Business

NC tops Site Selection list of competitive states

May 13, 2015

(Site Selection)

North Carolina edged out Louisiana, Texas, South Carolina and Tennessee to earn first place on Site Selection magazine's list of 10 most competitive states for 2014. States were ranked based on 10 criteria, including total new and expanded facilities, capital investment and number of jobs created in 2014.

Ag commissioner says avian flu will reach NC by fall

May 12, 2015

(WRAL.com)

State Agriculture Commissioner Steve Troxler said he expects migrating birds to bring the avian flu to North Carolina by fall. The latest outbreak of the highly contagious disease has infected chicken farms in the Midwest and California.

Ross says UNC's reputation is at risk

May 13, 2015

(The Charlotte Observer)

UNC System President Tom Ross says the public university system is "teetering on the edge" and its national reputation is at risk. Speaking in Charlotte on Tuesday, Ross said the state is spending 14% less per degree, while the system produces 18% more graduates than it did five years ago.

Wilmington's nCino partners with Deloitte

May 13, 2015

(Greater Wilmington Business Journal)

Deloitte Digital, a division of Deloitte Consulting, will add nCino's Bank Operating System to its portfolio of services offered to banking and financial clients across the world. Built on the Salesforce platform, nCino's software helps lenders trim paperwork, increase efficiency and reduce operating costs.

Durham's Precision Bio raises $25M

May 13, 2015

(Xconomy.com)

Durham-based Precision BioSciences closed on a $25.6 million round of funding led by venBio. Founded in 2006, the company plans to use the proceeds to develop new products using its gene-editing technology.

Durham bank rebrands to attract younger customers

May 13, 2015

(The News & Observer, Raleigh)

In an effort to attract a more diverse customer base, Durham-based Mechanics and Farmers Bank is rebranding to M&F Bank on June 2.

New Belgium's distribution center is complete

May 13, 2015

(Asheville Citizen-Times)

New Belgium Brewing has completed construction of a 141,000-square-foot distribution center in Enka. The Fort Collins, Colo.-based beer company's West Asheville brewery, which will serve the eastern United States, is under construction and scheduled to open by year-end.

Developer outbids Atlanta company for uptown Charlotte land

May 13, 2015

(The Charlotte Observer)

National developer Camden USA offered the city of Charlotte $13.3 million for a 4-acre parcel on Stonewall Street. Atlanta-based apartment developer Pollack Shores had an agreement with the city to purchase the land for $12.2 million. A new upset bid period will end May 26.

Chimerix receives $100M federal contract

May 12, 2015

(The News & Observer, Raleigh)

Durham-based drug developer Chimerix was awarded a $100 million federal contract to produce brincidofovir, its experimental antiviral drug that can be used to defend against smallpox, for government stockpiles. The contract could be worth as much as $435 million if the Biomedical Advanced Research and Development Authority exercises options to order up to 1.7 million treatment courses.

Lenovo laying off 165 Triangle workers

May 12, 2015

(The News & Observer, Raleigh)

Lenovo confirmed Monday it will lay off 235 people nationwide, including 165 in the Triangle, as a result of its acquisition of one of IBM's server units. Most affected employees are former IBM workers.