Business

North State expanding gigabit Internet service

August 29, 2014

(News & Record, Greensboro)

High Point-based North State Communications plans to expand its high-speed gigabit Internet service to more than 50,000 homes and businesses in the Triad by year-end.

New leader named at Northern Hospital

August 29, 2014

(Winston-Salem Journal)

Northern Hospital of Surry County named Ned Hill president and CEO effective Oct. 6. Hill, who comes from Memorial Hospital of Carbon County in Wyoming, replaces Bill James, who left to become president of Lexington Medical Center in April.

Monroe paving company CEO pleads guilty to fraud

August 29, 2014

(The Charlotte Observer)

Carl "Drew" Boggs, CEO of Monroe-based Boggs Paving Inc., pleaded guilty Thursday to defrauding state and federal governments. Boggs was charged with receiving $87 million in government contracts by exaggerating the role a minority contractor, also involved in the scheme, would play in the work.

Economic development leaders call for special legislative session over incentives

August 28, 2014

(The News & Observer, Raleigh)

Commerce Secretary Sharon Decker says the state Job Development Investment Grant fund could run out of money by late October unless legislators increase incentives. Decker says the state is pursuing a project that would take 80% of the remaining funds if the company decides to locate in North Carolina. 

United Furniture to create 200 jobs in Winston-Salem

August 28, 2014

(Winston-Salem Journal)

United Furniture will create 200 jobs in a manufacturing and distribution center at the former Hanesbrands' Weeks Plant in Winston-Salem (Regional Report, January). The Okolona, Miss.-based company will invest $5.2 million over three years in the 850,000-square-foot plant. The company employs 940 at three other North Carolina locations. 

Audits show lack of oversight at Charlotte Douglas airport

August 28, 2014

(The Charlotte Observer)

External auditors hired by the city of Charlotte found lax oversight at Charlotte Douglas International Airport, the nation's eighth-busiest. Interim Aviation Director Brent Cagle attributes the problems to the airport's rapid growth over the past decade.

Chinese lumber company could buy Stanley Furniture plant

August 28, 2014

(Asheville Citizen-Times)

Tide & Times Group USA, a Chinese-owned lumber exporter with a headquarters in Charlotte, is in talks to buy part of the Graham County manufacturing plant previously occupied by Stanley Furniture (Regional Report, May). Robbinsville Mayor Steve Hooper said the company would hire 20 workers initially and could expand its workforce to 150.

BB&T promotes Brown to president

August 28, 2014

(Winston-Salem Journal)

Winston-Salem-based BB&T Corp. named Ricky Brown president of the bank, effective immediately. He replaces Rob Greene, who retired after nearly 20 years in the position. Brown has worked for BB&T since 1977, and has served as president of the community banking division since 2004.

Chiquita urges shareholders to support Fyffes merger

August 28, 2014

(The Charlotte Observer)

Chiquita Brands International and Irish produce company Fyffes said Wednesday the two companies could save $60 million a year by merging operations, up from a previous estimate of $40 million a year. Chiquita also sent a letter to shareholders urging them to support the planned merger with Fyffes. Brazil-based Cutrale and Safra Group are lobbying shareholders to support their competing buyout offer.

Skills gap leaves 1,500 jobs vacant in Guilford County

August 28, 2014

(News & Record, Greensboro)

Guilford County businesses have 1,500 open jobs and not enough skilled workers to fill them, based on the results of a survey released Wednesday. Skilled trades, engineering, and machining are among the industries struggling the most to find qualified workers.