Business & Economy

Business & Economy
6:00 am
Fri May 13, 2011

Tanger Outlets Turns 30

Outlet malls have been a big hit with bargain shoppers this millennium. Those following the industry say the up-and-down economy has resulted in leaner shoppers who demand a deal. The Tanger Family of Greensboro gets a lot of credit for developing the concept of brining up-scale retail merchandise to the suburbs, highways and by-ways. And yesterday – Tanger Outlets celebrated its 30th Anniversary at its retail outlets across the country.  

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Business & Economy
9:00 am
Thu May 12, 2011

Concern Over Eliminating Tobacco Trust Fund

A UNC-Greensboro study shows a major economic impact of small farm ventures funded by the Tobacco Communities Reinvestment Fund. But state budget cuts could end the program.  

  In this tough economy – there are many casualties in the state budget package passed by the house.  One casualty is the Tobacco Trust Fund Commission. Joe Schroeder is director of the Tobacco Communities Reinvestment Fund Program – supported by the Tobacco Trust.  He says they have dispersed 3.6 million dollars in the past three years.  But the economic impact was more than 700-million.

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Business & Economy
6:23 pm
Wed May 11, 2011

Second Area Code Coming to the Triangle

Triangle residents will soon have to dial 10 digits to make local phone calls. That's because almost all numbers with the 919 area code are used up. Switzon Wigfall is a Senior Operations Analyst with the North Carolina Utilities Commission. He says this is a result of the explosion of cell phone use.

Switzon Wigfall: "When you have school kids 7 and 8 years old with cell phones, you can see the multiplicity effect of all the applications that's taken place in telecommunication markets today. So, yes. As some point, you exhaust the numbers."

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Business & Economy
5:40 pm
Tue May 10, 2011

NC Receives $4 Million for Rail Project

North Carolina will receive 4 million dollars of the 2.4 billion dollars in federal money Florida declined for high speed rail projects. The Department of Transportation will use the money for an environmental impact study of a potential high speed rail line between Raleigh and Richmond. DOT spokeswoman Greer Beaty says this is something people should be excited about.

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Business & Economy
6:00 am
Mon May 2, 2011

NC Ports Falling Behind on Ag Exports

Port of Morehead City
Credit NC Ports Authority

  North Carolina agriculture leaders say the state is losing exports to neighbors like Virginia and South Carolina. State Agriculture Commissioner Steve Troxler told the Ports Authority board almost 90 percent of North Carolina's overseas agricultural exports leave from other states. He says it's too expensive to transport goods to the coast and ports don't have the right equipment to handle large loads.

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Business & Economy
5:30 am
Tue April 26, 2011

Entrepreneurs Network in the Triangle

Despite all its success – some say Research Triangle Park still hasn’t reached its full potential. So, a major gift has helped create a consortium of partners to help grow jobs and entrepreneurship in the region. 

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Business & Economy
6:00 pm
Fri April 15, 2011

Aviation Hub in Currituck County

Officials in Currituck County announced today they are building a Regional Aviation and Technical Training Center. The area is surrounded by several aviation-type businesses and the U-S Coast Guard in Elizabeth City.  Dan Scanlon is the Currituck County Manager.  He says this is a great opportunity for northeastern North Carolina.

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Business & Economy
6:00 am
Fri April 15, 2011

TVA Settlement Includes Payment to NC

Roy Cooper
Credit governor.state.nc.us

A settlement between the Environmental Protection Agency and the Tennessee Valley Authority includes a payment to North Carolina. The TVA agreed to implement better emissions technology at all of its coal-fired plants including the four closest to North Carolina. Attorney General Roy Cooper filed a lawsuit against the TVA in 2006.

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Business & Economy
6:15 pm
Thu April 14, 2011

Foreclosures Down in NC

The number of foreclosures in North Carolina was down in the first quarter of 2011. That's according to a report from RealTrac, a firm that tracks foreclosures. But the number is down due to a logjam of foreclosures for lenders, not because there are fewer people going into foreclosure. Banks are being investigated for lending practices that led to the mortgage meltdown. Daren Blomquist with RealTrac says the seemingly good news is artificial.

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Business & Economy
8:00 am
Thu April 14, 2011

Jobless Benefits Tied to Budget Fight

Republican and Democratic leaders are playing hard-ball with the state budget.  And extended unemployment benefits seem to be the latest pawn.

Republicans are tying additional unemployment benefits for 37-thousand people to a provision that would have state government operate at lower funding levels if a budget is not approved by June 30th.  Governor Bev Perdue calls the legislation “extortion.”  House Speaker Thom Tillis.

Thom Tillis:  "Ideally what she’ll do is take seriously our budget proposal which will come to her the first week of June and sign it."

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