Business

Georgia-based engineering company moving HQ to Garner

December 8, 2014

(The News & Observer, Raleigh)

Conyers, Ga.-based Overland Contracting will move its corporate headquarters to Garner, where the company plans to invest $8.4 million and create 89 new jobs over three years. A subsidiary of Black & Veatch, Overland provides engineering, procurement and construction services for the energy, telecommunications and water industries.

 

Health-insurance rates vary across NC

December 8, 2014

(The News & Observer, Raleigh)

Health-insurances rates vary widely across the state and are among the highest in the United States. Counties in northwestern N.C., the Charlotte area and along the coast have the highest individual insurance rates.

Winston-Salem's IMG College faces job cuts

December 8, 2014

(Winston-Salem Journal)

The parent company of IMG College will cut 3% of its workforce over the next few weeks, which could lead to the loss of 27 jobs for the Winston-Salem-based sports-marketer. IMG Worldwide, parent of IMG College – which has partnerships with more than 90 universities – was acquired by Beverly Hills-based talent agency William Morris Endeavor Entertainment in 2013 in a deal valued at about $2.4 billion.

Raleigh startup WedPics raises $4.25M

December 8, 2014

(WRAL TechWire)

Raleigh-based WedPics raised $4.25 million in a round of new funding and plans to increase its staff by 25%, according to CEO Justin Miller. Launched in 2012, the startup provides a mobile app that allows wedding guests to share photos ("Going to the chapels," September 2013).

Strong start for choose-and-cut tree farms

December 8, 2014

(The Watauga Democrat)

Choose-and-cut Christmas tree farms in Watauga County are cautiously optimistic following a strong opening weekend. Most tree farms in the area are reporting above-average sales for the season.

Duke Energy CEO to appear on '60 Minutes' Sunday

December 5, 2014

(The Charlotte Observer)

Sunday's episode of the CBS news magazine 60 Minutes will include an interview with Lynn Good in which the Duke Energy CEO talks about how the utility is dealing with coal-ash disposal. The interview, which will air at 7 p.m., was taped in September.
Related:
Contaminated seeps found near Duke Energy plant

Duke may find shortage of contractors to move coal ash

Hanesbrands adding 75 jobs at Mount Airy sock plant

December 5, 2014

(Winston-Salem Journal)

Hanesbrands will invest $500,000 and add 75 jobs at its Mount Airy sock manufacturing plant, where the Winston-Salem-based apparel-maker currently employs 230. The town will provide $67,500 in incentives, including job skills training. A company spokesman said the incentives "helped solidify the decision" to expand local production.

Charlotte seeks to increase uptown retail

December 5, 2014

(The Charlotte Observer)

With the number of residents living in uptown Charlotte approaching 25,000, a local economic-development group is looking for new ways to attract more retail to the area. One idea proposed by Charlotte Center City Partners' director of retail Christopher Hemans is to require new buildings to include first-floor retail.

Craven County approves incentives for Moen warehouse

December 5, 2014

(Sun Journal, New Bern)

Moen will break ground on a new 203,000-square-foot component warehouse at Craven County Industrial Park in the first quarter of 2015. County commissioners unanimously approved $650,000 in incentives for the project, which is expected to be operational by fall 2015. The Ohio-based faucet-maker employs 700 at a local manufacturing plant.

Southern Pines' K2 Solutions could lay off 70 workers

December 5, 2014

(The Pilot, Southern Pines)

K2 Solutions, which trains dogs for military operations, could lay off as many as 70 of its 170 employees next month as military contracts that began in 2009 are expiring. Most of the layoffs will be at the company's Richmond County training center. The Southern Pines-based company's founder says the government is investing more in developing technological replacements for canines in the military.