Business

Triangle ranked No. 2 real-estate market for life-sciences industry

July 28, 2015

(The News & Observer, Raleigh)

The Triangle ranked second only to Boston as a top U.S. real-estate market for life-sciences companies, according to a report from real-estate services firm JLL. The report was based on factors including concentration of life-sciences workers, venture-capital funding and government funding.The region ranked fourth last year.

$4M returned to NC film incentive program

July 28, 2015

(StarNews, Wilmington)

The N.C. Film Grant program has $4 million available for qualifying film projects and will accept applications through Aug. 7.  A planned remake of the 1987 film Dirty Dancing has been delayed, prompting producers to release the funds. State legislators have not determined whether additional funds will be restored to the film incentive program for 2015-16.

BofA joins major US companies in $140B environmental initiative

July 28, 2015

(The Charlotte Observer)

Charlotte-based Bank of America joined 12 other major U.S. corporations in committing to decrease their carbon footprints. Apple, Coca-Cola, Goldman Sachs Group and Wal-Mart Stores also pledged to reduce emissions, reduce water consumption and increase production of renewable energy.

Durham startup raises $13M

July 28, 2015

(The News & Observer, Raleigh)

Durham-based startup Baebies completed a $13 million financing that included Rex Health Ventures and Duke Angel Network. The company is developing technology to expand newborn health screenings. Baebies employs 40 people; co-founder Richard West expects that number to grow now that the financing round is complete.

Sonic Automotive promotes Scott Smith to CEO

July 28, 2015

(The Charlotte Observer)

Scott Smith, 47, will replace his father Bruton Smith as CEO of Sonic Automotive. Bruton Smith, 88, will become executive chairman of the Charlotte-based auto dealership. The younger Smith was named CEO of Speedway Motorsports earlier this year.

Zoo director announces retirement

July 28, 2015

(High Point Enterprise)

David Jones will retire later this year after 21 years as director of the North Carolina Zoo. Chief Operating Officer Pat Simmons, who was previously president and CEO of the Akron, Ohio Zoo, will take over as director on Sept. 1.
Related: "Animal magnetism," a behind-the-scenes look at the N.C. Zoo, from BNC's July issue

Reynolds' e-cig slips in market share report

July 28, 2015

(Winston-Salem Journal)

Market share of Vuse, the electronic cigarette produced by Winston-Salem-based Reynolds American, has slipped from 35.7% to 34.2%, according to Nielsen data as of July 11. Blu eCigs, now owned by ITG Brands, was second with a 24.1% market share.
Related: Reynolds American beats 2Q profit forecasts

Second wood-pellet storage dome going up at Port of Wilmington

July 28, 2015

(Greater Wilmington Business Journal)

Wood-pellet producer Enviva plans to inflate a second storage dome at Port of Wilmington as early as Wednesday, depending on weather conditions. The first dome was erected on June 15.

Bojangles' names new VP of IT and strategic planning

July 28, 2015

(The Charlotte Observer)

Bojangles' named Jayson Romeo vice president of IT and strategic planning. Romeo, who brings nearly three decades of quick-service restaurant experience, was hired in 2014 as senior director of strategic management.

Catawbas in talks with Hard Rock for NC casino

July 27, 2015

(The Charlotte Observer)

Catawba Indian Nation Chief Bill Harris says the tribe is negotiating with Hard Rock International for branding of its proposed $600 million casino near Kings Mountain. Gov. Pat McCrory and other state officials have said they oppose the casino and hotel project, which the South Carolina-based tribe says could employ up to 4,000 people.