Business

Aqua NC seeks another rate increase

May 5, 2015

(The News & Observer, Raleigh)

Aqua NC, the state's largest private water utility, is requesting another rate increase for customers served by its 750 water systems. The state adopted a policy last June that allows water utilities to raise rates up to 5% without public hearings. The Cary-based company's last rate increase went into effect Jan. 1.

Wilmington's N2 Publishing added 80 jobs in first quarter

May 5, 2015

(Greater Wilmington Business Journal)

N2 Publishing added 80 employees in the first quarter, including 35 in Wilmington, and moved to a new 32,000-square-foot headquarters. The company produces customized neighborhood newsletters.

Winston-Salem considers incentives for Herbalife expansion

May 4, 2015

(Winston-Salem Journal)

The Winston-Salem City Council will consider economic incentives for Herbalife to add 301 jobs and invest $2.34 million in its local plant. The Los Angeles-based nutritional-products company is considering relocating its information-services division to Forsyth County. The county last week approved incentives totaling $150,000, and the state could pitch in more than $3 million.

Charlotte financial firm plans IPO

May 4, 2015

(The Charlotte Observer)

Charlotte-based Commercial Credit Group is expected to go public this week. The firm, which provides loans to midsize and family-owned companies, plans to sell 7.3 million shares priced between $15 and $17 per share, according to an SEC filing, and could raise up to $123 million.

Wilmington Downtown wants more time to consider MSD

May 4, 2015

(Greater Wilmington Business Journal)

Wilmington Downtown wants to extend a May 1 deadline to submit a recommendation on the creation of a municipal service district. A task force that has studied the potential MSD, which would assess special taxes for services beyond what the city provides, says it needs more time to meet with downtown residents and develop plans.

Family Dollar sale nears completion

May 4, 2015

(The Charlotte Observer)

Dollar Tree said it expects to complete its $8.5 billion purchase of Matthews-based Family Dollar Stores this month. The Chesapeake, Va.-based discount retailer has said it will keep the Family Dollar name and headquarters, though impact on corporate jobs is unclear. The companies are awaiting approval from the Federal Trade Commission.

Lifespan of Duke Energy's coal-ash liners questioned

May 4, 2015

(The News & Observer, Raleigh)

Some engineers are questioning the durability of landfill liners that will be used by Charlotte-based Duke Energy to contain coal ash. The Kentucky-based company that is building the landfills says they will last more than 500 years, though studies have shown the liners could last anywhere from a few decades to 1,000 years before they begin to leak.

Concord's Alevo preps for production

May 4, 2015

(The Independent Tribune, Concord)

Alevo Group expects to be producing batteries within six weeks at the 2.3 million-square-foot former Philip Morris cigarette plant in Concord. Scott Schotter, chief marketing and sustainability officer, says the plant could have as many as 20 assembly lines in five years, depending on market demand for its GridBanks product.

Grubb Properties launches new fund

May 4, 2015

(The Charlotte Observer)

Charlotte-based Grubb Properties launched a new fund, its fifth since 2009, to raise money for acquiring and developing residential and commercial properties in urban areas.

Film industry spent $241M in NC in 2014

May 1, 2015

(StarNews, Wilmington)

Film and TV productions spent more than $241 million in North Carolina in 2014 and are eligible to receive $60 million in state incentives. More than half the expenses – $137 million – represent productions shot in Brunswick, New Hanover and Pender counties. Fox's Sleepy Hollow was the biggest spender, with expenses totaling more than $43 million.