Business

Staffing firm to cut 319 jobs at Cree manufacturing site

January 27, 2015

(The News & Observer, Raleigh)

A Raleigh-based staffing agency plans to lay off 319 contract employees working at a manufacturing plant for Durham-based Cree. The jobs being eliminated are temporary positions. The LED-lightbulb manufacturer employs more than 2,600 in the Triangle; those jobs are unaffected by the layoffs. 

Asheville City Council considers 477 new apartments

January 27, 2015

(Asheville Citizen-Times)

Asheville City Council could approve two apartment projects totaling 477 units at its Tuesday meeting. A group of local residents have expressed concern over the 309-unit Biltmore Apartments, which they say will cause increased traffic and will be priced too high for the Oakley and East Asheville area.

Charlotte, Triangle await Google announcements this week

January 26, 2015

(The Charlotte Observer)

Officials in Charlotte received a "Save the Date" invite from Mountain View, Calif.-based Google for a reception Wednesday evening. Raleigh-Durham officials also received invitations to a similar event on Wednesday afternoon. Google is considering Charlotte and seven Triangle cities for deployment of its Google Fiber high-speed Internet service, which is nearly 100 times faster than traditional broadband.

Bank of America expanding into Colorado, Minnesota

January 26, 2015

(The Charlotte Observer)

Bank of America held a grand opening for its first branch in Colorado, the first new market the bank has entered since 2003. The Charlotte-based bank also plans to open its first branch in Minnesota in the second quarter.

Rooms to Go's Dunn distribution center to open in August

January 26, 2015

(The Fayetteville Observer)

Rooms to Go plans to open its second-largest U.S. distribution center in August along Interstate 95 near Dunn. The 1.45-million-square-foot center will create about 225 jobs. 

BB&T confirms job cuts

January 26, 2015

(Winston-Salem Journal)

BB&T said it has cut 1,440 full-time jobs – 4.3% of its workforce – since March 2014 as part of a restructuring. A spokeswoman for the Winston-Salem-based bank says the majority of the cuts are from attrition. 

Wilmington's nCino makes Forbes 'Most Promising Companies' list

January 26, 2015

Wilmington-based nCino was the only North Carolina business to make Forbes' recent list of America's Most Promising Companies. nCino ranked 93rd on the list, which includes private companies generating less than $300 million annually and considers revenue growth, employee growth, capital raised and management, among other factors.

Report: Land Rover considering auto plant in southern U.S.

January 26, 2015

(The News & Observer, Raleigh)

An October report in the United Kingdom-based The Sunday Times said Jaguar Land Rover Automotive is in talks with several Southern states about opening a plant where it could produce 200,000 cars a year. Gov. Pat McCrory and other N.C. economic-development officials visited the United Kingdom on a job recruitment trip last week, though a spokesman for the governor declined to provide details.

County officials surprised over CFCC president's resignation

January 26, 2015

(Greater Wilmington Business Journal)

Trustees provided few details regarding Cape Fear Community College President Ted Spring's abrupt resignation on Thursday, while county commissioners expressed surprise and concern over Spring's departure. 

La-Z-Boy closure shows risk of economic incentives

January 26, 2015

(High Point Enterprise)

Unlike Charlotte, which had a clawback provision in its incentives deal with Chiquita Brands International, High Point stands to lose money when La-Z-Boy closes its regional corporate office over the next two years. The city expects to lose $300,000 to $400,000 of the $600,000 incentives deal with the furniture manufacturer.