Business

New Jersey tech firm moving headquarters to Brunswick County

December 1, 2015

(Wilmington Star-News)

MicroSolv Technologies is moving its New Jersey headquarters to Brunswick County, drawn by lower costs, CEO Bill Ciccone said. The company will break ground on its new offices in Leland Business Park on Dec. 2. MicroSolv plans to employ 15 people at the 11,000-square-foot headquarters. Construction should be complete by April.

Startup FilterEasy raises more than $1.5 million

December 1, 2015

(The Raleigh News & Observer)

FilterEasy said it has raised more than half of its $3 million funding goal, with money provided by Idea Fund Partners of Durham and Cofounders Capital of Cary. The Raleigh-based startup has 20 employees. Its customers sign up online for home delivery of air filters for heating and air-conditioning systems. 

Private equity plays key role in community bank mergers

November 30, 2015

(Winston-Salem Journal)

Thirteen Triad-based banks have been acquired since 2003; the last five deals involved larger banks flush with cash from private-equity groups. BNC Bancorp, Yadkin Financial and Capital Bank – which announced last week it is buying Charlotte-based CommunityOne for $350 million – all received large infusions of private capital during the financial crisis.
Related: CommunityOne purchase raises stakes for former BofA execs

Duke Energy gets 40-year extension of Catawba license

November 30, 2015

(The Charlotte Observer)

The federal government extended Duke Energy's hydroelectric license for the Catawba River for 40 more years. The utility operates 13 hydroelectric stations and 11 reservoirs on the 225-mile river. The agreement gives Duke control of lake levels, recreational amenities and structures such as boat docks.

RDU offers new access for Uber passengers

November 30, 2015

(WRAL.com)

Raleigh-Durham International Airport will open a designated staging area for Uber drivers on Tuesday. Uber passengers will pay a $1 fee ($1.50 for Uber XL riders) for the airport service, which will be tacked on to their fare.

Federal judge again dismisses Herbalife lawsuit

November 30, 2015

(Winston-Salem Journal)

A U.S. District judge in Los Angeles has thrown out an investor complaint against Herbalife for the third time. The lawsuit said the nutritional-products company lied about the legitimacy of its business operations and claims investors lost money after hedge-fund manager Bill Ackman accused the company of being a pyramid scheme. Herbalife plans to double its Winston-Salem workforce to 800 by the end of 2018.

Facebook issues grants to boost STEM programs in western NC

November 30, 2015

(Asheville Citizen-Times)

Facebook awarded grants totaling $72,500 to schools, a children's museum and other organizations that support STEM education programs in Cleveland, McDowell, Polk and Rutherford counties. It's the fifth year the Menlo Park, Calif.-based company has issued community grants to groups near its Forest City data center, which is undergoing its second expansion since opening in 2011.

Greenville names new economic-development manager

November 30, 2015

(The Daily Reflector, Greenville)

Roger Johnson will replace Carl Rees, a City of Greenville employee for 18 years, as head of economic development. Johnson, currently special assistant for development for the City of Wilmington, worked for Progress Energy, now Duke Energy Progress, from 2003-10.

Alexandria Real Estate plans massive RTP project

November 25, 2015

(The News & Observer, Raleigh)

Alexandria Real Estate Equities plans to transform 56 acres in Research Triangle Park into a "world-class" campus for life-science and biotech companies. Plans call for more than 1 million square feet of space that includes a mix of new construction and renovation of existing buildings. The real-estate firm's venture capital arm will have an office on-site. The center will be modeled after similar developments in New York, San Francisco and Cambridge, Mass.

Google teams up with Duke Energy on Rutherford solar project

November 25, 2015

(The Charlotte Observer)

Google will buy energy credits to help power its Lenoir data center from a 61-megawatt solar farm that will be built in Rutherford County. It's part of a new partnership with Duke Energy called the Green Source Rider, in which customers that use a lot of power – such as those that operate data centers – agree to purchase renewable energy at premium rates.