Eastern

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. 

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.

Proposed Cumberland County solar farm would be NC's largest

February 5, 2015

(The News & Observer, Raleigh)

Principal Solar has acquired rights to build a 78.5 megawatt solar farm in Hope Mills, but the Dallas-based company first needs to secure $173 million in financing. The developer says the solar farm would be the largest in the U.S. east of the Rocky Mountains. Principal acquired the project last month from Fletcher-based Innovative Solar Systems.

McCrory praises FTCC's collision-repair program

February 5, 2015

(The Fayetteville Observer)

Fayetteville Technical Community College held a ribbon-cutting ceremony Wednesday for its $4.5 million high-tech collision repair center. The new program aims to fill a gap in providing skilled workers in the auto-repair industry, which requires more technological savvy than in previous years.

'Sleepy Hollow' gave New Bern economic boost

February 4, 2015

(Sun Journal, New Bern)

The Fox TV show "Sleepy Hollow" had an estimated $250,000 economic impact on New Bern and provided significant exposure for Tryon Palace, according to the New Bern-Craven County Convention and Visitors Center. Fox has said it plans to move production to Atlanta if the show is renewed for a third season.

 

Durham developer to rehab Fayetteville hotel

February 3, 2015

(The Fayetteville Observer)

The new owners of Fayetteville's Prince Charles Hotel property plan to spend $11 million renovating the building into apartments with street-level retail shops. Project manager Michael Lemanski, founder of Durham-based Greenfire Real Estate Holdings, has led the revitalization of much of downtown Durham over the last 15 years. 

UNC Wilmington chancellor search committee narrows list

February 3, 2015

(Greater Wilmington Business Journal)

The search committee for UNC Wilmington's new chancellor expects to begin interviews in February, according to committee co-chairwoman Wendy Murphy. 

Obama's budget includes $412M in NC military construction

February 3, 2015

(The Fayetteville Observer)

President Obama's fiscal 2016 budget proposal includes nearly $412 million in construction projects at North Carolina military installations, including $169 million at Fort Bragg.

Public hearing on Cumberland poultry plant set for Monday

February 2, 2015

(The Fayetteville Observer)

Fayetteville and Cumberland County have proposed incentives totaling $6.3 million for Mississippi-based Sanderson Farms to build a chicken-processing plant that would employ 1,000 people. More than 120 people have signed up to speak at Monday's public hearing on the incentives.

FCC to decide on municipal broadband networks

February 2, 2015

(The News & Observer, Raleigh)

The Federal Communications Commission will vote Feb. 26 on whether to strike down state laws that limit government-run Internet networks. Wilson, which hopes to expand its own high-speed Internet service it launched in 2008, and Chattanooga, Tenn., filed petitions last year asking the FCC to overturn the laws.

Novant to manage Lenoir Memorial Hospital

January 30, 2015

(The News & Observer, Raleigh)

Lenoir Memorial Hospital plans to sign a management agreement with Winston-Salem-based Novant Health this spring. Under the terms of the initial proposal, Gary Black will remain CEO of the 261-bed hospital. Lenoir posted an operating loss of nearly $14 million over the last five years, according to public filings.

Job cuts likely at Goodyear's Fayetteville plant

January 29, 2015

(The Fayetteville Observer)

Goodyear Tire & Rubber may be laying off at least 30 to 40 of its 2,500 workers at its Fayetteville tire-manufacturing plant, according to source at the company. Goodyear has not confirmed the job cuts.

Belhaven, Vidant approve plans for 24-hour clinic

January 28, 2015

(The Daily Reflector, Greenville)

The town of Belhaven reached an agreement with Vidant Health that will allow the Greenville-based health system to begin construction of a $4.2 million, 24-hour clinic that will serve Hyde and Beaufort counties. The town and the NAACP are still awaiting a decision from a federal complaint they filed over Vidant's decision last year to close Vidant Pungo Hospital.

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

GE Nuclear Fuel unit secures $100M contract

January 27, 2015

(Greater Wilmington Business Journal)

Global Nuclear Fuel, the GE-led joint venture of Hitachi and Toshiba, received a contract worth more than $100 million to provide fuel for a nuclear station in Nebraska through 2034. The fuel will be manufactured at GNF's Castle Hayne campus near Wilmington.

Wilmington's nCino makes Forbes 'Most Promising Companies' list

January 26, 2015

Wilmington-based nCino was the only North Carolina business to make Forbes' recent list of America's Most Promising Companies. nCino ranked 93rd on the list, which includes private companies generating less than $300 million annually and considers revenue growth, employee growth, capital raised and management, among other factors.

County officials surprised over CFCC president's resignation

January 26, 2015

(Greater Wilmington Business Journal)

Trustees provided few details regarding Cape Fear Community College President Ted Spring's abrupt resignation on Thursday, while county commissioners expressed surprise and concern over Spring's departure. 

Duke Energy plans 13-megawatt solar farm in Onslow County

January 26, 2015

(Winston-Salem Journal)

Through a partnership with the U.S. Navy and U.S. Marine Corps, Duke Energy will build a 13-megawatt solar project at Camp Lejeune. The 80-acre project could provide enough power for about 3,000 homes.