Business

Raleigh-based Baxano Surgical gets $10 million investment

March 18, 2014

(Greater Wilmington Business Journal)

Baxano Surgical, a medical-device company that moved its headquarters from Wilmington to Raleigh last spring, will receive investments totalling $10 million from two unnamed investors to expand its product portfolio. The company also appointed Tim Shannon, the company's interim CFO since September, to the post permanently.

ECU offers new degree in forensic science

March 18, 2014

(The Daily Reflector, Greenville)

East Carolina University has a new degree program to prepare students for careers in forensic science and crime-scene investigation units. The Bachelor of Science degree in multidisciplinary studies with a focus on forensic science will teach students how to perform biological, chemical and physical analysis on crime-scene evidence.

Charlotte outlet mall to open July 31

March 18, 2014

(The Charlotte Observer)

Charlotte Premium Outlets has set July 31 as an opening date. The 400,000-square-foot outlet mall will employ about 900 at 100 stores, which will include Saks Fifth Avenue Off Fifth, Brooks Brothers, Le Creuset and Swarovski. 

Charlotte lenders return to subprime mortgages

March 17, 2014

(The Charlotte Observer)

A growing number of lenders in the Charlotte area are lowering minimum credit scores needed to obtain home loans, with some smaller lenders accepting borrowers with FICO scores as low as 500. 

Business-software company expanding in Raleigh

March 17, 2014

(The News & Observer, Raleigh)

California-based business-software company Workday will hire eight more workers to its existing 21 at its Raleigh office by year-end. The company, which offers human resources and financial software, also expects to open a new office in Charlotte this year.

ACC tournament moving to Brooklyn in 2017

March 17, 2014

(The News & Record, Greensboro)

Sports Illustrated reported Friday that the ACC men's basketball tournament will be held in Brooklyn in 2017. The tournament will be held in Greensboro again in 2015, and in Washington, D.C., in 2016. Greensboro Coliseum director Matt Brown said he believes Greensboro will remain in the rotation of cities that host the tournament.

Davie County's Ventlab closing, moving business to Michigan

March 17, 2014

(The Salisbury Post)

Ventlab Corp., a medical-products manufacturer which employed 50 in Mocksville, closed Friday. The company was sold to Grand Rapids, Mich.-based Demspey Ventures in March 2013 and the new owner will move operations to Michigan.

Burlington airport helps bring new employers to the area

March 17, 2014

(The Times-News, Burlington)

A 2012 extension of its runway has given the Burlington-Alamance County Regional Airport the capacity to land bigger, corporate jets, making it a tool for economic development in the region.

New Hanover considers $500,000 incentive for Fortron expansion

March 17, 2014

(StarNews, Wilmington)

New Hanover County commissioners will consider a $500,000 incentive for Fortron Industries Inc. to expand its existing polyphenylene sulfide-manufacturing plant there. To receive the incentive, Fortron would need to invest $50 million and retain 60 jobs.

Dirtbag Ales to open brewery in Hope Mills

March 17, 2014

(The Fayetteville Observer)

Dirtbag Ales will open its own brewery in June in Hope Mills. The company, started by two Army medics, currently brews two beers at Aberdeen's Railhouse Brewery that are distributed to area restaurants.