Business

Rooms to Go's Dunn distribution center to open in August

January 26, 2015

(The Fayetteville Observer)

Rooms to Go plans to open its second-largest U.S. distribution center in August along Interstate 95 near Dunn. The 1.45-million-square-foot center will create about 225 jobs. 

BB&T confirms job cuts

January 26, 2015

(Winston-Salem Journal)

BB&T said it has cut 1,440 full-time jobs – 4.3% of its workforce – since March 2014 as part of a restructuring. A spokeswoman for the Winston-Salem-based bank says the majority of the cuts are from attrition. 

Wilmington's nCino makes Forbes 'Most Promising Companies' list

January 26, 2015

Wilmington-based nCino was the only North Carolina business to make Forbes' recent list of America's Most Promising Companies. nCino ranked 93rd on the list, which includes private companies generating less than $300 million annually and considers revenue growth, employee growth, capital raised and management, among other factors.

Report: Land Rover considering auto plant in southern U.S.

January 26, 2015

(The News & Observer, Raleigh)

An October report in the United Kingdom-based The Sunday Times said Jaguar Land Rover Automotive is in talks with several Southern states about opening a plant where it could produce 200,000 cars a year. Gov. Pat McCrory and other N.C. economic-development officials visited the United Kingdom on a job recruitment trip last week, though a spokesman for the governor declined to provide details.

County officials surprised over CFCC president's resignation

January 26, 2015

(Greater Wilmington Business Journal)

Trustees provided few details regarding Cape Fear Community College President Ted Spring's abrupt resignation on Thursday, while county commissioners expressed surprise and concern over Spring's departure. 

La-Z-Boy closure shows risk of economic incentives

January 26, 2015

(High Point Enterprise)

Unlike Charlotte, which had a clawback provision in its incentives deal with Chiquita Brands International, High Point stands to lose money when La-Z-Boy closes its regional corporate office over the next two years. The city expects to lose $300,000 to $400,000 of the $600,000 incentives deal with the furniture manufacturer.

Duke Energy plans 13-megawatt solar farm in Onslow County

January 26, 2015

(Winston-Salem Journal)

Through a partnership with the U.S. Navy and U.S. Marine Corps, Duke Energy will build a 13-megawatt solar project at Camp Lejeune. The 80-acre project could provide enough power for about 3,000 homes.

Report: Volvo looking at NC for auto plant

January 23, 2015

(The News & Observer, Raleigh)

North Carolina is in the running for a Volvo plant, according to a report in London-based Financial Times. Sources said the Swedish automaker, which does not have a U.S. plant, has talked to legislators from Kentucky, North Carolina and South Carolina regarding potential incentives for the project.

Tillis calls for offshore drilling along NC coast

January 23, 2015

(The Charlotte Observer)

U.S. Sens. Thom Tillis and Richard Burr proposed an amendment to the Keystone pipeline bill that would allow offshore drilling for oil and natural gas from Florida to Delaware. In his first speech on the Senate floor, Tillis cited a study that says the practice could generate $4 billion in state revenue and support 55,000 jobs in North Carolina.

Family Dollar shareholders approve sale to Dollar Tree

January 23, 2015

Family Dollar Stores Inc. shareholders voted Thursday to approve the sale of the Matthews-based discount retailer to Chesapeake, Va.-based Dollar Tree Inc.
Related: Next for Family Dollar: Completing the deal