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Economy

FIRST ON 3: NC commerce secretary not discouraged by loss of industry to other states

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videoContinental Tire and Caterpillar both considered building in Brunswick County, but both decided to go somewhere else. Commerce Secretary Keith Crisco does not see this as a negative, but a positive; not because we lost the companies, but because they considered us in the first place. Full story...
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Dow closes above 13,000 for first time since 2008

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The Dow Jones industrial average has closed above 13,000 for the first time since May 2008, four months before the financial crisis. Full story...
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First house listed at more than $3 million sold since 2010

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Intracoastal Realty reached a significant sales milestone this month, with the $3.15 million sale of 14 Southridge Road on Wrightsville Beach, NC. This is the first sale over $3 million in Brunswick, New Hanover, and Pender counties since October 2010 and the first $3 million-plus sale on Wrightsville Beach since September 2009, according to local MLS data. Full story...
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Productions spent $113M in Wilmington in 2011; more predicted for 2012

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Movie, TV and commercial productions spent more than $113 million on goods and services in the Wilmington area last year, according to the Wilmington Regional Film Commission. The commission expects an even better year in 2012. Full story...
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FIRST ON 3: Brunswick County eliminated from Caterpillar search last week; thousands of jobs to Georgia

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video Caterpillar will not call southeastern North Carolina its new home. Brunswick County Economic Development Commission Executive Director Jim Bradshaw says Brunswick County was eliminated from the selection for a proposed manufacturing plant back on February 7, but officials chose to keep that decision quiet until now. Full story...
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Caterpillar to build plant in Georgia, create 4,200 jobs

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Georgia Gov. Nathan Deal confirmed that Caterpillar plans to build a new manufacturing facility in Georgia, a project company officials say will create more than 4,200 US jobs. Full story...
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Wilmington-shot 'Journey 2' takes 3-D movies to new dimensions

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videoIt's a milestone day in Hollywood East. "Journey 2: The Mysterious Island" opened today. It's the first big production shot on the so-called Dream Stage at Screen Gems. The movie features special effects and underwater scenes never before shot in 3-D. Many of them were shot in Wilmington. Full story...
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Brunswick Co. leader says 'large project' in the works, met with company last week

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video Word of whether Brunswick County will be the new home for Caterpillar is still under wraps, but one county leader has confirmed a big project is currently in the works. Full story...
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Gov. Perdue sheds some light on plan to draw big employer to Cape Fear

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video Gov. Bev Perdue says she met with a big employer last week about setting up shop in our region, but details are still very hush-hush. Full story...
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Caterpillar met recently with local elected officials, school leaders as site pick nears

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video School officials in New Hanover County say Caterpillar talked to them and Brunswick County educators recently to discuss their schools. Why here? In an e-mail to Peoria County, IL, Caterpillar reportedly said it wants to move the factory closer to its facility in Cary and wants better port access. Full story...
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'Best value' colleges: Some have high price tags

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The latest list of America's "best value" colleges includes several with the highest sticker prices in the nation, according to a new ranking released Monday. Full story...
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Developers plan Chinatown outside Raleigh

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A North Carolina developer is planning to turn a nearly deserted outlet mall across Interstate 40 from Raleigh-Durham International Airport into a center of Chinese commerce Full story...
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National unemployment rate falls to 8.3 pct. after hiring surge

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The unemployment rate fell for the fifth straight month after a surge of January hiring, a promising shift in the nation's outlook for job growth. Full story...
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ONLY ON 3: Entrepreneurs look for chance to hatch business in Burgaw Incubator Kitchen

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video The Burgaw Incubator Kitchen has helped one business get off the ground and even expand. It's a success story for both the kitchen and the small business. The problem is, the business has been using the kitchen for nearly two years.. It's leaving some entrepreneurs wondering when it's their turn. Full story...
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Unemployment surges in Brunswick, Columbus, Bladen

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Unemployment was up in 93 of North Carolina's 100 counties during December, including four of five counties in our area, according to numbers released this morning by North Carolina Department of Commerce - Labor and Economic Analysis Division. Full story...
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