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Economy

NC unemployment rate falls to 5.5 percent in December

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North Carolina's unemployment rate dropped for the fourth straight month, falling to 5.5 percent in December. Full story...
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Vertex CEO talks filling, training 1,300 new positions

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video Wilmington's newest manufacturer is just weeks away from hiring and training for more than 1,300 jobs. The CEO of Vertex Rail, Donald Croteau, stopped in Wilmington this week to visit the facility and meet with new clients. Full story...
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Pentagon pairs with Duke to build solar farm at Camp Lejeune

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The Pentagon is pairing with Duke Energy to build an 80-acre solar farm at Camp Lejeune, a sprawling U.S. Marine Corps base along the North Carolina coast. Full story...
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More money going to Oak Island beach nourishment

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videoOak Island will get help from Brunswick County for beach erosion abatement and nourishment. Tuesday night, Brunswick County commissioners approved a request for $166,666 each year for three years. According to the action agenda item for the request, the state already gave the town $1.7 million for the project that's set to start in February. Full story...
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Home insurers appeal rejected rate increase

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videoInsurance companies are not giving up on their quest to charge North Carolina homeowners more. Full story...
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NC collections gap now almost $200 million through December

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The difference between predicted revenue collections for the first half of North Carolina government's fiscal year and what's actually come in has widened slightly. Full story...
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Water Street deck redevelopment inches forward

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videoWilmington City Council discussed the water street parking deck proposals at Tuesday night's meeting. Full story...
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Cumberland board rejects hearing on chicken plant incentives

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The Cumberland County Board of Commissioners again has said no to pursuing a chicken processing plant that would have brought about 1,000 jobs to the area. Multiple media outlets reported commissioners voted 4-3 Monday against a public hearing necessary to consider a $2.5 million incentive package for Sanderson Farms. The company was considering whether to build a $113 million plant in a county-owned industrial park. Full story...
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NC governor says incentives are top priority early in session

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Gov. Pat McCrory says the legislature needs to act early this year to refresh North Carolina's economic incentives offerings because he lacks tools needed when pitching North Carolina to company executives. McCrory told a new year's business economic forum Monday he wants lawmakers to develop a "strategic incentive program" with changes "in a matter of weeks" if the state wants recent job announcements to continue. The legislative session isn't expected to begin in earnest until Jan. 28. Full story...
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Despite embargo, NC trades with Cuba

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Despite the ongoing trade embargo with Cuba, North Carolina exports millions worth of agricultural products to the Caribbean nation each year. And that figure is expected to grow as the United States normalizes diplomatic relations with Cuba. Full story...
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