Raleigh will soon know their fate. The City Council is set to vote today on a set of restrictions that will let them operate in the capital city. The public rift between food truck operators and bricks and mortar restaurant owners has been going on for more than a year. Some restaurant owners see food trucks as unfair competition. They say they pay high rents and property taxes, and fear that food trucks will set up outside their doors and siphon off customers.  Mike Stenke owns the Klausie's Pizza truck.

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Business & Economy
8:00 am
Mon July 18, 2011

NC Explores Business Ties with Russia

Leaders in the North Carolina Department of Commerce are taking a renewed interest is business with Russia.

North Carolina business leaders are pretty sophisticated – according to Jean Davis.

Jean Davis:  "Many of our North Carolina companies have solid bases in China and Japan and are now looking at Russia as the next horizon for them."

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Business & Economy
5:30 am
Fri July 15, 2011

Salisbury and Lenoir Awarded Main Street Grants

Two North Carolina communities have been awarded money from the state to help revitalize their downtowns.

The matching dollars are from the Main Street Solutions Fund – administered by the Department of Commerce.   This round – the cities of Salisbury and Lenoir were awarded grants.  Nick Dula is the Downtown Economic Development director for Lenoir.  He says the plan is to turn a vacant furniture store into Carolina Distillery, a restaurant and a wine store.

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