Business & Economy

The State of Things
10:00 am
Tue March 25, 2014

Triad News Update

Greensboro skyline
Credit creative commons

WUNC Greensboro Bureau Chief Jeff Tiberii talks about Greensboro development plans and the latest on the coal ash spill

  

 The Greensboro City Council approved a plan directing $65 million toward the development of a performing arts center in Greensboro. Similar venues in Durham and Charlotte have brought revenue and recognition to the cities. Greensboro leaders hope their investment will yield similar rewards. 

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Business & Economy
9:01 am
Tue March 25, 2014

Durham Mayor: New Ideas To Shrink Poverty, One Neighborhood At A Time

Durham Mayor Bill Bell has launched a campaign to decrease poverty in the city.
Credit durham.gov

Durham Mayor Bill Bell has set in motion his campaign to reduce poverty. 

Bell said Durham has a lot of resources: good universities, a creative class, and a growing number of jobs. He believes that by using UNC Center for Urban and Regional Studies data about distressed neighborhoods, surveying residents, and planning area specific solutions, this push could make a difference.

“Poverty is an issue that I think we should be able to deal with in this community in a much more collaborative way than we're doing now,” said Bell.

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Business & Economy
8:01 am
Mon March 24, 2014

Google Backs Durham Program Connecting Women-Led Start-ups With Capital

Soar is a new program meant to help female entrepreneurs find funding for their companies.
Credit Soar

A new program in Durham is seeking to help female entrepreneurs close the gender gap in securing startup money.

Google is putting up $15,000 to fund the new organization called Soar, which will help women-led start-ups connect with venture capitalists and similar businesses that have gotten funding.

The non-profit Kauffman Foundation says only 5 percent of all venture capital goes to fund women-led start-ups, even though companies with female leaders are found to be more efficient and bring in bigger returns.

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Business & Economy
7:46 am
Mon March 24, 2014

What's In Your Virtual Wallet? Durham Bakery Accepts 'Bitcoin'

Brad Wheeler helped start the "Triangle Bitcoin Meetup."
Credit Leoneda Inge

If you have never heard of a “Bitcoin,” you are not alone.  Even though the digital currency continues to get a lot of attention around the world, it’s been slow to catch on in most pockets of the US, including North Carolina.

But that may be about to change in the Triangle.

There is one brick and mortar business in the Triangle that accepts Bitcoin., and that’s Rise Biscuits and Donuts in Durham.

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Business & Economy
12:03 pm
Sat March 22, 2014

Top 6 Listener Ideas For RDU's Undeveloped Land

RDU Airport is looking for suggestions to develop acres of unused land on airport property.
Credit Raleigh-Durham Airport Authority

 Updated Monday 3/24 12:15 p.m.

The Raleigh Durham Airport Authority is looking for ways to put more than 2,000 acres of undeveloped land to good -- and profitable -- use.  Authority members heard a presentation Friday morning from representatives of the Urban Land Institute.  Here's what was proposed:

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Business & Economy
7:37 am
Fri March 21, 2014

"Recruit Military" Job Fair A Hit In Raleigh

Matthew Morrow of Merck talks with veterans at "Recruit Military" job fair.
Credit Leoneda Inge

Hundreds of military veterans from across the Triangle region and beyond packed a special job fair Thursday in Raleigh. 

This job fair at Carter-Finley Stadium was for veterans like Jimmy Hicks of Cameron, near Ft. Bragg.

“Usually I get at least one or two calls back when I attend a job fair," said Hicks.  “Hey, if you get one, I think that’s a good thing."

Hicks retired from the Army in 2000.  He's looking for a career in telecommunications.  His job with Verizon was outsourced some years ago.

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Business & Economy
8:38 am
Tue March 18, 2014

Unemployment Shrinks With North Carolina’s Labor Force

North Carolina gained 70,000 jobs in 2013, but the workforce shrank by 60,000 people.
Credit Creative Commons / http://mycareerinfo.ca

The state unemployment rate is dropping, but the labor force is also shrinking. 

The North Carolina Department of Commerce reports unemployment fell from 8.8 percent in January 2013 to 6.7 percent in January 2014.  But that number doesn't include people who have stopped looking for work.  The state's labor force is made up of people who work or are trying to find jobs, and that pool shrank by more than 60,000 people during the year. 

North Carolina State University Economist Michael Walden said 2013 was somewhat of a disappointing year for job growth.

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Business & Economy
7:59 am
Sat March 15, 2014

Survey: Companies Don't Like $10 Hour Minimum Wage

Duke-CFO Magazine surveys Chief Financial Officers about raising the minimum wage.
Credit bestclipartblog.com

Chief Financial Officers say increasing the national minimum wage to $10 an hour could have negative consequences.

The latest survey by Duke University and CFO Magazine shows companies would cut jobs or reduce hiring if the minimum wage rose to $10 an hour. 

Duke Finance Professor John Graham says nearly half of retail firms and one-third of service and manufacturing companies said they would decrease hiring plans.

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Chatham Park
9:37 pm
Tue March 11, 2014

Massive Pittsboro Development Project Still Has Some Hurdles To Jump

Credit Screen shot from online video / Preston Development Company

In a meeting Monday night, the Pittsboro Board of Commissioners presented Preston Development with more than 40 new requests to follow up on with regards to Chatham Park -- the massive new 7,120 acre live,work, play community. The project could bring as many as 60,000 new residents to Pittsboro, a town of 4,000 currently.

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Business & Economy
8:34 am
Thu March 6, 2014

The Fight Over Counsel For The Unemployed

This is the back door of the Division of Employment Security offices in Raleigh where attorneys can pick up copies of appeal hearing notices.
Credit Leoneda Inge

For ten years, North Carolina attorneys have had access to a daily list of unemployed workers who are scheduled for appeal hearings.   Most of these people had their unemployment claims denied and are appealing the decision. 

But last week, the Division of Employment Security said it would no longer provide a daily list of these hearings.  A Durham attorney is fighting back and has filed a lawsuit against the Department of Commerce and its employment division.

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