Business

Asheville's 5x5 economic-development plan exceeds goals

June 19, 2015

(Asheville Citizen-Times)

Since July 2010, 36 companies have invested more than $1 billion and created 6,385 jobs in the Asheville region, according to the Asheville-Buncombe County Economic Development Coalition. The activity exceeded the goals of Asheville's 5-year economic-development plan, which aimed to create 5,000 jobs and draw $500 million in capital investment in five target sectors.

Tech entrepreneur starts Cary-based venture-capital fund

June 19, 2015

(The News & Observer, Raleigh)

David Gardner, who has founded or co-founded seven startups, has raised $10 million – with commitments for another $2 million – for Cofounders Capital, a Cary-based venture-capital fund that will invest in Triangle-based software companies.

Dollar Tree to slash prices, update look of Family Dollar stores

June 19, 2015

(The Charlotte Observer)

Dollar Tree CEO Bob Sasser says the company plans to cut prices of some items and spruce up the appearance of Family Dollar stores after its $8.5 billion acquisition of the Matthews-based retailer is complete. The deal, expected to close in early July, will give the combined company more than 13,000 stores.

Triad leaders hold public meeting on megasite plans

June 19, 2015

(News & Record, Greensboro)

Representatives from Greensboro, Randolph County and HDR Engineering held a public meeting Thursday to answer questions and explain the process of assembling and designing the Greensboro-Randolph Megasite, an 1,800-acre property local officials hope will attract a large-scale manufacturer such as an automaker.

NC awards rural infrastructure grants

June 19, 2015

(Winston-Salem Journal)

The N.C. Rural Infrastructure Authority awarded 15 grants or loans, including several in the Triad, to support economic-development efforts. Among the recipients is Lexington, which will receive $750,000 for Piedmont Candy – maker of Red Bird peppermint candies – to renovate an 89,524-square-foot building where it will hire 38 workers.

Williams Mullen to vacate Wilmington office

June 19, 2015

(Greater Wilmington Business Journal)

Williams Mullen will close its Wilmington office by the end of August, consolidating with its Raleigh offices. The law firm, which has 230 attorneys in the Carolinas, Virginia and Washington, D.C., says it will continue to serve its Wilmington clients.

Carroll plans 28-story tower in Greensboro

June 18, 2015

(News & Record, Greensboro)

Roy Carroll wants to build a 28-story office tower in Greensboro that would be the fifth-tallest building in North Carolina. The Greensboro developer hasn't chosen a site for the 561-foot-tall building and says he won't break ground until the building is leased.

Dayco Products closing 3 distribution centers in eastern NC

June 18, 2015

(The Fayetteville Observer)

Dayco Products will close three distributions centers in Cumberland and Robeson counties by early 2016. The Tulsa, Okla.-based company did not say how many jobs will be lost, but a local official said the two Fayetteville centers employ 180 people. Dayco, which makes engine components for the automotive, construction and other industries, says it plans to consolidate distribution into one facility in the central U.S.

CLT considers ways to welcome Uber, Lyft

June 18, 2015

(The Charlotte Observer)

Aviation Director Brent Cagle says Charlotte Douglas International Airport could create a designated spot for ride-booking services such as Uber and Lyft to pick up and drop off passengers. Cagle also said he wants to create a remote parking lot to serve as a dispatch hub for taxis, shuttles and ride-sharing companies.

Steel Tube expanding in Statesville

June 18, 2015

(Winston-Salem Journal)

Steel Tube will double production capacity at its Statesville plant, adding 32,000 square feet and up to 20 new employees. The company makes galvanized steel tubing for construction and other industries.