Business

Krispy Kreme celebrates 1,000th store with free doughnuts

February 18, 2015

(Winston-Salem Journal)

Krispy Kreme Doughnuts will open its 1,000th store next Tuesday, and the Winston-Salem-based company plans to offer a free doughnut to the first 1,000 customers at all of its stores worldwide to celebrate the milestone. The Kansas City, Kan., store will be the company's fourth in the state.

Concord's Alevo inks deal with wholesale energy supplier

February 18, 2015

(The Charlotte Observer)

Alevo Group signed an agreement with Philadelphia-based Customized Energy Solutions to supply 200 megawatts of its GridBank energy-storage units. Alevo opened a manufacturing site in October at the former Philip Morris plant in Concord and plans to hire up to 2,500 workers within three years (Statewide, December).

MaxPoint Interactive's 2014 revenue exceeded $100M

February 18, 2015

(The News & Observer, Raleigh)

MaxPoint Interactive, the Morrisville-based digital-marketing company that recently announced plans to go public, had revenue of $106.5 million in 2014, up 61% from the previous year, according to a securities filing.

Robeson County may have violated state law in approving incentives

February 18, 2015

(The Fayetteville Observer)

Robeson County may have violated the state's open meetings law when it approved incentives for an unnamed company – speculated to be poultry producer Sanderson Farms – to bring 1,000 jobs to the county. Robeson County Attorney Patrick Pait disagrees, and says there will be additional hearings on the project if it advances.

BofA's Moynihan earns less in 2014

February 18, 2015

(The Charlotte Observer)

Bank of America CEO Brian Moynihan's compensation fell to $13 million in 2014, $1 million less than the previous year. Moynihan's base salary remained the same, while his stock bonus fell to $11.5 million from $12.5 million in 2013. Annual profit for the Charlotte-based bank fell by 58%.
Related: "After the Fall," January

Chapel Hill developer selected for Wilmington's Water Street project

February 18, 2015

(StarNews, Wilmington)

Chapel Hill-based East West Partners was chosen to redevelop the Water Street parking deck in downtown Wilmington. The company's initial proposal includes 554 parking spaces, 190 apartments and more than 31,000 square feet of retail space.

Report: 60% of state job-incentive deals were canceled

February 17, 2015

(The News & Observer, Raleigh)

A report from the N.C. Justice Center says about 60% of Job Development Investment Grants issued between 2002 and 2013 were canceled because companies did not create as many jobs as promised. 

Cumberland votes in favor of Sanderson Farms incentives, Robeson approves similar deal

February 17, 2015

(The Fayetteville Observer)

Cumberland County commissioners approved incentives for Sanderson Farms to build a $95 million chicken-processing plant, while nearby Robeson County and the town of St. Pauls approved incentives for an unidentified company that closely resembles the Mississippi-based poultry processor. The Sanderson Farms plant could bring about 1,000 jobs to the region. 

Anheuser-Busch drops legal battle with Natty Greene's

February 17, 2015

(The News & Observer, Raleigh)

Anheuser-Busch has withdrawn its opposition to Natty Greene's Brewing Co.'s trademark application for the phrase "Natty Greene's," a name the Greensboro-based brewer has used for more than a decade. Anheuser-Busch had argued the phrase is too similar to its trademarked "Natty Light" phrase it uses to promote its Natural Light beer.

Kelly makes it permanent at Piedmont Triad Partnership

February 17, 2015

(Winston-Salem Journal)

Retired Wells Fargo executive Stan Kelly will serve as CEO and president of the Piedmont Triad Partnership on a permanent basis, the economic-development group said. Kelly took over the roles on an interim basis in January, replacing David Powell. Kelly retired last summer as regional president for San Francisco-based Wells Fargo.