Wilmington's Live Oak Bank nation's No. 2 SBA lender

October 13, 2015

(Greater Wilmington Business Journal)

Wells Fargo remains the nation's top SBA lender, with loans totaling nearly $2 trillion for the fiscal year that ended Sept. 30. Wilmington's Live Oak Bank was second, will 966 loans totaling about $1.15 trillion, according to a report released Monday by the federal Small Business Administration.

Foresclosure sale planned for Wilmington mall

October 12, 2015

(Greater Wilmington Business Journal)

Independence Mall will be offered for sale at a public auction Oct. 22, a result of the Wilmington mall's owner, Centro Independence, defaulting on a $110 million loan.

Perquimans County puts freeze on new wind farms

October 12, 2015


Perquimans County has put a four-month freeze on new wind farms after some residents opposed a Charlotteville, Va., company's $300 million proposal to build up to 150 turbines on 15,000 acres. A 22,000-acre wind farm that will sell energy to Amazon is being developed about 10 miles away (Statewide, September).

AG shuts down Fayetteville medical-training school

October 12, 2015

(The Fayetteville Observer)

North Carolina Medical Institute in Fayetteville was temporarily closed after the school was accused of charging students for unaccredited courses and certifiying some nursing students who hadn't received sufficient training.

Harnett Health president resigns after less than a year on the job

October 9, 2015

(The Fayetteville Observer)

Dan Weatherly became president of Harnett Health when Cape Fear Valley Health took over management of the Dunn-based health system in November. He is leaving to take a position with Community Care of North Carolina, a public-private partnership with health care networks across the state. Kevin Jackson, a vice president at Fayetteville-based Cape Fear Valley, will become interim president.

Storm-related erosion damages southeastern beaches

October 8, 2015

(StarNews, Wilmington)

Some beaches in southeastern N.C. are seeking federal disaster funds for beach nourishment after last weekend's storm caused significant erosion. The area received between 12 and 22 inches of rain.

Ocean bureau hosts public hearing on coastal wind-energy proposal

October 5, 2015

(StarNews, Wilmington)

On Wednesday, the federal Bureau of Ocean Energy Management will hold a public meeting in Wilmington on its proposal to allow wind-energy companies to operate turbines in two coastal areas. A study completed last month showed the project, which includes more than 185,000 acres off the coast of Brunswick and New Hanover counties, would have no significant environmental impact.

Residents try to block Amazon Wind Farm

October 2, 2015

(The News & Observer, Raleigh)

A couple from Perquimans County, aided by the Civitas Institute, a conservative think tank, has filed a lawsuit against the N.C. Department of Environmental Quality in an attempt to block the Amazon Wind Farm. The couple says the project is subject to a new regulatory review, which could take more than a year. If the wind farm isn't operational by the end of 2016, a federal tax credit will expire, likely killing the project.

Vertex Rail passes 100-employee mark

September 30, 2015

(Greater Wilmington Business Journal)

Vertex Railcar has hired 105 employees at its manufacturing plant in Wilmington. The company, which vowed last November to create 1,300 jobs at a former Terex Crane facility, said it expects to receive certification to produce hopper cars in October and tank cars in December.

Sanderson Farms receives violation notice on Robeson County chicken plant

September 28, 2015

(The Fayetteville Observer)

State environmental officials issued a violation notice to Sanderson Farms for starting construction on a wastewater processing plant in Robeson County before a necessary permit was issued. The Laurel, Miss.-based poultry processor plans to create 1,100 jobs at the new plant.

DiTullo to lead Brunswick's new economic development agency

September 28, 2015

(Greater Wilmington Business Journal)

Michael DiTullo will become director of Brunswick County's Economic Development Department Nov. 2. DiTullo is currently CEO of Rockland County Economic Development in New York, where he has been involved in 15 corporate projects that generated more than 2,500 jobs and nearly $1 billion in private investment.

PGA event could provide $60M economic boost for Wilmington

September 25, 2015

(Greater Wilmington Business Journal)

The Wells Fargo Championship is expected to generate an economic impact between $40 million and $60 million in the Wilmington area in 2017. The golf tournament, usually held in Charlotte, is moving to Eagle Point Golf Club for one year as Quail Hollow Club prepares to host the PGA Championship.

Australian drugmaker breaks ground on Greenville expansion

September 24, 2015

(The Daily Reflector)

Mayne Pharma Group broke ground Wednesday on a $65 million expansion of its drug-manufacturing plant in Greenville. The expansion will add more than 100 new jobs.

Winston-Salem's North State Aviation creating 109 jobs in Kinston

September 22, 2015

(Winston-Salem Journal)

North State Aviation will open an aircraft maintenance facility and create 109 jobs in Kinston. The company, which employs more than 400 people at Smith Reynolds Airport in Winston-Salem, will invest $900,000 at the Global TransPark. North State's largest customer is United Airlines.

Belhaven might get another shot at reopening hospital

September 17, 2015

(The News & Observer, Raleigh)

N.C. Sen. Bill Cook introduced a provision that would eliminate a new certificate of need requirement for a tiny hospital in Belhaven that was closed last year. Belhaven Mayor Andy O'Neal walked 130 miles to Raleigh and twice to Washington, D.C., in support of maintaining rural hospitals. If the bill is approved, O'Neal says the hospital could reopen in four to eight months. 
See also: Senate panel backs exemption for Belhaven

Fifth Third Bank looks to serve more eastern NC clients

September 15, 2015

(Greater Wilmington Business Journal)

Fifth Third Bank has expanded its banking-services unit aimed at reaching affluent customers in eastern North Carolina. The Cincinnati-based bank has 56 branches in the Triangle, Charlotte and western N.C.
More Wilmington banking news: CresCom expands loan production, moves to future Wilmington retail location

Figure Eight Island boasts largest concentration of high-value homes in Southeastern NC

September 14, 2015

(StarNews, Wilmington)

Figure Eight Island in northeastern New Hanover County has nearly 500 homes valued at $1 million or more, though properties in the gated community are still a value when compared with other parts of the country, according to a local broker. The most valuable property on the 1,300-acre island is a $6.3 million home owned by John Mack, former CEO of Morgan Stanley.

Belhaven mayor makes third walk to save rural hospital

September 11, 2015

(The Daily Reflector)

Adam O'Neal, the mayor of the small town of Belhaven in Beaufort County, is walking to Raleigh to try to convince legislators to reopen the former Vidant Pungo Hospital that was closed on July 1, 2014. O'Neal previously completed two walks to Washington, D.C. to raise support for rural hospitals.

Wilmington film community encouraged by recent developments

September 11, 2015

(Greater Wilmington Business Journal)

The Wilmington film industry received two pieces of promising news this week. TNT will film a pilot for a drama series starring Downton Abbey actress Michelle Dockery at EUE/Screen Gems Studios, and the General Assembly agreed to award up to $30 million per year in film grants for the next two years.

Two Brunswick County towns oppose offshore drilling

September 10, 2015

(The Times-News, Burlington)

Town councils in Holden Beach and Oak Island passed resolutions opposing offshore drilling for oil and natural gas. At least 23 North Carolina communities have passed similar resolutions, according to environmental advocacy group Oceana. Opponents of the practice are concerned about impact on the environment and tourism.