Business

McCrory to present new plan for recruiting jobs

January 23, 2015

(The News & Observer, Raleigh)

Gov. Pat McCrory announced he is working on a jobs-recruitment plan called NC Competes, which he says will include funding for "long-term infrastructure needs" for companies looking to move to North Carolina. McCrory said he will present the plan to legislators in the next several weeks.

Charlotte distribution center sells for $52M

January 23, 2015

(The Charlotte Observer)

The 1.1-million-square-foot Logistics Pointe distribution center in southwest Charlotte has sold for more than $52 million. A joint venture of LRC Opportunity Fund and New York Life Real Estate Investors bought the complex, which was once occupied by grocer Winn-Dixie before it declared bankruptcy.

CFCC president resigns

January 23, 2015

(StarNews, Wilmington)

Ted Spring resigned as president of Cape Fear Community College after a little more than two years in the position. Amanda Lee, vice president for instructional services, will become interim president.

Chiquita says leaving Charlotte will cost up to $40 million

January 22, 2015

(The Charlotte Observer)

Chiquita Brands International said exiting Charlotte will cost it $25 million to $40 million, including employee severance and relocation expenses and breaking its lease, which runs through 2025. The produce company also will refund about $2 million in state and local incentives. Closing its headquarters will take between 12 and 18 months, Chiquita said in a securities filing.

Hoke County may try to lure chicken plant

January 22, 2015

(WRAL.com)

Donald Porter, executive director of the Raeford-Hoke Economic Development Commission, calls Hoke County a "poultry-friendly community" and says his phone has been ringing off the hook from residents wanting to know if the county will try to lure Mississippi-based Sanderson Farms. Hoke County has lost hundreds of jobs over the last two years as House of Raeford closed its local turkey plants ("Turkey trot," January).

Indian drug-maker mulls Monroe plant expansion

January 22, 2015

(The Charlotte Observer)

Glenmark Pharmaceuticals is considering a $9.5 million expansion of its new Monroe plant, which isn't scheduled to begin production until April. The Mumbai, India-based company announced in July it would invest $17 million in the manufacturing plant, where it will make generic drugs. Union County and Monroe unanimously approved incentives for the expansion.

Vertex Rail to ramp up hiring in February

January 22, 2015

(StarNews, Wilmington)

Vertex Rail Technologies CEO Don Croteau said the company will begin hiring production workers in February and will build its first sample rail car in March or April. Vertex plans to invest $60 million and hire 1,300 people at the former Terex plant in Wilmington. Croteau says potential revenues could total $600 million to $800 million.

Krispy Kreme adding shops in Russia

January 22, 2015

(Winston-Salem Journal)

Winston-Salem-based Krispy Kreme Doughnuts will add 15 doughnut shops over five years in the St. Petersburg area of Russia through an agreement with its Moscow-area franchise partner.

Toshiba names new leader for Charlotte-based business

January 22, 2015

(The Charlotte Observer)

Toshiba named Ali Azad president and CEO of Charlotte-based Toshiba America Energy Systems, which was formed as part of a corporate reorganization and combines three of the Japanese company's existing businesses. Azad was president of Massachusetts-based BHI Energy. The new company will employ about 500 people.

Wilmington gains daily flights to Atlanta, New York

January 22, 2015

(Greater Wilmington Business Journal)

American Airlines will resume a second flight from Wilmington International Airport to New York City in February, and Delta will increase its daily flights to Atlanta from five to six in March.