Business

Natty Greene's explores expansion opportunities

April 15, 2015

(News & Record, Greensboro)

While cities including Rocky Mount and Greenville have shown interest in luring Natty Greene's Pub & Brewing Co. away from Greensboro, co-founder Chris Lester has said he wants to keep the business in the Gate City. The company is seeking financing for a $10 million to $15 million expansion of its production facility.

Publix continues push into NC grocery market

April 15, 2015

(The Charlotte Observer)

Florida-based Publix will buy two vacant Lowes Foods stores, one in Cary and one in Gastonia. Terms of the deal, which is expected to close later this month, weren't disclosed.

Asheville startup acquired by Boston software company

April 15, 2015

(Asheville Citizen-Times)

Lab Escape, a 12-year-old Asheville-based software company with five employees, has been acquired by Boston-based e-commerce company Teikametrics for an undisclosed amount. Teikametrics helps third-party Amazon retailers with pricing and inventory analysis.

Property revaluation adds to Charlotte's budget shortfall

April 15, 2015

(The Charlotte Observer)

A recent commercial property revaluation showed significant reductions that have cost the city of Charlotte about $14 million in property taxes. Some property owners, meanwhile, will save hundreds of thousands of dollars on their tax bills.

Duke Energy hearing delayed

April 15, 2015

(WRAL.com)

A U.S. District Court judge approved a one-month delay of Duke Energy's hearing for violations of the Clean Water Act at five North Carolina power plants. The Charlotte-based utility said in February it would pay $102 million in fines and restitution over the pollution.

Cary's Dude Solutions acquires Sanford software company

April 15, 2015

(The News & Observer, Raleigh)

Cary-based Dude Solutions has acquired Mobile311, a small Sanford-based software company, for an undisclosed amount. The company will incorporate Mobile311's technology into its FacilityDude software, which helps government groups and others manage building maintenance and IT operations.

Asheville airport get $10M federal grant

April 15, 2015

(Asheville Citizen-Times)

Asheville Regional Airport was awarded a $10 million federal grant that will help fund a $64 million, four-year project to replace the airport's 50-year-old runway.

Rezoning battle continues in Greensboro

April 15, 2015

(News & Record, Greensboro)

A neighborhood group in Greensboro plans to file a protest petition following a zoning commission's decision that will clear the way for an Atlanta developer to build a grocery store, shops and about 20 residential units at the corner of Friendly Avenue and Hobbs Road. The petition will require city council members to vote on the proposal.

Lee County residents protest coal-ash storage plans

April 14, 2015

(The News & Observer, Raleigh)

About 140 people turned out Monday for a public hearing on Duke Energy's proposal to store up to 20 million tons of coal ash in two Lee County landfills. Lee County initially opposed the proposal but has since agreed not to challenge the plan in exchange for a $12 million payment from the utility.

Herbalife could add 300 jobs in Winston-Salem

April 14, 2015

(Winston-Salem Journal)

Winston-Salem City Council and the Forsyth County Board of Commissioners will consider whether to award $300,000 in incentives for Los Angeles-based Herbalife to add 300 jobs at its local plant. The new jobs, which would pay an average annual salary of $61,000, would be in addition to the 500 workers the nutritional-products maker has already committed to create by year-end.