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This Week at the NCGA: Bills introduced to revamp economic development tiers, ban cashless businesses

February 5th, 2023  · BIZ  · GOV  · Real Estate  · Visitor Economy  · Work
This Week at the NCGA: Bills introduced to revamp economic development tiers, ban cashless businesses

The first full week of business at the North Carolina General Assembly wrapped up on Thursday, albeit with just no vote sessions, bill introductions and a few committee meetings in the House and Senate. Among the bills introduced between Jan. 25 and Feb. 3 include: House Bill 13, co-sponsored by Rep. Keith Kidwell (R-Beaufort), calls…Read More from This Week at the NCGA: Bills introduced to revamp economic development tiers, ban cashless businesses

State reaches settlement on rental property insurance rate increase

January 31st, 2023  · Real Estate  · Top Stories
State reaches settlement on rental property insurance rate increase

State Insurance Commissioner Mike Causey has announced a settlement has been reached with insurance companies that will allow rates to increase an average statewide of 9.9 percent for rental properties starting in June. Last August, the North Carolina Rate Bureau requested a statewide average 42.6 percent rate hike for dwelling polices spread over two years….Read More from State reaches settlement on rental property insurance rate increase

Coastal Land Trust purchases 421 acres along Chowan River for public use

January 31st, 2023  · Real Estate
Coastal Land Trust purchases 421 acres along Chowan River for public use

The Coastal Land Trust has purchased 421.38 acres in Bertie County in a transaction that has been in work since 2019 and will continue land preservation efforts along the region’s waterways. Deemed the “Chowan/Perry et al. Tracts”, the closing involved the purchase of five adjoining parcels along the Chowan River having six sets of owners….Read More from Coastal Land Trust purchases 421 acres along Chowan River for public use

Town of Duck seeking new member for Planning Board

January 30th, 2023  · BIZ  · GOV  · Real Estate
Town of Duck seeking new member for Planning Board

The Duck Town Council will be appointing a Planning Board member to fill the vacancy at the March 1, 2023 meeting. The Town of Duck Planning Board is an advisory board that performs core responsibilities set forth by state law to advise on matters pertaining to comprehensive and land use planning; zoning; zoning amendments and…Read More from Town of Duck seeking new member for Planning Board

Sound Strategy: Further incentives can help address the region’s essential housing issue

January 27th, 2023  · Commentary  · GOV  · Real Estate  · Top Stories
Sound Strategy: Further incentives can help address the region’s essential housing issue

As we think about growing our commercial foundation (and subsequent tax base) as a region, we tend to think about the ingredients that, when combined, make growth an inevitable outcome. Whether it’s at the government level, the nonprofit sector, or the private world, one ingredient is standing out more clearly than perhaps any time in…Read More from Sound Strategy: Further incentives can help address the region’s essential housing issue

New education program to advance shoreline protection

January 27th, 2023  · Real Estate  · TECH  · Weather
New education program to advance shoreline protection

A collaborative effort to protect North Carolina shorelines is underway. North Carolina Sea Grant, East Carolina University and Carteret Community College are working together to develop a framework for coastal protection design and siting, as well as living shoreline training courses and a certification program, Sea Grant announced Thursday. The National Oceanic and Atmospheric Administration’s…Read More from New education program to advance shoreline protection

Vacasa lays off 1,300 nationwide, cuts include some employees on Outer Banks

January 24th, 2023  · BIZ  · Real Estate  · Top Stories  · Visitor Economy
Vacasa lays off 1,300 nationwide, cuts include some employees on Outer Banks

Vacation rental property management company Vacasa, which acquired several Outer Banks rental companies in recent years, has announced it is laying off 1,300 workers nationwide. The total number of cuts made to its staff on the Outer Banks was not yet known Tuesday night, but posts on social media indicate that some local employees were…Read More from Vacasa lays off 1,300 nationwide, cuts include some employees on Outer Banks

Winter business comings and goings on the Outer Banks and in northeast N.C.

January 22nd, 2023  · BIZ  · Food & Drink  · Real Estate  · Work
Winter business comings and goings on the Outer Banks and in northeast N.C.

Ribbon cuttings at High Seas Pools and Spas, Gregory Poole; renovations underway at Hurricane Mo’s A pair of ribbon cuttings were held at a local pool and spa business and an equipment rental and repair firm in January, while a popular Kitty Hawk eatery is getting a new look. Gregory Poole, North Carolina’s exclusive dealer…Read More from Winter business comings and goings on the Outer Banks and in northeast N.C.

