Business

NC's economic development partnership opens

October 7, 2014

(The News & Observer, Raleigh)

North Carolina's new public-private partnership for economic development opened in Cary on Monday with 34 employees, most of whom were previously employed at the N.C. Commerce Department. The partnership is led by a five-member interim board, though Chairman John Lassiter said Gov. Pat McCrory and state legislators could appoint a permanent 17-member board by the end of the month.

Wilmington airport considers expansion

October 7, 2014

(Greater Wilmington Business Journal)

Following a 14-month study that outlines a three-phase expansion, Wilmington International Airport Authority must decide how it will pay for the recommended $64 to $106 million project that would increase capacity and modernize the 25-year-old terminal. 

RDU airport authority offers $2.1 million incentive for international flight

October 7, 2014

(The News & Observer, Raleigh)

Raleigh-Durham Airport Authority said it will offer $2.1 million in first-year incentives to add a new international service − specifically a direct flight to Paris or Frankfurt – and leaders are urging local governments and civic groups to match the investment.

Durham's Patheon adding 488 jobs at Greenville plant

October 6, 2014

(The News & Observer, Raleigh)

Durham-based DPx Holdings will expand its Patheon manufacturing plant in Greenville, adding 488 jobs to its existing 1,000 over the next five years. The pharmaceutical-services company will invest $159 million in the expansion and could receive more than $6.3 million in state incentives if it meets hiring goals.

NC Ports to study deepening Cape Fear channel

October 6, 2014

(StarNews, Wilmington)

The N.C. State Ports Authority is looking into the feasibility of deepening the Cape Fear River shipping channel to accommodate a new generation of cargo ships. The last dredging cost nearly $500 million and took a decade to complete, though the federal government shouldered much of the cost.

Durham's Argos Therapeutics to hire 236 in expansion

October 6, 2014

(The News & Observer, Raleigh)

Argos Therapeutics will receive up to $9.5 million in state and local incentives to expand its Durham headquarters and add a manufacturing plant. The drug developer will hire 236 people with an average annual salary of $90,725 by 2018. Argos has no drugs on the market, but its experimental cancer treatment is in phase III clinical trials.

Novant cancels plans to buy Halifax Regional

October 6, 2014

(Winston-Salem Journal)

Novant Health has called off its attempt to acquire 204-bed Halifax Regional Medical Center in Roanoke Rapids. The Winston-Salem-based health-care system will continue its management-services contract with the hospital for two more years.

Chiquita gets EU approval for Fyffes merger

October 6, 2014

(The Charlotte Observer)

Chiquita Brands International received regulatory clearance from the European Union for its pending merger with Irish produce company Fyffes. The Charlotte-based company's shareholders are scheduled to vote on the deal Oct. 24. Brazilian companies Cutrale and Safra Group have made an unsolicited bid to buy the company and break up the merger.

Salix calls off Cosmo merger

October 6, 2014

(WRAL TechWire)

Amid rumors of a potential acquisition by Botox-maker Allergan, Raleigh-based Salix Pharmaceuticals has called off its pending $2.7 billion merger with Italy's Cosmo Pharmaceuticals. The drug developer said a tougher U.S. tax policy on moving companies overseas was the reason.

Western NC breweries honored at national beer festival

October 6, 2014

(Hendersonville Times-News)

Three Western N.C. breweries earned awards at the Great American Beer Festival in Denver, Colo., on Saturday. Black Mountain-based Pisgah Brewing, Morganton-based Fonta Flora Brewery and Asheville-based Wicked Weed Brewing each won gold medals at the world's larger beer competition. Oskar Blues and Sierra Nevada, which have locations in Western N.C., won silver and bronze medals.