Business

Mills River cidery preps for production

June 25, 2015

(Hendersonville Times-News)

Bold Rock Hard Cider expects to begin production at its new, 22,500-square-foot Mills River facility by the end of the summer. The Virginia-based company plans to use Henderson County apples in its hard cider.

Trucking-software company bringing 191 jobs to Hickory

June 24, 2015

(The Charlotte Observer)

Blue Bloodhound will create 191 jobs over three years in Catawba County. The company, which provides software for the trucking industry, will invest $400,000 in its location in the historic Moretz Mills in downtown Hickory.

Bayer CropScience holds grand opening of renovated RTP campus

June 24, 2015

(The News & Observer, Raleigh)

Bayer CropScience celebrated a $33 million renovation at its North American headquarters in Research Triangle Park. The company also broke ground on a $26.9 million greenhouse that will serve as an R&D center for soybeans, cotton and wheat. The subsidiary of Germany-based Bayer produces seeds and crop-protection products and employs 785 in the Triangle.

Krispy Kreme re-enters Chicago market

June 24, 2015

(Winston-Salem Journal)

Krispy Kreme will open eight stores in the Chicago area through an agreement with a franchisee. The Winston-Salem-based doughnut company exited the Chicago market in 2008, after a separate franchisee filed for Chapter 11 bankruptcy protection and closed its shops.

Duke Energy to close 12 ash ponds

June 24, 2015

(The Charlotte Observer)

Duke Energy announced plans to remove coal ash from 12 ponds, mostly from its plants in Chatham County and Goldsboro. Most of the ash would be stored in open-pit clay mines in Chatham and Lee counties. The utility began excavating ash from its Riverbend power plant near Charlotte last month.

State pension fund looks to hire 'small and emerging' money managers

June 24, 2015

(The News & Observer, Raleigh)

N.C. Treasurer Janet Cowell plans to hire small, emerging investment firms, with a focus on minority and woman-owned companies, to manage $200 million in private-equity investments. Cowell says the program will build on the success of one started in 2013 that tapped small and emerging firms to handle public-equity investments.

NC companies make Fortune list of best companies for millennials

June 24, 2015

(Fortune)

Cary-based SAS and Kimley-Horn and Associates and Matthews-based Elevation Church were among the top 50 on Fortune magazine's inaugural list of Best Workplaces for Millennials. The list was based on survey responses from nearly 90,000 employees under age 35..

Google begins building fiber network in Charlotte

June 24, 2015

(The Charlotte Observer)

Google said it has begun construction of its high-speed Internet fiber network in northern parts of Charlotte and Mecklenburg County, though the company declined to provide a timeline for completion.
Related: Google to begin construction of Triangle fiber-optic network

Charlotte wins bid to host 2017 NBA All-Star Game

June 23, 2015

(The Charlotte Observer)

Charlotte will host the 2017 NBA All-Star Weekend, an event that attracts thousands of basketball fans from across the country. Other cities that have hosted the game have seen an economic impact of around $100 million. Charlotte City Council last fall approved spending $27.5 million over five years for renovations at Time Warner Cable Arena, which will host the February event.
Related: Charlotte businesses could see sales boost from 2017 NBA All-Star Game

Wilmington's Live Oak Bank files for IPO

June 23, 2015

(Greater Wilmington Business Journal)

Live Oak Banshares plans to raise $86.2 million in an initial public offering, according to a statement filed with the Securities and Exchange Commission. The parent of Wilmington-based Live Oak Bank, an SBA lender, filed for an IPO last April but changed its plans after receiving an investment from Boston-based Wellington Management.