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Economy

NC Ports takes step toward wood pellet business

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video New business could be burning its way into the Port of Wilmington. After months of negotiations the North Carolina Ports Authority and wood pellet company Enviva are inching closer to a partnership. Full story...
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Study shows economic impact of Battleship on Cape Fear area

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Research found that the USS North Carolina makes a significant and remarkably consistent contribution to the economy of its community. The significance of the ship's contribution to the regional economy was magnified by the "counter-cyclical" nature of its impact. Full story...
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Wilmington cleans up old gas station to spur redevelopment

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videoThe City of Wilmington is clearing the site of an old gas station to help spur development in the neighborhood. Full story...
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Bluegrass festival benefits local economy

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videoFolks jammed out to the 9th Annual Mostly Bluegrass Spring Festival in Shallotte this weekend. Bands took stage at the farmer's market in riverside park while patrons sang and danced. Mostly Bluegrass Society Events Coordinator Jim Caulder says they play for the love of the music, but also for the continuation of the music into the next generation. Full story...
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Soccer tournament boosts economy

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videoThe 20th Annual Seaside Soccer Tournament kick-started the local economy this weekend. Over 300 teams and over 4,000 people from North Carolina and as far as Georgia occupied several fields throughout New Hanover County during the day, and then spent money on hotel rooms, restaurants, and stores after game's end. Full story...
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Stocks surge in early trading after hiring climbs

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A big gain in the job market is lifting the stock market to a record high. The Dow Jones industrial average crossed 15,000 for the first time ever. Full story...
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Films spent $278 million here, earned $69 million last year

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Film, television and commercial productions spent more than $275 million in North Carolina and employed about 14,000 people in the past fiscal year, according to NC Department of Revenue records. Full story...
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Report: 'Iron Man 3' generated $180M, 2,000 jobs in NC

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videoA new report analyzing the impact of "Iron Man 3" filming in North Carolina shows the movie is responsible for $179.8 million in spending and 2,043 jobs in the state, according to the Motion Picture Association of America. Full story...
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GE Hitachi deal to bring more jobs to area

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videoGE Hitachi says a new deal with a Virginia power company will mean its New Hanover County plant is about to grow. Full story...
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Report shows offshore drilling could be big business, but hurt fishing, tourism

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video Fishing and tourism are two multi-million dollar industries in North Carolina, but Dr. Mike Walden's new study says there could be even more money to be made if the coastline had a slightly different view featuring drilling wells. Full story...
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Ply Gem to bring 145 jobs to Fair Bluff

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Gov. Pat McCrory and NC Commerce Secretary Sharon Decker announced today that Ply Gem Industries, a manufacturer of building products, will expand its operations in Columbus County. The company plans to create 145 jobs and invest $15.5 million over the next three years in Fair Bluff. Full story...
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Regional effort trying to move Brunswick County back into Wilmington metro area

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videoWe all know Brunswick County is part of southeastern North Carolina, but the federal government sees the map differently. A new designation means the Census Bureau will factor Brunswick County's population, income and demographics into the Myrtle Beach Metropolitan Statistical Area. Full story...
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State conference looks at link between film and tourism industries

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video Tourism is a driving force for North Carolina's economy, and the movie and TV industry is helping fuel that economic engine. Full story...
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MetLife to move 2,600 jobs to NC from NE, Calif.

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Insurance giant MetLife Inc. is moving 2,600 jobs from offices in four Northeast states and California to North Carolina, which is offering tax and other incentives that could be worth almost $100 million. Full story...
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Wilmington water bills may be going up $5 per month

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video Under the proposal, the average residential customer using 10,000 gallons bi-monthly would see a rate increase that will address more than $25 million dollars in future sewer and water infrastructure projects, as well as increased operating costs and service on CFPUA’s debt. An average residential customer will see their bill rise $4.90 a month or $9.80 every billing period. CFPUA’s billing cycle is every other month. Full story...
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