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The Future of Durham’s Black-Owned Businesses

At the entrance to the Tower at Mutual Plaza, a historic landmark and once the tallest structure in Durham, there’s an exhibit that won’t go away. Durham’s Black business community built and supported both the nation’s largest and oldest Black-owned insurance company, North Carolina Mutual Life Insurance, and the second-oldest Black-owned bank, Mechanics and Farmers …

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Grant Money Assists Struggling Businesses In Downtown Durham In Their Efforts To Stay In Business

Fourteen companies in downtown Durham will receive grants to assist them in coping with the pandemic, according to the city. The downtown Durham-based non-profit Renaissance Downtown Durham is providing awards to seven businesses totaling over $30,000 in value. Businesses can use the cash to reimburse them for expenses or investments incurred as a result of …

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Google Hires More People For Its Durham Office

Google has launched its first office in Durham, more than ten months after announcing ambitions to establish an engineering centre in the city. According to the California-based computer giant’s recruiting site, the corporation now has 67 available opportunities in the Bull City, 56 of which are in engineering. A Google spokeswoman declined to comment on …

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Durham Small Business Opportunity Loan Fund Now Providing Low-Interest Loans

Durham small businesses in need of financial help as they continue to adapt to the economy’s new normal can now apply for expanded loan funding and technical assistance from the recently updated Durham Small Business Opportunity Loan Fund. The City of Durham and Durham County established the Durham Small Business Opportunity Loan Fund program to …

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Durham Might Become An Electric Vehicle Hub Thanks To The Triangle’s Eco-Development Pipeline

North Carolina is attracting the electric vehicle industry, and not just because of the state’s megasites. According to Ryan Regan, vice president of economic development of the Greater Durham Chamber of Commerce, the EV sector accounts for nearly half of Durham’s overall project pipeline. Regan’s team is looking at a pipeline of roughly 15 current …

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Durham Is Currently Working On A Number Of Major Commercial Real Estate Projects

Despite a year and a half of a weak economy, investment in Durham’s commercial real estate has not slowed. Companies in the life sciences, technology, e-commerce, and distribution continue to seek space, prompting developers to respond. Here’s a rundown of some of the most important construction projects currently underway: RTP is a type of investment. …

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