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Business

NC Ports Authority chooses new executive director

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The North Carolina State Ports Authority has a new executive director. The Authority’s Board of Directors confirmed the choice of Paul J. Cozza at its regularly scheduled meeting Thursday. Full story...
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Duke shareholders want probe of coal ash spill

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Duke Energy shareholders are calling on the company's board to launch an independent investigation into issues surrounding a massive coal ash spill that coated 70 miles of a North Carolina river in toxic sludge. Full story...
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New report says rental prices in Wilmington unaffordable

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Renters in Wilmington need to earn $15.73 per hour in order to afford a basic apartment here, according to a report released today that compares the cost of rental housing with what renters can really afford. Full story...
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'Shark Tank' star shares secret to success

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videoCall it controversial. Call it honest. Real estate mogul Barbara Corcoran and one of the star's on ABC's "Shark Tank" says she was an awful student. She actually credits something surprising to her success. Full story...
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Judge rejects Duke's call to stay ruling

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A judge is rejecting Duke Energy's attempt to stop a ruling that would force the company to take immediate action to clean up its coal ash dumps. But Duke asked Ridgeway to stay the ruling until the company could appeal. Duke officials did not immediately return telephone calls seeking comment Thursday. Full story...
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ILM hopes packages to NY will bring in more business

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video Are you looking for a weekend trip or getaway? Wilmington International Airport is looking to boost passenger numbers by offering travel packages to the Big Apple. Full story...
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Shuckin' Shack looks to franchise

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videoA local restaurant wants to take its idea national. The Shuckin' Shack is looking to take a model that's been successful on Pleasure Island and in downtown Wilmington and sell it to other entrepreneurs. Full story...
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Cape Lookout generates $20 million for economy

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A report complied for the National Park Service finds that the Cape Lookout National Seashore on the North Carolina coast means more than $20 million for the local economy and supports about 300 jobs. The report said the seashore attracted about 480,000 visitors during 2012. Full story...
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Charlotte Douglas airport reopens 4th runway

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Charlotte Douglas International Airport has reopened its fourth runway after a review ordered by the Federal Aviation Administration. The Charlotte Observer reported the reopening of the airport's shortest runway comes after the FAA had ordered it closed because of safety concerns. Full story...
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Locals split on recreational marijuana legalization

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video The state of Colorado has turned hash into cash and the success of recreational marijuana use is sparking a conversation locally on whether the Tar Heel state should dive into the budding industry. Full story...
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Local governments could face $100 business tax cap

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Legislators at the General Assembly are interested in streamlining how local governments can tax North Carolina businesses in a move that could take away millions of dollars from the state's largest cities. A committee that focuses on tax issues unveiled Wednesday a new version of a bill that would repeal the business privilege license tax municipalities can charge and replace it with a new tax that would be capped at $100 per business location. Full story...
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Greensboro food pantries expecting bare shelves

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Food pantries in the Greensboro area expect their supplies to run out after more than 100,000 went without power in Guilford County because of a winter storm. The News & Record of Greensboro reports Greensboro Urban Ministry and the Blessed Table Food Pantry are encouraging area residents to donate to their shelters. Full story...
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Exec: Screen Gems committed to Wilmington despite Miami expansion

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videoScreen Gems is expanding down south. EUE/Screen Gems Studios already has facilities in New York, Atlanta and, of course, Wilmington. And in about 15 months, it will have yet another studio in Miami. Full story...
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Boatbuilder opening up shop near Navassa

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video Months after losing hundreds of jobs when DAK Americas closed its doors, a new business is coming to Navassa, albeit with far fewer jobs. Full story...
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NC leaders deciding again on state's film break future

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North Carolina's film incentives may finally become a permanent fixture in the state's economic development pitch to television and movie producers. Or it could get written out of the script. Full story...
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