Business

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. 

United Furniture to create 200 jobs in Winston-Salem

August 28, 2014

(Winston-Salem Journal)

United Furniture will create 200 jobs in a manufacturing and distribution center at the former Hanesbrands' Weeks Plant in Winston-Salem (Regional Report, January). The Okolona, Miss.-based company will invest $5.2 million over three years in the 850,000-square-foot plant. The company employs 940 at three other North Carolina locations. 

Audits show lack of oversight at Charlotte Douglas airport

August 28, 2014

(The Charlotte Observer)

External auditors hired by the city of Charlotte found lax oversight at Charlotte Douglas International Airport, the nation's eighth-busiest. Interim Aviation Director Brent Cagle attributes the problems to the airport's rapid growth over the past decade.

Chinese lumber company could buy Stanley Furniture plant

August 28, 2014

(Asheville Citizen-Times)

Tide & Times Group USA, a Chinese-owned lumber exporter with a headquarters in Charlotte, is in talks to buy part of the Graham County manufacturing plant previously occupied by Stanley Furniture (Regional Report, May). Robbinsville Mayor Steve Hooper said the company would hire 20 workers initially and could expand its workforce to 150.

BB&T promotes Brown to president

August 28, 2014

(Winston-Salem Journal)

Winston-Salem-based BB&T Corp. named Ricky Brown president of the bank, effective immediately. He replaces Rob Greene, who retired after nearly 20 years in the position. Brown has worked for BB&T since 1977, and has served as president of the community banking division since 2004.

Chiquita urges shareholders to support Fyffes merger

August 28, 2014

(The Charlotte Observer)

Chiquita Brands International and Irish produce company Fyffes said Wednesday the two companies could save $60 million a year by merging operations, up from a previous estimate of $40 million a year. Chiquita also sent a letter to shareholders urging them to support the planned merger with Fyffes. Brazil-based Cutrale and Safra Group are lobbying shareholders to support their competing buyout offer.

Skills gap leaves 1,500 jobs vacant in Guilford County

August 28, 2014

(News & Record, Greensboro)

Guilford County businesses have 1,500 open jobs and not enough skilled workers to fill them, based on the results of a survey released Wednesday. Skilled trades, engineering, and machining are among the industries struggling the most to find qualified workers.

App developer Next Glass moving HQ to downtown Wilmington

August 28, 2014

(Greater Wilmington Business Journal)

Next Glass, a Wilmington-based startup that is developing an app that provides beer and wine recommendations, will move its headquarters to an 11,000-square-foot space in downtown Wilmington. The company will invest $2 million in the space and could add more than 30 employees to its existing 16.

Former Hanesbrands warehouse in Kings Mountain sold for $17 million

August 28, 2014

(The Gaston Gazette)

A 370,000-square-foot warehouse formerly occupied by Winston-Salem-based Hanesbrands has sold for $17.3 million. Broadway Sarasota LLC paid slightly less than $47 per square foot for the property, which was built in 1995 and owned by Sara Lee Corp., which was later bought by Hanesbrands, until 2010.

Southport hospital plans job cuts

August 28, 2014

(StarNews, Wilmington)

The board of trustees for 25-bed Dosher Memorial Hospital decided to offer early retirement to some employees to reduce staff. The Southport hospital has seen a decline in the number of patients over the past year and had a negative operating margin of 3.06% in fiscal 2013.