Business

High Point University to receive its own zip code

December 11, 2014

(High Point Enterprise)

Starting in 2015, High Point University will have its own unique zip code. A surge in enrollment in recent years has led to the university receiving 93,000 packages this year, compared with 12,000 in 2007.

Entrepreneurs struggle to get loans

December 11, 2014

(Asheville Citizen-Times)

Small businesses in Western N.C. – even those with a track record of success – find it difficult to obtain funding through traditional small-business loans.

Economist predicts 'robust' year in 2015

December 10, 2014

(The Charlotte Observer)

UNC Charlotte economist John Connaughton predicts unemployment rates in North Carolina will continue to fall in 2015 while wages will rise. In his quarterly state economic forecast, Connaughton said falling gas prices will allow consumers to spend more on discretionary items, contributing to economic growth.

Duke Energy gets federal OK in $1.2B power plant deal

December 10, 2014

(The News & Observer, Raleigh)

Federal regulators approved a $1.2 billion deal that will allow Duke Energy Progress to buy back four power plants that supply electricity to 32 towns in central and eastern N.C. The towns took on $3.6 billion in debt to buy minority stakes in the power plants in 1982, and their customers have paid an average of $240 to $600 more a year for electricity than Duke Progress customers (Statewide, September).

Three NC college presidents earn more than $1M

December 10, 2014

(News & Record, Greensboro)

Presidents of three private universities in North Carolina – High Point University, Duke University and Wake Forest University – were among 36 nationwide who received more than $1 million in total compensation in 2012, according to a report from Washington, D.C.-based Chronicle of Higher Education

Wells Fargo adding 83 jobs in Charlotte

December 10, 2014

(The Charlotte Observer)

Wells Fargo will create 83 jobs in Charlotte as a result of shifting operations of its legal-processing unit from Philadelphia to Charlotte and Chandler, Ariz. The San Francisco-based bank has added about 1,400 jobs in Charlotte over the past year.

NC metro-area unemployment tumbles

December 10, 2014

Twelve of North Carolina's larger metropolitan areas had unemployment rates of 6% or less in October, compared with only three a year ago, according to the N.C. Department of Commerce.

HIgh Point Regional drops trauma center designation

December 10, 2014

(High Point Enterprise)

High Point Regional Hospital voluntarily withdrew its Level 3 trauma center designation in July, according to a spokeswoman from the N.C. Department of Health and Human Services. A representative from the health system said the hospital still treats trauma patients despite the change in designation. North Carolina has 12 trauma centers across the state.

Durham's Parata Systems to lay off 110 workers

December 10, 2014

(The News & Observer, Raleigh)

Durham-based Parata Systems will lay off 110 workers over the next 90 days, according to a notice filed with the N.C. Department of Commerce. Parata makes drug-dispensing systems for pharmacies. The company expects to have about 250 employees as of March 1.

Craft breweries seek creative names to stand out in crowded field

December 10, 2014

(Asheville Citizen-Times)

Craft breweries look for clever names to stand out in a crowded and ever-growing marketplace. Asheville Brewing uses 40 to 60 names a year, including some with comic-book names such as Rocket Girl and Ninja.