Business

Public hearing on Cumberland poultry plant set for Monday

February 2, 2015

(The Fayetteville Observer)

Fayetteville and Cumberland County have proposed incentives totaling $6.3 million for Mississippi-based Sanderson Farms to build a chicken-processing plant that would employ 1,000 people. More than 120 people have signed up to speak at Monday's public hearing on the incentives.

FCC to decide on municipal broadband networks

February 2, 2015

(The News & Observer, Raleigh)

The Federal Communications Commission will vote Feb. 26 on whether to strike down state laws that limit government-run Internet networks. Wilson, which hopes to expand its own high-speed Internet service it launched in 2008, and Chattanooga, Tenn., filed petitions last year asking the FCC to overturn the laws.

AT&T adding 300 jobs in NC

February 2, 2015

(Winston-Salem Journal)

AT&T will hire about 100 technicians to support increased demand for its U-verse and GigaPower high-speed Internet services. The telecommunications company also plans to add about 200 sales and call-center positions statewide.

Trade group seeks to build awareness in Western NC

February 2, 2015

(Asheville Citizen-Times)

Fletcher-based Outdoor Gear Builders, a trade group that comprises 24 manufacturers based in Western N.C., will hold its first demo-day March 21. Outdoor-gear companies based in Western N.C. employ about 470 people, according to the AdvantageWest economic-development organization.

Statesville approves incentives for Highland Industries

February 2, 2015

(The Charlotte Observer)

Statesville City Council approved $70,000 in economic-development incentives for Highland Industries, which plans to create at least 26 jobs over three years. The company, which makes textiles for the automotive and aerospace industries, will invest $7.4 million in equipment and renovations in a 62,000-square-foot spec building in the city's business park. 

Dollar General formally ends bid to buy Family Dollar

February 2, 2015

(The Charlotte Observer)

A week after shareholders approved Family Dollar Stores' plan to be acquired by Dollar Tree, Dollar General formally ended its takeover bid for the Matthews-based retailer.

Alevo names former Duke Energy exec director of sales

February 2, 2015

(The Independent Tribune, Concord)

Alevo Group hired Jeff Gates as director of sales and field operations. Gates worked for 14 years at Charlotte-based Duke Energy, where he specialized in energy storage for the past six years and was involved in the development of a $44 million storage system at a Texas wind farm. Last year, Alevo acquired the former Philip Morris plant in Concord for $68 million and plans to hire 2,500 workers within three years (Statewide, December 2014).

 

Greensboro gains craft breweries

February 2, 2015

(News & Record, Greensboro)

The craft beer industry in Greensboro and the Triad area is gaining momentum. Several new breweries have opened within the past year or have announced plans to open in 2015.

Biogen Idec adding 100 jobs in Triangle

January 30, 2015

(The News & Observer, Raleigh)

Biogen Idec plans to add 100 jobs in Durham and Morrisville to meet demand for its products, which include treatments for multiple sclerosis and hemophilia. The Cambridge, Mass.-based biotech company employs 1,300 in the Triangle.

CommunityOne eyes acquisitions

January 30, 2015

(The Charlotte Observer)

After posting five profitable quarters in a row, Charlotte-based CommunityOne Bank is looking to acquire or merge with other lenders. The bank, formed in 2013 after merging with Bank of Granite, plans to close six branches this year in a cost-cutting effort.