Business http://wfae.org en Are NC Film Incentives Worth It? Part 2: Running The Numbers http://wfae.org/post/are-nc-film-incentives-worth-it-part-2-running-numbers <p><span style="line-height: 1.5;">The curtain is poised to come crashing down on North Carolina’s film incentive.</span></p><p>Wednesday, the House Finance Committee adopted a plan which would slash the amount a production company could receive, from $20 million to five million.</p><p> Thu, 12 Jun 2014 04:11:10 +0000 Tom Bullock 52741 at http://wfae.org Are NC Film Incentives Worth It? Part 2: Running The Numbers Are NC Film Incentives Worth It? Part 1: How They Work http://wfae.org/post/are-nc-film-incentives-worth-it-part-1-how-they-work <p></p><p>For the past seven years North Carolina has been aggressively trying to lure movie and television shows to film in the state. Their bait? Tax dollars.</p><p><span style="line-height: 1.5;">Since the program began it has been hugely successful.&nbsp;</span><span style="line-height: 1.5;">But the film incentive program is controversial.&nbsp;</span><span style="line-height: 1.5;">In Raleigh there is a movement to change the program or let it sunset at the end of this year.</span></p><p><span style="line-height: 1.5;">This week, we take&nbsp;</span><span style="line-height: 1.5;">a closer look at the incentives program and proposals to change it. This report looks at how the system works and how much money just one TV show spends in the state.</span></p><p></p><p> Wed, 11 Jun 2014 13:35:42 +0000 Tom Bullock 52655 at http://wfae.org Are NC Film Incentives Worth It? Part 1: How They Work Postal Workers Fear Expansion Of Staples Pilot Program http://wfae.org/post/postal-workers-fear-expansion-staples-pilot-program <p><span style="line-height: 1.5;">About two dozen Postal Service employees protested uptown today because they fear more of their work will be outsourced to Staples.</span></p><p>The protest was in response to a comment made by the Postmaster General, in which he said he was so pleased with a pilot program with Staples that he would like to see a post office counter in all 1,500 Staples stores.</p><p> Thu, 24 Apr 2014 21:13:44 +0000 Tasnim Shamma 49665 at http://wfae.org Postal Workers Fear Expansion Of Staples Pilot Program Rooftop Solar Boosters Worry Boom Will End If Duke Gets Its Way http://wfae.org/post/rooftop-solar-boosters-worry-boom-will-end-if-duke-gets-its-way <p>Americans installed solar panels at their homes last year at a record pace, and backers of rooftop solar picture a not-too-distant future, where entire neighborhoods power themselves with the sun’s rays. For now, users and the industry rely on generous tax incentives and special agreements with electric utilities to reach affordability. Duke Energy wants to reduce how much it pays customers for the energy they produce. Rooftop solar advocates call it an attack on a burgeoning industry, while the utility says it is about cost.</p><p></p><p> Tue, 04 Feb 2014 14:32:56 +0000 Ben Bradford 44306 at http://wfae.org Rooftop Solar Boosters Worry Boom Will End If Duke Gets Its Way Feds Seeking $2.1B From Bank Of America http://wfae.org/post/feds-seeking-21b-bank-america <p><span style="line-height: 1.5;">The U.S. Attorney General’s office is seeking to more than double the fines Bank of America faces for fraudulent mortgages that helped lead to the financial crisis.</span></p><p></p> Thu, 30 Jan 2014 18:09:37 +0000 Ben Bradford 44040 at http://wfae.org Feds Seeking $2.1B From Bank Of America NC Venture Capital Slow To Return Post-Recession http://wfae.org/post/nc-venture-capital-slow-return-post-recession <p><span style="line-height: 1.5;">Venture capital investment is best known for funding technology start-ups, including, once upon a time, Google and Facebook. The amount of venture capital funding is also an indication of how many start-ups or early stage companies a region is producing. The latest numbers in North Carolina show the state still has not recovered from the recession.</span></p><p></p><p> Wed, 22 Jan 2014 21:35:13 +0000 Ben Bradford 43506 at http://wfae.org NC Venture Capital Slow To Return Post-Recession Family Dollar Profits Drop As Core Customer Struggles http://wfae.org/post/family-dollar-profits-drop-core-customer-struggles <p><span style="line-height: 1.5;">Matthews-based discount chain Family Dollar started to report record profits about 5 years ago when the country was in a recession.</span></p><p>And now as the economy is recovering, the company seems to be having a bit of trouble holding on to customers it gained during the leaner times.&nbsp;</p><p>But Family Dollar's recent decrease in profits is a little more complicated than that.</p><p><span style="line-height: 1.5;">In a conference call this month, Family Dollar CEO Howard Levine told investors an economic recovery is underway:</span></p> Tue, 21 Jan 2014 14:13:15 +0000 Tasnim Shamma 43243 at http://wfae.org Family Dollar Profits Drop As Core Customer Struggles Bank Of America Profits By Reducing Expenses http://wfae.org/post/bank-america-profits-reducing-expenses <p>Bank of America shares jumped almost 2 percent overnight, up to over $17 a share, as the company announced better-than-expected profits in its fourth quarter.</p><p></p><p> Wed, 15 Jan 2014 19:13:10 +0000 Ben Bradford 43057 at http://wfae.org Bank Of America Profits By Reducing Expenses Chinese Textile Manufacturer Finds A Good Deal In South Carolina http://wfae.org/post/chinese-textile-manufacturer-finds-good-deal-south-carolina <p>Last month, a Chinese textile company announced it would invest <a href="http://sccommerce.com/news/press-releases/keer-group-invest-218-million-create-501-jobs-lancaster-county" target="_blank">$218 million</a>&nbsp;to bring more than 500 jobs to Lancaster County, South Carolina in the next five years.</p><p>The Keer Group is building its first facility outside China in Indian Land. But in exchange for bringing jobs to South Carolina, the company will pay less than half of the property tax rate and receive a 7.7 million dollar bond to help pay for construction. &nbsp;</p><p></p><p> Mon, 06 Jan 2014 03:12:38 +0000 Tasnim Shamma 42335 at http://wfae.org Electrolux Announces 810 New Jobs, $85M Investment In Charlotte http://wfae.org/post/electrolux-announces-810-new-jobs-85m-investment-charlotte <p>Appliance Maker Electrolux announced it will add more than 800 jobs with the expansion of their U.S. corporate headquarters in Charlotte.&nbsp;<span style="line-height: 1.5;">Electrolux says it will also invest more than $85 million toward construction costs for the expansion.</span></p><p></p><p> Sat, 21 Dec 2013 02:58:56 +0000 Tasnim Shamma 41570 at http://wfae.org Electrolux Announces 810 New Jobs, $85M Investment In Charlotte