Business

Cabarrus to consider incentives for $12.5M project

April 20, 2015

(The Independent Tribune, Concord)

Cabarrus County commissioners will hold a public hearing Monday on whether to provide incentives for an unidentified company to invest $12.5 million and create 176 jobs in Harrisburg.

Airlines, CLT airport officials defend tax cap for jet fuel

April 20, 2015

(The Charlotte Observer)

Officials from American Airlines and Charlotte Douglas International Airport said Friday that extending the state's cap on sales tax for jet fuel is needed to keep costs competitive and for Charlotte to maintain its AA hub. The state House has passed a bill that would extend the cap, but the Senate introduced a competing bill that doesn't include the tax break.

NC companies raised $115M in venture funding during first quarter

April 20, 2015

(WRAL TechWire)

North Carolina-based startups raised nearly $115 million in venture-capital funding in the first quarter of 2015, the best first quarter since before the economic recession, though the state still lagged behind rival states Georgia and Virginia. The largest N.C. deals were RTP-based G1 Therapeutics, which raised $33 million, and Wilmington-based nCino, which raised $29 million.

Outlook positive for High Point Market

April 20, 2015

(Winston-Salem Journal)

Furniture manufacturers and organizers of the High Point Market believe improved economic conditions will continue to strengthen the furniture industry. The biannual trade show, which is expected to attract up to 80,000 participants, continues through Thursday.

Tesla set to open Charlotte area store

April 20, 2015

(The Charlotte Observer)

California-based Tesla will open a store and service center in Matthews this week. It's the second North Carolina store for the high-end electric car manufacturer. Tesla's other N.C. store is in Raleigh.

Chung: Selling North Carolina is key to luring jobs

April 20, 2015

(Greater Wilmington Business Journal)

Chris Chung, CEO of the Economic Development Partnership of North Carolina, said Friday gaining private-sector input will benefit the public-private organization. Chung said marketing and selling the state of North Carolina as an attractive location is central to the agency's task of luring more jobs.

Ralls leaving NC community college system

April 17, 2015

(The News & Observer, Raleigh)

Scott Ralls, who has led North Carolina's 58-member community college system since 2008, is leaving to lead a six-campus community college in northern Virginia.

3 NC hospitals achieve high marks in patient satisfaction

April 17, 2015

(The Charlotte Observer)

In Medicare's first-ever star ratings for patient satisfaction, three North Carolina hospitals achieved the highest rating of five stars: 25-bed Chatham Hospital in Siler City, 18-bed North Carolina Specialty Hospital in Durham and 494-bed FirstHealth Moore Regional Hospital in Pinehurst.
Related: Triangle hospitals rate high in patient satisfaction

Apple buys forest land in Brunswick County

April 17, 2015

(StarNews, Wilmington)

Through a partnership with nonprofit environmental group The Conservation Fund, Apple has acquired more than 3,600 acres of forest land in Brunswick County. The California-based company plans to harvest timber using sustainable practices and use it in packaging for products including iPhones, iPads and Apple TVs.
Related: Apple to invest in solar projects, forests

Specialty grocer to open at Charlotte's SouthPark mall

April 17, 2015

(The Charlotte Observer)

Reid's Fine Foods will open its third Charlotte-area location in an 8,200-square-foot space at SouthPark mall. The location, which is expected to open by Oct. 1, will feature indoor and outdoor dining. Owner Tom Coker says the specialty-foods retailer hopes to expand outside of Charlotte into Winston-Salem, the Triangle and South Carolina.