Eastern

Wilmington's nCino projects continued growth in 2015

January 15, 2015

(Greater Wilmington Business Journal)

Live Oak Bank spinoff nCino said its 2014 revenue increased 206% compared with the previous year. Started in 2012, the banking-software company now serves 81 clients compared with 36 at the end of 2013. nCino employs more than 100 people and plans to hire 50 to 75 more workers in 2015, CEO Pierre Naudé said.
Related: Code green: nCino and Tresata aim to make NC a hotspot for financial-services software (December 2014)

Report says wind would produce more jobs, energy than offshore drilling

January 15, 2015

(The Charlotte Observer)

An advocacy group that opposes offshore drilling for oil says wind-energy development would create 82,000 jobs in the Carolinas, while oil drilling would create only about 36,000 jobs. In a report released Wednesday, Oceana says wind energy along the Atlantic coast could produce twice the energy of drilling for oil.

Obama proposes drilling off NC coast

January 28, 2015

(The Charlotte Observer)

The Interior Department proposed offering one lease for drilling for oil or natural gas off the coast of the Carolinas, Georgia or Virginia in 2021. The site would be at least 50 miles from the coast, and drilling would begin only after environmental studies are completed. Coastal towns that rely on tourism dollars have passed resolutions opposing the practice. 
Also: Obama fires first in coming 'battle royal' over Atlantic drilling

Craven County partnership introduces new logo

January 14, 2015

(New Bern Sun Journal)

The Craven 100 Alliance, a public-private economic-development partnership established in 2014, introduced a new logo and said it has begun forming membership and fundraising committees. The group hopes to raise $1.5 million in private funding to help recruit new business to the area.

Tri-county marketing initiative announced in Southeastern NC

January 14, 2015

(Greater Wilmington Business Journal)

The Southeastern Partnership announced the Wilmington Regional Marketing Initiative, a new campaign in which local leaders from Brunswick, New Hanover and Pender counties will combine marketing efforts to bring jobs to the region.

Fayetteville job-recruitment agency to review strategies

January 13, 2015

(The Fayetteville Observer)

Fayetteville's Economic Development Alliance will conduct an internal review and form a task force to re-examine its target industries following the failed Sanderson Farms proposal. Cumberland County commissioners voted last week against considering a proposal from the Missississippi-based poultry processor that would have created 1,000 jobs.

Wilson's Barton College names new president

January 12, 2015

(The Wilson Times)

Douglas Searcy was named president of Barton College in Wilson. He is currently vice president for student affairs at the University of Mary Washington in Fredericksburg, Va. Searcy will replace Norval Kneten, who is retiring at the end of the current academic year.

Live Oak Bank opens office near California wine country

January 9, 2015

(Greater Wilmington Business Journal)

Live Oak Bank has opened an office in Santa Rosa, Calif., near the Napa and Sonoma wine-growing regions. The Wilmington-based lender hopes to provide financing to wineries, vineyards and breweries. Live Oak provides SBA loans to companies in specific industries including veterinarians, financial advisers and dentists (Regional Report, April 2013).

Lee County residents worried about coal-ash plan

January 8, 2015

(The Fayetteville Observer)

Lee County officials and residents are concerned about Duke Energy's plan to store coal ash in abandoned clay mines once used by a local brick manufacturer.

Wilmington City Council picks finalists for redevelopment project

January 7, 2015

(StarNews, Wilmington)

Wilmington City Council chose four finalists to redevelop downtown's Water Street parking deck site. Proposals include mixed-use projects with apartments and retail ranging from 13 to 15 stories. The city could make its final selection at a Feb. 17 meeting.

CEO of Wilmington-based Next Glass makes Forbes list

January 7, 2015

(Greater Wilmington Business Journal)

The 26-year-old founder and CEO of Wilmington-based Next Glass is No. 29 on Forbes' 2015 list of "30 Under 30" food and alcoholic beverage entrepreneurs, which includes chefs, food writers and wine and beer purveyors. Next Glass, which offers an app that helps users identify beers and wines they might like, launched in November and got 250,000 downloads in its first three weeks.

Cumberland County rejects plans for chicken plant

January 6, 2015

(The Fayetteville Observer)

Cumberland County commissioners voted against holding a public hearing on whether or not to offer incentives for Mississippi-based Sanderson Farms to build a chicken-processing plant that would have created 1,000 jobs. The board voted informally in September against moving forward with the project, but the issue was revived following November's election.

New Hanover Regional to expand, renovate ER

January 6, 2015

(Greater Wilmington Business Journal)

New Hanover Regional Medical Center will renovate its emergency department and add 12,600 square feet at its main campus in Wilmington. The renovation will increase the number of patient exam rooms from 48 to 73. Construction is expected to begin this spring with an estimated completion date of early 2017.

Dominion to host open houses on proposed pipeline

January 6, 2015

(The News & Observer, Raleigh)

Dominion Resources will hold information sessions for landowners in eastern and central N.C. who may be affected by a proposed natural-gas pipeline. This week's open houses will include updated maps showing the route of the 550-mile pipeline, which will run from West Virginia to southeastern N.C.

Downtown redevelopment project could cost Wilmington $20M

January 5, 2015

(StarNews, Wilmington)

The city of Wilmington could have to pay between $11 million and $23 million for infrastructure improvements related to the private redevelopment of a downtown parking deck. The city council plans to recommend three finalists for the project at a Tuesday meeting.

McCall Farms to close Wilson plant

January 2, 2015

(The Wilson Times)

McCall Farms will shut down its Wilson sweet-potato processing plant, idling up to 64 workers, by March 5. The Effingham, S.C.-based vegetable-canning company purchased the former Bruce Foods plant a year ago. Some employees will be offered jobs in South Carolina, where McCall plans to consolidate its sweet-potato processing operations.

Southeastern NC may be well-suited for wind farms

January 2, 2015

(The Fayetteville Observer)

Advanced technology is allowing wind turbines to generate more energy with less resources, which means wind farms in North Carolina could be more economically viable than previously thought. Florida-based NextEra Energy Resources plans to study the potential for wind-energy development in Hoke County.

 

Wilmington apartment boom continues with 228-unit project

December 24, 2014

(Greater Wilmington Business Journal)

Developers announced plans for a 228-unit apartment complex on Carolina Beach Road in Wilmington. The proposed project would consist of seven three-story buildings on 11 acres and include 3,800 square feet of commercial space.

Four tire companies looked at Brunswick

December 23, 2014

(StarNews, Wilmington)

Four tire companies have considered opening plants in Brunswick County in the last two to three years, according to Jim Bradshaw, executive director of the local economic development commission. Bradshaw said three companies cited the threat of hurricanes as reasons for locating elsewhere.

Wilmington considers business district tax

December 19, 2014

(StarNews, Wilmington)

Wilmington Downtown Inc. is mulling the creation of a downtown business district that would be taxed higher than other parts of the city to pay for improvements to the area.