Business

High Point approves incentives for HAECO expansion

July 22, 2015

(Winston-Salem Journal)

The High Point City Council unanimously approved incentive totaling $147,000 for HAECO Americas, formerly Timco Aviation, to add 147 jobs and transfer 252 existing ones to a 250,000-square-foot building south of Interstate 40.

Wilmington City Council says no to offshore drilling

July 22, 2015

(StarNews, Wilmington)

The Wilmington City Council voted unanimously Tuesday to oppose offshore drilling and seismic testing for oil and natural gas. Wilmington joins at least 15 local communities in North Carolina who have passed resolutions opposing the practice. Gov. Pat McCrory and other supporters have said offshore drilling would add jobs and boost the state's economy (Statewide, July).

Catawbas consider $350 million movie-studio project in SC

July 22, 2015

(The Charlotte Observer)

The Catawba Indians are considering spending $350 million on a development in York County, S.C., that would include movie studios, a cultural center, hotel and more. Tribal leaders are working with Studio South's Bert Hesse, who in 2013 proposed a $125 million film studio project at the site of the former Eastland Mall in Charlotte.

Uber growing in NC

July 22, 2015

(The Charlotte Observer)

Uber wants to add 5,000 drivers to the 8,000 the company already has in North Carolina. The San Francisco-based ride-hailing service plans to team up with social-services organizations to find people looking for work.

NC Biotech Center awards $1.8M

July 22, 2015

(WRAL TechWire)

The N.C. Biotech Center awarded $1.8 million in loans and grants during the last quarter. Among 27 companies and universities receiving funding were Chapel Hill-based KindHeart and Durham-based Akros Medical.

Synchrony Financial moving to bigger office in Charlotte

July 21, 2015

(The Charlotte Observer)

Synchrony Financial is moving to a larger office to accommodate future growth in Charlotte. The Stamford, Conn.-based credit card company employs about 400 in the Queen City and plans to add another 200 jobs by year-end.

BB&T incentive plan sparks controversy

July 21, 2015

(The Charlotte Observer)

Five top executives of BB&T are in line to receive $2.6 million in bonuses once the Winston-Salem-based bank successfully completes its integration with Susquehanna Bancshares. A Miami-based bank consultant says those bonuses are usually paid out to the IT staff who actually do the work to convert the computer systems.

Wind farm near Elizabeth City could be first of many in the South

July 21, 2015

(Rocky Mount Telegram)

New, larger turbines have made harnessing wind power in North Carolina more feasible than a decade ago, and the $600 million wind farm that will be built in Pasquotank and Perquimans counties could be the first of many in the Southeast.

UNC researchers find AIDS drugs can suppress virus

July 21, 2015

(The News & Observer, Raleigh)

Researchers at UNC Chapel Hill have found that consistent use of AIDS medications can prevent transmission of the virus to other people. The challenge is getting infected people to take the drugs; only about a third of 1.2 million people with AIDS are taking HIV-suppressing drug cocktails, according to the CDC. The UNC study was funded with more than $100 million in federal grants.

RTP's AgBiome moving into larger space

July 21, 2015

(The News & Observer, Raleigh)

AgBiome, a Triangle agbio research company, is moving to a larger space in RTP that will allow it to nearly double its workforce to 70. Founded in 2012, AgBiome has raised $17.5 million in venture capital and performs research for companies including Syngenta.