Business

Krispy Kreme reveals expansion plans

January 19, 2015

(Winston-Salem Journal)

Krispy Kreme Doughnuts unveiled expansion plans for fiscal 2016 and beyond at an investor conference last week. The Winston-Salem-based company projects a net gain of 20 to 35 domestic stores in fiscal 2016, which begins Feb. 1, and expects to add at least 200 international shops by the end of fiscal 2017.

Economist: High-tech manufacturing jobs needed

January 19, 2015

(The Salisbury Post)

Economist and Associate Professor Eric Hake, who teaches at Catawba College, says the economy needs to grow more quickly and that rural areas, including Rowan County, should focus on recruiting high-tech manufacturing jobs.

40-acre solar farm proposed for Lincoln County

January 19, 2015

(The Charlotte Observer)

A public hearing will be held Feb. 2 on a proposed 40-acre solar farm in eastern Lincoln County, where Charlottesville, Va.-based HelloSage Energy has a lease option with landowners. County commissioners voted in December against a 36-acre solar farm proposed by Chapel Hill-based Strata Solar, citing potential impact on adjoining property values.

Asheville Angels makes first investment in Plum Print

January 19, 2015

(Asheville Citizen-Times)

Asheville Angels has made its first investment, totaling more than $100,000, in Plum Print, a two-year-old local business that turns children's artwork into books. The group of angel investors was formed last year to invest in startups in the Asheville area and across the Southeast.

Salix headquarters building sells for $27M

January 19, 2015

(The News & Observer, Raleigh)

The 127,000-square-foot Raleigh office building that is home to Salix Pharmaceuticals has sold for $27.45 million. Virginia-based Allegiancy acquired the property, which is off Six Forks Road near I-540.

Rutherford County's first solar farm producing on target

January 19, 2015

(The Daily Courier, Forest City)

Rutherford County's first solar farm is up and running, and Asheville-based FLS Energy, which built the farm and leases the property, is talking with local economic-development officials about building a second farm. The 15-acre solar array is projected to produce enough electricity to power 300 to 350 homes.

Small Western NC breweries grow, thrive near larger ones

January 19, 2015

(Hendersonville Times-News)

Small craft breweries in Henderson and Transylvania counties are thriving in the shadow of Asheville (known as Beer CIty USA) and larger brewers such as Sierra Nevada, Oskar Blues and New Belgium. 

Movement Mortgage moving HQ to South Carolina

January 16, 2015

(The Charlotte Observer)

South Carolina awarded $53 million in tax incentives for Virginia Beach, Va.-based Movement Mortgage to move its headquarters and 650 jobs to Lancaster County. Founded in 2008 by former Carolina Panthers tight end Casey Crawford ("Catching a Break," July 2014), Movement will move 200 jobs from Charlotte to the new 105,000-square-foot headquarters.

Family Dollar takeover battle could end soon

January 16, 2015

(The Charlotte Observer)

Several analysts, as well as a source close to Family Dollar, say its likely Dollar Tree will win the battle to acquire the Matthews-based retailer following a statement from Dollar General on Thursday that says it needs more time to find out whether the Federal Trade Commission will block its competing bid to acquire the company.

Triangle companies raise $163.5M in venture capital funding

January 16, 2015

(The News & Observer, Raleigh)

Triangle companies raised $163.5 million in the fourth quarter, about 60% more than the amount raised in the prior three quarters combined. Two Durham-based companies, Viamet Pharmaceuticals and Phononic Devices, led a group of 13 companies, raising $60 million and $44.5 million respectively.