.....Advertisement.....
.....Advertisement.....

Business

  • North Carolina to receive $16M settlement from Moody’s

    Attorney General Josh Stein announced North Carolina will receive $16 million of a settlement of more than $863 million with Moody’s Corp., Moody’s Investors Service Inc., and Moody’s Analytics Inc. (Moody’s).

  • Commissioner: Time to review insurance policies and coverage

    The start of a new year is a great time to re-evaluate insurance policies, according to the North Carolina Department of Insurance.

    “It is a new year and there are certainly things that will be changing in your life as you look forward to the rest of 2017,” Insurance Commissioner Mike Causey said in a news release. “I recommend you take this opportunity to make sure you are adequately covered by your insurance policies.”

  • UNCW selected as part of $250M biopharmaceutical partnership

    The University of North Carolina at Wilmington is part of a $250 million public-private national initiative to bring safe drugs to market faster and educate a new biopharmaceutical workforce. The National Institute for Innovation in Manufacturing Biopharmaceuticals (NIIMBL), based at the University of Delaware, will involve more than 150 companies, educational institutions, nonprofits and government partners.

  • SBA extends disaster assistance application

    The U.S. Small Business Administration has extended the deadline to apply for physical disaster damages from Hurricane Matthew to Jan. 23.

    The deadline extension will help ensure businesses and residents with uninsured losses have the additional time they need to submit their SBA disaster loan applications. SBA has approved more than $77 million in low-interest disaster loans to more than 2,100 North Carolina businesses and residents affected by the disaster.

  • Fitch Ratings upgrades Brunswick County’s bond rating

    Fitch Ratings has upgraded Brunswick County’s Limited Obligation Bonds Series 2012 from AA- to AA; its Issuer Default Rating from AA to AA+ and its General Obligation bond rating from AA to AA+.

    In a release regarding the upgrade, Fitch Ratings mentioned “the county’s growing economic base, superior revenue framework and strong financial resiliency. Conservative liability management and a solid expenditure framework also support the AA+ rating.

  • Nichols named Brunswick County Public Utilities director

    John Nichols has been named director of Brunswick County Public Utilities effective Jan. 2, 2017.

    Nichols, a Southport native and graduate of South Brunswick High School, has worked for Brunswick County for more than 10 years as assistant director of public utilities. He will begin his new position following the retirement of Brunswick County Public Utilities director Jerry Pierce at the end of 2016.

  • County construction permits reach highest level since 2007

    The number of construction permits issued in Brunswick County in fiscal year 2016 was the highest since fiscal year 2007, and year-to-date numbers for the current year are on track to be even higher, according to a county news release.

  • BCAR: Brunswick County remains strong, healthy market

    Brunswick County’s real estate market remained strong through November, according to the most recent data from the Brunswick County Association of Realtors.

    The number of units sold in November 2016 was up 23 percent over November 2015 and total sales increased 17.5 percent over the same period last year. The number of homes sold in 2016 has already exceeded the total number sold in all of 2015 by 3.5 percent.

  • Unemployment stays below 6 percent for September

    Brunswick County’s unemployment rate remained below 6 percent for September at 5.9 percent.

    The rate change continued a monthly fluctuation, rising from 5.7 percent in August and 5.6 percent in July. The unemployment rate for June jumped up to 5.8 percent after hitting a year low of 5.5 percent in May. The unemployment rate last reached 6 percent in April.

    The rates dropped significantly compared with early 2016, when Brunswick County had 6.7 percent unemployment for March, 7.8 percent in February and 8.1 percent in January.

  • Secretary of State releases annual charitable giving report