Business

Texas company to build $154M solar farm in Gray's Creek

March 10, 2015

(The Fayetteville Observer)

Principal Solar said it will build a $154 million solar farm that will generate about 72.9 megawatts of electricity in Cumberland and Bladen counties. The Dallas-based company announced plans last month for a $173 million solar project near Hope Mills, about 10 miles from the new site, which it says will be the largest solar facility east of the Rocky Mountains.

7-Eleven waiving franchise fees for Charlotte stores

March 10, 2015

(The Charlotte Observer)

Dallas-based convenience-store chain 7-Eleven will waive upfront franchise fees for 13 stores in the Charlotte area in an effort to expand its local footprint and convert more company-owned stores to franchise stores. The average franchise fee for a store in the Carolinas is $139,828, according to a company spokeswoman.

NC's Grier, Hari make Time's list of influential Web stars

March 10, 2015

(The Charlotte Observer)

Charlotte food blogger Vani Hari (aka Food Babe) and 17-year-old Vine user Nash Grier, who attended Davidson Day School but now lives in California, both landed on Time magazine's list of the 30 most influential people on the Internet.

BofA's Finucane says bank is a simpler, better company since financial crisis

March 10, 2015

(The Charlotte Observer)

Bank of America's global chief strategy officer Anne Finucane said in a Bloomberg interview that the Charlotte-based bank "is a better bank" and is much more transparent than it was before the financial crisis. 

Fayetteville officials oppose Cary's plan to take water from the Cape Fear

March 10, 2015

(The Fayetteville Observer)

State environmental officials gave Cary preliminary approval to remove an additional 9 million gallons a day from the Cape Fear River to accommodate water demand. Opponents in Fayetteville worry the request will affect water quality and availability downstream and will set a precedent for other growing Triangle communities. 

Sierra Nevada opens restaurant, taproom

March 10, 2015

(Asheville Citizen-Times)

Sierra Nevada will open its new restaurant and taproom Tuesday in Mills River. Adjacent to its Henderson County brewery, the restaurant will seat more than 400 people. Outdoor dining will be available later this year, along with a music hall and amphitheater.

Patheon to acquire Oregon pharmaceutical company

March 10, 2015

(The News & Observer, Raleigh)

Durham-based Patheon announced it will acquire Agere Pharmaceuticals, a Bend, Ore.-based company that will help it improve drug-absorption rates in patients. It's Patheon's second acquisition announced in the past week; the company said last week it was buying South Carolina-based drugmaker IRIX for an undisclosed amount. 

Asheville could ban electronic cigarettes

March 10, 2015

(Asheville Citizen-Times)

Asheville City Council is scheduled to vote Tuesday on banning the use of electronic cigarettes on buses, in parks and in other local government buildings. If the ban is approved, violators could be fined $50.

Mercedes Benz plant, 1,300 jobs heading to SC

March 9, 2015

(The Charlotte Observer)

Mercedes Benz Vans, a division of Germany-based Daimler AG, will build an assembly plant for its Sprinter vans in North Charleston, S.C., and create 1,300 jobs. The company will begin construction next year on the $500 million plant, which will be built on 200 acres adjacent to an existing assembly plant where it employs 140 people.

Triad leaders assemble land for megasite

March 9, 2015

(Winston-Salem Journal)

Mike Solomon, economic development director for the Timmons Group, helped Triad leaders identify an 1,800-acre site in Randolph County that could attract an auto manufacturer. County commissioners spent $4.7 million last month to purchase the first 255 acres. 
Related: NC shifts into overdrive in effort to land auto plant