Business

HCL Technologies adding 1,237 jobs in Cary

September 19, 2014

(The News & Observer, Raleigh)

HCL America was awarded up to $19.6 million in state incentives to create 1,237 jobs in Cary over the next five years. The technology-services company has created 513 jobs since 2008, when it received a $5 million incentive. The company, a subsidiary of India-based HCL Technologies, chose North Carolina over New York, Arizona and Texas for the new jobs. 

NC solar projects awarded $55 million in federal funding

September 19, 2014

(The News & Observer, Raleigh)

The U.S. Department of Agriculture announced $55.3 million in federal loan guarantees for 22 solar energy projects in North Carolina, including ones in Hertford, Columbus and Warren Counties.

Uptown park kicks off First Ward development project in Charlotte

September 19, 2014

(The Charlotte Observer)

Charlotte developer Daniel Levine broke ground Thursday on a 4-acre park in uptown's First Ward. The park is the first phase of a major redevelopment project that will create what Levine calls Charlotte's version of New York's Greenwich Village. The development could include as much as $1 billion in offices, retail, hotels and 1,500 residential units and will take 12 to 15 years to build, Levine says.

Raleigh drone developer raises $10 million in funding

September 19, 2014

(The News & Observer, Raleigh)

Indiana-based drone developer PrecisionHawk has raised $10 million in venture capital funding, which will allow the company to double its work force of 45. The company's CEO and two vice presidents are based in Raleigh ("Pie in the sky," September). PrecisionHawk collects and analyzes data collected by sensors and software built into its unmanned aerial vehicles.

Brevard brewery fuels growth for Oskar Blues

September 19, 2014

(Hendersonville Times-News)

Thanks to the addition of its Brevard brewery − which produced 46,000 barrels of beer in 2013 − the Colorado-based company earned a spot on the Inc. 5000 list of fastest growing private companies.

Red Hat to buy Irish software company for $82 million

September 19, 2014

(The News & Observer, Raleigh)

Raleigh-based Red Hat will acquire FeedHenry, a software company with offices in Ireland, England and Massachusetts, for $82.2 million. FeedHenry offers cloud-based mobile applications. The deal is expected to close in Red Hat's fiscal third quarter. 
Related: Red Hat earnings exceed Wall Street's expectations

Cary developer plans second Wilmington apartment project

September 19, 2014

(Greater Wilmington Business Journal)

Symphony Properties plans to build a 256-apartment complex on about 15 acres along Wilmington's Independence Blvd. The Cary-based company is also developing the 278-unit Sawmill Point apartment project in downtown Wilmington.

VF Corp. hires leader for jeanswear research center

September 19, 2014

(News & Record, Greensboro)

VF Corp. has tapped Sudhakar Puvvada to lead its Global Jeanswear Innovation Center at a yet-to-be-determined location in Greensboro. Puvvada comes from Kentucky-based chemical company Ashland Inc., where he was vice president for technology platforms, and worked in product development for 14 years at Unilever.

Three health care systems form shared-services company

September 18, 2014

(Winston-Salem Journal)

Winston-Salem-based Wake Forest Baptist Medical Center, Raleigh-based WakeMed and Greenville-based Vidant Health are forming a new partnership to lower supply chain costs and share certain IT infrastructure and clinical protocols. The three hospital systems will continue to operate independently after the formation of the new shared-services company, which has yet to be named.

Former Philip Morris plant will house electric battery maker

September 18, 2014

(The Charlotte Observer)

The company that bought the former Philip Morris cigarette plant in Concord will make batteries for electric vehicles and other commercial uses, according to online job advertisements. Victory Industrial Park paid $68.5 million for the 2,100-acre Cabarrus County site in April. A company spokesman said the business is not ready to make a formal announcement regarding its plans.