The Business Report

Friday at 7:30 a.m. and 5:30 p.m.

Every week, 88.5 WFDD speaks with Justin Catanoso, contributing writer with the Business Journal and director of the journalism program at Wake Forest University, about events and developments affecting the Piedmont Triad's economy.

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Business
7:40 am
Fri September 5, 2014

Piedmont Now A Good Place To Live For Young Professionals

Chris Padgett, center, is founder of Fusion3 Design, a 3-D printer manufacturer in Greensboro. Young entrepreneurs like Padgett often hang out in the Forge in Greensboro, a place where he can work collaboratively with other entrepreneurs to brainstorm new ideas and products.
Credit photo by: Justin Catanoso

Millennials, those ages 18 to 34, have been flooding the job market over the last decade.

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Business
7:05 am
Fri August 29, 2014

Destination Grocery Shopping? It Isn't Just Milk & Eggs Anymore

Lowes Foods has been in the grocery business for the past 60 years. The company is creating "destination shopping" experiences for its customers. The Clemmons store underwent a major renovation last year. Company officials say their strategy is working, despite increasing competition from other grocery chains in the region.
Credit Keri Brown

When it comes to selling groceries, there are few industries that are more competitive – especially at the higher end of the spectrum. Winston-Salem-based Lowes Foods is in the midst of a major transformation to change how shoppers think about their grocery-buying experience.

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Business
7:30 am
Fri August 22, 2014

From Grooming to Boarding: Pet Services Industry Sees Growth in Triad

Americans will spend more than $50 billion on their pets this year, which includes services such as luxury boarding and grooming.
Credit by: Egidio Maurizio via flickr

Here in the Triad, and across the country, we love our pets. And we’re willing to spend a lot of money on them – especially when we leave town on vacation. How much money?

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Business
7:45 am
Fri August 15, 2014

NC Rural Counties Struggle With Education Challenges & Population Decline

Students who live in rural communities often lack access to programs found in urban areas. Even when these services are available, transportation issues prevent students from getting the services they need the most. According to Communities In Schools of North Carolina, as a result, fewer than 7-in-10 rural students graduate from high school in the Tar Heel state.
Credit by: Bindaas Madhavi via flickr

For all the challenges that cities such as Greensboro, Winston-Salem and High Point face in generating new jobs and training a skilled workforce, those same challenges in the Triad's rural communities are even harder. 

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Business
5:07 pm
Thu August 7, 2014

Greensboro Business Leader Jim Melvin Isn't Retiring Anytime Soon

A bronze statue of Jim Melvin, former Greensboro mayor and head of the Joseph M. Bryan Foundation, stands in NewBridge Bank Park. Melvin is now leading a regional effort to establish a 1,400 acre megasite in Randolph County.
Credit Owen Covington/The Triad Business Journal

Having spent more than 40 years as Greensboro’s top community leader, 80 year-old Jim Melvin is chasing the biggest project of his life with no plans to retire.

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Business
5:00 am
Fri August 1, 2014

Hotel Developers Eye Winston-Salem & Greensboro for Future Growth

A boutique hotel and apartments are planned for the iconic Reynolds Building in downtown Winston-Salem.
Credit Julie Knight/The Business Journal

The Piedmont Triad region has had no new hotels built in the past three and a half years. That stands to reason because occupancy rates have remained fairly flat over the same period. Suddenly, though, six new hotels are being planned collectively in downtown Greensboro and Winston-Salem.

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Business
5:53 pm
Thu July 24, 2014

The Cost of a Heart Attack: How Prevention Programs Equal Long Term Savings

According to the U.S. Department of Health & Human Services, heart disease and stroke are the first and third leading causes of death in the United States. Cardiovascular diseases cost the Nation more than $300 billion each year.
Credit by: Stephen Coles via flicker

If you want to identify a primary force behind the nation’s rising health care costs, look no further than cardiac care.

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Business
11:58 pm
Thu July 17, 2014

The Smoke Has Started to Clear, But Questions About Reynolds American & Lorillard Merger Remain

Britain's Imperial Tobacco is set to gain a significant American footprint through a $7.1 billion investment that will include acquiring Lorillard Tobacco Co.'s headquarters, pictured here, as well as its manufacturing and R&D facilities.
Credit Photo courtesy of Lorillard Inc.

Reynolds American Inc. will acquire Lorillard Inc. in a cash-and-stock deal valued at $27.4 billion.

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Business
7:00 am
Fri July 11, 2014

Highway Project Could Pave the Way For More Growth in Triad's Aviation Industry

This is a photo of a taxiway-bridge project at the Hartsfield-Jackson Atlanta International Airport. Residents might see a similar sight, if the Triad wins a big aviation tenant that could use the taxiway-bridge project. The plan is part of the Future I-73 now under way and will connect the Piedmont Triad International Airport to the land that it owns across Bryan Boulevard.
Credit Contech Engineered Solutions LLC

In what transportation officials have been planning for decades, construction is underway in northwest Guilford County on an expensive stretch of interstate highway that holds the promise of further boosting the Triad’s growing aviation industry.

