Business

NC would have paid $107 million for Toyota

August 29, 2014

(The Charlotte Observer)

North Carolina was willing to offer Toyota an incentive package worth $107 million to bring its North American headquarters − and 2,900 high-paying jobs − to Charlotte. The automaker instead chose Plano, Texas, where the state provided $40 million but has lower taxes and direct flights to Japan.

Dosher Memorial to lay off 31 workers

August 29, 2014

(Greater Wilmington Business Journal)

Dosher Memorial Hospital confirmed it will lay off 31 of its approximately 350 workers, cut hours for some employees, and offer early retirement to 38 others. The Southport hospital has experienced a decline in patient numbers and lost about $1.3 million in the first nine months of the current fiscal year.

'Banshee' leaving Charlotte due to loss of tax credit

August 29, 2014

(WCNC.com)

Officials from "Banshee," the Cinemax television series that has filmed three seasons in Charlotte, say the show will move production to New Orleans due to the pending expiration of the state's film incentive program.

Red Hat CTO stepping down Sept. 5

August 29, 2014

(The News & Observer, Raleigh)

Brian Stevens, chief technology officer at Raleigh-based Red Hat, will step down Sept. 5 to pursue another opportunity. Stevens joined the open-source software provider in 2001 and became CTO in 2005.

NC Apple Festival kicks off today in Hendersonville

August 29, 2014

(Hendersonville Times-News)

Organizers hope cheaper gas prices will allow visitors to spend more at this weekend's annual Apple Festival. Festivalgoers spent more than $12 million on dining, retail and lodging in Henderson County during last year's four-day event.

Dollar General still wants to buy Family Dollar

August 29, 2014

(The Charlotte Observer)

Dollar General CEO Rick Dreiling told investors Thursday he is not giving up on efforts to acquire Matthews-based Family Dollar. Analysts say the Goodlettsville, Tenn.-based retailer could increase its offer or try to convince Family Dollar shareholders to block the company's pending deal with Chesapeake, Va.-based Dollar Tree.

North State expanding gigabit Internet service

August 29, 2014

(News & Record, Greensboro)

High Point-based North State Communications plans to expand its high-speed gigabit Internet service to more than 50,000 homes and businesses in the Triad by year-end.

New leader named at Northern Hospital

August 29, 2014

(Winston-Salem Journal)

Northern Hospital of Surry County named Ned Hill president and CEO effective Oct. 6. Hill, who comes from Memorial Hospital of Carbon County in Wyoming, replaces Bill James, who left to become president of Lexington Medical Center in April.

Monroe paving company CEO pleads guilty to fraud

August 29, 2014

(The Charlotte Observer)

Carl "Drew" Boggs, CEO of Monroe-based Boggs Paving Inc., pleaded guilty Thursday to defrauding state and federal governments. Boggs was charged with receiving $87 million in government contracts by exaggerating the role a minority contractor, also involved in the scheme, would play in the work.

Economic development leaders call for special legislative session over incentives

August 28, 2014

(The News & Observer, Raleigh)

Commerce Secretary Sharon Decker says the state Job Development Investment Grant fund could run out of money by late October unless legislators increase incentives. Decker says the state is pursuing a project that would take 80% of the remaining funds if the company decides to locate in North Carolina.