Business

Cary software company raises $16M, adding 50 jobs

May 21, 2015

(The News & Observer, Raleigh)

Cary-based software company Samanage raised $16 million in a second round of funding and plans to double its workforce, adding 50 employees over the next year. The company makes cloud-based IT-management software.

New Hanover Regional begins ER expansion

May 21, 2015

(StarNews, Wilmington)

New Hanover Regional Medical Center begins Thursday a renovation project that will double the number of beds to 108 in its 17th Street Emergency Department in Wilmington. The project, which will increase the department's space from 17,800 to 48,000 square feet, is expected to be complete by spring 2017.

Procter & Gamble to increase production in Guilford County

May 21, 2015

(News & Record, Greensboro)

Procter & Gamble will close a factory in Puerto Rico, shifting production to its Browns Summit plant. The company said 230 jobs will be cut in Puerto Rico, but that doesn't mean it will add as many jobs at the Guilford County plant, where it currently employs about 1,000 people and makes products including deodorant and toothpaste.

Greenboro OKs engineering study for megasite

May 21, 2015

(News & Record, Greensboro)

Greensboro City Council approved a $2.3 million engineering contract to study adding water and sewer service at the Greensboro-Randolph Megasite.

Duke Energy to shutter Asheville coal plant

May 20, 2015

(Asheville Citizen-Times)

Duke Energy Progress said Tuesday it will close its 376-megawatt, coal-fired power plant at Lake Julian within five years. The utility will build a new 650-watt, natural gas-fired plant that also will utilize solar energy. Duke plans to invest $1.1 billion in the project, which includes a new transmission substation in South Carolina. Pending state regulatory approval, the new plant could go online by 2020.

Cardinal says Shipman was forced out

May 20, 2015

(The Charlotte Observer)

Leaders of Kannapolis-based Cardinal Innovations Healthcare Solutions said longtime CEO Pam Shipman was forced to retire as a result of long-standing performance issues. Richard Topping will become acting CEO of the managed-care organization, which oversees $635 million in government spending for behavioral health.

BB&T, other regional banks support legislation to relax regulations

May 20, 2015

(Winston-Salem Journal)

BB&T and First Citizens Bank & Trust joined with other regional banks in supporting the Financial Regulatory Improvement Act of 2015, which proposes to raise the asset threshold for certain Dodd-Frank regulations from $50 billion to $500 billion. PNC Financial Services Group, SunTrust Banks and Fifth Third Bancorp also support the legislation.

Mecklenburg commissioners ask McCrory to delay toll project

May 20, 2015

(The Charlotte Observer)

Mecklenburg County commissioners joined Cornelius, Davidson, Huntersville and Mooresville in urging Gov. Pat McCrory and the N.C. Department of Transportation to delay finalizing a contract with a private company to build toll lanes on Interstate 77. Residents and local leaders say they have received little information about the project from the state.

Western NC, upstate SC leaders join forces

May 20, 2015

(Asheville Citizen-Times)

Business leaders from western North Carolina and upstate South Carolina met Tuesday to discuss taking a regional approach to economic development. The inaugural meeting of the I-26 Regional Business Leadership drew more than 80 business members from cities including Asheville, Spartanburg, S.C., and Greenville, S.C.

AvidXchange acquires Texas software company

May 20, 2015

(The Charlotte Observer)

Charlotte-based AvidXchange has acquired a Texas-based software company for an undisclosed amount. AvidXchange, which announced last year plans to add 600 jobs in Charlotte, provides accounts-payable software for midsized companies.