News

Nearly $200 million wagered in NC’s first week of sports betting

Online sports betting proved to be big business the first week it became legal in North Carolina. According to a Sports Betting Report released Wednesday by the North Carolina State Lottery Commission, over $198 million was wagered by North Carolinians, while payouts amounted to $141.5 million.

Theresa Opeka
Opinion

Greensboro should take 1% prepared-food tax off the menu

In her recent State of the City address for 2024, Mayor Nancy Vaughn of Greensboro put forward a bold proposal: a citywide 1% prepared-food tax. The rationale behind this initiative, according to Vaughn, is to inject much-needed revenue into the community, with estimates suggesting a minimum influx of $20 million. While on the surface, this...

Algenon Cash
News

Another JDIG grant bites the dust as Durham company pulls out of agreement

The North Carolina Department of Commerce’s Economic Investment Committee (NCEIC) ended yet another Job Development Investment Grant (JDIG) on Tuesday after a Durham firm said it couldn’t create the 878 jobs promised under the agreement.

Theresa Opeka

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News

Due Diligence: NCInnovation board member calls for state auditor investigation

At a Feb. 14 board meeting, directors of NC Innovation (NCI), the private nonprofit written into the biennial state budget last fall to the tune of $500 million in taxpayer funds, labored over the interpretation of financial statements and statutory definitions.

Jeff Moore