Business

Cooper’s Covid-19 emergency budget: Bonuses for educators, extended unemployment benefits, help for restaurants and bars

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Gov. Roy Cooper rolled out a supplemental emergency relief budget to include $4 billion in federal money that North Carolina received from the Consolidated Appropriations Act, 2021, signed by Congress at the end of December. He is also asking for an additional $695 million from the $5 billion available in the North Carolina general fund. […]
Brunswick Nuclear Plant, off River Road in Southport, is currently under federal emergency status, which waives the plant from regulatory requirements that pertain to employee work-hours and alloted breaks. (Port City Daily photo/Johanna Ferebee)

Duke Energy wants to keep Brunswick Nuclear Plant running

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BRUNSWICK COUNTY — Unlike the infamous headlines Duke Energy has faced for its coal-ash issues over several years, the Charlotte-based utility’s nuclear fleet has garnered less interest. But with an ambitious goal of reaching net zero carbon emissions by 2050, Duke’s 11 nuclear-powered units at six plants in both North and South Carolina are in the […]

Report shows ILM increases economic impact from 2019 banner year, doesn’t account for 2020 passenger decrease

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WILMINGTON — Though in 2020 Wilmington International Airport (ILM) saw a decrease in passengers by more than half due to the pandemic, the NC Department of Transportation’s Division of Aviation’s report — completed every two years — shows the airport’s impact on jobs and economic growth is on the uprise in 2019 (the report does not […]

Duke Energy will pay for some of coal ash cleanup, but customers still footing most of the bill

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WILMINGTON — When Duke Energy agreed last year to clean up and permanently close its nine remaining coal-ash basins in North Carolina, what it did not agree to was paying for it. The issue of who will pick up the tab became clearer Monday when Attorney General Josh Stein announced that his office and two […]

SBA opens second round of PPP loans, serves low-income communities first

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On Jan. 11, the U.S. Small Business Administration (SBA) will reopen the Paycheck Protection Program (PPP) for low-interest loans that the administration will forgive as long as businesses keep within the guidelines of using the money for payroll and other eligible expenses. Through 2020, up to 5.2 million loans worth $525 billion went to America’s small […]

Big wave surfer and surf shop creative director plan to revamp site of former Causeway Market

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WRIGHTSVILLE BEACH — The building previously home to Wrightsville Beach’s Causeway Market might soon return to action, after its new owners secured unanimous approval from the town’s planning board for project plans at the property. The site has long been unoccupied; the previous owner closed Causeway Market and listed the building for sale over a year […]
Available real etate inventory is being "gobbled up" according to Patrick LaJeunesse, spokesperson for Cape Fear REALTORS®. LaJeunesse said the month's supply of real estate inventory is the lowest he's seen since 2006. (Port City Daily/Johanna Ferebee)

Amid rough economic year, local residential real estate market had a red-hot 2020

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SOUTHEASTERN N.C. — Like all other industries this spring (besides, maybe, Netflix) the residential real estate market took a hit when the pandemic arrived. Partially buoyed by an ability to operate within government restrictions that crippled other businesses, local real estate proved nearly untouchable by the end of the year, as if there wasn’t a […]

PPE supplies wax and wane, but one local company is helping counteract rising costs

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SOUTHEASTERN N.C. — It’s been a year of shortages: toilet paper, hand sanitizer, masks, disinfectant wipes, gloves.  Foggers — used to sanitize large spaces — were on back order over the summer. Restaurateurs experienced a surge in takeout items.  Related: Surcharges and increased prices help some businesses deal with the aftereffects of Covid-19 So where […]

Meet Holly Childs, WDI’s new president

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WILMINGTON — “Tangible results” are at the crux of Holly Childs’ work ethic. It’s what she hopes to bring to Wilmington when she takes over as president of Wilmington Downtown Inc. (WDI) in January.  WDI focuses on economic development and shaping the downtown area with viable business and real estate growth. It also promotes downtown […]
The Bald Head Island Transportation Authority is working to acquire the island's multi-million dollar, privately-owned ferry system. (Port City Daily photo/Johanna Ferebee)

Deep Dive: State treasurer asks Bald Head Limited to donate $47 million ferry system, company denies request

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Update 4:50 p.m.: This article has been updated to include a response from Bald Head Island Limited. BRUNSWICK COUNTY — On the heels of his first visit to Bald Head Island, N.C. State Treasurer Dale Folwell is publicly asking Bald Head Island Limited, LLC to donate — rather than sell — its ferry system, valued […]