Local family donates 56 acres in Bertie County to Coastal Land Trust

January 17th, 2023  · Real Estate
Local family donates 56 acres in Bertie County to Coastal Land Trust

Coastal Land Trust announced this week a donation of 55.75 acres in Bertie County for conservation. The sizable family farm was donated to the Coastal Land Trust in late December by two brothers, Wayland L. Jenkins Jr. of Ahoskie and Joe Henry Jenkins of Nags Head. This property, a portion of what has traditionally been known…Read More from Local family donates 56 acres in Bertie County to Coastal Land Trust

Business NC: Wells Fargo plans major cuts in home lending, servicing

January 13th, 2023  · BIZ  · Real Estate
Business NC: Wells Fargo plans major cuts in home lending, servicing

Wells Fargo said it will focus its powerful home mortgage business on existing bank and wealth management customers and minority customers, pulling back from its previous strategy of reaching a broad swath of Americans. The bank said the decision stemmed from a collapse in the lending market since the Federal Reserve began raising rates last…Read More from Business NC: Wells Fargo plans major cuts in home lending, servicing

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BIZ GOV Real Estate Visitor Economy Work February 5th, 2023

This Week at the NCGA: Bills introduced to revamp economic development tiers, ban cashless businesses

The first full week of business at the North Carolina General Assembly wrapped up on Thursday, albeit with just no vote sessions, bill introductions and a few committee meetings in the House and Senate. Among the bills introduced between Jan. 25 and Feb. 3 include: House Bill 13, co-sponsored by Rep. Keith Kidwell (R-Beaufort), calls…Read More from This Week at the NCGA: Bills introduced to revamp economic development tiers, ban cashless businesses

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Real Estate Top Stories January 31st, 2023

State reaches settlement on rental property insurance rate increase

State Insurance Commissioner Mike Causey has announced a settlement has been reached with insurance companies that will allow rates to increase an average statewide of 9.9 percent for rental properties starting in June. Last August, the North Carolina Rate Bureau requested a statewide average 42.6 percent rate hike for dwelling polices spread over two years….Read More from State reaches settlement on rental property insurance rate increase

Image
Real Estate January 31st, 2023

Coastal Land Trust purchases 421 acres along Chowan River for public use

The Coastal Land Trust has purchased 421.38 acres in Bertie County in a transaction that has been in work since 2019 and will continue land preservation efforts along the region’s waterways. Deemed the “Chowan/Perry et al. Tracts”, the closing involved the purchase of five adjoining parcels along the Chowan River having six sets of owners….Read More from Coastal Land Trust purchases 421 acres along Chowan River for public use

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BIZ GOV Real Estate January 30th, 2023

Town of Duck seeking new member for Planning Board

The Duck Town Council will be appointing a Planning Board member to fill the vacancy at the March 1, 2023 meeting. The Town of Duck Planning Board is an advisory board that performs core responsibilities set forth by state law to advise on matters pertaining to comprehensive and land use planning; zoning; zoning amendments and…Read More from Town of Duck seeking new member for Planning Board

Image
Commentary GOV Real Estate Top Stories January 27th, 2023

Sound Strategy: Further incentives can help address the region’s essential housing issue

As we think about growing our commercial foundation (and subsequent tax base) as a region, we tend to think about the ingredients that, when combined, make growth an inevitable outcome. Whether it’s at the government level, the nonprofit sector, or the private world, one ingredient is standing out more clearly than perhaps any time in…Read More from Sound Strategy: Further incentives can help address the region’s essential housing issue

Image
Real Estate TECH Weather January 27th, 2023

New education program to advance shoreline protection

A collaborative effort to protect North Carolina shorelines is underway. North Carolina Sea Grant, East Carolina University and Carteret Community College are working together to develop a framework for coastal protection design and siting, as well as living shoreline training courses and a certification program, Sea Grant announced Thursday. The National Oceanic and Atmospheric Administration’s…Read More from New education program to advance shoreline protection

Image

Vacasa lays off 1,300 nationwide, cuts include some employees on Outer Banks

Vacation rental property management company Vacasa, which acquired several Outer Banks rental companies in recent years, has announced it is laying off 1,300 workers nationwide. The total number of cuts made to its staff on the Outer Banks was not yet known Tuesday night, but posts on social media indicate that some local employees were…Read More from Vacasa lays off 1,300 nationwide, cuts include some employees on Outer Banks

Image
BIZ Food & Drink Real Estate Work January 22nd, 2023

Winter business comings and goings on the Outer Banks and in northeast N.C.

Ribbon cuttings at High Seas Pools and Spas, Gregory Poole; renovations underway at Hurricane Mo’s A pair of ribbon cuttings were held at a local pool and spa business and an equipment rental and repair firm in January, while a popular Kitty Hawk eatery is getting a new look. Gregory Poole, North Carolina’s exclusive dealer…Read More from Winter business comings and goings on the Outer Banks and in northeast N.C.

Image
Real Estate January 17th, 2023

Local family donates 56 acres in Bertie County to Coastal Land Trust

Coastal Land Trust announced this week a donation of 55.75 acres in Bertie County for conservation. The sizable family farm was donated to the Coastal Land Trust in late December by two brothers, Wayland L. Jenkins Jr. of Ahoskie and Joe Henry Jenkins of Nags Head. This property, a portion of what has traditionally been known…Read More from Local family donates 56 acres in Bertie County to Coastal Land Trust

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BIZ Real Estate January 13th, 2023

Business NC: Wells Fargo plans major cuts in home lending, servicing

Wells Fargo said it will focus its powerful home mortgage business on existing bank and wealth management customers and minority customers, pulling back from its previous strategy of reaching a broad swath of Americans. The bank said the decision stemmed from a collapse in the lending market since the Federal Reserve began raising rates last…Read More from Business NC: Wells Fargo plans major cuts in home lending, servicing