Business & Economy

Better incentives for economic development are one way to tackle North Carolina's high unemployment rate. That's according to the non-profit North Carolina Budget & Tax Center. Report author Allan Freyer says the state should change how it attracts companies.

Two minority banking institutions in Durham have just received big financial investments from the Democratic National Convention Committee.

Leoneda Inge:  Yesterday, Steve Kerrigan, head of the DNC Committee, officially invested 4-million-dollars in convention funds in the Latino Community Credit Union and Mechanics and Farmers Bank.

Steve Kerrigan:  We hope that Mechanics and Farmers and LCCU use these resources to do what they do best which is to invest in the community.

The city of Raleigh is now requiring public and private groups pay a registration fee to operate group housing, including emergency housing and housing for those with disabilities.