Business

Guilford commissioners study transition plan for prison farm

March 24, 2015

(The Times-News, Burlington)

Guilford County commissioners will consider a plan that would allow local farmers to lease land and greenhouses at the site of the 806-acre prison farm located in Alamance and Guilford counties. County leaders in 2013 proposed developing the site for advanced manufacturing and data centers (Statewide, March 2015), though that plan has not moved forward, Commissioner Alan Branson said.

ClubCorp adding NC golf courses

March 24, 2015

Dallas-based ClubCorp is buying golf courses near Winston-Salem and Charlotte as part of a $44 million package that includes six clubs.

Movement Mortgage breaks ground on South Carolina HQ

March 24, 2015

(The Charlotte Observer)

Movement Mortgage broke ground Monday on its new headquarters in Indian Land, S.C. South Carolina awarded the mortgage company started by former Carolina Panther Casey Crawford $53 million in incentives to bring 650 jobs there. The company will move 200 jobs from its Charlotte office. Related: "Catching a Break," July 2014.

NC tech companies to present at Southeast Venture Conference

March 24, 2015

(Greater Wilmington Business Journal)

Wilmington-based nCino and Next Glass are among 50 high-growth tech companies that will present at the Southeast Venture Conference, which will be held March 31-April 1 in Charlotte. More than 100 venture-capital and private-equity investors are expected to attend. Other North Carolina-based companies who will present include Winston-Salem-based Clinical Ink, Charlotte-based T1Visions and Durham-based Windsor Square.

Charlotte's SPX appoints IBM executive to board

March 24, 2015

(The Charlotte Observer)

Charlotte-based SPX named IBM's Anne Altman to its board of directors. Altman is general manager of U.S. Federal and Government Industries at the Armonk, N.Y.-based tech company. SPX makes engineered products for the food and beverage industry, oil and gas processing, and other industries.

Family Dollar CEO donates $45M to foundation

March 23, 2015

(The Charlotte Observer)

Howard Levine, CEO of Matthews-based Family Dollar Stores, will give $45 million he raised from selling 60,000 shares of company stock to his namesake foundation. Created in 2010, the Howard R. Levine Foundation now has $65 million in assets. Levine plans to give most of the money to social-services needs, including food and housing.

BB&T completes acquisition of Texas Citibank branches

March 23, 2015

(Winston-Salem Journal)

BB&T completed its $121.9 million purchase of 41 Citibank branches in Texas, making it the 14th largest bank in the Lone Star State. Most of the branches are in Dallas and Houston. The Winston-Salem-based bank acquired 21 Texas Citibank branches, mostly in the Austin and San Antonio markets, last June.

Winston-Salem's Clinical Ink raises $17 million

March 23, 2015

(Winston-Salem Journal)

Clinical Ink, a Winston-Salem-based clinical-research technology firm, raised $17 million in venture-capital funding and will acquire Boston-based CentrosHealth. Founded in 2006, the company also announced it will partner with pharmaceutical company Novartis, which was drawn to the company's electronic platform for use in clinical trials.

Biogen changes name, reports positive results for Alzheimer's drug

March 23, 2015

(The Herald-Sun, Durham)

Biogen reported promising results of an Alzheimer's treatment it is developing. The Massachusetts-based biotech company, which has a manufacturing site in RTP, said Friday that its investigational drug successfully slowed cognitive decline in patients with the progressive neurological disease. The company also shortened its name from Biogen Idec effective Monday.

Asheville's River Arts District gets makeover

March 23, 2015

(Asheville Citizen-Times)

Asheville's River Arts District will benefit from $50 million in public funding and about $200 million in private investment over the next six years. The money will pay for greenways, road improvements and other infrastructure upgrades in the once-industrial area.