Eastern

Veteran-owned company gets $36 million military contract

February 20, 2014

(The Fayetteville Observer)

Fayetteville-based Combat Medical Systems, founded in 2008 by veteran combat medics, has been awarded a contract of up to $36 million to provide medical supplies to the U.S. armed forces through Feb. 17, 2015.

First Federal Bank, NCBT change name to South State Bank

February 18, 2014

(Greater Wilmington Business Journal)

Columbia, S.C.-based First Federal Bank, which has seven locations in Wilmington, will now be called South State Bank. All banking units for First Financial Holdings, which merged with Columbia-based SCBT Financial Corp. in July, will begin operating under the new name, including three North Carolina Bank & Trust branches in Charlotte. 

New Hanover residents concerned over environmental effects of sand mine expansion

February 17, 2014

(StarNews, Wilmington)

A proposal by Hilton Properties Limited Partnership to expand its sand-mining operation in New Hanover County has neighbors concerned about groundwater contamination, traffic and noise.

New products passing through Port of Morehead City

February 14, 2014

(Carteret County News-Times)

Two new commodities are arriving at Port of Morehead City, including about 350,000 tons of direct reduced iron for steel producer Nucor's plant in Hertford County and sheet steel for Mitek industries in Edenton. Two new mooring areas were constructed for barge storage to accomodate the iron shipments.

Wilmington's nCino gets $10 million investment, will expand

February 12, 2014

(Greater Wilmington Business Journal)

The chief executive of Wilmington-based nCino says a $10 million capital infusion from a Boston investment management firm will allow the software company to expand. Pierre Naude says the company will hire 30 to 50 employees over the next year to add to its current 78. The company provides a cloud-based operating system for banks.

Eastern NC towns hopeful Duke Energy will strike deal to lower power bills

February 11, 2014

(The News & Observer, Raleigh)

Towns in Eastern N.C. are looking to Duke Energy for relief from some of the highest power bills in the state. The Charlotte-based utility has been in discussions with the N.C. Eastern Municipal Power Agency to buy the agency's shares in five power plants owned by Progress Energy. The agreement would require 32 towns to commit to purchasing wholesale energy from Duke for up to 25 years.

New CBS series pilot to film in Wilmington

February 11, 2014

(StarNews, Wilmington)

A pilot for a CBS TV series will begin production at EUE/Screen Gems Studios in Wilmington April 10. Nikki Toscano, a producer from the ABC series "Revenge," will write the script for the pilot episode and serve as executive producer.

Baltimore firm buys Fayetteville pharmaceutical

February 11, 2014

(The Fayetteville Observer)

Baltimore-based UPM Pharmaceuticals has purchased Fayetteville's NFI Consumer Products, which employed 10-13 workers, for an undisclosed amount and will move its operations to Bristol, Tenn. The 25-year-old company's signature product was Blu-Emu, a pain and joint relief product.

Cary firm to break ground on massive Wilmington apartment complex this summer

February 10, 2014

(Greater Wilmington Business Journal)

Cary-based Symphony Properties LLC expects to break ground this summer on Sawmill Point, a four-story, 278-unit apartment complex adjacent to a riverfront park in downtown Wilmington. If the project stays on schedule, the first units should be available by summer of 2015. 

Remodeled New Bern Mall finds success while other malls decline

February 10, 2014

(New Bern Sun-Journal)

New Bern Mall is thriving after undergoing renovations and adding new tenants while similar indoor malls, many of which were built in the 1970s and1980s, struggle to fill vacant storefronts. 

Fayetteville Chamber launches three-year business plan

February 7, 2014

(The Fayetteville Observer)

The Fayetteville Regional Chamber has launched a three-year initiative to develop and market business in the region. The strategic plan cover six areas: community development, economic development, the military and community partnership, advocacy and policy development, member development and the chamber's long-term success

Film coalition begins campaign to support film incentives

February 6, 2014

(StarNews, Wilmington)

A statewide coalition of film crews, producers, small businesses and local governments has launched a campaign to support keeping the state's film incentive program. The N.C. Production Alliance unveiled a website, ncproductionalliance.com, to communicate industry-related news and information.

ECU provost stepping down Aug. 15

February 6, 2014

(The Daily Reflector, Greenville)

The provost of East Carolina University will step down effective Aug. 15. Marilyn Sheerer, who has held the position since 2007, plans to take a retreat year before returning to the classroom. She was previously dean of the College of Education.

Ryan Phillippe will star in ABC series to be filmed in Wilmington

February 5, 2014

(StarNews, Wilmington)

Ryan Phillippe will star in the pilot for the ABC series "Secrets and Lies" which will begin filming in Wilmington in late February. The actor previously filmed in Wilmington as part of the cast of the 1997 thriller "I Know What You Did Last Summer."

Texas energy company abandons plan for coastal wind farm

February 3, 2014

(Carteret County News-Times)

Houston-based Torch Renewable Energy Corp. will not proceed with a plan to develop a wind and solar farm near Newport, a project which drew public concern over its potential economic impact and interference with the air space near Marine Corps Air Station Cherry Point. The renewable-energy company had proposed an array of solar panels and 40 wind turbines measuring 492 feet tall.

Wilmington's Global Earth Energy to be acquired by SC company

January 27, 2014

(Wilmington Business Journal)

Wilmington-based Global Earth Energy will be acquired by Charleston, S.C.-based Hawk Manufacturing and will move its headquarters to Charleston. The deal is expected to close by the end of the month.

McCrory turns to smaller towns, rural areas to gain approval

January 27, 2014

(The Charlotte Observer)

Gov. McCrory is spending much of his time promoting his plans to boost the state's economy in small towns such as Wilson, where his remarks were well-received in meetings with community leaders and farmers earlier this month. 

Plastics manufacturer to close plant in Weldon

January 23, 2014

(Roanoke Rapids Daily Herald)

Flambeau Manufacturing Facilities will close its plant in Weldon by June 30, the Baraboo, Wis.-based company announced in a press release. The company makes injection-molded plastic products for a variety of uses, including arts and crafts storage and hunting and fishing products.

N.C. Ports Authority begins interviews for new CEO

January 23, 2014

(StarNews, Wilmington)

The chairman of the N.C. Ports Authority says it has narrowed down the search for a new chief executive to five or six candidates. Jeff Miles took over as interim CEO since Feb. 2013 when Tom Bradshaw resigned. The state Department of Transportation assumed operations of the ports from the Department of Commerce in 2011. 

Financial services firm to create 32 jobs in Chowan County

January 22, 2014

(The News & Observer, Raleigh)

A New York-based financial services company with a focus on health care will open an office in Edenton, investing more than $552,000 and creating 32 jobs over the next three years. Standard Medical Acceptance Corp. also plans to relocate its main data-processing operations to North Carolina.