Business & Economy

Business & Economy
7:34 am
Mon April 7, 2014

High Point Market Open For Furniture Business

High Point Market kicked off with Stanley Furniture announcing it would halt production of its 'Young America' line.
Credit Stanley Furniture

Fashion designers and innovators in the home furnishings world are in High Point this week for the bi-annual market.

More than 2,000 exhibitors fill the furniture and home furnishing showrooms of High Point. 

Kelly Edwards has produced High Point Market videos for the web.  Buyers tell her, “There’s always brass and vintage brass is really hot right now.  Anything antique to brass." 

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Business & Economy
5:00 am
Mon April 7, 2014

Duke And Piedmont Want Another Gas Pipeline

Duke Energy and Piedmont Natural Gas are asking for proposals to build and operate another major natural gas pipeline into North Carolina.
Credit Harald Hoyer / Creative Commons

Two major energy companies want to build a second natural gas pipeline into North Carolina.

Duke Energy and Piedmont Natural Gas are soliciting proposals for a pipeline that could carry 900 million cubic feet of gas per day.

Duke is shifting a significant portion of its energy portfolio from coal into natural gas. Piedmont transports gas for both companies via the Transco line from the Texas gulf.

Piedmont spokesman David Trusty said production was interrupted after Hurricane Katrina. He says the companies want to be able to diversify their natural gas sources.

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Business & Economy
8:52 am
Fri April 4, 2014

GPS Spying? Odometer Fees? NCDOT Considers A Mileage Tax

NCDOT is looking for alternative revenue sources to cover road repairs and upgrades needed to accommodate a rapidly-growing population.
Credit Dave DeWitt

North Carolina's Department of Transportation is considering taxing drivers by the mile to help pay for road construction and upgrades. As cars become more efficient, the gas tax is becoming a less effective revenue source.

The department's Funding and Appropriations Strategies committee – or FAST – has been meeting with leaders and researchers across the state to hear concerns about population growth and potential solutions for insufficient infrastructure.

NC State researchers suggested a revenue model using annual odometer checks or GPS technology to tax motorists.

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Business & Economy
8:44 am
Wed April 2, 2014

Nash Health Joins UNC’s Hospital System

Nash Health Care System in Rocky Mount is the latest hospital to join the UNC Health Care system.
Credit Nash Health Care System

Nash Health Care in Rocky Mount is the newest hospital to join the UNC Health System. Their affiliation agreement allows UNC to manage operations at Nash.

Nash Health CEO Larry Chewning will now be on UNC Health's payroll, but Nash will continue to be governed by its independent board of directors.

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Business & Economy
9:05 am
Tue April 1, 2014

Federal Cuts Could Close 115 Year Old Beaufort Marine Lab

A National Center for Coastal Ocean Science researcher looks into a beaker containing lionfish eggs. Scientists agree NOAA's Beaufort lab has been the site for valuable fisheries research for more than a century. If Congress passes President Barack Obama's budget proposal, the lab will close.
Credit NOAA

If Congress passes the president's proposed 2015 budget, North Carolina's coast could lose a century-old marine lab.

The National Oceanic and Atmospheric Administration's lab in Beaufort is on the chopping block.

Ciaran Clayton is a spokeswoman for NOAA.

“The current cost per year to operate and maintain the facility (is) about $1.6 million per year,” Clayton said. “It's an aging facility and would require additional funding to make those improvements, something that is just not currently in our current budget or in our future budgets.”

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Business & Economy
8:31 am
Mon March 31, 2014

Manufacturers Brainstorm To Reduce, Reuse, Recycle Packaging Materials

More manufacturers are working to make their packaging recyclable or compostable.
Credit gfpeck / Flickr

A growing contingent of manufacturers is working to make products with packaging that won't end up in a landfill.

They'll have a workshop devoted to education and idea-swapping at this week's Zeroing in on Waste Reduction event in Asheville. Carolina Recycling Association hosts the annual conference and trade show, which will gather 700 exhibitors, businesses, speakers and participants.

Diane Davis is the executive director of the CRA. She said making products that limit waste can be cost-effective while being environmentally friendly.

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Business & Economy
5:10 pm
Thu March 27, 2014

VIDEO: Two Marines: Brothers In War And Coffee

Matt Victoriano. Before opening a watering hole in Durham, Matt was a Marine sniper in Iraq.
Matt Victoriano

This is the story of two men. Both Marines. Both served in the Middle East. Both struggled when they returned. One Durham coffee shop brought them together and helped them re-connect to civilian life.

Ryan Wetter did two tours in Afghanistan. He conducted reconnaissance, often under cover of darkness. He is the 19th Marine  in his family to serve since the Korean war. He always knew he'd be a Marine. "Its like telling kids not to be a superhero. You see a superhero running around, that's what you want to be."

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Business & Economy
8:47 am
Thu March 27, 2014

Rural County Residents Continue Flocking To Metro Areas

Census estimates show that people are moving from rural counties to metropolitan centers, like the Triangle. Experts say jobs and cultural events are a draw from young people from rural areas.
Credit Leo Suarez / Flickr

North Carolina's dozen metropolitan areas are growing faster than the country as a whole. That's according to US Census Bureau's county and metro area population estimates from 2012 to 2013.

During that time, the US population grew by .7 percent. Wake County had the second-highest growth – after Mecklenberg – with 2.3 percent.

Rural counties, including Pasquotank and Halifax were among those losing the most residents.

Bob Coats works in the state budget office and the State Data Center. He says people are migrating to urban centers with more robust economies.

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Business & Economy
8:47 am
Wed March 26, 2014

"Clearing The Pathway For Business" At Executive Networking Conference For Minorities

Willie Deese, Executive VP and President, Merck Manufacturing, will host the Annual Willie Deese CEO Dinner at the "Executive Networking Conference."
Credit www.merck.com

Hundreds of people in business, government, and the non-profit sector are meeting in Durham this week to discuss ways to grow minority and women-owned businesses.

This year’s Executive Networking Conference at the Washington-Duke Inn and Golf Club will include congressmen and leaders in supplier diversity.

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Business & Economy
8:45 am
Wed March 26, 2014

SAS Offers Free Software To Help Next Generation Of Managers Understand Data

SAS is offering free analytic software for university students and professors to use. The company says there will be a shortage of business analysts across industries in a few years.
Credit SAS

A Cary-based software company is offering a free service to university students and professors.

SAS Analytics U will allow them to use statistical tools to manage data, identify trends, and make decisions in their research and class work. Analytics U also allows them to share their work in online communities.

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