Record #:

22054

Author(s):

Mooneyham, Scott

Abstract:

On February 2, 2014, a storage pond at a retired Duke Energy coal-fired power plant in Eden poured over 2.35 million gallons of toxic water and about 39,000 tons of coal ash into the Dan River--the third-largest coal-ash spill in the nation's history. A complicating factor in the fallout following the spill is that Governor Pat McCrory worked thirty years for the company that caused the spill. Mooneyham speculates how this will affect the race for Governor in 2016.

Source:

Business North Carolina (NoCar HF 5001 B8x), Vol. 34 Issue 5, May 2014, p32-33, il Periodical Website

Subject(s):

Duke Energy Corp. (Durham); Coal-ash spills--Eden; Manmade environmental disaster--Eden

Record #:

22055

Author(s):

Norris, Jeannie Faris

Abstract:

State farmers are developing new products from longtime crops to attract customers and increase their income. For example, Covington Spirits, based in Snow Hill, makes vodka purchased from locally grown sweet potatoes, mostly from nearby Ham Produce Company, which supplies them to the distiller in a pureed process Hams helped to develop. A number of farmers are cutting out the middle man and packaging their own harvest for the marketplace, thereby putting more money into their own pockets.

Source:

Business North Carolina (NoCar HF 5001 B8x), Vol. 34 Issue 5, May 2014, p44-45, il Periodical Website

Subject(s):

Farmers and farming; Farm incomes

Record #:

22056

Author(s):

Norris, Jeannie Faris

Abstract:

A number of North Carolina products are sought after by other nations, making exports an important of the state's agribusiness. Tobacco continues as the state's to export at $558 million. In 2012, soybeans brought in $426 million, and wood products rank right behind them.

Source:

Business North Carolina (NoCar HF 5001 B8x), Vol. 34 Issue 5, May 2014, p46-47, il Periodical Website

Subject(s):

Exports

Record #:

22068

Author(s):

Martin, Edward

Abstract:

In 1984 Italian movie producer Dino De Laurentiis arrived in Wilmington to build a studio. Since then over 350 films, television shows, and commercials have been shot there. The industry also has moved to other parts of the state, like Charlotte, Asheville, and the Appalachians. Last year, producers spent around $254 million in the state which created 4,000 jobs and 25,000 part-time and temporary ones. Financial incentives from the state have helped keep this industry working in the state. However, unless the incentives are renewed in June by the Republican-controlled NC General Assembly, they will expire at the end of 2014. What happens then to the film industry is uncertain.

Source:

Business North Carolina (NoCar HF 5001 B8x), Vol. 34 Issue 5, May 2014, p48-55, il Periodical Website

Subject(s):

Tax incentives; Motion picture production--Wilmington

Record #:

22069

Author(s):

Lacour, Greg

Abstract:

Historic-preservation income-tax credit from the federal government in 1976 and one from the state in 1998 have helped to renovate historic buildings and bring new life to dying down-towns. In the past thirty years these credits have helped finance 1,324 projects that have generated an estimated $1.4 billion in economic output. However, a 2013 overhaul of the tax code by the Republican-controlled NC General Assembly will end the state credit program at the end of 2014. Tax credits for commercial, residential, and mill buildings will be eliminated unless renewed. At present there are no plans to revisit tax reform during the short session.

Source:

Business North Carolina (NoCar HF 5001 B8x), Vol. 34 Issue 5, May 2014, p56-63, il Periodical Website

Subject(s):

Historic preservation

Record #:

22070

Author(s):

Campbell, Spencer

Abstract:

Venture capital is slow coming into North Carolina. However, Money Tree Report, a summary of national fourth quarter venture capital investment, indicated NC businesses received $110 million in 2013. One business, biotechnology, received over $70 million of the amount. The article includes a listing of the top biotechnology employers in NC. IMB Corp is first with Time Warner Cable second. It also includes a chart showing what companies received what amounts of the $70 million.

Source:

Business North Carolina (NoCar HF 5001 B8x), Vol. 34 Issue 5, May 2014, p64-67, il, map Periodical Website

Subject(s):

Biotechnology

Record #:

22071

Author(s):

Martin, Edward

Abstract:

Martin examines the $600 million data center built by Google in Lenoir in 2007.

Source:

Business North Carolina (NoCar HF 5001 B8x), Vol. 34 Issue 5, May 2014, p68-73, il Periodical Website

Subject(s):

Google data center--Lenoir