Business

Raleigh City Council to consider legalizing Airbnb

January 20, 2015

(The News & Observer, Raleigh)

At its Tuesday meeting, Raleigh City Council will consider whether to legalize online services such as Airbnb, which allows homeowners to rent their houses to travelers on a nightly basis. 

Ralph Lauren distribution center to open in September

January 20, 2015

(High Point Enterprise)

Construction on Ralph Lauren's 843,000-square-foot distribution center in High Point is on schedule, with a targeted completion date of September. The New York-based apparel company hasn't said how many jobs it will create when the center opens.

INC Research names first-ever president

January 20, 2015

(The News & Observer, Raleigh)

Alistair Macdonald was named the first president INC Research, the Raleigh-based contract research organization that went public in November. Macdonald has been chief operating officer since January 2013 and has been with the company since 2002. INC employs 5,400 people worldwide, including 850 in the Triangle.

'Sleepy Hollow' to exit Wilmington if series is renewed

January 19, 2015

(StarNews, Wilmington)

Fox Television Group said it will move production of "Sleepy Hollow" to Atlanta if the series is renewed. The TV drama filmed its first two seasons in Wilmington, but the state legislature replaced the state's film incentive program with a new grant program for 2015 that caps the amount of money a production can receive at $5 million.

Caterpillar to close Franklin plant, lay off 150 people

January 19, 2015

(Winston-Salem Journal)

Caterpillar will close its plant in Franklin, idling 150 workers by the end of next year. Opened in the early 1990s, the Macon County plant makes seals for heavy equipment. The Peoria, Ill.-based company said it will try to help workers find jobs at other plants.

Krispy Kreme reveals expansion plans

January 19, 2015

(Winston-Salem Journal)

Krispy Kreme Doughnuts unveiled expansion plans for fiscal 2016 and beyond at an investor conference last week. The Winston-Salem-based company projects a net gain of 20 to 35 domestic stores in fiscal 2016, which begins Feb. 1, and expects to add at least 200 international shops by the end of fiscal 2017.

Economist: High-tech manufacturing jobs needed

January 19, 2015

(The Salisbury Post)

Economist and Associate Professor Eric Hake, who teaches at Catawba College, says the economy needs to grow more quickly and that rural areas, including Rowan County, should focus on recruiting high-tech manufacturing jobs.

40-acre solar farm proposed for Lincoln County

January 19, 2015

(The Charlotte Observer)

A public hearing will be held Feb. 2 on a proposed 40-acre solar farm in eastern Lincoln County, where Charlottesville, Va.-based HelloSage Energy has a lease option with landowners. County commissioners voted in December against a 36-acre solar farm proposed by Chapel Hill-based Strata Solar, citing potential impact on adjoining property values.

Asheville Angels makes first investment in Plum Print

January 19, 2015

(Asheville Citizen-Times)

Asheville Angels has made its first investment, totaling more than $100,000, in Plum Print, a two-year-old local business that turns children's artwork into books. The group of angel investors was formed last year to invest in startups in the Asheville area and across the Southeast.

Salix headquarters building sells for $27M

January 19, 2015

(The News & Observer, Raleigh)

The 127,000-square-foot Raleigh office building that is home to Salix Pharmaceuticals has sold for $27.45 million. Virginia-based Allegiancy acquired the property, which is off Six Forks Road near I-540.