Business & Economy

Business & Economy
6:22 pm
Thu November 21, 2013

Business Plans To Scale Back Natural Gas Research In Lee County

A farm in Lee County
Credit Donald Lee Pardue via Flickr

An energy company that’s exploring the potential for natural gas drilling in North Carolina is scaling back research efforts in Lee County. 

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Business & Economy
8:59 am
Tue November 19, 2013

Duke Energy Offers Renewable Energy Option To Big Customers

Credit Duke Energy

Duke Energy is introducing a program to provide its largest customers with renewable power.   The utility's 'Green Source Rider' initiative would give companies that use large amounts of power an option to use renewable energy in their new or expanded facilities.

Duke Energy will ask participating customers what their new power preference is: wind, solar or some other source.  Spokesman Jeff Brooks says it's then up to the utility to find them ample amounts..

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Business & Economy
11:34 am
Mon November 18, 2013

New Business Model For NC Cooperative Extension

The NC National Guard visits a 4-H camp.
Credit NC National Guard / Flickr Creative Commons

The North Carolina Cooperative Extension wants communities across the state to help the organization change its business strategy. 

The Cooperative Extension is in the middle of a series of 12 meetings to adjust to budget cuts.  The group funds agricultural, nutrition and youth education programs like 4-H camps.  Four of those camps are shutting down by the end of the year. 

Cooperative Extension director Joe Zublena  says he's asking people for feedback about which programs matter the most.

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Business & Economy
10:22 am
Fri November 15, 2013

Asheville Aviation Ascends

Construction of a new aviation manufacturing facility is underway in Asheville. GE Aviation broke ground on a $ 124 million plant this week. The site will produce CMC's (ceramic matrix composite) materials, for jet engines. The CMCs replace metal and make for a more efficient engine with better combustion and less emissions.  "This material has been in development, at least in our research labs for almost years.. It's used in small scale production in rocket loaders.

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Business & Economy
7:26 am
Thu November 14, 2013

Chapel Hill Wants Luxury Theater To Attract More Regional Business

An artist's rendering of the theater's facade planned for University Mall in Chapel Hill
Credit Madison Marquette Retail Services

Leaders in Chapel Hill say they hope a luxury movie theater moving into a local mall will bring in more shoppers from out of town. 

Silverspot Cinema says it will open the facility with 13 theaters at University Mall in two years. 

The theater will replace Dillard's department store, which has been there since 1973.  Silverspot says it will offer leather chairs in the theaters, a lounge, and special screenings of live events like opera. 

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The State of Things
12:13 pm
Tue November 12, 2013

50th Anniversary Of The North Carolina Fund

"To Right These Wrongs: The North Carolina Fund and the Battle to End Poverty and Inequality in 1960s America" By Bob Korstad and Jim Leloudis
Credit UNC Press / uncpress.unc.edu

    

In 1963, almost a quarter of North Carolinians were living in poverty. 

Governor Terry Sanford and his political associates decided it was time to get creative about building a strategy for eradicating poverty in the state. And with that, the North Carolina Fund was born.  The Fund was a way to sponsor community organizing initiatives in local communities across the state, particularly by getting poor people involved directly.

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Transportation
8:10 am
Tue November 12, 2013

Wake Transit Plan Gets First Public Look

A 14-mile light rail line is part of Triangle Transit's proposal for Wake County.
Credit Triangle Transit Authority

Commissioners in Wake County are holding their first public discussion about a plan for expanded bus and light rail services.

The board meets Tuesday morning with three transit experts from outside the state.  It's the county's first public meeting about the plan, which Triangle Transit Authority presented in 2011.  Commissioners have declined to bring it up for discussion since then. 

Commissioner Paul Coble says he wants a second opinion.

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Business & Economy
7:42 am
Fri November 1, 2013

NC’s Final Energy Star Sales Tax Holiday Begins Today

Gov. Pat McCrory signs a tax overhaul bill into law.
Credit Dave DeWitt

The state’ sales tax holiday on appliances that are certified as energy efficient starts Friday, runs through Sunday and will be discontinued after this year.

The annual moratorium, on appliances such as clothes washers, dehumidifiers and air conditioning units marked with an "Energy Star” label, cost the state an estimated $12.5 million in uncollected taxes since it was implemented in 2008, according to the state Department of Revenue.

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Business & Economy
5:29 pm
Wed October 30, 2013

Triangle Bus Services Considering Fare Increases

Capital Area Transit buses in downtown Raleigh.
Credit City of Raleigh

Bus riders in the Triangle are invited to weigh in on proposed fare hikes for Triangle Transit and Capital Area Transit.  Officials for the agencies say they haven't raised fares since 2005 for Triangle Transit and the last time Raleigh buses raised rates was in 2007. 

John Tallmadge is the Director of Regional Services Development for Triangle Transit.  He says ridership has more than doubled for his service since the last rate hike.

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The State of Things
12:14 pm
Wed October 30, 2013

Privatized Commerce Corporation Raises Critics’ Ire

Credit NC Department of Commerce

Big changes are coming to the state commerce department.

A new public/private non-profit will be taking over some of the duties of recruiting new business to the state next year. But critics of the N.C. Partnership for Prosperity say similar efforts in other states have failed. Host Frank Stasio talks to 

   about the controversy.

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