Business & Economy

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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Business & Economy
5:58 am
Tue October 29, 2013

Burmese Crops Sprout In Orange County

Maw Roeh packing boxes of produce for his customers at the Transplanting Traditions farm in Orange County.
Credit Emma Miller

Some refugees in Chapel Hill are finding a way to reconnect with their native farming tradition.

The Karen are a displaced ethnic minority from the Southeast Asian nation of Burma (also known as Myanmar). More than a thousand have ended up in Orange County through resettlement programs, which place them in areas like Chapel Hill with free transportation, good schools and available work as housekeepers.

With the help of a community farming project, Karen people in Chapel Hill are once again growing Burmese crops and making money along the way.

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Business & Economy
8:18 am
Mon October 28, 2013

Private Health Care Exchanges Coming To NC

Credit NC Department of Health and Human Services

At least two private health insurance exchanges will soon be launching in North Carolina. 

The NC Chamber and a company called Digital Benefit Advisors are opening websites next month that will act as private marketplaces for health insurance.  Leaders for both organizations say they're designed for employees of companies that might be scaling back their insurance policies.

North Carolina Chamber COO Jim Simpson says the idea is to encourage competition and decrease the cost of insurance.

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Business & Economy
5:34 pm
Fri October 25, 2013

Investigation Continues Into State Fair Ride Mishap

A version of the Vortex thrill ride that malfunctioned at the State Fair injuring five passengers.
Credit Technical Park International

State Fair organizers are continuing their investigation into why a thrill ride malfunctioned injuring five people.  Fair-goers won't be able to ride "The Vortex" this final weekend of the 2013 fair.  The ride revved up again unexpectedly after it was stopped to let people off Thursday night. Two of the five people were said to be critically hurt.  

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Business & Economy
6:05 pm
Thu October 24, 2013

TIMCO Sold To Asian Company

Credit redlegs21 via Flickr, Creative Commons

Greensboro based TIMCO Aviation is being sold to Hong Kong company for 388 million dollars. TIMCO is one of the nation’s largest MROs (maintenance, repair, and overhaul). It provides service to commercial and military aircraft and has government contracts. The hedge fund that owns TIMCO agreed this week to sell the company to HAECO for $388 million. The deal will create one of the largest MROs in the world.

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Business & Economy
6:41 am
Tue October 22, 2013

State Jobless Numbers Delayed

NC jobless figures delayed because of government shut down.
Credit NC Policy Watch

The state Commerce Department was scheduled to release North Carolina’s September jobless rate today.  But figures are on hold because of the federal government shut down.

Just like every other state across the country, North Carolina’s jobless numbers are crunched by the Bureau of Labor Statistics.  But the 16-day government shutdown has resulted in a delay to the states.  Most of the people responsible for analyzing the data were furloughed.

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Business & Economy
10:16 am
Mon October 21, 2013

New Members For High Speed Rail Commission

Credit Mark Hogan / Flickr Creative Commons

The state DOT is swearing in new members of a high speed rail commission in North Carolina. 

Four members of the General Assembly and a Raleigh attorney will be named Monday to the Virginia-North Carolina High Speed Rail Compact.  Crews are working to upgrade tracks between Charlotte and Raleigh now for the corridor that's planned to run from Atlanta to Washington, D.C.  Supporters of the project have said high speed rail is key infrastructure.  Opponents have called it too costly. 

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