Print
More News

Top Stories Of 2018

By Staff Reports, posted Dec 14, 2018
2018 sailed smoothly for much of the Wilmington economy for a while, with home sales rising and the addition of infrastructure at the port and airport.
 
But when September rolled around, Hurricane Florence became the biggest story of the year, wreaking havoc on the Cape Fear region by pouring more than 30 inches of rain on some areas. Floods destroyed homes and roadways, and a massive amount of debris littered streets.
 
These days, the region is in recovery mode. At the same time, GenX, a chemical that made news last year, continued to be part of 2018’s discussion, with the first settlement of an associated legal case proposed in November.

While some industrial companies announced investments in Wilmington this year, another, Vertex Railcar, was expected to close before year’s end.
 
Live Oak Bank continued to grow this year, while changes came to another
Wilmington-based company, GE Hitachi Nuclear Energy. Meanwhile, the political landscape and area retail industry experienced changes of their own.

Here are the top 10 local business stories from the year:

  1. Hurricane brings major flooding, damage

  2. Realtors: Housing market still strong

  3. Major transportation projects get underway

  4. GenX actions take shape

  5. Industrial companies announce investments

  6. Live Oak’s expansion continues

  7. Vertex Railcar reaches end of the line

  8. Voters usher in party change

  9. GE Power split includes GE Hitachi

  10. Changes in local retail landscape

Ico insights

INSIGHTS

SPONSORS' CONTENT
Untitleddesign2 9202334730

Investing in the Health of Our Communities, for Today and the Future

Novant Health - New Hanover Regional Medical Center Novant Health
Georgiarowe

Salling and Tate Dentistry Launches Annual "Gunner’s Runners" Shoe Collection Event, Aiming to Surpass Last Year's Success

Georgia Rowe - Wide Open Tech
Gretchen roberts 2021

5 Finance Topics Every Small Business Owner Should Master

Gretchen Roberts - Red Bike Advisors

Trending News

Intracoastal Angler To Grow With Two New Hampstead Stores

Emma Dill - Apr 30, 2024

Coyne Returns To Law Firm's Wilmington Office

Staff Reports - Apr 30, 2024

Wilmington-based Fishing App Wins NC IDEA Grant

Audrey Elsberry - Apr 30, 2024

Apartment Plans Move Ahead On Wooster Street

Emma Dill - Apr 29, 2024

Design-build Firm Welcomes Falvey As Director

Staff Reports - Apr 30, 2024

In The Current Issue

Funding A Food Oasis: Long-awaited Grocery Store Gains Momentum

With millions in committed funding from New Hanover County and the New Hanover Community Endowment, along with a land donation from the city...


Taking Marine Science On The Road

“My mission and my goal is to take my love of marine science, marine ecosystem and coastal ecosystems and bring that to students and teacher...


With Coffee And Cocktails, Owners Mix It Up

Baristas are incorporating craft cocktail techniques into show-stopping coffee drinks, and bartenders are mixing espresso and coffee liqueur...

Book On Business

The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2024 Power Breakfast: The Next Season