Business & Economy

Business & Economy
4:59 pm
Thu May 19, 2011

New Capitol Area Transit Bus Facility

Officials gathered in Raleigh today to christen a new Capitol Area Transit operations and maintenance facility. The facility is needed to accommodate a rise in demand on the city's bus fleet.

Andrew High is from congressman David Price's office. He says the money for the maintenance facility came from federal funds. High says it will help with more people using public transportation.

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Business & Economy
3:21 pm
Thu May 19, 2011

To Tax Or Not To Tax?

Gov. Bev Perdue
Credit bevperdue.com

  Governor Bev Perdue is finishing up a whirlwind tour of the state this week, touting the importance of public education. She is on the road as the state legislature considers cutting the education budget by nearly $1 billion.

At the center of the debate is a temporary one-cent sales tax. Enacted in 2009, it is set to end in June. Republicans want to let it lapse, the Governor and education advocates want it continued.

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Business & Economy
5:00 am
Wed May 18, 2011

Repair Planned for Hope Mills Dam

Town commissioners in Hope Mills have a plan for repairing the broken Hope Mills Dam. The dam failed last June leaving the Hope Mills Lake dry. The town's attorney presented the plan during a commissioner's meeting this week. It calls for repairing the existing dam rather than building a new one. The companies that built the dam will repair it at their expense. Mayor Eddie Dees says he's happy to have the plan.

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Business & Economy
5:30 am
Mon May 16, 2011

DOT Identifies Safety Needs for Bikers, Pedestrians

The state Department of Transportation has released a survey that identifies a need for improving bicycle and pedestrian safety. Nearly three quarters of respondents said they don't feel safe biking through their communities on a daily basis. That number was about 50 percent for pedestrians. The survey identified a lack of bicycle lanes and sidewalks as the top safety issue. But DOT spokeswoman Julia Merchant says there also needs to be a mutual respect among drivers, bicyclists and pedestrians.

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Business & Economy
6:01 pm
Fri May 13, 2011

Tanger Celebrates 30th Anniversary at NYSE

Tanger Factory Outlet Centers is spending the month of May celebrating its 30th Anniversary and its success as a top builder of outlet malls. Shareholders met today in New York for their annual meeting. 

 What better way to celebrate than by ringing the closing bell at the New York Stock Exchange. Steven Tanger rang the bell yesterday.  He’s President and C-E-O of Greensboro-based Tanger Factory Outlet Centers.  

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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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