Business

McCall Farms to close Wilson plant

January 2, 2015

(The Wilson Times)

McCall Farms will shut down its Wilson sweet-potato processing plant, idling up to 64 workers, by March 5. The Effingham, S.C.-based vegetable-canning company purchased the former Bruce Foods plant a year ago. Some employees will be offered jobs in South Carolina, where McCall plans to consolidate its sweet-potato processing operations.

Krispy Kreme co-founder Rudolph dies

January 2, 2015

(Winston-Salem Journal)

Lewis Rudolph, who co-founded Krispy Kreme Doughnuts with his brother Vernon in 1937, died Sunday in Nashville, Tenn. He was 95. Rudolph was a former vice-president of the Winston-Salem doughnut-maker and remained involved with the company until he retired in 1985.

Southeastern NC may be well-suited for wind farms

January 2, 2015

(The Fayetteville Observer)

Advanced technology is allowing wind turbines to generate more energy with less resources, which means wind farms in North Carolina could be more economically viable than previously thought. Florida-based NextEra Energy Resources plans to study the potential for wind-energy development in Hoke County.

 

Wong passes torch to daughter at Highland Brewing

January 2, 2015

(Asheville Citizen-Times)

Oscar Wong is stepping down as president of Highland Brewing, the Asheville based company he founded 20 years ago. His daughter, Leah Wong Ashburn, will run the craft brewery while Wong will remain as chairman. 
Read more about Highland Brewing, Business NC's Small Business of the Year

Winston-Salem's BB&T building sells for $60 million

December 24, 2014

(Winston-Salem Journal)

BB&T Financial Center in downtown Winston-Salem has sold for $60 million, or $250 a square foot. Its the highest per-square-foot price paid for an office building in Winston-Salem and $25.9 million more than the building sold for in 2011.

Second media report says Mercedes-Benz looking at Triangle

December 24, 2014

(The News & Observer, Raleigh)

The Detroit News reported that Mercedes-Benz USA is considering the Triangle or Atlanta for a headquarters relocation. The auto-maker employs about 1,000 people in Montvale, N.J. The Wall Street Journal reported last week the company was looking at Atlanta and North Carolina, but did not specifically mention the Triangle.

Two new projects to add 700 apartments in downtown Charlotte

December 24, 2014

(The Charlotte Observer)

Two developers announced Tuesday plans to build apartment towers in downtown Charlotte. Charlotte-based Childress Klein Properties said it will build a 42-story, 392-unit tower above the Mint Museum on South Tryon Street, while Charleston, S.C.-based Greystar plans to build a 300-unit tower across from Romare Bearden Park.

NC overtakes Michigan as ninth-largest state

December 24, 2014

(The News & Observer, Raleigh)

Latest census data shows that North Carolina is now the nation's ninth-largest state with nearly 10 million people. The state added more than 95,000 residents between July 2013 and July 2014. N.C. State economics professor Michael Walden expects N.C.'s population will approach 14 million by mid-century.

Family Dollar delays Dollar Tree acquisition vote

December 24, 2014

Family Dollar on Tuesday delayed a vote on its proposed $8.5 billion acquisition by Dollar Tree until Jan. 22.

High Point expansions could add 140 jobs

December 24, 2014

(High Point Enterprise)

The High Point City Council will consider incentives for packaging design company Packrite to add 100 jobs in a $9.5 million expansion and for Vault, a locally based company that makes protective enclosures for computer tablets, to add 40 jobs over two years. The City Council will hold separate public hearing for the projects Jan. 5.