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Business
7:30 am
Fri June 27, 2014

Chatham-Randolph Megasite Ready for Auto Manufacturing Plant & Other Development

Nat Taylor of Winston-Salem firm Taylor & McChesney stands on the 1,818-acre Chatham-Randolph Megasite near Siler City. The site recently received official certification from the state of North Carolina.
Credit Catherine Carlock/Triad Business Journal

Earlier this month the more than 1,800-acre megasite in Chatham and Randolph counties received official state certification, making it the largest site in North Carolina with the designation and the only certified Megasite.

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Business
5:43 am
Fri June 20, 2014

Increase in Manufacturing Jobs Helps Revive Davie County

Ashley Furniture held a groundbreaking ceremony for its plant expansion in April, 2013. The company moved into the former RJR Tobacco Complex in Advance and hopes to employ 750 people by the end of the year.
Credit Katie Arcieri

Wisconsin-based Ashley Furniture Industries Inc. announced in 2012 that it would open an $80 million distribution and manufacturing facility in Davie County that would create 550 jobs. But a series of delays and obstacles prevented the project from moving forward for a year.

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Business
8:00 am
Fri June 13, 2014

Baltimore Developer Breathes New Life Into Former R.J. Reynolds Manufacturing Site

Despite a recession, Wexford stepped forward to invest in Wake Forest Innovation Quarter after an earlier developer faltered.
Credit Keri Brown

Wake Forest Baptist is showing off the latest addition to Innovation Quarter on Friday, June 13, with the grand opening of its renovated 525@Vine complex. The former RJR buildings in Winston-Salem were brought back to life by Baltimore-based Wexford Science & Technology, a firm that’s become the major landlord within the research park and is helping plot its course in the future.

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Business
5:18 am
Fri June 6, 2014

'Pay to Play' : Piedmont Triad Partnership Moves Forward, Despite Funding Cuts

The Piedmont Triad Partnership is shifting from a public entity to a private entity. One of the projects the organization is working on is to help develop an aviation hub around the Piedmont Triad International Airport.
Credit Dave Thrower

The Piedmont Triad Partnership based in Greensboro was founded as one of the seven regional economic development offices across the state, tasked with creating a sense of regional identity and marketing its 12-county footprint. But this July, with the removal of all state marketing funding, regional economic development will make a significant shift as the Piedmont Triad Partnership begins operating as a private organization — one that no longer operates as a traditional economic development group, but rather a privately funded entity that’s focused on specific regional goals of its own choosing.

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Business
6:38 am
Fri May 30, 2014

The Tale of Two Tobacco Giants & Two Triad Cities

The city of Winston-Salem and community partners are finding new uses for the former R.J. Reynolds Tobacco manufacturing plant in Winston-Salem. The site has been redeveloped and now houses Wake Forest Innovation Quarter. Reynolds American's corporate headquarters are located in downtown Winston-Salem.
Credit Keri Brown

In this week’s Business Report, a team of reporters from the Triad Business Journal is taking a closer look at the possible merger between  Reynolds American & Lorillard Tobacco Co. and the impact the merger could have on the Triad.

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Business
5:31 am
Fri May 23, 2014

After 10 Years of Rapid Growth, Can High Point University Keep Growing?

High Point University plans to build two new facilities on the main campus. One will house the School of Health Sciences and School of Pharmacy. The other will be an undergraduate science facility. The projects are expected to bring in 700 students, create 125 new jobs and have a $500 million economic impact on the area.
Credit By: High Point University - highpoint.edu

By almost any measure, the story of High Point University in the past decade under the leadership of University President Nido Qubein, has been one of unparalleled growth and change.

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Business
4:27 am
Fri May 16, 2014

GTTC Training Programs Fuel Job Growth as Aviation Industry Continues to Expand in Triad

The T.H. Davis Aviation Center at GTCC is located at 260 Regional Road in Greensboro‬. On Feb. 21, 2013 officials with Guilford Technical Community held a groundbreaking for the future GTCC Aviation Building III. The new 41,000-square-foot-facility will accommodate the aviation program's growing enrollment and allow for additional programs.
Credit GTTC

Among the few consistent bright spots in the Triad economy has been the aviation industry.

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Business
6:47 am
Fri May 2, 2014

From Barbecue Cart to Multi-Million Dollar Company, Texas Pete Sees International Growth

CHA!, the newest sauce to bear the Texas Pete name. The Winston-Salem based company's products can be found on store shelves across the United States and in 22 countries.
Credit Texas Pete

There are millions of bottles of Texas Pete hot sauce at diners, military bases and pantries around the world.

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Business
6:00 am
Fri April 25, 2014

Faster Internet Speed: When Will It Reach The Triad?

Google chose Kansas City from among 1,100 or so hopeful communities around the country to install its first community-wide fiber optic network cable of delivering gigabit broadband speeds. Some companies, including North State and AT&T, are investing in initiatives to bring ultrafast Internet speeds to the Triad.
Credit Keri Brown

Just a few years after Triad cities fell over themselves trying and failing to lure Google’s gigabit fiber initiative, superfast broadband appears to finally be finding its own way to the area. But when will it arrive, and what will it mean for you and local businesses?

