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Economy

FIRST ON 3: Commissioner Berger's house in foreclosure, to be auctioned off

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New Hanover County Commissioner Brian Berger's house is being foreclosed according to a notice posted this week in the Lumina News. It will also be auctioned off at the New Hanover County Courthouse on May 29 at 10 a.m. Full story...
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New program helps bring local produce to your table

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video Looking for fresh, locally grown produce, but don't have the time to shop around? We might have a solution for you. The Feast Down East local food buying club recently opened to the public, and it does not just benefit your health. Full story...
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Whole Foods set to open, as upscale grocery trend continues in Wilmington

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Upscale grocery stores have begun popping up across the Port City. The newest is the Whole Foods on Oleander Drive, which is scheduled to open later this month. Representatives from their competition say they welcome the challenge. Full story...
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Lower gas prices creating lines at pumps

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Prices at the pump continue to fall. The Shell at Red Cross Street and N. 3rd Street in Wilmington was packed today, and they're not even lowest prices in town. Full story...
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ONLY ON 3: Tour of GE plant to discuss $2 billion deal

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video Our local economy is getting a big boost. Australian airline Qantas has placed a $2 billion order with the GE Aviation Plant in Castle Hayne. Full story...
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Qantas places $2 billion GE Aviation order

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Australian airline Qantas has placed a $2 billion order with a Castle Hayne-based General Electric Aviation subsidiary, according to a news release. Full story...
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AAIPharma unveils new 40,000 sqft technology center

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Today a Wilmington-based company unveiled a multi-million dollar investment in the local economy. Full story...
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ONLY ON 3: Who is the 'Wilmington Ballpark Coalition?'

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A closer look at the members of the WBC, what many have in common, and who's doing the organizing on their behalf. Full story...
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Downtown businesses have mixed feelings on economic impact of proposed ballpark

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video Building a baseball stadium in Wilmington could have a huge impact on the Cape Fear area, especially for businesses close by. Business owners we spoke with say a ballpark would definitely help the downtown economy, but only certain businesses would benefit. Full story...
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Business leaders join ballpark push, tax funding opponents continue petition drive

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video Building a baseball stadium has been a hot topic of conversation in Wilmington. Now, some local business leaders are stepping up to bat to support the city's effort. The Wilmington Ballpark Coalition says it is banding together for an idea members think is a home run. Full story...
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Elizabethtown cleaners closes after 67 years

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videoAn Elizabethtown business that's been open for 67 years locked up for the last time Saturday. It was a tearful ending for Ideal Cleaners, a small business that fell victim to the economy. Full story...
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Beach business booming earlier than usual

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video Warmer weather earlier in the season means more people are already making their way to the beach. That's boosting business and morale. Full story...
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CENSUS: Brunswick Co. growth slowing

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Brunswick County’s growth is showing signs of slowing, according to new population estimates released Thursday by the U.S. Census Bureau. Full story...
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February unemployment numbers better across Cape Fear

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After a surge in unemployment across the region in January, new numbers released today show better a jobs picture for the Cape Fear in February. According to the Department of Commerce's Labor & Economic Analysis Division the unemployment rate in the Wilmington area was 10.7 percent in February. That's down from 11.3 percent in January and 11.2 percent in February 2011. Full story...
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P.F. Chang's coming to Wilmington?

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A popular national Asian fusion restaurant chain may make an appearance in the Port City. Officials with Scottsdale, Ariz.-based P.F. Chang’s confirmed Wednesday that the company is “evaluating” the Wilmington market. Full story...
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