Business

Elon to present master plan for downtown area

February 18, 2014

(The Times-News, Burlington)

The town of Elon will present its first-ever master plan at a public hearing on March 3. The proposal includes a central town commons for concerts and gatherings, mixed-use development and new signage. 

Italian valve maker moves to Charlotte for expansion

February 18, 2014

(The Charlotte Observer)

A valve manufacturer is relocating from to Charlotte from Rock Hill, S.C. after outgrowing its space there. Italy-based Bonomi North America will add 11 new jobs and up to five more over the next three years. 

Top Guilford employers exempt from paying property taxes

February 18, 2014

(The News & Record, Greensboro)

Guilford County's seven largest employers, which collectively employ 31,555 people, are taxpayer-funded government agencies and nonprofits and therefore are exempt from paying property taxes.

Remington to open Alabama plant

February 18, 2014

(The Winston-Salem Journal)

Madison-based Remington Outdoor Co. will open a weapons-manufacturing plant in Huntsville, Ala. and hire up to 2,000 workers there. Remington employs 260 workers in Madison; it has three manufacturing locations outside of North Carolina.

New construction leads to lower apartment rents in Durham

February 18, 2014

(The Herald Sun, Durham)

A market research study reveals that 30% of more than 10,000 Triangle area apartments under construction are in Durham County, and the boom in construction is leading to lower rents. Charlotte's Real Data reports the average rental rate in Durham in January was $887, down 2.3% from six months ago. 

Group sets June as target date for Randolph megasite

February 17, 2014

(The News & Record, Greensboro)

A commercial real estate firm says it has between 800 and 1,000 acres in northeastern Randolph County under contract or with interested sellers, and engineers should begin inspections in March at the site which  it hopes will attract a major auto manufacturer or other large manufacturer.

Mooresville company helps build bobsleds for Olympic team

February 17, 2014

(The Charlotte Observer)

Hans deBot and his company, deBotech Inc., were hired to develop the composite bodies of Team USA's bobsleds and skeletons used at the 2014 Olympic games. The company, founded 17 years ago in deBot's garage, uses carbon fiber to make parts for military aircraft, NASCAR teams and commercial jets.

Fewer jobs available for IT workers in NC

February 17, 2014

(The News & Observer, Raleigh)

According to a report from the N.C. Technology Association, the number of job postings in the information technology field fell to 3,000 in January, down 16.4% from a year ago and down 27.2% from two years ago. 

Duke Energy seeks to add more solar capacity in Carolinas

February 17, 2014

(The News & Observer, Raleigh)

Charlotte-based Duke Energy wants to buy 300 megawatts of solar power from solar developers in the Carolinas, or purchase the projects outright. The expansion would nearly double its solar capacity. 

Founder of Charlotte's Rodgers Builders dies

February 17, 2014

(The Charlotte Observer)

Bonar Day "B.D." Rodgers Jr. died Friday at age 89. The Charlotte native started Rodgers Builders Inc. in 1963 and was also an active leader in the community. Rodgers Builders, which has offices in Charlotte, Raleigh and Greenville, S.C., was involved in many high-profile projects including the Bechtler Museum of Modern Art, Carolinas Medical Center's Levine Cancer Institute and the new BB&T Ballpark in uptown Charlotte.