Business

Vidant board approves $320 million bond proposal

February 25, 2015

(The Daily Reflector, Greenville)

Vidant Health approved a $320 million bond proposal that would fund construction of a $194 million cancer center and other projects. The Greenville-based health care system plans to break ground on the cancer center March 20.

Wilmington's nCino raises $29 million

February 25, 2015

Wilmington-based software company nCino Inc. completed a $29 million round of financing led by New York-based private-equity firm Insight Venture Partners. Spun out of small-business lender LIve Oak Bank in 2012, nCino plans to use the funds to expand in the United States, enter international markets, accelerate product development and add new employees.

Mast General Store coming to downtown Winston-Salem

February 25, 2015

(Winston-Salem Journal)

Mast General Store will open its ninth store – its sixth in North Carolina – in downtown Winston-Salem in May. The company's first store was founded in 1883 in Valle Crucis. The 15,000-square-foot Winston-Salem store will be located in the 87-year-old building that originally housed the Brown-Rogers-Dixson Co. hardware store. The store will employ about 35 people.

Charlotte's Polypore sold to Japanese chemical company

February 24, 2015

(The Charlotte Observer)

Charlotte-based Polypore will be sold to a Japanese chemical company in a deal valued at $3.2 billion. Asahi Kasei will pay $60.50 per share in cash for the parent company of Celgard, which makes battery components and has plants in Charlotte and Concord.

Lenovo issues apology over adware

February 24, 2015

(WRAL TechWire)

Lenovo's chief technology officer apologized to customers about the Superfish adware the computer-maker pre-installed on laptops between September 2014 and January 2015. The company, which has its North American headquarters in Morrisville, first said the adware posed no security risk then later changed its statement and now calls the risk "severe."

ECU medical school seeks more funding

February 24, 2015

(The News & Observer, Raleigh)

ECU Chancellor Steve Ballard wants the state legislature to increase funding for the Brody School of Medicine by $8 million this year and by $30 million each year afterward. Ballard says the school needs the additional funding to keep training doctors for rural North Carolina and to keep operating clinics that serve eastern N.C. residents who can't afford to pay for healthcare.

Bill aims to lure more data centers to NC

February 24, 2015

(News & Record, Greensboro)

North Carolina legislators introduced a bill that provides a sales-tax exemption on electrical bills for companies that operate data centers in the state. Rep. Mike Hager, who co-sponsored the bill, says that while data centers don't provide a lot of jobs, the jobs pay well, and more data centers could attract high-tech suppliers to nearby communities.

Morrisville's MaxPoint details plans for IPO

February 24, 2015

(The News & Observer, Raleigh)

Morrisville-based MaxPoint Interactive hopes to sell 6.5 million shares priced between $10.50 and $12.50 each in its initial public offering, according to a regulatory filing Monday. The digital-marketing company helps clients determine the best neighborhoods to market their products.

Appalachia report shows progress, deficiencies

February 24, 2015

(News & Record, Greensboro)

A new report shows poverty rates in the Appalachian region have fallen by about half since 1965, when the Appalachian Regional Commission was established to help the 420 counties in the 13-state region. The study says the region still lags behind the rest of the country in several important measures.

 

Fayetteville approves incentives for chicken plant

February 24, 2015

(WRAL.com)

Fayetteville City Council voted 7-3 in favor of incentives for Sanderson Farms to build a chicken-processing plant that would create 1,000 jobs. Cumberland county commissioners approved economic incentives for the project in January, reversing an earlier decision. The Mississippi-based company hasn't said if it is still considering Cumberland for its proposed plant; Robeson County held a hearing last week for a similar project, speculated to be Sanderson Farms.