Business & Economy

Dorothea Dix Hospital in Raleigh
Dave DeWitt

The state has released new documents about negotiations to sell the Dorothea Dix Hospital Campus to Raleigh. While an agreement looks close the two parties still haven't settled all the terms.

The state and the city both agree that $52 million is a fair price for the 308-acre property.

The problem is that Raleigh wants to buy the land outright, and build a destination park there. But the North Carolina Department of Health and Human Services campus is on the property, and the state doesn't plan to move it.

Longfellow Real Estate
Leoneda Inge

Downtown Durham has undergone a major transformation over the past decade.  And economic development projects are not slowing down with new hotels, office space and housing under construction.

Yesterday, community stakeholders came together to announce the latest big project.  It’s called the Durham Innovation District or "Durham ID," for short.

The Durham Innovation District or Durham ID will stretch from North Duke Street all the way to the Durham Farmer’s Market when it’s all finished. 

Truck being loaded with salt, Craven County (2/11/14)

Communities across the country are trying to replenish their stores of road salt. But, after the past harsh winter, the price of rock salt is climbing drastically.

Chris McGee is Raleigh's Transportation Field Services Manager. He says the city uses about 1,500 tons in a typical winter. But McGee said they used more than 4,000 tons this time around. Also, their cheaper purchasing contract just ended.

Raleigh recently signed a three-year contract that is 25 percent more expensive than the last one. McGee said they're buying enough salt for a typical winter right now.

Pat McCrory
Dave DeWitt

The governor and his workforce development team are keeping busy until it’s time for the legislature to meet again.  They are visiting 1,000 businesses in 100 days in all 100 counties.

It’s being described as a fact-finding tour.   State Commerce Secretary Sharon Decker is taking part in the tour that is part of NCWorks.

Steve Zelnak
NC State

NC State University now has endowed its first chair for a dean, and it’s in the College of Management.  Chancellor Randy Woodson made the $4 million announcement Tuesday.

“This is the first endowed chair for a Dean at N.C. State, and the first college that was endowed and we couldn’t be more pleased," said Woodson.

HCL Logo
HCL Technologies

A $5 billion global tech company announced today that it's expanding its operations in Wake County.  Now, the company plans to create more than 1,237 new jobs in Cary.

HCL Technologies is an India-based information technology company. They cover a huge range of services, from equipment manufacturing to airline transport logistics, to energy utility billing.

Rajiv Sodhi is the chief workforce competitive officer at HCL. He says they were looking for a place to centralize service for customers on the east coast.

Pat McCrory spoke about his 25-year plan for Transportation at Smith Reynolds Airport in Winston-Salem on Wednesday.
Jeff Tiberii

Governor Pat McCrory wants the state legislature to approve more than $1 billion in bonds as part of his long-term transportation plan. Money from that bond measure would fund road, rail, port and airport projects across the state. He plans to ask the General Assembly to borrow more than one billion dollars in January, to fund parts of 21 projects.

American Underground

Start-up companies and entrepreneurs housed at The American Underground in Durham and Raleigh will now also have access to free work space in Silicon Valley.

Jim Whitehurst is President and CEO of Red Hat.  His company is teaming up with The American Underground to offer the space.

Corey Harris
Leoneda Inge

A report released this week by the Council for Entrepreneurial Development shows start-up companies across North Carolina are raising bigger rounds of funding.

One company out of Greensboro, raised $1 million in its first seven months.

Many of these new companies are in Raleigh for the CED Tech Venture Conference.

Some 80 start-up companies were invited to this year’s CED Tech Venture Conference, spreading out their trinkets, candy and ink pens in two large demo rooms.

Emmanuel Johnson worked as a teen reporter during the summer of 2014 at WUNC.
Carol Jackson

Emmanuel Johnson is a senior at Riverside High School in Durham. As a part of WUNC's Youth Radio Project, he reports on a changing neighborhood in his hometown.

I've lived in Durham, NC my whole life and I always walk past this park on the corner of Oakwood Avenue and Holloway Street. It's downtown, near the public library.