Business

Oak Island puts moratorium on building giant beach houses

February 25, 2014

(The Times-News, Burlington)

The Brunswick County beach town of Oak Island has placed a three-month ban on building homes with more than six bedrooms after some residents complained about a property owner's request to build a 15-bedroom, 12-bath home. The town council hopes to have new regulations in place by mid-April.

Unnamed company to invest $500 million in Kings Mountain project

February 24, 2014

(The Charlotte Observer)

Leaders of Kings Mountain are planning a major economic development announcement Monday evening. Mayor Rick Murphrey said an unnamed company plans an investment of $500 million and will bring 250 to 300 temporary construction jobs and 25 to 30 permanent jobs to southeastern Cleveland County.

NC crop sales rise despite shrinking farmland

February 24, 2014

(Asheville Citizen-Times)

Crop sales in North Carolina increased 65% from 2007 to 2012 while the amount of farmland decreased by 62,560 acres, according to preliminary findings from the U.S. Department of Agriculture's 2012 Census of Agriculture. 

Charlotte gets ready for CIAA; tournament may move next year

February 24, 2014

(The Charlotte Observer)

Charlotte is preparing for the annual CIAA basketball tournament, which produces an estimated $40 million economic impact, but its contract with the organization ends this year and tournament officials have yet to say whether or not it will return to Charlotte next year. The tournament begins Tuesday and runs through Sunday.

Strata Solar building more solar farms in Eastern NC

February 24, 2014

(The Free Press, Kinston)

Chapel Hill-based Strata Solar will build two more solar farms in Lenoir County and one in Greene County. The solar-energy company completed two farms in Lenoir County in July, which combined power about 1,500 area homes and buildings.

Wake Forest researcher estimates damage of coal-ash spill is $70 million

February 24, 2014

(The News & Record, Greensboro)

A Wake Forest University professor with experience in coal-pollution research estimates the damage of Duke Energy's coal-ash spill in the Dan River is at least $70 million. Factors in the estimate include loss of a healthy ecosystem, lost revenue through fewer people participating in outdoor activities and lower property values in the area due to the stigma of environmental pollution.

Charlotte's PassportParking to allow use of Bitcoin at parking meters

February 24, 2014

(The Charlotte Observer)

PassportParking Inc., a cloud-based parking management company based in Charlotte, says its customers will begin accepting Bitcoin digital currency for payment at meters and in parking lots. Passport's clients include the cities of Chicago and Detroit and Asheville's Parks and Recreation Department.

Winston-Salem's Budd Group buys Florida landscaping services company

February 24, 2014

(The Winston-Salem Journal)

Winston-Salem-based The Budd Group announced it has bought an Orlando, Fla.-based landscaping company for an undisclosed amount. The Grounds Crew Inc. is an upscale landscaping services provider with 20 years experience. 

Purdue Pharma lays off workers at Wilson plant

February 24, 2014

(The Wilson Times)

Purdue Pharma has laid off six workers at its pharmaceutical plant in Wilson due to a corporate restructuring. The Stamford, Conn.-based company employs about 200 at a 240,000-square-foot plant it opened there in 2000. 

Former Square D property sold to Florida developer

February 24, 2014

(The News & Observer, Raleigh)

A Florida-based company has purchased the EastPoint office and manufacturing campus in Knightdale for $8 million. The 60-acre campus was previously occupied by Square D, which manufactured electrical components.