Business & Economy

Business & Economy
7:00 am
Mon March 7, 2011

Agriculture Leaders Head to China

North Carolina’s Commissioner of Agriculture is in China this week. This is the second trip to that country since 2009. 

Ag Commissioner Steve Troxler doesn’t necessarily like the long air plane trip to China.   But he says it’s worth it.  Troxler says after the 2009 trade mission – China increased its purchase of North Carolina tobacco by close to 40-percent.  Sales of soybeans and cotton also increased.

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Business & Economy
4:40 am
Mon March 7, 2011

SECU Offers Help in Light of Possible Layoffs

The State Employees' Credit Union is preparing to help people who may be laid off as part of North Carolina's attempt to balance the state budget. The Credit Union is updating its mortgage assistance program to help more people stay in their homes. Mark Coburn is the senior vice president of loan servicing for the Credit Union. He says partial payments, rate modifications and extending the term of mortgages can all help.

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Business & Economy
4:00 pm
Fri March 4, 2011

Toll Rate for Triangle Expressway Set

n
Credit ncturnpike.org

State transportation officials say drivers will pay 15 to 24 cents per mile to drive on the Triangle Expressway when it's complete. The North Carolina Turnpike Authority announced this week drivers will be charged electronically to use the road. The state will start selling transponders this fall that connect to a prepaid account. Sensors on the road will deduct 15 cents per mile along the way. Drivers don't have to buy a transponder, but cameras will photograph their license plates and send a bill through the mail for 24 cents per mile. 

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Business & Economy
7:00 am
Thu March 3, 2011

Census Shows NC Still Growing

The 2010 Census numbers are out for North Carolina.  It’s no surprise – we’re still growing. There are now 9-point-5 million people living in the state – an increase of 18-point-5-percent. Metropolitan areas including Charlotte, Raleigh, Winston-Salem and Wilmington witnessed tremendous growth this past decade.  Experts say the latest numbers show North Carolina is becoming increasingly more urban and metropolitan. 

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Business & Economy
4:00 am
Thu March 3, 2011

National Small Business Roundtable Kicks Off in Durham

Entrepreneurs in the Triangle have the chance to tell the federal government how it can help grow their businesses. The U-S Small Business Administration will host a roundtable in Durham today to gather ideas for reducing small business regulations. S-B-A press secretary Hayley Meadvin says Durham is the first stop in the series of meetings called Startup America.

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Business & Economy
4:30 pm
Tue March 1, 2011

Triangle Bus Rideship Increasing

Bus ridership is increasing throughout the Triangle, thanks in large part to rising gas prices. January ridership on Triangle Transit was up 17.7 percent from last year. Brad Schulz at Triangle Transit says gas prices are just one reason people are choosing the bus.

Business & Economy
5:40 pm
Fri February 25, 2011

US Minority Business Leader at Duke

Durham-area business owners got the chance to have some face-time with the head of the U-S Minority Business Development Agency.

Robin Costello is a Vice President at Piedmont Investment Advisors. The company is 10 years old managing three-and-a-half billion dollars in investments.

Robin Costello:  "The corporate."

David Hinson:  "We’re working on it."

Robin Costello:  "It’s hard."

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Business & Economy
5:00 am
Fri February 25, 2011

Trying to Make Ends Meet in "SPENT"

Reporter Leoneda Inge visited Urban Ministries to try out this new game – appropriately named – SPENT

North Carolina has had one of the highest unemployment rates in the nation during this recent economic downturn. Families have had to be strategic about paying rent and buying food while looking for work.  It’s almost like a real-life game of chance – one that’s extremely hard to win.  Hard life lessons are what spurred the national advertising agency – McKinney – to create an online game to bring attention to the needy on behalf of Urban Ministries of Durham.

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Business & Economy
4:45 am
Fri February 25, 2011

Controversial Chicken Processing Plant Delayed

Sanderson Farms is delaying plans to build a poultry processing plant in Nash County.

Joe Sanderson, CEO of Sanderson Farms, says overproduction in the chicken industry has left the price of chicken low while feed costs are high. And so the company decided to delay building the plant until market conditions can be reevaluated in the Fall. The plant has also drawn controversy from some who allege wastewater from the plant will contaminate local water supplies.

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Business & Economy
2:10 pm
Wed February 23, 2011

Economic Benefits of Conservation

North Carolina conservation groups say preserving land for public use has long-term economic benefits. A new report from the non-profit Trust for Public Land claims that every dollar North Carolina invests in parks, farms and wilderness has a return of 4 dollars to the local economy. The report measures the “natural goods and services” of different ecosystems in the state. An area is valued by the quality of its air and water and its ability to remove pollutants naturally—making wetlands and forests the most valuable and developed or barren land the least valuable.

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