Business

Announcement expected on Raleigh's Dorothea Dix property

January 12, 2015

(The News & Observer, Raleigh)

A press conference on the future of the Dorothea Dix property in Raleigh is scheduled for Monday, according to a post on state Rep. Duane Hall's Twitter account. Civic leaders have led a push to redevelop the 308-acre former psychiatric hospital campus into a destination park, however city and state officials have been unable to negotiate a deal.

Former Wells Fargo exec to lead Piedmont Triad Partnership on interim basis

January 12, 2015

(News & Record, Greensboro)

The Piedmont Triad Partnership announced organizational changes that will allow it to focus on recruiting large-scale employers such as an auto manufacturer. Stan Kelly, who recently retired as president for Wells Fargo's Carolinas region, will become interim CEO, replacing David Powell who resigned last week.

Biotech company to hire 65 in Asheville

January 12, 2015

(Asheville Citizen-Times)

White Labs will invest $8.1 million and hire 65 workers over five years in Asheville. The San Diego, Calif.-based biotech company makes yeast for beer and other alcoholic drinks.

CommunityOne resumes SBA lending

January 12, 2015

(The Charlotte Observer)

Charlotte-based CommunityOne Bancorp has begun offering Small Business Administration loans for the first time since 2010. On Friday, the bank named an SBA team who will be responsible for generating SBA loans in the Carolinas, Georgia, Tennessee and Virginia. CommunityOne Bancorp, the bank's parent company, was previously known as FNB United and was based in Asheboro.

Whitaker Park developers could seek DOT financing

January 12, 2015

(Winston-Salem Journal)

Road improvements to Akron Drive in Winston-Salem could be critical to the redevelopment of the Whitaker Park manufacturing campus, which R.J. Reynolds Tobacco plans to donate to a local nonprofit that is a collaboration of Wake Forest University, Winston-Salem Business and the Winston-Salem Alliance.

Capitol Broadcasting buys Burt's Bees HQ for $14M

January 12, 2015

(The News & Observer, Raleigh)

An affiliate of Capitol Broadcasting paid more than $14.3 million for the 71,000-square-foot building in American Tobacco Campus where personal-care products manufacturer Burt's Bees has been based since 2009. Capitol Broadcasting has invested more than $200 million renovating buildings on the old tobacco campus into an office, residential and entertainment complex (Cover Story, December).

Valdese Weavers acquires Shelby manufacturer

January 12, 2015

(Hickory Daily Record)

Valdese Weavers purchased Shelby-based textile manufacturer Dicey Mills. Both companies make woven jacquard fabrics for use in upholstery and drapery. Dicey Mills' 67 employees will be merged into the Valdese-based company's workforce of about 900.

Wilson's Barton College names new president

January 12, 2015

(The Wilson Times)

Douglas Searcy was named president of Barton College in Wilson. He is currently vice president for student affairs at the University of Mary Washington in Fredericksburg, Va. Searcy will replace Norval Kneten, who is retiring at the end of the current academic year.

Novant Health partners with West Virginia health system

January 12, 2015

(Winston-Salem Journal)

Novant Health has entered into a shared-services agreement with Morganton, W.V.-based Monongalia Health System. The Winston-Salem-based health system now has shared-services partnerships, which help smaller hospitals cut expenses by increasing purchasing power and sharing technology services, with seven hospital systems.

High Point packaging manufacturer to be acquired

January 12, 2015

(High Point Enterprise)

A High Point manufacturer founded as a box company in 1928 is being sold to New-Indy JV Corp., a joint venture between the Kraft Group and Indianapolis-based Schwarz Partners. Carolina Container employs about 250 people at locations in High Point, Archdale and Thomasville. No layoffs or plant closures are expected.