Business

County officials surprised over CFCC president's resignation

January 26, 2015

(Greater Wilmington Business Journal)

Trustees provided few details regarding Cape Fear Community College President Ted Spring's abrupt resignation on Thursday, while county commissioners expressed surprise and concern over Spring's departure. 

La-Z-Boy closure shows risk of economic incentives

January 26, 2015

(High Point Enterprise)

Unlike Charlotte, which had a clawback provision in its incentives deal with Chiquita Brands International, High Point stands to lose money when La-Z-Boy closes its regional corporate office over the next two years. The city expects to lose $300,000 to $400,000 of the $600,000 incentives deal with the furniture manufacturer.

Duke Energy plans 13-megawatt solar farm in Onslow County

January 26, 2015

(Winston-Salem Journal)

Through a partnership with the U.S. Navy and U.S. Marine Corps, Duke Energy will build a 13-megawatt solar project at Camp Lejeune. The 80-acre project could provide enough power for about 3,000 homes.

Report: Volvo looking at NC for auto plant

January 23, 2015

(The News & Observer, Raleigh)

North Carolina is in the running for a Volvo plant, according to a report in London-based Financial Times. Sources said the Swedish automaker, which does not have a U.S. plant, has talked to legislators from Kentucky, North Carolina and South Carolina regarding potential incentives for the project.

Tillis calls for offshore drilling along NC coast

January 23, 2015

(The Charlotte Observer)

U.S. Sens. Thom Tillis and Richard Burr proposed an amendment to the Keystone pipeline bill that would allow offshore drilling for oil and natural gas from Florida to Delaware. In his first speech on the Senate floor, Tillis cited a study that says the practice could generate $4 billion in state revenue and support 55,000 jobs in North Carolina.

Family Dollar shareholders approve sale to Dollar Tree

January 23, 2015

Family Dollar Stores Inc. shareholders voted Thursday to approve the sale of the Matthews-based discount retailer to Chesapeake, Va.-based Dollar Tree Inc.
Related: Next for Family Dollar: Completing the deal

Federal bureau supports wind-energy development off NC coast

January 23, 2015

(The News & Observer, Raleigh)

At least five companies have shown interest in developing wind projects off the North Carolina coast. The Department of the Interior released a study Thursday that supports wind-energy development in three separate zones, including areas off the coast of Kitty Hawk, Southport and Wilmington.

Raleigh ranked among 50 fastest-growing economies

January 23, 2015

(The News & Observer, Raleigh)

Raleigh ranked No. 41 on a list of the world's 50 fastest-growing economies. The Capital City was one of only four U.S. cities included in the report, released by the Brookings Institution. Austin, Texas (No. 38), Houston, Texas (No. 39) and Fresno, Calif. (No. 49) also made the list, which was led by the China's Macau.

McCrory to present new plan for recruiting jobs

January 23, 2015

(The News & Observer, Raleigh)

Gov. Pat McCrory announced he is working on a jobs-recruitment plan called NC Competes, which he says will include funding for "long-term infrastructure needs" for companies looking to move to North Carolina. McCrory said he will present the plan to legislators in the next several weeks.

Charlotte distribution center sells for $52M

January 23, 2015

(The Charlotte Observer)

The 1.1-million-square-foot Logistics Pointe distribution center in southwest Charlotte has sold for more than $52 million. A joint venture of LRC Opportunity Fund and New York Life Real Estate Investors bought the complex, which was once occupied by grocer Winn-Dixie before it declared bankruptcy.