Business

Equestrian center brings challenges, benefits to Polk County

September 11, 2014

(Hendersonville Times-News)

Tryon International Equestrian Center, opened July 2, is already having an impact on Polk County, which lacks enough hotels to accommodate the thousands of spectators the 1,400-acre resort expects to draw. The $100 million project, still under construction, will eventually include two hotels, an RV park and other lodging (Regional Report, August).

Mixed-use project announced for Gleneagles site in south Charlotte

September 11, 2014

(The Charlotte Observer)

Harris Land Co. filed a rezoning petition for a long-vacant site near Quail Hollow Club in South Charlotte. If the application is approved, the 19-acre site will be developed into offices, retail, condos and a hotel. Owner Dee-Dee Harris announced plans for a similar project more than a decade ago, but it was never completed.

Asheville breweries expand to keep up with demand

September 11, 2014

(Asheville Citizen-Times)

Craft beer sales are up 20% over last year, and Asheville breweries are spending millions to keep up with demand. The area's largest project is New Belgium's $175 million brewery under construction in West Asheville, which expects to hire up to 350 employees by spring 2015.

PNC Bank prospers in Southeast after RBC purchase

September 11, 2014

(The News & Observer, Raleigh)

Jim Hansen, regional president for the Eastern Carolinas at PNC Bank, says the bank is thriving in the Southeast since its 2012 acquisition of Raleigh-based RBC Bank. The Pittsburgh bank has experienced 22% annual revenue growth in Southeastern markets.

NewDominion Bank CEO Hipp to retire

September 11, 2014

(The Charlotte Observer)

John Hipp will retire as chief executive officer of Charlotte-based NewDominion Bank at year-end. Hipp joined the community bank in 2010. Current CFO Blain Jackson will succeed him as CEO.

Third executive named in ZeekRewards case

September 11, 2014

(Winston-Salem Journal)

The receiver in the ZeekRewards.com case will seek to recover $2.27 million from Darryle Douglas of Huntington Beach, Calif. Douglas received the money from the Lexington-based Ponzi scheme, which was shut down in 2012.

Dollar General plans hostile bid for Family Dollar

September 10, 2014

(The Charlotte Observer)

Dollar General will attempt a hostile takeover of Family Dollar Stores by taking its $9.1 billion offer directly to the Matthews-based company's shareholders, The Wall Street Journal reports. The company will offer to pay $80 a share in cash. The tender offer will allow the Goodlettsville, Tenn.-based retailer to begin antitrust discussions with the Federal Trade Commission.

Enviva to invest $214 million in wood-pellet plants

September 10, 2014

(The News & Observer, Raleigh)

Enviva will invest $214 million and create 160 jobs at two wood-pellet mills in Richmond and Sampson counties. The Maryland-based company will receive up to $1.7 million in state incentives if it meets job creation and investment targets. The wood pellets will be shipped from Port of Wilmington to Europe, where they are used for fuel (Timber Tantrum, August).  

Final fracking hearing expected to draw more than 500

September 10, 2014

(The Sylva Herald)

Environmental-protection groups predict more than 500 people will attend North Carolina's final public hearing on fracking at Western Carolina University, even though legislators announced last week the state Geological Survey won't test for natural-gas deposits in Western N.C.

Raleigh's PRA Health Services files for initial public offering

September 10, 2014

(The News & Observer, Raleigh)

Raleigh-based PRA Health Services plans to raise as much as $375 million in an initial public offering, according to a company filing with the Securities and Exchange Commission. The world's fourth-largest contract research organization was acquired by private-equity firm Kohlberg Kravis Roberts for $1.4 billion in 2013.