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What does 2023 hold for Triangle housing market? Experts say it is ‘cooling.’

By Chantal Allam Source: The News and Observer  After two-plus years of plummeting inventory and sky-high home prices, the Triangle housing market may finally be settling down. Mortgage rates have more than doubled from the historic lows seen in 2021, resulting in slower home sales and double the number of active listings, said Matt Fowler, executive director of Triangle MLS,...
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Barnes re-elected in state Senate race

Senator Lisa S. Barnes
By Dave Cruz Source: Rocky Mountain Telegram State Sen. Lisa Stone Barnes, R-Nash, garnered 55 percent of the vote in defeating her Democratic opponent Mark Speed, 41,502 to 34,046 votes. Barnes, 56, is a former Nash County commissioner. She was elected to the board’s District 4 seat in 2012 and served in that post for six years. In 2018, she...
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Shellfish growers loan program now available

By Cheyenne Pagan Source: WNCT RALEIGH, NC – Thread Capital, a subsidiary of the North Carolina Rural Center, and Array Community Development Corporation announced Friday the launch of a new loan program designed to foster shellfish aquaculture in coastal North Carolina. The Shellfish Growers Loan Program, created in partnership with the North Carolina Coastal Federation, will provide loans of up to $50,000 to qualified...
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N.C. Rural Center to administer $201M in funding for small businesses

By Staff Reporter Source: The Robesonian   WASHINGTON — The U.S. Department of the Treasury has announced the approval of North Carolina’s application for up to $201.9 million in funding under the State Small Business Credit Initiative, SSBCI. President Biden’s American Rescue Plan reauthorized and expanded SSBCI, which was originally established in 2010. The new SSBCI is to provide $10…

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Federal government will distribute $200M to support small NC businesses

By Jason deBruyn Source: North Carolina Public Radio   RALEIGH, NC - According to a federal treasury department statement, North Carolina will use the funds to "operate three different programs, including a loan participation program to which it has allocated $160 million."North Carolina small businesses will soon get a financial leg up from the federal government. The U.S. Treasury Department announced it...
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Developer Mariana Molina breaks into Wilmington projects

By Cece Nunn Source: WilmingtonBiz Magazine To Mariana Molina, a vacant car dealership on prime Wilmington real estate presented a unique opportunity. Molina is a fledgling developer and a rarity in an industry where much fewer women are at the helm of major projects. The Wilmington resident’s company, Bella Vista Development Group, along with partner Craig Davis Properties, bought a…

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