Business

'Downton' exhibit could be boon for Asheville tourism

February 5, 2015

(Asheville Citizen-Times)

Biltmore House expects a 10% increase in visitors in February and March, thanks to a temporary exhibit featuring costumes from the PBS TV series "Downtown Abbey." Mark Hemphill, vice president of marketing for Biltmore, says the bump in attendance should translate into more tourism spending in Asheville. The exhibit will be open through May 25.

McCrory praises FTCC's collision-repair program

February 5, 2015

(The Fayetteville Observer)

Fayetteville Technical Community College held a ribbon-cutting ceremony Wednesday for its $4.5 million high-tech collision repair center. The new program aims to fill a gap in providing skilled workers in the auto-repair industry, which requires more technological savvy than in previous years.

Carolinas HealthCare CEO earned $5.3M in 2014

February 5, 2015

(The Charlotte Observer)

Carolinas HealthCare System CEO Michael Tarwater received $5.3 million in 2014, a 7.7% increase over the previous year. Each of the Charlotte-based health system's top 10 executives received more than $1 million in total compensation last year. The system operates or manages more than 40 hospitals in three states.

11-acre mixed-use project proposed for Charlotte's Providence Road

February 5, 2015

(The Charlotte Observer)

Two Charlotte real-estate firms filed a rezoning request for an 11-acre mixed-use project at Providence and Fairview roads. Levine Properties and Raley Miller Properties are seeking to build a development with up to 225 apartments and 100,000 square feet of retail and dining space. The development would replace the 40-year-old Carmel on Providence apartment complex.

Projects transforming downtown Durham

February 5, 2015

(The News & Observer, Raleigh)

Austin Lawrence Partners began site work last week on a 27-story tower in downtown Durham. The Aspen, Colo.-based developer also plans to renovate the adjacent Jack Tar Hotel and five historic buildings.

NC to receive $21.5 million in S&P settlement

February 4, 2015

(The News & Observer, Raleigh)

Standard & Poor's will pay $21.5 million to North Carolina as part of a $1.38 billion national settlement over practices that may have contributed to the financial crisis in 2008. Federal and state official accused the credit-rating agency of inflating ratings of risky mortgage investments in order to keep its clients happy.

Randolph commissioners OK $4.2M for megasite

February 4, 2015

(News & Record, Greensboro)

Randolph County commissioners voted 4-1 to spend $4.2 million to buy 255 acres of land that will become part of a megasite it hopes will lure an auto manufacturer to the state. 

Charlotte, Raleigh suburbs among best places in NC for families

February 4, 2015

(The Charlotte Observer)

Personal-finance website NerdWallet evaluated North Carolina cities based on factors including home affordability and quality of education to see which ones were best for young families. Charlotte suburb Waxhaw was ranked No. 1, followed by Marvin and Holly Springs. Eight of the top 10 cities were in the Charlotte and Raleigh metropolitan areas.

Morrisville digital-marketing company plans IPO

February 4, 2015

(The News & Observer, Raleigh)

Morrisville-based MaxPoint Interactive plans to raise as much as $75 million in an initial public offering, according to an SEC filing. The company makes and sells software that helps companies identify consumers who live in neighborhoods with particular demographics.

'Sleepy Hollow' gave New Bern economic boost

February 4, 2015

(Sun Journal, New Bern)

The Fox TV show "Sleepy Hollow" had an estimated $250,000 economic impact on New Bern and provided significant exposure for Tryon Palace, according to the New Bern-Craven County Convention and Visitors Center. Fox has said it plans to move production to Atlanta if the show is renewed for a third season.