Charlotte

Areva headquarters now open in Charlotte

October 4, 2013

(The Charlotte Observer)

French energy company Areva has completed its relocation of it North American headquarters from Bethesda, Md. to Charlotte. Areva, which focuses on nuclear and renewable energy sectors, already employs about 300 engineers in Charlotte and plans to add about 130 new jobs there over the next four years. 

GOP leaders who oppose Cleveland County casino will hold 2014 convention at Harrah's

October 4, 2013

(The Shelby Star)

Economic development leaders in Cleveland County are puzzled by the state GOP's choice of Harrah's Cherokee Casino Resort for its 2014 convention, considering many Republican leaders' opposition to a similar proposed development there by the Catawba Indian Nation. In an announcement this week, state GOP chairman Claude Pope called Harrah's "a model for economic development."

Startup pharmaceutical firm to hire 200 in Charlotte

October 3, 2013

(The Charlotte Observer)

A startup pharmaceutical company announced it will open in Charlotte and hire 200 workers in sales and other office positions. KenCord Bio Therapeutics received funding through the Immigrant Investor Program, which allows foreign investors the opportunity to receive U.S. visas in exchange for investments of $1 million or more in U.S. businesses. 

Bankruptcy judge approves sale of DesignLine assets

October 3, 2013

(The Charlotte Observer)

A bankruptcy court judge approved the sale of almost all of the assets of Charlotte bus maker DesignLine, which filed for bankruptcy protection in August and has laid off all but about 12 workers.  Equipment, inventory and investment property are expected to be sold later this month.

Texas will no longer oppose US Airways, American merger

October 2, 2013

(The Charlotte Observer)

Texas Attorney General Greg Abbott announced Tuesday the state will drop its opposition to the proposed merger between American Airlines and US Airways after the companies made commitments to preserve service to rural Texas communities and maintain the company's headquarters in Texas for three years. Texas was one of seven states plus the District of Columbia involved in the federal antitrust lawsuit against the merger.

Lower demand forces more layoffs at Salisbury fiber plant

October 2, 2013

(The Salisbury Post)

Performance Fibers in Salisbury laid off 16 employees last month, after letting 36 workers go in August. A representative from the plant, which makes polyester fiber for industrial products such as seat belts and rope, says demand for the product is down, though he does not expect additional layoffs.

State Appeals court rules in favor of Cabarrus County in speedway dispute

October 2, 2013

(The Charlotte Observer)

The North Carolina Court of Appeals ruled Tuesday that Bruton Smith and Cabarrus County did not have a binding contract in a dispute dating back to 2007 over whether to county was to offer $80 million to fund speedway improvements at the Charlotte Motor Speedway. Tuesday's ruling upheld a 2012 Superior Court ruling in favor of Cabarrus County.

Uptown Charlotte tower sold to Durham real estate firm

October 1, 2013

(The Charlotte Observer)

The Dilweg Cos., a commercial real estate company based in Durham, announced it has bought 121 West Trade, the 32-story office tower at Trade and Tryon in uptown Charlotte formerly known as the Interstate Tower. The 330,000-square-foot building sold for $59.6 million.

Bank of America introduces smaller "express" branches

October 1, 2013

(The Charlotte Observer)

Charlotte-based Bank of America plans to open five "express centers" in Boston, Charlotte and New York by the end of the year. Customers will interact with tellers via video screens, allowing assistance outside of regular banking hours. Employees will also be available to show customers how to use mobile-banking features. 

Catawba Nation claims it doesn't need NC support to build casino

September 30, 2013

(The Charlotte Observer)

Attorneys for South Carolina-based Catawba Indian Nation say the tribe doesn't need support from the state of North Carolina to operate a proposed casino and resort in Cleveland County. The tribe is citing a 1993 agreement with the federal government that exempts it from needing state approval for Class 3 gaming. It would still need federal approval, and filed an application with the U.S. Bureau of Indian Affairs earlier this month.

