Business

ACC tournament moving to Brooklyn in 2017

March 17, 2014

(The News & Record, Greensboro)

Sports Illustrated reported Friday that the ACC men's basketball tournament will be held in Brooklyn in 2017. The tournament will be held in Greensboro again in 2015, and in Washington, D.C., in 2016. Greensboro Coliseum director Matt Brown said he believes Greensboro will remain in the rotation of cities that host the tournament.

Davie County's Ventlab closing, moving business to Michigan

March 17, 2014

(The Salisbury Post)

Ventlab Corp., a medical-products manufacturer which employed 50 in Mocksville, closed Friday. The company was sold to Grand Rapids, Mich.-based Demspey Ventures in March 2013 and the new owner will move operations to Michigan.

Burlington airport helps bring new employers to the area

March 17, 2014

(The Times-News, Burlington)

A 2012 extension of its runway has given the Burlington-Alamance County Regional Airport the capacity to land bigger, corporate jets, making it a tool for economic development in the region.

New Hanover considers $500,000 incentive for Fortron expansion

March 17, 2014

(StarNews, Wilmington)

New Hanover County commissioners will consider a $500,000 incentive for Fortron Industries Inc. to expand its existing polyphenylene sulfide-manufacturing plant there. To receive the incentive, Fortron would need to invest $50 million and retain 60 jobs.

Dirtbag Ales to open brewery in Hope Mills

March 17, 2014

(The Fayetteville Observer)

Dirtbag Ales will open its own brewery in June in Hope Mills. The company, started by two Army medics, currently brews two beers at Aberdeen's Railhouse Brewery that are distributed to area restaurants.

Charlotte Golf Links closes after auction

March 17, 2014

(The Charlotte Observer)

The Charlotte Golf LInks, part of the Carolina Trail group, closed Friday. A representative from the Mecklenburg Office of the Tax Collector said the course was auctioned and its San Francisco-based lender bought it and foreclosed.

Lobbying group for convenience stores says prohibit e-cigarette sales to youth

March 17, 2014

(The Winston-Salem Journal)

The National Association of Convenience Stores is advising its members not to sell electronic cigarettes to youth. Convenience stores account for about 75% of brick-and-mortar retail e-cigarette sales. 

 

 

DENR wants more details on Duke Energy's coal-ash cleanup plan

March 14, 2014

(The News & Observer, Raleigh)

The N.C. Department of Environment and Natural Resources has rejected a four-page letter Duke Energy submitted as its plan to clean up 33 ash ponds at coal plants across the state, saying the report was inadequate.

Lenovo to move server unit to former Sony-Ericsson campus

March 14, 2014

(The News & Observer, Raleigh)

Lenovo will move Triangle operations of IBM's x86 server unit to the 450,000-square-foot corporate campus formerly occupied by Sony Ericsson at Research Triangle Park. The computer-maker also plans to build a 30,000-square-foot office to house its Enterprise Business Group.

Wilmington's PPD chosen for study on federal health emergencies

March 14, 2014

(Greater Wilmington Business Journal)

The U.S. Department of Health and Human Services announced that Wilmington-based PPD will join a clinical-studies network of five companies that will supply data to be used to develop medical countermeasures for federal health emergencies such as pandemics and bioterrorism.