Business briefs

Mar. 25, 2014 @ 04:57 PM

Report shows hardship for renters
DURHAM – A report by the National Low Income Housing Coalition and the N.C. Housing Coalition found that about 53 percent of renters in Durham-Chapel Hill cannot afford a two-bedroom unit at the Fair Market Rent.
For a one-bedroom in the Durham-Chapel Hill metro area in fiscal year 2014, the Fair Market Rent was $711 and for two bedrooms, it was $843. Used by the U.S. Department of Housing and Urban Development to determine housing assistance program amounts, the Fair Market Rent is set at 40th percentile of rents for non-substandard rental housing in an area.
Working at minimum wage, one full-time person must work 89 hours in the area to afford a two-bedroom apartment, the report found, or they need to earn $16.21 an hour. Comparatively, the national “housing wage” is $18.92.
The report also found that 45 percent of households in Durham County are renters, compared to 40 percent in Orange County and 34 percent in Wake County. The report said the typical renter in North Carolina earns $12.42 per hour.

Career fair details revealed
DURHAM – The biannual reverse job fair Tech Jobs Under the Big Top will include pitches from Bronto Software, Sageworks, Validic, Automated Insights, and other employers.
More than 400 job seekers are expected to attend the fair April 9 to hear three-minute pitches from employers about their open positions.
The event will be held as part of the Paradoxos festival. It will be held under a tent at the corner of Main and Corcoran streets in downtown Durham. Parking will be available at three different garages within a block of the event. Resumes and suits are not required.
There are job descriptions posted on the website www.bigtop.it.

Black Women in Business event planned

DURHAM – Black Women in Business is holding an event April 8 that will be led by an associate justice with the N.C. Supreme Court.
The event’s focus is on how to “maintain authenticity” while advancing professionally. The conversation will be led by Justice Cheri Beasley.
The event will be held at the corporate headquarters of Mechanics and Farmers Bank. Lunch will be provided. Registration is required by April 4, and the cost is $32 for guests or $25 or free for members depending on their membership level.
For information, go to the website http://bwib-nc.com/upcoming-programs/leadership-conversations/.  
Black Women In Business is a professional organization for black women leaders.