Business

Amazon teams up with NC wind farm developer

July 14, 2015

(The News & Observer, Raleigh)

Online retailer Amazon will partner with the Spanish developer of North Carolina's first commercial-scale wind farm. Electricity generated at the wind farm, in Pasquotank and Perquimans counties in northeast N.C., will be use to power Seattle-based Amazon's cloud-computing centers.

Local officials say it will be months before Yadkinville hospital can reopen

July 14, 2015

(Winston-Salem Journal)

Yadkin County officials say it will take a minimum of 120 days before Yadkin Valley Community Hospital can reopen; it could take months longer if the county has to negotiate with a new provider. The hospital's operator, CAH Acquisition, abruptly closed the hospital on May 22.

Dollar Tree adding distribution center, 400 jobs in SC

July 14, 2015

(The Charlotte Observer)

Dollar Tree, which completed its purchase of Matthews-based Family Dollar Stores earlier this month, is building a new distribution center in upstate South Carolina. The discount retailer plans to invest $104 million and create 400 jobs over five years.

Aerospace manufacturer adding up to 25 jobs in Davie County

July 14, 2015

(Winston-Salem Journal)

Carolina Precision Machining plans to add 10 to 25 jobs to its 30 in Mocksville by the end of 2016. The privately held company makes components for the aerospace and aviation industries.

American adding flights from CLT to Caribbean

July 14, 2015

(The Charlotte Observer)

American Airlines plans to add weekly nonstop flights from Charlotte Douglas International Airport to Curacao and the Dominican Republic. Flights are scheduled to begin Dec. 19; booking starts July 20.

Fort Bragg's 440th Airlift Wing spared another year

July 14, 2015

(The Fayetteville Observer)

The Air Force has delayed the inactivation of the 440th Airlift Wing at Fort Bragg until at least fall 2016. The unit had been scheduled for inactivation Sept. 30.

Broncos kicker launches app in Wilmington

July 14, 2015

(WECT.com)

Denver Broncos kicker Connor Barth, a Wilmington native and UNC Chapel Hill alum, is launching a new app in Wilmington with business partner Ryan Watts. Toast Together helps friends meet up for meals and drinks and track down restaurant specials.

Belk deal would be Sycamore Partners' largest

July 13, 2015

(The Charlotte Observer)

Sycamore Partners is expected to make a $3.5 billion bid for Charlotte-based retailer Belk, which had revenue of more than $4 billion in 2014. It would be the first department-store acquisition for the New York-based private-equity firm, which typically invests in specialty apparel companies. Sycamore in May acquired 330 Family Dollar stores prior to Dollar Tree's acquisition of the Matthews-based retailer.

Asheville has $1B in commercial projects in pipeline

July 13, 2015

(Asheville Citizen-Times)

Commercial real-estate developers have about $1 billion of projects planned for the Asheville area over the next five years, including hotels, retail space, offices and apartments.

Red Ventures hiring 500 in Charlotte area

July 13, 2015

(The Charlotte Observer)

Red Ventures plans to hire 500 salespeople over the next two months. The Indian Land, S.C.-based marketing company says about 40% of the new jobs will be at its Charlotte office in the university area. Founded 15 years ago in Charlotte, Red Ventures now employs 2,500 people.
Also: Red Ventures CEO: We're going to keep growing