Eastern

ECU medical school seeks more funding

February 24, 2015

(The News & Observer, Raleigh)

ECU Chancellor Steve Ballard wants the state legislature to increase funding for the Brody School of Medicine by $8 million this year and by $30 million each year afterward. Ballard says the school needs the additional funding to keep training doctors for rural North Carolina and to keep operating clinics that serve eastern N.C. residents who can't afford to pay for healthcare.

Fayetteville approves incentives for chicken plant

February 24, 2015

(WRAL.com)

Fayetteville City Council voted 7-3 in favor of incentives for Sanderson Farms to build a chicken-processing plant that would create 1,000 jobs. Cumberland county commissioners approved economic incentives for the project in January, reversing an earlier decision. The Mississippi-based company hasn't said if it is still considering Cumberland for its proposed plant; Robeson County held a hearing last week for a similar project, speculated to be Sanderson Farms. 

DOT's draft Rail Plan includes improvements in southeastern NC

February 23, 2015

(Greater Wilmington Business Journal)

Released Friday, the N.C. Department of Transportation's draft State Rail Plan includes improvements to passenger and freight rail service in southeastern North Carolina. The plan mentions a potential passenger rail line between Wilmington and Raleigh, and proposes a study of a passenger rail corridor linking Wilmington and Charlotte.

Butterball creating 367 jobs in Raeford

February 20, 2015

(The Fayetteville Observer)

Garner-based Butterball will invest $70 million in the former House of Raeford turkey plant and plans to create 367 jobs. That's welcome news to the town of Raeford, where more than 1,300 people lost their jobs in 2013 and 2014 when House of Raeford closed two local plants ("Turkey Trot," January).

Wilmington officials to press for expansion of film grant program

February 20, 2015

(Greater Wilmington Business Journal)

Elected officials and film-industry leaders joined together at a press conference in Wilmington on Thursday and said they would advocate to increase funding for the state's new film grant program. Johnny Griffin, director of the local film commission, said that normally at this time of year Wilmington would have received 20 to 25 inquiries about film projects – this year there have been three.

Wilmington awaits film announcement

February 19, 2015

(StarNews, Wilmington)

Film-industry leaders in Wilmington will make an announcement at EUE/Screen Gems Studios at 10:30 Thursday morning. Mayor Bill Saffo will be on hand, as well as Bill Vassar, executive vice president of the studios, and other local leaders. No further details were provided.

Robeson County may have violated state law in approving incentives

February 18, 2015

(The Fayetteville Observer)

Robeson County may have violated the state's open meetings law when it approved incentives for an unnamed company – speculated to be poultry producer Sanderson Farms – to bring 1,000 jobs to the county. Robeson County Attorney Patrick Pait disagrees, and says there will be additional hearings on the project if it advances.

Chapel Hill developer selected for Wilmington's Water Street project

February 18, 2015

(StarNews, Wilmington)

Chapel Hill-based East West Partners was chosen to redevelop the Water Street parking deck in downtown Wilmington. The company's initial proposal includes 554 parking spaces, 190 apartments and more than 31,000 square feet of retail space.

Cumberland votes in favor of Sanderson Farms incentives, Robeson approves similar deal

February 17, 2015

(The Fayetteville Observer)

Cumberland County commissioners approved incentives for Sanderson Farms to build a $95 million chicken-processing plant, while nearby Robeson County and the town of St. Pauls approved incentives for an unidentified company that closely resembles the Mississippi-based poultry processor. The Sanderson Farms plant could bring about 1,000 jobs to the region. 

Public hearing set for offshore drilling

February 17, 2015

(StarNews, Wilmington)

The federal Bureau of Ocean Energy and Management plans to hold a public hearing Tuesday in Wrightsville Beach to discuss drilling for oil and gas off the North Carolina coast. 

Leases for offshore wind farms could be issued in 2016

February 16, 2015

(The Daily Reflector, Greenville)

Leases for wind turbines off the coast of North Carolina could be awarded as early as 2016, according to the federal Bureau of Ocean Energy Management. The agency recently held public hearings in three coastal communities that could be impacted by the turbines. Some residents fear the turbines could harm the coastal tourism industry.

Loan default won't impact shoppers, tenants at Wilmington mall

February 16, 2015

(StarNews, Wilmington)

A $110 million delinquent loan will not affect day-to-day operations at Wilmington's Independence Mall, according to a spokeswoman from the property-management group that runs the 1 million-square-foot shopping center.

NC Ports Authority to sell coastal properties

February 12, 2015

(StarNews, Wilmington)

The N.C. State Ports Authority will shed about a dozen properties and plans to use the proceeds for capital improvements at its deepwater ports in Wilmington and Morehead City. The authority will sell the 42-acre Southport Marina and 11 mostly undeveloped properties in Brunswick, Carteret and New Hanover counties. 

Robeson to hold incentives hearing for familiar-sounding project

February 12, 2015

(The Fayetteville Observer)

Robeson County and the town of St. Pauls will hold public hearings Monday on "Project Apple," an unidentified economic-development project that closely resembles the Sanderson Farms proposal that Cumberland County commissioners also plan to vote on Monday. Newspaper advertisements said the project would involve a $115 million investment and create 1,100 jobs.

Eshelman invests in two RTP drug companies

February 11, 2015

(Greater Wilmington Business Journal)

Wilmington-based Eshelman Ventures, the latest project of PPD founder Fred Eshelman, announced two investments in Research Triangle Park pharmaceutical companies last week. The investment company was part of a $3.2 million round of financing for Dignify Therapeutics and also co-led a $33 million financing package for G1 Therapeutics.  

Prince Charles renovation hinges on tax credit

February 9, 2015

(The Fayetteville Observer)

The developer tasked with rehabbing the historic Prince Charles Hotel in downtown Fayetteville is hopeful Gov. Pat McCrory will persuade the state General Assembly to bring back the historic-property tax credit. The credit, which expired Jan. 1, helped redevelop nearly 2,500 properties in the state between 1998 and 2014. 

Hundreds turn out for hearing on offshore drilling

February 18, 2015

(StarNews, Wilmington)

Almost 400 people signed in Tuesday night at an information session on offshore drilling in Wrightsville Beach. The federal Bureau of Ocean Energy Management took comments via written notes and electronic submissions on a proposal by the Obama administration that would allow oil and gas exploration of the North Carolina coast.

Fayetteville area leaders voice concern over troop cuts

February 6, 2015

(The Fayetteville Observer)

About 450 people attended an Army "listening session" in Fayetteville Thursday to express concern over potential cuts that could cost Fort Bragg up to 16,000 troops and Army civilians. Civic leaders warned of an "economic tsunami" if Fort Bragg experiences deep cuts.

Pfizer to acquire Hospira for $15 billion

February 6, 2015

(Rocky Mount Telegram)

New York-based drugmaker Pfizer will acquire Lake Forest, Ill.-based Hospira for about $15.2 billion, though it's unclear how the deal will affect Hospira's manufacturing plant in Rocky Mount, which employs 2,600 people.

CFCC officials say variety of issues led to Spring's resignation

February 6, 2015

(Greater Wilmington Business Journal)

Members of Cape Fear Community College's board of trustees said ongoing tensions led to the resignation of President Ted Spring. Spring resigned Jan. 22 following questions over expense reimbursements and the use of bond funds to pay for school construction projects.