Business
Triangle companies pursue job candidates aggressively
May 20, 2013
(The News & Observer, Raleigh)
Despite a relatively high unemployment rate, companies in the Triangle that are hiring, such as Citrix, MetLife, LexisNexis and Red Hat, face a competitive recruitment process and are aggressively pursuing job candidates.
Fayetteville coliseum seeks ways to grow
May 20, 2013
(The Fayetteville Observer)
Fayetteville's county-controlled Crown Colisuem is considering privatizing as it has struggled with attracting big-name acts and large crowds since opening in 1997. Officials partly blame problems on a transient military population.
Top Triad executives get pay raises
May 20, 2013
(Winston-Salem Journal)
Eight of the 10 top-compensated executives at companies with a presence in the Triad got pay raises last year, mostly because of increased stock and option awards.
Rail yard at Charlotte airport seen as economic boon
May 20, 2013
(The Charlotte Observer)
An intermodal rail yard at Charlotte's airport that will be operated by Norfolk Southern is seen as a potential economic boon as officials hope for increased cargo at East Coast ports from a widened Panama Canal. But estimates on economic impact vary widely.
Piedmont Triad Partnership faces cuts
May 20, 2013
(Winston-Salem Journal)
The Piedmont Triad Partnership, which helps recruit business for 12 counties, is facing a 23% cut to its funding as lawmakers debate changing how North Carolina lures businesses by turning more functions over to the private sector.
Another lawmaker opposes I-77 tolls
May 20, 2013
(The Charlotte Observer)
Larry Pittman, a Republican state representative from Cabarrus County, has joined several other lawmakers from the Charlotte region in opposing a proposed toll lane on Interstate 77 between Charlotte and Lake Norman.
House Republicans offer more conservative tax reform proposal
May 17, 2013
(The News & Observer, Raleigh)
House Republicans unveiled their plan to cut corporate and personal income taxes in the state and expand the sales tax base, but the proposal is less sweeping than one from Senate Republicans. For example, House Republicans don't plan to tax food and prescriptions as in the Senate proposal.
Wilmington coffee chain faces more competition from Starbucks
May 17, 2013
(StarNews, Wilmington)
Seattle-based coffee giant Starbucks is opening a sixth store in New Hanover County this week and another one is planned as it seeks inroads against hometown favorite Port City Java, which has 12 stores in the county.
Raeford turkey plant will close this summer
May 17, 2013
(The Charlotte Observer)
House of Raeford said it will close its turkey processing plant in Raeford in July, laying off 1,060 people, after announcing its plans to shutter the plant earlier this year.
Atlanta developer plans downtown Charlotte office tower
May 17, 2013
(The Charlotte Observer)
Atlanta developer Portman Holdings plans to build a 350,000-square-foot office tower in downtown Charlotte. It would be the first office building completed downtown since 2010.
