Business

Uptown Charlotte looks to attract more shoppers, retailers

February 23, 2015

(The Charlotte Observer)

Uptown Charlotte, which is projected to have more than 15,000 residents by year-end, has plenty of restaurants and bars but a scarcity of retail shops. Chris Hemans, director of retail for Charlotte Center City Partners, says adding better signage for parking and encouraging existing retailers to stay open on the weekends will help lure more shoppers uptown.

CaroMont Health extends lease agreement with Gaston

February 23, 2015

(The Gaston Gazette)

CaroMont Health will extend its lease agreement with Gaston County for 40 years and plans to invest $200 million in improvements at the 435-bed hospital. The health system will continue to rent the property for $1 a year, but will make a one-time payment of $20 million to the county in March.

Butterball creating 367 jobs in Raeford

February 20, 2015

(The Fayetteville Observer)

Garner-based Butterball will invest $70 million in the former House of Raeford turkey plant and plans to create 367 jobs. That's welcome news to the town of Raeford, where more than 1,300 people lost their jobs in 2013 and 2014 when House of Raeford closed two local plants ("Turkey Trot," January).

Wal-Mart raising pay for nearly 40% of its workers

February 20, 2015

(The Fayetteville Observer)

North Carolina's largest private employer is giving raises to about 500,000 employees – about 40% of its workforce – and will add training programs to help its workers make plans to advance their careers. Wal-Mart Stores will invest $1 billion to roll out its new plans, which include raising entry-level wages to at least $10 an hour by February 2016.

Wilmington officials to press for expansion of film grant program

February 20, 2015

(Greater Wilmington Business Journal)

Elected officials and film-industry leaders joined together at a press conference in Wilmington on Thursday and said they would advocate to increase funding for the state's new film grant program. Johnny Griffin, director of the local film commission, said that normally at this time of year Wilmington would have received 20 to 25 inquiries about film projects – this year there have been three.

Belk closing Pineville distribution center, moving jobs to SC

February 20, 2015

(The Charlotte Observer)

Charlotte-based retailer Belk will lay off 111 workers at a Pineville distribution center as it expands in Jonesville, S.C. Affected employees were offered jobs at the Jonesville center, about 75 miles southwest of Charlotte. The privately owned department-store chain operates 300 stores in 16 states.

Matheny wants to lead Downtown Greensboro Inc.

February 20, 2015

(News & Record, Greensboro)

Greensboro City Councilman Zack Matheny said he will apply to be president and CEO of Downtown Greensboro Inc. Jason Cannon resigned earlier this month from the top post of the downtown-advocacy group.

Reynolds looks to expand line of smoking-cessation products

February 20, 2015

(Winston-Salem Journal)

Reynolds American is partnering with pharmaceutical company PinneyAssociates to develop products related to smoking cessation. The Winston-Salem-based tobacco company began distribution in September of Zonnic nicotine gum. 

Charlotte considers incentives for Frito-Lay expansion

February 20, 2015

(The Charlotte Observer)

Charlotte City Council will consider incentives for Frito-Lay to expand its local plant. The snack-maker would invest $74 million in its 38-year-old factory in southwest Charlotte, adding 30 to 35 jobs to its 563 by 2018. 

Triad communities receive rural-development grants

February 20, 2015

(Winston-Salem Journal)

The Triad communities of Mocksville and Thomasville are among recipients of a new round of grants approved by the N.C. Rural Infrastructure Authority. The authority said Thursday it approved 18 grants and loans totaling more than $6 million.