Business

Belk to expand SC distribution center

July 10, 2014

(The Charlotte Observer)

Charlotte-based Belk Inc. will invest $28 million and add 20 jobs in an expansion of its e-commerce distribution center in Jonesville, S.C. Its landlord will invest an additional $19 million. The retailer reported 42% growth in online sales in the first quarter.

Film advocates disagree with McCrory's claims of 'abuse' of film subsidies

July 10, 2014

(StarNews, Wilmington)

North Carolina film industry leaders don't agree with Gov. Pat McCrory's comments suggesting that the state's film-incentive program has been abused.

Durham to get new industrial park

July 10, 2014

(The News & Observer, Raleigh)

Liberty Property Trust will build a 462,000-square-foot industrial park in Durham called Liberty Ridge. The Malvern, Pa.-based publicly traded REIT paid $4 million for the property, which will include industrial and distribution space. Liberty recently acquired five buildings in Durham's Imperial Center business park.

New Hanover Regional partners with Carolinas HealthCare

July 9, 2014

(StarNews, Wilmington)

New Hanover Regional Medical Center has entered into a services agreement with Charlotte-based Carolinas HealthCare System that will allow the 769-bed hospital to reduce costs by combining its purchasing power with the state's largest public hospital system.

Raleigh's Salix to merge with Italian drug company

July 9, 2014

(The News & Observer, Raleigh)

Salix Pharmaceuticals will merge with Cosmo Pharmaceuticals of Lainate, Italy and will reincorporate in Ireland, which will allow the company to reduce its tax rate. Salix will maintain its headquarters in Raleigh after the deal closes later this year.

NC film commissioner steps down

July 9, 2014

(StarNews, Wilmington)

Aaron Syrett will step down as director of the N.C. Film Office effective July 31. Syrett, who has held the job since 2007, said he was offered but declined to accept a position in the new N.C. Partnership of Economic Development, which will oversee film recruitment.

Bojangles' opens 600th store

July 9, 2014

(The Charlotte Observer)

Bojangles' opened its 600th store Tuesday in Charlotte. The Charlotte-based company plans to open 55 to 60 new restaurants this year, mostly in the Southeast, and expects annual sales to reach $1 billion.

Raleigh's inaugural Rock 'n' Roll Marathon had $8 million impact

July 8, 2014

(The News & Observer, Raleigh)

The economic impact of Raleigh's Rock 'n' Roll Marathon in April was $8.13 million, according to a study commissioned by event organizers. The report, which was based on survey responses from 4,400 runners, shows visitors from outside of Raleigh spent $1.02 million on hotels and $3.62 million on food, entertainment and shopping.

Walden report predicts jobs, economic growth in 2014

July 8, 2014

(The News & Observer, Raleigh)

In his bi-annual report on the state's economy, N.C. State economist Michael Walden says North Carolina will experience economic and jobs growth during the second half of the year, but the disparity between cities and rural areas will continue. 

Patrick Cannon's parking business suffers after arrest

July 9, 2014

(The Charlotte Observer)

The parking business co-founded by former Charlotte Mayor Patrick Cannon has lost contracts at about a third of the lots it managed in uptown Charlotte. E-Z Parking managed about 25,000 spaces there last fall; that number is down to about 15,000.