Business

Edgecombe County electronics manufacturer receives environmental award

June 9, 2014

(Rocky Mount Telegram)

Keihin Carolina System Technology was among 20 N.C. companies that reached the highest level of the state's Environmental Stewardship Initiative. The plant began improving efficiency in 2011 by eliminating waste and switching from incandescent light bulbs to LED ones.

BNC Bancorp to buy Charleston's Harbor National Bank

June 6, 2014

(Winston-Salem Journal)

BNC Bancorp will acquire Charleston, S.C.-based Harbor Bank Group for $50.6 million. High Point-based BNC will gain $306 million in assets when the deal is completed later this year, raising its total assets to about $4 billion.

Triangle residents concerned over proposed natural gas pipeline

June 6, 2014

(WRAL.com)

Residents in the corridor of a proposed natural gas pipeline are concerned about its safety. Charlotte utilities Duke Energy and Piedmont Natural Gas are seeking proposals from contractors to build and operate the pipeline, which would run through the Triangle area. The project needs federal regulatory approval before construction can begin.

South Korean tool manufacturer creating 53 jobs in Charlotte

June 6, 2014

(The Charlotte Observer)

A South Korean tool manufacturer will invest $13.8 million and create 53 advanced manufacturing and engineering jobs in a Charlotte plant. YG-1 USA will make cutting tools for aerospace, medical and power generation industries. The Charlotte operation also will serve as a research and development hub for the company.

UNC Wilmington chancellor to resign July 31

June 6, 2014

(Greater Wilmington Business Journal)

UNC Wilmington will conduct its second chancellor search in four years when Gary Miller leaves July 31 to lead the University of Wisconsin-Green Bay. Three other administrators have announced plans to leave the university this year.

Moody's affirms Charlotte Douglas bond rating

June 6, 2014

(The Charlotte Observer)

Moody's affirmed Charlotte Douglas International Airport's bond rating and said its outlook is stable, citing its low cost per passenger. The credit rating agency said risks include American Airlines' heavy concentration of flights and ongoing confusion over who will run the airport. 

NC IDEA awards grants to six Triangle startups

June 6, 2014

(WRAL TechWire.com)

Economic development group NC IDEA awarded grants totaling $270,000 to six Triangle startups. Recipients include a Durham company that helps people get out of cell phone contracts and a Raleigh company that helps connect people with home service providers.

Developer planning innovation cluster in downtown Durham

June 5, 2014

(The Herald-Sun, Durham)

Boston-based Longfellow Real Estate Partners is studying the possibility of building an urban research cluster for life sciences and technology companies. Durham Innovation District would be near a former tobacco warehouse where Duke University is relocating research labs and offices. The private development firm already has 10 acres of land in the proposed area under contract.

NC Senate committee to propose changes to film incentives

June 5, 2014

(StarNews, Wilmington)

The Senate Finance Committee is expected to propose a measure today that would change North Carolina's film incentive program to a grant program. The proposal would target more expensive productions while weeding out smaller projects that would benefit from the current incentive. Projects would need to spend a minimum of $10 million to qualify for the grant.

 

Corporate sales robust for U.S. Open in Pinehurst

June 5, 2014

(The Fayetteville Observer)

The USGA sold out all corporate hospitality packages for the upcoming U.S. Open in Pinehurst, though corporate sales are still less than in 2005, the last time Pinehurst hosted the event. Reg Jones, senior director of U.S. Open Championships, said the local economic impact of the golf tournament will probably exceed $150 million. (Go inside the business of corporate hospitality tents in our April issue)