Business

Asheville's PLI to add up to 50 jobs

November 5, 2014

(Asheville Citizen-Times)

Plasticard Locktech International will add up to 50 new jobs with the next two years, CEO Mark Goldberg said last week. Asheville-based PLI, which on its website calls itself the world's largest manufacturer of plastic hotel key cards, became employee-owned earlier this year. 

Snyder's-Lance increases investment in organic snack-maker

November 5, 2014

(The Charlotte Observer)

As part of an effort to expand its product offerings of healthier snacks, Charlotte-based Snyder's-Lance increased its stake in Late July Snacks – an organic snack company based in Boston – from 19% to 80%. 

NC ranks third in Site Selection's business-climate report

November 4, 2014

(Winston-Salem Journal)

North Carolina fell to third place in Site Selection magazine's annual national business-climate ranking, behind top-ranked Georgia and second-place Louisiana. Criteria includes transportation and utility infrastructure, existing work-force skills, availability of incentives and a the results of a survey of corporate site selectors. 

LabCorp announces $6 billion acquisition of New Jersey-based CRO

November 4, 2014

(The News & Observer, Raleigh)

Burlington-based LabCorp will acquire New Jersey-based drug diagnostics firm Covance in a $6 billion cash and stock deal. The deal will allow LabCorp to compete with other drug-testing companies based in the state, including Durham-based Quintiles and Wilmington-based PPD. LabCorp will add 12,500 employees to its existing 34,000 worldwide through the acquisition.

Duke Energy, Red Hat and Piedmont lead initial contributions to EDPNC

November 4, 2014

(The News & Observer, Raleigh)

Charlotte-based Duke Energy and Piedmont Natural Gas and Raleigh-based Red Hat were the top initial donors to the state's new public-private economic-development partnership. The Economic Development Partnership of North Carolina said five companies contributed a combined $440,000 to help the agency get off the ground. Other contributors were Beijing-based Lenovo Group and Charlotte Pipe and Foundry.
Related: Duke Energy donation gives questionable boost to NC economic partnership

Morrison resigns as CMS superintendent

November 4, 2014

(The Charlotte Observer)

Heath Morrison resigned as superintendent of Charlotte-Mecklenburg Schools to spend more time with his family, particularly with his mother who lives in Williamsburg, Va. He did not give specifics regarding his mother's condition. Morrison came to CMS in July 2012. Deputy Superintendent Ann Clark will take over the position in the interim role. 

Brunswick County hopes to attract more retail development

November 4, 2014

(Greater Wilmington Business Journal)

A recent retail study commissioned by Brunswick County's economic development commission shows the coastal county could support more stores and restaurants to attract shoppers who would otherwise travel to Wilmington or Myrtle Beach, S.C. At least one developer is considering the Supply area for a regional retail center.

High Point didn't get its money's worth out of La-Z-Boy deal

November 4, 2014

(High Point Enterprise)

The city of High Point gave La-Z-Boy $600,000 in incentives to move a divisional headquarters there from Greensboro in 2007, and, according to city records, had received only $173,076 in tax and utility revenues through June 2013. The furniture manufacturer is closing the headquarters, where it employs 38 people, over the next two years as part of a restructuring.

Blue Cross adding 30 jobs at Fayetteville call center

November 4, 2014

(The Fayetteville Observer)

Blue Cross and Blue Shield of North Carolina will hire 30 additional customer-service representatives at its Fayetteville call center. The Chapel Hill-based health-insurance company has already hired 45 workers for the new call center, which will open in early December.

Elon University to begin campus expansion projects

November 4, 2014

(News & Record, Greensboro)

Elon University will begin construction in December on a 14,850-square-foot recreation building that will house a gymnasium and fitness center. The school also plans to renovate and expand an arts building and a residential complex. All three projects are expected to be completed by fall 2015.