Month: November 2024

5. Fifth Third Bank enters rhe Wilmington market

Jenny Callison/WilmingtonBiz Fifth Third Bank may be new to Wilmington, but it has a long history in the Midwest and ranks 21st on the list of the nation’s largest banks. With its new branch at 5201 College Road, the Cincinnati, Ohio-based bank is entering the Wilmington market. Although it’s open for business now, a ribbon […]

Written by on November 21, 2024

6. CVS adds 4 new board members in deal with hedge fund

Andrew Cass/Becker’s Hospital Review CVS Health is adding four members to its board of directors following “productive discussions” with hedge fund investor Glenview Capital Management, the company said in a Nov. 18 news release. Among those joining the board is Glenview CEO Larry Robbins, who said in the release the hedge fund welcomes the “opportunity […]

Written by on November 21, 2024

7. Durham Council approves four development projects

SouthPoint Access A former Extended Stay America hotel on N.C. Highway 55, just south of Interstate 40 in South Durham, on Monday won approval for conversion into 126 multifamily homes by Vivo Living. The project passed 7-0, with members describing it as the sort of development that Durham needs. However, Council Member Chelsea Cook urged […]

Written by on November 21, 2024

8. Founder of artificial intelligence company used by schools in Los Angeles, NYC, Atlanta is arrested

Larry Neumeister/The Associated Press The founder of an artificial intelligence company that supplied school districts in Los Angeles, New York and Atlanta with a chatbot to create learning plans for students was arrested on fraud charges Tuesday, accused of spending investor money on herself as her company spiraled into bankruptcy. Joanna Smith-Griffin, 33, of Raleigh, […]

Written by on November 21, 2024

9. Bridging gaps: HBCUs, EPA collaborate on environmental justice research

Will Atwater/NC Health News Genesis Ibrahim-Balogun, a junior studying agriculture and environmental studies at N.C. A&T State University, and her classmates have specific ways they want to address environmental justice issues like climate change. “The biggest goal for my peers is we want to see the most change in our own communities […] and reverse […]

Written by on November 21, 2024

10. Community members, NAACP defend police chief, claim WPD investigation is racially motivated

Brenna Flanagan & Shea Carver/Port City Daily The New Hanover County NAACP has publicly entered the fray over recent allegations that Wilmington Police Chief Donny Williams has created a toxic work environment. On Tuesday, LeRon Montgomery, president of the local NAACP chapter, hosted a press conference to address “current race relations” of the Wilmington Police […]

Written by on November 21, 2024

Conservatives for Clean Energy awards

NASCAR, Walmart, Truliant Federal Credit Union, the Greater Durham Chamber of Commerce, and three state legislators received the 2024 North Carolina Clean Energy Champion Awards. The 10th annual awards were presented by Conservatives for Clean Energy North Carolina and Chambers for Innovation and Clean Energy. They honor policymakers, businesses, chambers of commerce, and other economic development organizations […]

Written by on November 20, 2024

Hurricane bill update part 2

Legislators convened Tuesday to debate hurricane relief and other post-election business, with Republicans floating an omnibus bill that has a wide range of implications implications. The revised draft of Senate Bill 382 includes an additional $227 million for Western North Carolina’s recovery from Hurricane Helene, but it’s the unrelated provisions that captured much of the […]

Written by on November 20, 2024

More CHIPS money for North Carolina?

The Biden administration announced on Tuesday that the Department of Commerce and a North Carolina nonprofit are entering talks on a $285 million deal to create a new institute to bolster the U.S. semiconductor industry. The talks between the U.S. Department of Commerce and the Durham-based Semiconductor Research Corp. could lead to what officials are […]

Written by on November 20, 2024

Hall’s rise to speaker confirmed within GOP

The results are in, and House Republicans have agreed that Rep. Destin Hall, R-Caldwell, will succeed departing Speaker Tim Moore when they convene in the new year. Hall, the current Rules chair, has been the speaker-in-waiting for a while, ever since some behind-the-scenes dealmaking with current Majority Leader John Bell and former Rep. Jason Saine. […]

Written by on November 20, 2024

1. Tariffs would hit NC’s economy hard

Algenon Cash/The Carolina Journal Donald Trump has proposed raising tariffs in a second term. But how would this impact North Carolina? While the notion of protecting American industries might sound appealing, history shows that aggressive tariffs lead to higher inflation, drive up consumer costs, and create harmful ripple effects for local economies. North Carolina, with […]

Written by on November 19, 2024

3. Federal grand jury summons six NC county commissioners for secret testimony

Dan Kane/The (Raleigh) News & Observer A federal grand jury that recently obtained hundreds of records related to $50 million in state funds for dredging and affordable housing projects has now subpoenaed six North Carolina county commissioners to testify. The Dare County commissioners were in office when their board approved contracts for two businesses linked […]

Written by on November 19, 2024

4. NC Cherokees struck by Helene, mobilize tribe’s resources to aid broader recovery

Jane Winik Sartwell/Carolina Public Press Tropical Storm Helene didn’t exact the same degree of destruction in the Qualla Boundary, home to the sovereign nation of the Eastern Band of Cherokee Indians, as it did in areas further east in Western North Carolina. Still, the Cherokees suffered serious economic losses, from the tribe’s casino to its […]

Written by on November 19, 2024

5. Waste discharge agreement moves toward becoming rule

Jennifer Allen/Coastal Review Online The Environmental Management Commission has advanced proposed changes that would codify an existing, long-term agreement with a coalition of wastewater dischargers in the Tar-Pamlico River Basin. The changes mainly include incorporating into the existing Tar-Pamlico wastewater discharge requirements rule the 1990 agreement between the state and the 15 municipal wastewater systems […]

Written by on November 19, 2024