Business & Economy

Business & Economy
5:00 am
Sun February 9, 2014

Are Internet Sweepstakes Gambling? Wake County Says Yes

Credit Pete Labrozzi via Flickr, Creative Commons

Gambling is illegal in North Carolina. But there is a gray area: It's called an "Internet sweepstakes." And contrary to it's name, such sweepstakes are often not on the Internet. They are operated in small shops, often in strip malls, across the state.

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Business & Economy
5:00 am
Wed February 5, 2014

NC Farm Bureau Applauds New Farm Bill

Strickland Farms has been growing tobacco for generations in North Carolina.
Credit Leoneda Inge

The North Carolina Farm Bureau is applauding the passage of the new Farm Bill.  Leaders say it provides stability and certainty to the state’s largest industry.

Larry Wooten is President of the North Carolina Farm Bureau.  His family farms tobacco, corn and soybeans in Pender County.

“Very thankfully this extravaganza of a piece of legislation that took over two years to bring to fruition is finally passed the Senate and it’s headed to the President’s desk to be signed into law.”

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Heating Bills
2:00 pm
Tue February 4, 2014

Fayetteville Residents Look For Help With Heating Bills

The Salvation Army Logo
Credit The Salvation Army

The Salvation Army in Fayetteville administers two funds for those in financial need. The first, know as CIP (Crisis Intervention Program) is there to help people whose electricity could be cut off at any minute.

The second, known as LEAP (pronounced "lee-app") is a seasonal fund to help cover higher-than-usual heating bills. After a polar vortex and an uncharacteristically heavy snowfall, LEAP is being put to the test this week.

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Ferry Tolls
5:00 am
Tue February 4, 2014

Five Things You Should Know About NC's Proposed Ferry Toll Hikes

The proposed rate structure for new ferry tolls
Credit NCDOT

The NC Department of Transportation is holding hearings this week on whether or not to raise the cost of riding the state's ferries (even in places where it's currently free). Here are five things you should know about the plan.

1) Nearly everyone would pay a little more; Some would pay a lot more.

There are four ferry routes at play here. Two of them don't currently charge passengers at all. Under the new structure, rates would go up anywhere from $0.50 to $28, basically everywhere, depending on your route and the size of your vehicle.

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Business & Economy
1:18 pm
Mon February 3, 2014

Big Changes On The Way For Research Triangle Park

Josh Dunbar and Zachary Lyon of Falcon Engineering look at new plans for RTP.
Credit Leoneda Inge

The Research Triangle Foundation has announced plans for a major expansion - its first mixed-use development project since the park opened. In a matter of weeks, 100 acres of prime real estate in RTP became available. The Research Triangle Foundation scooped it up at a price tag of $17 million dollars.

Bob Geolas is President and CEO of the foundation: "Look it's a big idea, it's a big vision. As RTP was itself 50 years ago." Geolas says that big idea will become Park Center - a mix of residential, cafes, business and retail.

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Business & Economy
7:37 am
Thu January 30, 2014

Raleigh Based Company Martin Marietta To Buy Texas Industries In $2.7 Billion Deal

Ward Nye will continue on as President and CEO of Martin Marietta after the merger.
Credit Martin Marietta Materials

Raleigh-based Martin Marietta Materials is moving ahead with its largest acquisition yet.  It is acquiring leading cement producer Texas Industries.

Martin Marietta is one of the largest U.S. producers of construction aggregates like crushed stone, sand and gravel.  Once the company formally merges with Texas Industries, it’s sure to be number one.

The $2.7 billion transaction couldn’t come at a better time, as housing and other construction is starting to bounce back.

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Business & Economy
7:53 am
Tue January 28, 2014

Durham NC's Hillside High School First To Open A Bank

Hillside High School students Mikel Carr, Jamal Stroud and Radamany Kirk are tellers at the Woodforest National Bank branch at their school.
Credit Leoneda Inge

Financial literacy is a growing part of the K-through-12 curriculum across the state.  But Hillside High School in Durham has taken the charge to the next level and opened a functioning bank branch at the school.

Organizers say that students, staff, and families will be able to open accounts, as well as deposit funds to checking and savings accounts right at the Hillside branch.  The program also provides internships and serves as a hands-on learning center for students to gain banking skills.

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Business & Economy
8:35 am
Mon January 27, 2014

NC GreenPower Celebrates 10 Years Of Increasing Access To Renewable Energy

Over the past 10 years, NC Green Power has used donations to increase the amount of renewable energy in the state's power grid.
Credit NCSU/CSE

Renewable energy generators have channeled hundreds of millions of kilowatt hours into the North Carolina power grid. That's since the NC GreenPower program was founded 10 years ago.

The initiative collects donations from companies, citizens and utility customers to buy renewable energy and diversify the state's power grid.

NC Solar Center Director Steve Kalland is on the board for NC GreenPower. He said the program has also helped utilities warm up to renewable power providers. 

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Business & Economy
5:00 am
Mon January 27, 2014

Some With Developmental Disabilities Find Entrepreneurial Success In Triangle

A laundry business is one of the many successful entrepreneurial companies incubated by Extraordinary Ventures
Credit Courtesy of Extraordinary Ventures

In a traditional labor market, Ewan Toscano might be considered "hard to employ." But he's part of group of young adults with autism and other developmental disabilities who have a proven track record -- not only of employment -- but of entrepreneurship in the Triangle. 

Toscano really likes his job, saying, "I work at EV for two hours four days a week.I make twelve candles.  I love my job.  I see my friends."

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Business & Economy
11:05 am
Sat January 25, 2014

Durham Vet: 'I Can Kill Myself, I Can Run Away, Or I Can Push Through And Make It A Success'

Matt Victoriano and Robin Young in front of Matt's new business, Intrepid Life Coffee & Spirits
Credit Robin Young via Twitter / Here & Now

A Marine Corps vet is receiving national attention for his attempts to open a small business in Durham, North Carolina.

The radio show Here & Now has been following Matt Victoriano's story since last October. The program's host, Robin Young, met Victoriano at the 2012 Democratic National Convention. Victoriano had served in Iraq and had been a sniper team leader. Since then he's been coping with post traumatic stress while trying to open a small business.

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