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Business

  • NCDOI to continue BCBSNC examination

    The North Carolina Department of Insurance has determined further examination of Blue Cross Blue Shield is necessary. The initial examination report was delivered to BCBS on May 31.

    Interactions with Blue Cross Blue Shield have been ongoing but disagreements on the findings persist. NCDOI is going back in to do an additional examination and hopefully move toward a resolution, according to a news release from the agency.

    Consumers in need of assistance from NCDOI should call (855) 408-1212 or go to ncdoi.com.

  • Brunswick County market remains consistent

    Brunswick County’s residential real estate market demonstrated consistent strength with healthy numbers in July. While sales dropped slightly from 2015, 2016 has yielded consistent, strong numbers month over month, according to the most recent statistics from the Brunswick County Association of Realtors.

  • County unemployment stays below 6 percent for June

    Brunswick County’s unemployment rate remained below 6 percent for June, but increased to 5.8 percent after dropping to 5.5 percent in May.

    The unemployment rate was 6 percent in April.

    The year-to-year unemployment rate is down 1.5 percent. The unemployment rate in Brunswick County from June 2015 was 7.3 percent.

    Unemployment numbers are released through the North Carolina Department of Commerce Labor and Economic Analysis Division.

  • Leadership Brunswick County accepts applications

    Leadership Brunswick County is a program sponsored by Brunswick Community College and the Southport-Oak Island Area, North Brunswick and Brunswick County chambers of commerce to develop corps of informed, committed and qualified individuals capable of providing dynamic leadership for Brunswick County. It is designed to identify highly motivated, emerging leaders and educate them about the needs of our community, as well as the dynamics of social and economic changes.

  • BEMC’s patch of green on U.S. 17 offers solar power

    Brunswick Electric Membership Corp. has branched out into farming.

    The company built a solar farm, an array of solar panels along U.S. 17 to offer customers a green electricity alternative.

    “With renewable energy on people’s minds we offered this as an option,” BEMC marketing communications specialist Heather Holbrook said.“We offered it for those who really want to go green. It’s not for everyone, but of our 73,000 customers, some might be green.”

  • Marshall applauds new crowdfunding law

    Secretary of State Elaine F. Marshall congratulated the General Assembly for passage of new state crowdfunding legislation, saying it strikes a balance between investor protection and opening up new ways to invest.

    The legislation, SB 481, also known as the Providing Access to Capital for Entrepreneurs and Small Business, or “PACES Act,” passed June 21.

  • June real estate sales up and days on market down

    Brunswick County’s residential real estate sales show promising numbers for both buyers and sellers, according to the most recent statistics from the Brunswick County Association of Realtors.

    The number of units sold increased from 342 in June 2015 to 386 in 2016, an 11 percent increase. Total sales for last month were $91,171,000, a 13 percent decrease from the $105,530,000 in June last year. The average sale price decreased 9 percent from $259,916 to $236,190 between June 2015 and June 2016.

  • County unemployment rate drops to 6 percent in April

    Brunswick County’s unemployment rate fell to 6 percent in April, down from 6.7 percent in March.

    The year-to-year unemployment rate has also improved, as the April 2015 rate was 6.6 percent.

    Unemployment numbers are released through the North Carolina Department of Commerce Labor and Economic Analysis Division.

    The NCDOC reported North Carolina’s unemployment rate dropped to 5.0 percent in April.

  • ATMC board names Miller general manager/CEO

    The Atlantic Telephone Membership Corp. Board of Directors announced O’Neal Miller has been named general manger and CEO after former general manager Roger Cox stepped away from the position because of medical reasons. Miller succeeds Allen Russ, who is retiring as CEO.

  • Watch out for ‘sweetheart swindles’ of 2016

    Can an investment that sounds like a sweetheart of a deal really be posing a great danger to your pocketbook and bank account beneath its attractive surface? Yes indeed, said North Carolina Secretary of State Elaine F. Marshall.

    Marshall and other state investor protection administrators around the country are cautioning the investing public to be on the watch for several specific kinds of investment fraud in 2016.