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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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