Business

McConnell Golf to acquire Country Club of Asheville

November 25, 2014

(The News & Observer, Raleigh)

Raleigh-based McConnell Golf will acquire The Country Club of Asheville – North Carolina's oldest private country club – for an undisclosed amount. When the deal closes, McConnell Golf will own ten golf clubs in the Carolinas. The company acquired Greenville's Brook Valley Country Club last month. 

Wilmington's Cucalorus film festival sets attendance record

November 25, 2014

(Greater Wilmington Business Journal)

For the second year in a row, MovieMaker Magazine named Wilmington's Cucalorus film festival, which was held Nov. 12-16, among the top 25 Coolest Film Festivals in the World. Started in 1994, the festival attracted 15,743 attendees in 2014, an increase of 7% over last year, and screened 241 films.

Syngenta restructures; 1,800 jobs affected worldwide

November 25, 2014

(The News & Observer, Raleigh)

Syngenta will eliminate or relocate 1,800 jobs – about 6% of its workforce – worldwide in a restructuring, though the Swiss company hasn't said if its 400 jobs in Research Triangle Park and more than 760 in Greensboro will be affected. The agribusiness announced in 2013 a $94 million expansion at its biotechnology campus in RTP ("Human Nature," November 2013)

NCDOT studies impact of fracking on rural roads

November 24, 2014

(Winston-Salem Journal)

Officials from the N.C. Department of Transportation are taking a look at how rural roads could be affected by increased truck traffic associated with hydraulic fracturing. Many of the roads were built for small agriculture operations and were not designed to carry the weight of trucks hauling chemicals and heavy equipment.

NC likely to take legislative action on Uber, Lyft

November 24, 2014

(The Charlotte Observer)

North Carolina is among at least 20 states likely to propose legislation in 2015 for ridesharing companies including Lyft and Uber, which operates in 10 North Carolina cities, more than any state but California. The companies are drawn to the state's midsize cities with young populations but lack of mass transit.

Asheville sets tourism record in October

November 24, 2014

(Asheville Citizen-Times)

Buncombe County's hotel occupancy rate reached 86.2% in October, a 7.1% increase over last year's rate and the highest ever, according to hotel-data company STR Global. Asheville Convention & Visitors Bureau plans to spend a record $4 million on advertising for the fiscal year which began July 1 (Statewide, October).

Lumber Bridge poultry plant gives away Thanksgiving dinners for more than 17,000

November 24, 2014

(The Fayetteville Observer)

Mountaire Farms in Robeson County donated food for about 17,500 people as part of the company's Thanksgiving for Thousands program. Ninety-seven churches will help distribute the food boxes, which include chickens, yams, brownie mix and cranberry sauce. 

Bailout could lead to buyout of Harnett Health System

November 24, 2014

(The Fayetteville Observer)

Under the terms of its new 10-year management agreement with Dunn-based Harnett Health System, Fayetteville-based Cape Fear Valley Health could eventually buy out the financially troubled hospital system, which lost $24 million in 2013 and is projected to lose $16 million this year.

Surge in renovation proposals as tax credit nears expiration

November 24, 2014

(The News & Observer, Raleigh)

Developers across the state are rushing to get rehabilitation projects at warehouses, mills and other structures approved before North Carolina's historic-preservation tax credit expires at year-end. Many say the projects will never be completed without state incentives.

Atlanta developer to build second SkyHouse apartment tower in Charlotte

November 24, 2014

(The Charlotte Observer)

Atlanta-based Novare Group said it has acquired land in uptown Charlotte and will begin construction on a second SkyHouse apartment tower next year. A two-story motel will be demolished by year-end to make way for the project. Construction on the first phase of SkyHouse Uptown, a 24-story, $63 million tower, is expected to be completed in mid-2015.