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Economy

Unemployment down in last year in Wilmington area

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videoThe unemployment rate for the Wilmington area stayed flat from September to October, but it's down for the last year. The Wilmington metro area's 7.7 percent rate for October is 1.4 points lower than a year earlier. Full story...
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Study reveals potential $10 million loss without film incentive

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videoNew Hanover County could see an estimated loss of more than $10 million in tax revenue if the state's film incentive expires at the end of 2014, according to initial findings of a study released Monday. Full story...
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Town Hall meeting discusses importance of policy in New Hanover County

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video Policy is a six letter word, but according to the North Carolina Justice Center its meaning effects everyone from the mountains to the coast. Full story...
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Wilmington, New Hanover look for input on economic development plan

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videoNew Hanover County and the City of Wilmington want public input on creating an economic development strategy. The city and county have partnered with Garner Economics, LLC to work on the plan. Full story...
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Retail shops coming to former Rum Runners building

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video Store owners say that business is booming in downtown Wilmington, and now they’re looking for some new shops to keep the momentum going. Full story...
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Corning cuts to impact Wilmington plant

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video Corning says planned job cuts will impact its plant here in Wilmington. What's not known is how many people will lose their job in the Port City. Full story...
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ONLY ON 3 INVESTIGATION: While teacher pay stays flat, 6 secretaries make more than $50k at New Hanover Co. Schools

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videoNew details in our investigation of a reported relationship between New Hanover County Schools Superintendent Dr. Tim Markley and an administrative assistant he supervised. We are learning more about why she and some other administrative assistants have higher salaries than most teachers. Full story...
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Good idea for Downtown Wilmington? Raleigh mayor announces Downtown Raleigh Alliance gift card program

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Mayor Nancy McFarlane announced Wednesday the Shop Downtown Raleigh gift card program sponsored by the Downtown Raleigh Alliance, set to launch on Friday. For a one dollar activation fee, shoppers can purchase the plastic cards online at ShopDowntownRaleigh.com, and use them to make purchases at any participating downtown Raleigh business. All the money you spend on the card will return to businesses downtown. Full story...
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New seafood processor creating 120 jobs in Pender County

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videoA seafood processor plans to create more than 100 new jobs in Pender County, according to state and local leaders. RC Creations, LLC, a seafood processing company, plans to create 120 new jobs and invest more than $25 million by the end of 2017. Full story...
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Forecast: Local economy will grow at national rate

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videoIt's been four years since the end of the last recession. Dr. Woody Hall says employment is only four-percent higher than what it was then. Despite that, the economics and finance professor says the local economy will grow as rapidly as the nation's for the first time in about five years. Full story...
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Lumberton tops list of poorest cities in US

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videoLumberton tops the list of poorest cities in the country, according to Credit.com. Full story...
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FIRST ON 3: Government shutdown costing New Hanover Co. $300,000 a week; Planning service cuts

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videoIn response to lost funding, the administration is moving forward with the following reduction plan, effective immediately, to generate the necessary weekly reduction of $300,000... Full story...
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McCrory pushes manufacturing jobs, says outlook good for SENC

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videoNorth Carolina's economy continues to try and bounce back from the great recession. Now Gov. Pat McCrory is pushing a sort of back-to-the-future approach by focusing on manufacturing jobs. McCrory says manufacturing is key to our economic recovery. The question, though, is where are those jobs for our community. Full story...
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Gov. McCrory visits New Hanover Co. for Manufacturing Day Proclamation

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videoGov. Pat McCrory will visit the Wilmington area Friday. He will be at the Cape Fear Community College's North Campus to make a proclamation in honor of Manufacturing Day. Full story...
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FIRST ON 3: WDI names Wolverton as new President and CEO

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Wilmington Downtown, Inc. (WDI) Board of Directors is pleased to announce Ed Wolverton as the new President and Chief Executive Officer. The search for the new WDI President and Chief Executive Officer was conducted nationwide with a total of 38 resumes received. Full story...
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