Business & Economy

The State of Things
12:10 pm
Wed September 3, 2014

American Tobacco Turns 10

Items from the old American Tobacco Campus.
WUNC - Hady Mawajdeh

This year marks the 10th anniversary of the American Tobacco Historic Campus revitalization in downtown Durham. The businesses and retail stores occupy a space that was once the epicenter of the tobacco industry. 

Host Frank Stasio talks with former American Tobacco employee Richard Clements about the rise, fall and rebirth of the area.

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Business & Economy
9:55 am
Wed September 3, 2014

Duke Energy, Piedmont Natural Gas Partner For 'Atlantic Coast Pipeline'

Pipeline segments
Credit Harald Hoyer / Creative Commons

Two North Carolina power companies have announced plans to build a pipeline, connecting to natural gas supplies in the Northeast. 

Duke Energy and Piedmont Natural Gas say the pipeline will stretch 550 miles from eastern North Carolina to West Virginia.  That state has a distribution center that gathers natural gas from its own drilling operations, as well as those in Ohio and Pennsylvania.

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Business & Economy
5:00 am
Wed September 3, 2014

Jim Goodmon: 'I Really Believe That You Can Do Anything If You Work Hard Enough'

Jim Goodmon with his son, Michael.
Credit StoryCorps

American Brands closed the Lucky Strike tobacco factory in downtown Durham in 1987. It was still abandoned in 1995, when Jim Goodmon, President of Capitol Broadcasting Company, built the new Durham Bulls stadium across the street. Goodmon says he’d go to the baseball games and stare at the gigantic, abandoned warehouse. He eventually decided to try to bring it back to life, and he tells that story to his son, Michael.

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Business & Economy
5:00 am
Wed September 3, 2014

LISTEN: Now 92, She Worked At American Tobacco When It Still Made Cigarettes

Annie Lou Andrews speaks with Phoebe Judge.

For decades, ten of thousands of workers walked in to the American Tobacco Company in Durham each day.  This is the story of one of those who stayed the longest.  Annie Lou Andrews is 92 years old. She is the second woman to work in a supervisory role at American Tobacco. She says her first day in leadership, you could feel the tension; the office was quiet enough to hear a pin drop. "I thought, 'uh-oh,'" she says. She spoke with Phoebe Judge.

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Business & Economy
10:29 am
Sat August 30, 2014

Durham Business Owner Reaches Financial Goal, Still Closing Doors

Intrepid Life Coffee and Spirits owner and Marine veteran Matt Victoriano
Credit Carol Jackson

Update 9/6/14:

Today is the last day of business for Durham's Intrepid Life Coffee and Spirits. Owner Matt Victoriano, who opened the shop earlier this year, was behind in rent after a lackluster summer. But area business owners and customers rallied behind Victoriano, a former Marine sniper. His Indiegogo campaign, and an auction, raised enough money to cover his immediate needs. Even so, the business will close, and open at a later date in a new location.

From Intrepid Life's Facebook page:

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Business & Economy
7:33 am
Fri August 29, 2014

Will Lack Of NC Business Incentives Push Lawmakers Back Into Session?

Credit Dave DeWitt

Leaders in economic development circles across the state are speaking out against the General Assembly's decision to end the short legislative session without passing an economic incentives package.

For the past decade, the state has used the Job Development Investment Grants program, or JDIG, to help lure large businesses to the state, but money in the fund could run out by late October.

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Business & Economy
7:28 am
Fri August 29, 2014

A Solar Bright Spot In The NC Economy

The Erwin Solar Farm in Harnett County has operating life of over 30 years.
Credit Strata Solar

Strata Solar has constructed more than 60 clean energy projects across North Carolina, and they hosted a ribbon-cutting Thursday.

It’s just another example of how fast the solar sector is growing in the state.

Betsy McCorkle is Director of Government Relations for the North Carolina Sustainable Energy Association.  She says solar represents $1.5 billion in investments across North Carolina, and growing.

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The State of Things
12:26 pm
Wed August 27, 2014

Asheville’s Just Economics Impact on Workers

Just Economics is trying to get a living wage for working class in Western North Carolina.
Credit http://justeconomicswnc.org/

  The Asheville nonprofit Just Economics has been pushing for local businesses to pay a living wage. 

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The State of Things
10:07 am
Tue August 19, 2014

Fast Growing Poverty in North Carolina

Poverty is growing rapidly in the South, and four NC cities are at the top of the list.

    

A new report from the Brookings Institution ranks four North Carolina cities among the top 15 in the country where poverty is soaring fastest: Raleigh, Charlotte, Winston-Salem and Greensboro-High Point. 

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Business & Economy
9:24 pm
Mon August 18, 2014

NC Jobless Numbers Show Slow Economic Recovery

The July 2014 jobless rate shows little movement, little recovery.
Credit Thinglass / Shutterstock.com

North Carolina’s unemployment rate hasn’t moved much in the past several months as the state continues its slow trek towards job growth.

The North Carolina Department of Commerce reports a July jobless rate of 6.5 percent.  That’s one-tenth higher than the month before, but 1.6 percentage points lower than a year ago.

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