Business
Downtown Durham picks new leader
May 21, 2013
(The Herald-Sun, Durham)
Downtown Durham Inc. named Geoffrey Durham its new president and CEO. He replaces Bill Kalkhof, who retired last month after 20 years leading the booster group.
Large development planned for Cramerton
May 21, 2013
(The Gaston Gazette)
A mixed-use development in Cramerton that is expected to include houses, condos, apartments, office and commercial space is expected to break ground this summer after more than two years of planning. The community will center around green and sustainable living.
Swisher Hygiene faces Nasdaq delisting
May 21, 2013
(The Charlotte Observer)
Charlotte-based Swisher Hygiene is behind in filing its quarterly financial statements and is risking being delisted by the Nasdaq and Toronto Stock Exchange.
BCBS losing influence in legislature
May 20, 2013
(The News & Observer, Raleigh)
Blue Cross Blue Shield of North Carolina has apparently lost some clout in the General Assembly this year, with several bills, such as one that requires the health insurer to cover more services for autistic people, passing despite the company's lobbying.
Wilmington struggles with shortage of construction workers
May 20, 2013
(StarNews, Wilmington)
WIlmington and other communities in the state are struggling to find enough skilled construction workers despite the economy, making it particularly tough for smaller residential builders. The shortage is largely attributed to retirements, geographic shifts of workers and less immigration.
Triangle companies pursue job candidates aggressively
May 20, 2013
(The News & Observer, Raleigh)
Despite a relatively high unemployment rate, companies in the Triangle that are hiring, such as Citrix, MetLife, LexisNexis and Red Hat, face a competitive recruitment process and are aggressively pursuing job candidates.
Fayetteville coliseum seeks ways to grow
May 20, 2013
(The Fayetteville Observer)
Fayetteville's county-controlled Crown Colisuem is considering privatizing as it has struggled with attracting big-name acts and large crowds since opening in 1997. Officials partly blame problems on a transient military population.
Top Triad executives get pay raises
May 20, 2013
(Winston-Salem Journal)
Eight of the 10 top-compensated executives at companies with a presence in the Triad got pay raises last year, mostly because of increased stock and option awards.
Rail yard at Charlotte airport seen as economic boon
May 20, 2013
(The Charlotte Observer)
An intermodal rail yard at Charlotte's airport that will be operated by Norfolk Southern is seen as a potential economic boon as officials hope for increased cargo at East Coast ports from a widened Panama Canal. But estimates on economic impact vary widely.
Piedmont Triad Partnership faces cuts
May 20, 2013
(Winston-Salem Journal)
The Piedmont Triad Partnership, which helps recruit business for 12 counties, is facing a 23% cut to its funding as lawmakers debate changing how North Carolina lures businesses by turning more functions over to the private sector.
