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Economy

Zoning request approved for 300-acre development

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video The City of Wilmington Planning Commission met tonight to discuss a number of issues including the future of nearly 300 acres of land on the north and south sides of Independence Boulevard between South 17th Street and Carolina Beach Road. Full story...
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Council of State approves wood pellet facility at Port of Wilmington

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The Council of State has approved a lease agreement to let a wood pellet maker build a facility at the State Port of Wilmington. The North Carolina State Ports Authority Board of Directors approved the deal with Enviva Holdings, LP last week. Full story...
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NC Ports takes step toward wood pellet business

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video New business could be burning its way into the Port of Wilmington. After months of negotiations the North Carolina Ports Authority and wood pellet company Enviva are inching closer to a partnership. Full story...
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Study shows economic impact of Battleship on Cape Fear area

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Research found that the USS North Carolina makes a significant and remarkably consistent contribution to the economy of its community. The significance of the ship's contribution to the regional economy was magnified by the "counter-cyclical" nature of its impact. Full story...
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Wilmington cleans up old gas station to spur redevelopment

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videoThe City of Wilmington is clearing the site of an old gas station to help spur development in the neighborhood. Full story...
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Bluegrass festival benefits local economy

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videoFolks jammed out to the 9th Annual Mostly Bluegrass Spring Festival in Shallotte this weekend. Bands took stage at the farmer's market in riverside park while patrons sang and danced. Mostly Bluegrass Society Events Coordinator Jim Caulder says they play for the love of the music, but also for the continuation of the music into the next generation. Full story...
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Soccer tournament boosts economy

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videoThe 20th Annual Seaside Soccer Tournament kick-started the local economy this weekend. Over 300 teams and over 4,000 people from North Carolina and as far as Georgia occupied several fields throughout New Hanover County during the day, and then spent money on hotel rooms, restaurants, and stores after game's end. Full story...
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Stocks surge in early trading after hiring climbs

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A big gain in the job market is lifting the stock market to a record high. The Dow Jones industrial average crossed 15,000 for the first time ever. Full story...
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Films spent $278 million here, earned $69 million last year

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Film, television and commercial productions spent more than $275 million in North Carolina and employed about 14,000 people in the past fiscal year, according to NC Department of Revenue records. Full story...
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Report: 'Iron Man 3' generated $180M, 2,000 jobs in NC

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videoA new report analyzing the impact of "Iron Man 3" filming in North Carolina shows the movie is responsible for $179.8 million in spending and 2,043 jobs in the state, according to the Motion Picture Association of America. Full story...
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