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Economy

Downtown businesses prepare for 67th Annual Azalea Festival

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video The Azalea Festival kicks off Thursday with the Queen’s Coronation. Downtown businesses say they are looking forward to this year’s events, because for them it means an increase in business. Full story...
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NC tax collections largely in line through March

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North Carolina's overall tax collections are essentially staying in line with what lawmakers agreed were needed to operate state government this year. Full story...
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Auto parts maker to add 200+ jobs at NC factory

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A British-based company that manufactures parts for automakers plans to expand a North Carolina factory by nearly 230 jobs over five years. Full story...
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New report says film study wrong, NC loses money on incentives

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videoA report by legislative staff says a recently-released study of the the film industry in North Carolina is wrong about the state benefiting from tax incentives for movie and TV productions. Full story...
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Economist: Regional economic outlook positive

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videoThe spring outlook looks good. We're not talking weather. We're talking money. Area professionals and bankers mixed business with breakfast this morning during PNC's Regional Economic Outlook. Full story...
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Study: Loss of film incentive would have negative impact on NC

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videoA new study on the impact of the film industry in North Carolina shows the tax incentives promoting the industry have a positive economic impact. A group of film commissions across the state, including the Wilmington Regional Film Commission, commissioned the study. Full story...
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Brunswick County leaders react to job losses

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videoNearly 100 people will lose their jobs when a Brunswick County factory transfers the positions to Mexico. Victaulic said it will eliminate those jobs over the next year. Full story...
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FIRST ON 3: Leland plant losing 90 jobs to Mexico

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videoA Brunswick County factory will start cutting jobs soon. A spokesman for Victaulic says 90 positions will be eliminated over the next year. Full story...
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WALL STREET JOURNAL: North Carolina had more job losses than any other state

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The Tar Heel State shed a seasonally adjusted 11,300 jobs in February from the prior month as it continues to grapple with the decline of its traditional manufacturing, tobacco and textile industries, according to new Labor Department figures released Friday. Full story...
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Wilmington area second fastest growing in state

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video Newly released Census information shows the Wilmington area is one of the fastest growing in the state. That's even without Brunswick County, which was removed from the region's data by the US Office of Management and Budget last year. 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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ONLY ON 3: $100,000 Jay Garner report recommends free internet, pharmacy school; Leaves out film, tourism, arts and history

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The Jay Garner Report, tasked with finding ways to grow the area's economy and recently delivered to New Hanover County and other local leaders, says aircraft assembly, life and marine sciences, high value office operations and precision manufacturing are the keys to making the area more viable for new companies to move here. 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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Film incentives will return in some form, NC Commerce's Sharon Decker says

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videoNot to worry, filmmakers and TV commercial producers. North Carolina will have something for you after the state's existing film incentives expire later this year. Full story...
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President ready to sign long-awaited Farm Bill

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videoAfter two years of bickering, our leaders on Capitol Hill have worked out a deal that could affect you the next time you go to the grocery store. Full story...
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