Gildan Activewear considering Rowan, Davie Counties for Southeastern expansion

September 30, 2013

(The Salisbury Post)

Montreal-based Gildan Activewear SRL, which already has a $43 million yarn-spinning plant under construction in Salisbury, is considering Rowan and Davie Counties for two additional 500,000-square-foot textile plants. The proposed $130 million project in Rowan County would create 184 jobs; details for the proposed Davie plant are not available at this time.

Manufacturer to invest $26 million, bring 177 jobs to Shelby

September 30, 2013

(The Shelby Star)

According to interim county manager David Dear, a manufacturer plans to construct a 150,000-square-foot building in Shelby's Foothills Commerce Center and will hire 177 full-time employees. The company plans an announcement sometime in October; both Shelby and Cleveland County are planning to provide incentives.

Debate arises over proposed Cleveland County reservoir

September 30, 2013

(The News & Observer, Raleigh)

Cleveland County Water, a water authority serving mainly rural areas of North and South Carolina, is supporting a $95 million reservoir in Cleveland County saying it is needed to alleviate frequent drought conditions the area has suffered in recent years. However, federal and state regulators and environmentalists are questioning whether the project is necessary, many claiming it is being driven by economic development interests.

FAA seeks clarity from Superior Court, keeps Charlotte in control of airport for now

September 27, 2013

(The Charlotte Observer)

The Federal Aviation Administration is asking the Superior Court to clarify whether the new Charlotte Airport Commission is part of the city of Charlotte or a separate entity. The FAA says it can not decide who should be in control until the matter is clarified; meanwhile the City of Charlotte will maintain operations of the airport.

Charlotte's Premier Inc. stock climbs 13 percent in IPO

September 27, 2013

(The Charlotte Observer)

Charlotte-based health-care company Premier Inc. raised more than $760 million in an initial public offering. Premier's shares, priced at $27, rose more than 13 percent to $30.65 after the market's close on Thursday. The company, which provides data and consulting services to hospitals and health systems, moved its headquarters from San Diego to Charlotte in 2009.

Duke Energy will build two more wind farms in Texas

September 27, 2013

(The Charlotte Observer)

Duke Energy Renewables will build two 200-megawatt wind farms west of of Brownsville in south Texas. The company estimates the farms will generate enough energy to power 120,000 homes. With the addition of the project, Duke Renewables will rank among the top 10 wind-energy developers in the nation.

Salisbury's Delhaize America establishes award in honor of outgoing CEO

September 27, 2013

(The Salisbury Post)

Delhaize America, parent company of Food Lion, is establishing a company award in honor of its Delhaize Group CEO Pierre-Olivier Beckers who plans to retire at the end of the year. The award will be presented annually to an associate who exemplifies the leadership and values Beckers has brought to the company in his 30 years there.

NC Attorney General Cooper questions Duke profit margins on rate hike, will appeal

September 26, 2013

(The Charlotte Observer)

North Carolina Attorney General Roy Cooper will appeal the 4.5% rate hike granted to Duke Energy Carolinas by the N.C. Utilities Commission this week. The rate increase would allow the Charlotte-based energy company a 10.2 percent return on equity, a return Cooper calls "Wall Street profit margins, not Main Street margins."

CaroMont Health breaks ground on new Gaston County hospital

September 26, 2013

(The Gaston Gazette)

Community leaders joined hospital executives on Wednesday for the groundbreaking ceremony of CaroMont Regional Medical Center in Mount Holly. The freestanding hospital, which is expected to open in the spring of 2015, will provide closer, quicker medical care for about 20,000 residents of northeast Gaston County as well as residents of parts of Charlotte and Lincoln County.

Duke Energy customers will see 4.5 percent rate increase

September 25, 2013

(The Charlotte Observer)

On Tuesday, the N.C. Utilities Commission granted Duke Energy Carolinas an overall rate increase of 4.5 percent, the company's third rate hike since 2009. The North Carolina president of Duke Energy says the money is needed to address environmental regulations and replace aging power plants.