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Local News
9:49 am
Thu January 8, 2015

In Largest Health Insurance Market, Premium Growth Slows

This shows the slowing growth of premiums for single coverage. In North Carolina, premiums for family coverage also slowed but not as much.
Credit The Commonwealth Fund


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Local News
6:30 am
Tue January 6, 2015

Charlotte Strikes Deal To Waive Debt From NASCAR Hall Of Fame

Credit ©Sean Busher and NASCAR Hall of Fame

Charlotte officials have struck a deal to forgive roughly $20 million in debt the city owes for the NASCAR Hall of Fame. Billed as an economic boon, the facility has never broken even since it opened in 2010, and has failed to pay off its original loans.


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Local News
4:45 pm
Tue December 30, 2014

Socialtopias - The Charlotte Startup Taking On Social Media Heavyweights

Charlotte startup Socialtopias hopes to become the next big thing in social networking.
Credit Courtesy of Socialtopias

When you think of social networking names like Twitter and Facebook come to mind. On December 31st, a small Charlotte company will take on those multi-billion dollar behemoths.

The company is called Socialtopias. And its office at the Charlotte Venture Center on South Church Street holds all the white boards and the small conference table you’d expect from a startup, but with a Charlotte twist. A large window is coated with a plastic-pixilated rendering of the Charlotte's skyline.

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Local News
6:04 am
Fri December 26, 2014

Commercial Drone Rules In 2015 Will Determine Industry Launch

Lars Soltmann, an N.C. State Ph.D. student and the flight test analyst for VX Aerospace, prepares the company's prototype drone for its first test launch.
Credit Ben Bradford / WFAE

2015 could be a bellwether year for the commercial drone industry. The Federal Aviation Administration has projected 10,000 of the devices will be in U.S. skies by 2017. They could survey land for oil companies, film aerial shots in Hollywood, and one day perhaps deliver your food. But, the industry’s impact will depend largely on an upcoming federal decision.


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Local News
4:58 pm
Fri December 19, 2014

Top Charlotte Execs Discuss Economy At Chamber Luncheon

Credit Ben Bradford / WFAE

Leaders of some of the region’s largest companies have high hopes for the coming year. At the Charlotte Chamber of Commerce’s annual Economic Outlook luncheon, CEOs of Bank of America and Duke Energy, among others, discussed the state of the economy, gas prices, health care, and regulation.


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Local News
12:30 am
Tue December 16, 2014

Off-Shoring Company Cognizant Gets Tax Breaks To Expand In NC

In the 2013 fiscal year, the U.S. Department of Labor authorized Cognizant to apply for up to 1,300 H1-B and L-1 guest worker visas in North Carolina, the fourth-most of any company, according to data from the department.
Credit Ben Bradford / WFAE

A major off-shoring company is expanding in North Carolina and receiving state incentives to do so. Last month, the North Carolina Governor’s Office announced Cognizant Technology Solutions, a Fortune 500 company, would create 500 high-paying jobs in North Carolina, including opening a new office in Charlotte.

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Local News
6:41 pm
Fri December 12, 2014

Power Companies Reach Rooftop Solar Agreement In SC

Credit Elliot Brown / Flickr

Electric utilities and solar energy developers across the U.S. have clashed over how much the utilities should have to pay for the energy supplied to them by homeowners with solar panels. In South Carolina, the sides reached an agreement Friday and both are claiming a win.


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Local News
2:29 pm
Fri November 21, 2014

NC Jobs Recovery Reaches Milestone

North Carolina has recovered the jobs it lost during the deep economic downturn,  according to the state Commerce Department's latest unemployment report. Here's some context:

The recession got started a little late in North Carolina – job growth continued until February 2008. That's the month when employment peaked. Then North Carolina crashed through 24 straight months – two years – of job losses.

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Local News
4:18 pm
Fri November 14, 2014

Charlotte Asks FAA For Final Answer On Airport Control

The City of Charlotte has asked the Federal Aviation Administration to decide who will run Charlotte Douglas International Airport. The letter comes weeks after a judge ruled in the city’s favor that a state-created commission does not have authority to take control of the airport, unless the FAA approves it.

Charlotte’s city council has run the airport for 78 years.

City attorney Bob Hagemann says the city wants a final answer.

“There has been a cloud over the airport going on two years. We think it’s time to work hard to remove that cloud,” says Hagemann.

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Local News
5:02 pm
Tue October 28, 2014

Energy Company Has Big Plans For Former Philip Morris Site in Concord

Alevo introduces its GridBank power storage system, October 28, 2014, in Concord, N.C.
Credit Duncan McFadyen

A new company says it will turn the former Philip Morris plant in Concord into a high tech manufacturing facility. Executives from Alevo made the announcement Tuesday. They will use the space to build large-scale battery arrays that, they say, will “redefine energy.”

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