Business

Whitaker Park developers consider best uses for campus

July 20, 2015

(Winston-Salem Journal)

Developers of Whitaker Park in Winston-Salem are working to determine the best uses for the 54-year-old manufacturing campus. United Furniture Industries is considering a portion of the site for a 350,000-square-foot distribution center that would employ between 50 and 70 employees.

With light rail on the way, Charlotte's NoDa attracts developers

July 20, 2015

(The Charlotte Observer)

Charlotte's NoDa neighborhood could see the biggest transformation when the 9.3-mile light-rail extension connecting downtown and UNC Charlotte is completed in 2017. Crescent Communities already plans to build 800 residential units at a proposed light-rail stop in NoDa.

Asheville's low wages linked to GDP

July 20, 2015

(Asheville Citizen-Times)

Workers in the Asheville area earn less than people living in other regions because its employers don't produce "high-value" products, local economists say.

Nonprofit wants PacWest to submit community investment plan for Durham

July 20, 2015

(The Herald-Sun, Durham)

Reinvestment Partners wants the federal government to delay approval of Square 1 Bank's proposed acquisition by Calif.-based Pacific Western Bank. The nonprofit is concerned that PacWest won't meet community-credit needs after the deal closes. Square 1, which loans money to startups and venture capitalists, holds a 36% market share of deposits in Durham County.

High Point shopping center sold for $6.25M

July 20, 2015

(News & Record, Greensboro)

Verris Capital paid $6.25 million for the 63,306-square-foot Eastchester Shopping Center in High Point. The seller was Florida-based MS Eastchester.

Tech company bringing 200 jobs to Durham

July 17, 2015

(The News & Observer, Raleigh)

Interactive Intelligence plans to expand in Durham, adding 200 workers with an average annual salary of $70,000. The Indiana-based company develops software for call centers and other businesses. Interactive currently employs 130 at its Durham location.

High Point considers incentives for HAECO expansion

July 17, 2015

(News & Record, Greensboro)

High Point City Council will consider allowing up to $147,000 in incentives for HAECO Americas, formerly TIMCO Aerosystems, to add 147 jobs and relocate its operations to a larger facility. The company, which repairs and refurbishes aircraft interiors, is considering moving to a 250,000-square-foot building previously occupied by TE Connectivity.

Triangle companies raise $112M in VC funding in second quarter

July 17, 2015

(The News & Observer, Raleigh)

Five Triangle companies raised more than $10 million each in venture capital in the second quarter, according to a report by PricewaterhouseCoopers. In all, a dozen tech and biotech companies raised $112.2 million in the quarter. Innocrin Pharmaceuticals raised the most, bringing in $28.1 million in a funding led by Eshelman Ventures.

Chiquita moving up to 200 jobs to Florida

July 17, 2015

(The Charlotte Observer)

Chiquita Brands International plans to move between 150 and 200 jobs from Charlotte to central Florida. The company, which was acquired by two Brazilian companies in January, said earlier this year it would relocate or eliminate 320 jobs by year-end.

Coke Consolidated refreshes investors

July 17, 2015

Charlotte-based Coca-Cola Bottling Co. Consolidated, though publicly held and the nation's largest independent Coke bottler, has long operated under the radar. Now its growth prospects are raising attention among investors, and its stock has soared over the last year after years of flat performance.