Business

Report: HPU's Qubein among best-paid presidents

December 7, 2015

(The News & Observer, Raleigh)

High Point University President Nido Qubein was the third highest-paid among private college presidents in 2013, according to a report by the Chronicle of Higher Education. Qubein, who has raised $1.2 billion at the school since 2005, earned $2.9 million and trailed only Columbia's Lee Bollinger and the University of Pennsylvania's Amy Gutmann.

Duke Energy to seek 50-year license for Catawba

December 7, 2015

(The Charlotte Observer)

Duke Energy will ask the federal government to extend its hydroelectric license for the Catawba River from 40 to 50 years. Duke would agree to conserve an additional 274 acres along the 225-mile river if the longer term is granted.

Qorvo adding 100 jobs in Greensboro expansion

December 7, 2015

(Winston-Salem Journal)

Qorvo plans to invest $25 million and add 100 jobs with an average annual salary of $80,000 at a new facility in Guilford County. The semiconductor company could receive more than $1.3 million in state and local incentives if it meets hiring and investment goals.

UNC Pembroke startup incubator seeking applications

December 7, 2015

(The Fayetteville Observer)

UNC Pembroke's $1.2 million entrepreneurship incubator will officially open for business following a ribbon-cutting on Monday. The Robeson County facility, which was aided by grants from the U.S. Department of Commerce, the Golden Leaf Foundation and others, includes space for nine tenants. The incubator is seeking applications from interested startups.

Charlotte office park sells for $114M

December 7, 2015

(The Charlotte Observer)

Toringdon Office Park near Ballantyne in south Charlotte was sold to an undisclosed buyer for $114 million. The park is 87% leased and consists of six buildings totaling 520,000 square feet. The seller was a joint venture of Stockbridge Capital Group and Trinity Capital Advisors.

Randolph County seeks to rezone megasite land for industrial use

December 7, 2015

(News & Record, Greensboro)

Randolph County and the Greensboro-Randolph Megasite Foundation this week will apply to rezone 1,400 acres for heavy industrial use. The county owns 425 acres of the land, located in northeastern Randolph County, while the foundation owns or controls the right to buy the remainder of it. Local economic developers hope the megasite will attract an automaker.

Novo Nordisk incentives could exceed $130 million

December 4, 2015

(The News & Observer, Raleigh)

Danish drugmaker Novo Nordisk could stand to receive more than $130 million in incentives in exchange for adding about 700 jobs in Johnston County. The deal, announced in August, includes $110 million in tax rebates and infrastructure spending not previously disclosed. The company plans to invest $1.8 billion in a plant near Clayton.

Amid branch cuts, BofA investing more in mobile technology, cybersecurity

December 4, 2015

(The Charlotte Observer)

The volume of customer deposits being made on mobile phones is equivalent to what would be handled by about 700 branches, Bank of America CEO Brian Moynihan told Charlie Rose in an interview that aired Wednesday on Bloomberg TV. The nation's second largest bank has trimmed about 1,200 branches since Moynihan became CEO in 2010.

Whitewater Center adds to Charlotte holdings

December 4, 2015

(The Charlotte Observer)

The U.S. National Whitewater Center paid $5.3 million for 488 acres near its 700-acre campus in Charlotte, real estate records show. The center plans to preserve the mostly vacant land, acquired from chemical company Clariant. Opened in 2006, the center's amenities include an artificial river, zip lines and mountain-biking trails.

Wilmington's LIve Oak Bank exits SBLF program

December 4, 2015

(Greater Wilmington Business Journal)

Live Oak Bank has paid the U.S. Treasury $6.8 million to exit the Small Business Lending Fund program, which was established in 2010 to provide capital to community banks to encourage small business lending. Eight North Carolina-based banks have been a part of the program.