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Business
2:52 am
Fri April 11, 2014

Despite Challenges to Healthcare Industry, Novant Health Sees Steady Growth

Last year, Novant Health Systems initiated a brand change to create a united front for all their 17 facilities. All locations now have the Novant Health name on their signage and other marketing materials.
Credit Novant Health

Each week, WFDD contributor Justin Catanoso interviews a reporter from our media partner, the Triad Business Journal. This week's Business Report focuses on a major player in the state's healthcare industry: Winston-Salem-based Novant Health.

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Business
1:30 am
Fri April 4, 2014

Dan River's Polluted Past & Will it Completely Recover From Massive Coal Ash Spill?

On Sunday, February 2, 2014, a Duke Energy coal ash pond located on the Dan River near Eden, N.C., began discharging into the Dan River. The spill is the 3rd largest coal ash spill in U.S. History.
Credit Yadkin Riverkeeper

Each week, Justin Catanoso talks with a reporter from WFDD’s media partner, the Triad Business Journal. The Business Report is featured during Morning Edition and All Things Considered.

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Business
1:08 am
Fri March 28, 2014

Triad Business Owner Turns Junk Into Millions

In 2005, D.H. Griffin companies imploded Burlington Industries corporate headquarters in Greensboro.
Credit D.H. Griffin Companies & Triad Business Journal

In this week's business report with Justin Catanoso, The Triad Business Journal's Catherine Carlock talks about her story on the huge success of Greensboro business owner D.H. Griffin.

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Business
1:37 am
Fri March 21, 2014

Growing Concerns Over 'Patent Trolls' & Infringement Battles

The Triad Business Journal reports that Eric Tomlinson, the president of Wake Forest Innovation Quarter in Winston-Salem, worries about how the possible crackdown on 'patent trolls' could impact research centers in the Triad.
Credit Keri Brown

The patent process can be confusing and competitive for many companies and entrepreneurs.

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Business
1:18 am
Fri March 7, 2014

IMG College Founder Creates Sports Marketing Empire

IMG College employs around 1,000 people and generated $483 million in revenues last year. The company's headquarters is in downtown Winston-Salem.
Credit By Daniel X. O'Neil - danxoneil via flickr

A Winston-Salem entrepreneur has turned his passion for sports into a multi-million dollar business that serves major sports organizations, including the National Football League and Major League Baseball. That story is featured in this week’s Triad Business Journal. 

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Business
2:41 am
Fri February 28, 2014

RF Micro Devices Merger Plan Creates Uncertainty

On Monday, RF Micro Devices announced its plan to merge with TriQuint Semiconductor. RF Micro employs around 1,300 people at its Greensboro headquarters.
Credit By Scallop Holden via Flickr

Each week, Justin Catanoso interviews a reporter from our media partner, the Triad Business Journal. In today’s report, he talks with The Business Journal's Matt Evans about Matt's  story on the nearly $1.6 billion merger agreement between Greensboro-based RF Micro Devices and Oregon-based TriQuint Semiconductor Inc.

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Business
12:53 am
Fri February 21, 2014

Getting a College Degree Without Stepping a Foot on Campus

Credit by Alec Couros: courosa via Flickr

In this week’s business report, Justin Catanoso talks with The Business Journal's Matt Evans about Matt’s recent story on online education.

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Veterans as employees
9:38 pm
Tue February 18, 2014

Closing the Skills Gap

Every Friday on 88.5 WFDD Justin Catanoso, the director of the journalism program at Wake Forest University, sits down with a reporter from the Triad Business Journal to discuss business-related topics in the Piedmont. This week, he spoke with Katie Arcieri about companies who are struggling to find skilled labor.  She tells Justin this is the reason why several of these companies are giving returning veterans a second look.

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Commentary
1:19 pm
Fri February 7, 2014

Questions Surround How Affordable Health Care Act May Impact Specialists

The Affordable Health Care Act will extend some insurance coverage for people who need to see a specialist.
Credit wikimedia

The Affordable Health Care Act is law. But little is known on how it will impact health specialties.

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Development
1:15 am
Fri January 24, 2014

Greensboro Seeks Big Win in Development Strategy

Greensboro seeks major new economic developments.
Credit Dave Thrower

With the new year, the city of Greensboro is reviewing its current economic recruitment strategy to see if there's a better way to land a major economic partner. Catherine Carlock covers economic development for The Business Journal. Carlock and WFDD's Audrey Fannin discuss the business community's rising frustration as major companies have expressed interest in the city, but then settled elsewhere.

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Business
8:42 pm
Thu January 2, 2014

Piedmont Business Leaders to Watch in 2014

Piedmont business leaders work to mold a more prosperous economy.
Credit wikimedia

Strengthening the Piedmont's economy will require a new vision on multiple levels.

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Job Creation
9:58 am
Fri December 27, 2013

2013, a Good Year for Some in the Piedmont

Several companies are bringing new industrial jobs to the Piedmont.
Credit wikimedia

More industrial jobs are coming to the Piedmont.

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