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Economy

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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Jones' Fish Camp closes

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Jones’ Fish Camp, which had been serving old-timey staples alongside Calabash-style seafood at 7770 Market St. since late 2009, locked the doors for good late last week. Full story...
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August unemployment rate in NC is 8.7 percent

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North Carolina's jobless rate is continuing its downward trend after a one-month increase. The state Commerce Department said Friday the August unemployment rate was 8.7 percent, compared with 8.9 percent the month before. The July rate was the first month-to-month increase since January. Full story...
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Stocks, bonds rise sharply as Fed keeps stimulus

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videoThe stock market is closing at a record high after the Federal Reserve's surprise decision to keep its economic stimulus in place. Full story...
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NC Commerce Secretary says small biz, exports keys to economic growth

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video North Carolina Commerce Secretary Sharon Decker was the guest speaker at a luncheon for business leaders in Wilmington. Decker says much of the growth in this economy is going to come from small and mid-sized businesses. Full story...
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2 NC governments consider incentives for Carowinds

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Local governments are considering whether to help Carowinds by giving more than $900,000 in incentives to the corporate owner of the theme park that straddles the North Carolina-South Carolina. Full story...
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CSX designation could help Brunswick Co. lure long-wanted jobs

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video Railroad giant CSX announced Brunswick County's Mid Atlantic Industrial Park on US 74/76 is now designated a CSX Select Site. Local leaders hope the move will eventually help bring a major manufacturer and jobs to the area. Full story...
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Duke Energy selects Brunswick County location for Site Readiness Program

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video Duke Energy Progress has chosen a 220-acre tract along the Cape Fear River in Navassa to participate in the utility's 2013 Site Readiness Program to prepare the location for potential industrial development. Full story...
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Walgreens buying Raleigh-based Kerr drugstores

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Walgreens announced Tuesday that it has entered into an agreement to buy Raleigh-based Kerr drugstores. Financial terms of the deal were not released. Full story...
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Lee Controls to create 77 jobs in Brunswick Co.

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videoLee Controls, LLC is a world-class manufacturer of round rail products. The company produces precision linear motion components, including linear precision balls, ceramic, and Teflon® bearings, pillow blocks, and accessories such as carriage locks, carriage plates, and ball screws. Full story...
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Wilmington & New Hanover Co. may pay half million in incentives to Live Oak Bank

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Wilmington and New Hanover County officials are considering ponying up $575,000 worth of incentives for Live Oak Bank. Full story...
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