Business

Charlotte Chamber to modernize uptown HQ

December 1, 2014

(The Charlotte Observer)

The Charlotte Chamber will begin renovations at its uptown headquarters in early December. A visitor information center, which operated in a subleased space on the first floor of the building at 330 S. Tryon St., has relocated to the Charlotte Convention Center. Amelie's French Bakery, which also subleased a space in the building, has moved out and it is unclear if the company plans to open a new uptown location. Construction is expected to be completed by April.

Network aims to revive Western NC's textile industry

December 1, 2014

(Winston-Salem Journal)

The Carolina Textile District – a regional network of more than 80 manufacturers and other businesses – is helping its members pool supply-chain resources and create new jobs in Western North Carolina's textile industry. 

Amazon fulfillment center prepares for busy shipping season

December 1, 2014

(The Independent Tribune, Concord)

Online retailer Amazon has hired about 400 seasonal workers at its new Concord fulfillment center in preparation for holiday shopping. The company announced in September it would occupy 222,500 square feet at Concord Airport Business Park, but there was no official grand opening.

NC State's endowment could reach $1B by fiscal year-end

December 1, 2014

(The Charlotte Observer)

N.C. State University's endowment totaled $885 million in June, an increase of $382 million from 2010, and the school is planning a major fundraising campaign that could push the figure past $1 billion by June 2015. Duke University, Wake Forest University and UNC Chapel Hill are the only North Carolina universities where endowments have reached $1 billion. 

Low-impact development underway in Leland

December 1, 2014

(StarNews, Wilmington)

The developer of a 313-acre development on the Cape Fear River plans to use low-impact principles to preserve the local environment. River Bluffs could contain up to 740 homes at buildout; most of the homes in the development's first phase will be priced at $400,000 and up.

CEO of Charlotte's National Gypsum named to Fed board

December 1, 2014

(The Charlotte Observer)

Tom Nelson, CEO of Charlotte-based National Gypsum since 1999, was elected a director of the Federal Reserve Bank of Richmond. Nelson will begin a three-year term as a Class B director in January. He succeeds Marshall Larsen, retired CEO of Goodrich Corp.

Wake Forest School of Business partners with Lowe's Foods

December 1, 2014

(Winston-Salem Journal)

Through a partnership with Winston-Salem-based Lowe's Foods, business students from Wake Forest University are tracking shoppers' habits in 10 of the company's grocery stores. The goal of the program is to give students real-world business-analytics experience while providing the company and manufacturers insight into customers' shopping habits. 

AT&T still committed to high-speed fiber in Triangle

December 1, 2014

(The News & Observer, Raleigh)

AT&T said in a letter to the Federal Communications Commission it still plans to bring its ultra-fast fiber network to 25 metro areas nationwide, including the Triangle. The telecommunications company said last month it had put construction plans for its gigabit Internet network on hold.

Erosion worsens at North Topsail Beach

December 1, 2014

(Jacksonville Daily News)

A weekend storm worsened erosion at the north end of Topsail Island, where the town's building inspector recommended shutting off power to 22 vacation rentals and other structures where conditions could create a fire hazard. 
Related: "Land's End," November

Attorney general appeals utility rate rule

November 26, 2014

(The News & Observer, Raleigh)

North Carolina Attorney General Roy Cooper appealed a state rule Monday that allows water utilities to raise rates without holding public hearings. The rule was approved in May by the N.C. Utilities Commission in a rate case for Cary-based Aqua North Carolina and applies only to private water-and-sewer utilities. The attorney general's office told the N.C. Supreme Court that the rule doesn't give enough consideration to customers.