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Business news and information from Charlotte and the Carolinas. 

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NC Office of State Budget and Management

Governor Pat McCrory released his budget plan, his proposal for how the state should spend money for the next two years. It distributes more than $45 billion from the state’s general fund, or more than $100 billion when including all the other fees, federal dollars, and various revenue streams the state uses to fund services. The final budget may look quite a bit different once state lawmakers are through, but this proposal is where the debate begins. 

Taxes

Jim Bowen / Flickr

A bill containing tax breaks to lure businesses to North Carolina passed its first vote in the state House of Representatives, although it divided both parties. The bill expands several economic incentives, but sponsors emphasized one goal in particular: to lure a carmaker to the state.

Dollar Tree CEO Discusses The Future Of Family Dollar

Feb 26, 2015
Jennifer Lang / WFAE

Dollar Tree hopes to finalize its acquisition of Family Dollar by the end of April. Dollar Tree CEO Bob Sasser outlined the company’s strategy for integrating the two companies on a call with investors Wednesday. 


Duke Energy saw earnings fall last year, and it expects lower earnings than analysts have projected next year. Still, many on the company’s earnings call Wednesday were upbeat.


Report Finds NC Incentive Program 'Fails'

Feb 18, 2015
NC Justice Center

Governor Pat McCrory wants lawmakers to give his administration more money to lure businesses to the state. The state’s main fund, the Job Development Investment Grant program, is nearly out of money. But, a new report from the liberal North Carolina Justice Center argues the JDIG program is ineffective. WFAE’s Ben Bradford joined All Things Considered host Mark Rumsey.


REC Solar

Duke Energy has expanded its investment in solar energy, and will enter a new facet of the industry: solar panels on the roofs of businesses.


Duncan McFadyen

Chiquita has notified state officials the company will close its Charlotte headquarters slightly earlier than expected, with layoffs to begin in two months.


Dollar Tree Says Deal Delayed, As FTC Reviews

Feb 4, 2015

The sale of Matthews-based Family Dollar to its rival Dollar Tree could take longer and require more store closures than the companies previously announced.

Dollar Tree had said it expected to close 300 stores to win federal approval of the deal and allay any concerns about creating a monopoly in some markets. But, in a filing Tuesday, the company says the Federal Trade Commission is reviewing more than 500 stores for possible closure, with more possible.

Tasnim Shamma

Household appliance-maker Electrolux, whose North American headquarters is in Charlotte, reported an 18 percent increase in global profits last year. But in its earnings report Wednesday morning, Electrolux noted its North American profits were down compared to 2013.

Tom Bullock/WFAE News

On Tuesday, Mayor Dan Clodfelter uttered six words that might change your internet service, "Google Fiber is coming to Charlotte."

Google Fiber is a high speed network that uses fiber optics instead of classic copper cables or microwaves to connect homes and businesses to the internet. All Things Considered host Mark Rumsey and WFAE’s Tom Bullock talk about the announcement and what it means for Charlotte consumers.

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