Business

Quicken overtakes BofA on list of top mortgage lenders

March 3, 2015

(The Charlotte Observer)

Bank of America slipped a spot to fourth place on a ranking of lenders with top mortgage market share. San Francisco-based Wells Fargo is still the nation's largest mortgage lender, followed by JPMorgan Chase and Detroit-based Quicken Loans. 

Greensboro-High Point MSA earns national ranking

March 3, 2015

(High Point Enterprise)

The Greensboro-High Point Metropolitan Statistical Area ranked No. 1 in the nation for new and expanded corporate facilities. The listing in Site Selection magazine includes metro areas with populations of 200,000 to 1,000,000. The area had 41 qualifying projects in 2014, including expansions by APAC Customer Service and Thomas Built Buses. 

Raleigh science museum attracts the most visitors in 2014

March 3, 2015

(The Charlotte Observer)

For the second time in three years, the North Carolina Museum of Natural Sciences in Raleigh was the most visited historic attraction in the state, according to an annual survey conducted by Matthews-based Carolina Publishing and Associates. Fort Fisher in Kure Beach and the North Carolina Zoo in Asheboro ranked second and third.

ECU, PCC to establish bio-manufacturing training center

March 3, 2015

(WNCT.com)

East Carolina University and Pitt Community College will join forces to build a training center for bio-manufacturing. The Golden LEAF Foundation will provide more than $1 million in grant money for the project.

Biotech industry growing in NC

March 3, 2015

(WRAL TechWire)

Employment in the biotech industry increased by more than 30% between 2000 and 2012, according to a report from research firm Battelle. The sector produces $73 billion and is responsible for 61,000 jobs with an average annual salary of $81,000.
Related: NC biotech startups share global spotlight in Raleigh

NewBridge completes purchase of Greensboro-based Premier Commercial

March 3, 2015

(Winston-Salem Journal)

NewBridge Bancorp completed its $19.8 million acquisition of Premier Commercial Bank. The Greensboro-based bank now has $2.7 million in assets and 41 branches.

Wilmington officials consider road extension for Vertex Rail

March 3, 2015

(Greater Wilmington Business Journal)

Wilmington City Council will consider a proposal under which the city and New Hanover County would each spend $300,000 toward an extension Raleigh Street that would provide additional road access for Vertex Rail. The N.C. Department of Transportation would contribute $900,000 to the project. Vertex Rail plans to hire 1,300 people at a rail-car manufacturing site in Wilmington.

McCrory pledges to support ECU medical school

March 3, 2015

(The Daily Reflector)

Gov. Pat McCrory said Monday he will add $8 million to his state budget for each of the next two years to support ECU's Brody School of Medicine.

Negotiations fail between Carolinas HealthCare System and insurer

March 2, 2015

(The Charlotte Observer)

A contract between Carolinas HealthCare System and UnitedHealthcare expired Saturday, which means tens of thousands of United customers are now considered out-of-network for CHS providers. The change affects one of Charlotte's largest employers –Duke Energy uses UnitedHealthcare. Charlotte-based CHS said it will extend temporary in-network pricing to some United customers.

Rural-urban divide will shape debate over incentives bill

March 2, 2015

(News & Record, Greensboro)

An influx of Rebublican legislators from rural counties are taking a closer look at the state's rural-urban divide when it comes to economic incentives. "There's not a rural-urban split. There's a Raleigh-Charlotte versus anybody else split," Sen. Andy Wells (R-Catawba) said, referring to employment-growth trends in the state.