Eastern

Red Ventures closing Wilmington insurance brokerage

March 27, 2015

(Greater Wilmington Business Journal)

Red Ventures will close the Wilmington office of HomeInsurance.com by June 30, according to former employees. The company had more than 100 employees when Indian Land, S.C.-based Red Ventures acquired it in 2012. The Internet marketing firm announced last year it was adding 580 jobs at its Charlotte sales center.

Roberts out at UNC Wilmington's Center for Innovation

March 27, 2015

(Greater Wilmington Business Journal)

Jim Roberts is no longer the executive director of UNC Wilmington's Center for Innovation and Entrepreneurship, a position he had held since May 2013. University officials didn't provide further details about Roberts' departure or name an interim director.

Vertex Rail awaits regulations, infrastructure improvements

March 25, 2015

(StarNews, Wilmington)

Vertex Rail CEO Don Croteau said he expects about half of the projected 1,300 jobs at the company's rail-car manufacturing site in Wilmington will be filled by July or August, though the company has only hired eight or 10 people. New federal tank-car safety regulations are expected to be released in May, and the company is also waiting for construction of a rail spur.

Wilson anticipates lower power bills after Duke Progress deal

March 23, 2015

(The Wilson Times)

Wilson residents can expect double-digit decreases in electric rates once assets of the N.C. Eastern Municipal Power Agency are sold to Duke Energy Progress (Statewide, September 2014), according to City Manager Grant Goings.

Fayetteville's Methodist University close to fundraising goal

March 20, 2015

(The Fayetteville Observer)

Methodist University in Fayetteville has raised more than $33 towards its $35 million fundraising campaign goal. The university will use the funds for improvements to athletic facilities, a new health-sciences building, a concert hall and other projects. The capital campaign runs through 2016.

Vertex Rail CEO talks future expansion

March 19, 2015

(Greater Wilmington Business Journal)

Vertex Rail CEO Don Croteau said it's possible the company eventually could double the size of its Wilmington plant. The rail-car manufacturer announced plans in November to create 1,300 jobs at the former Terex crane facility; an expansion could add another 1,000 workers.

Wilmington's nCino receives additional investment

March 18, 2015

(Greater Wilmington Business Journal)

Wilmington-based nCino received an investment from San Francisco-based Salesforce Ventures, which provides the platform on which nCino's Bank Operating System is based. The software company did not disclose the amount of the investment. nCino announced last month it raised $29 million in a financing led by private-equity firm Insight Venture Partners.

UNC Wilmington to narrow list of chancellor finalists

March 18, 2015

(Greater Wilmington Business Journal)

UNC Wilmington officials said they hope to name finalists for school's chancellor position on Thursday. The chancellor search committee plans to submit names of three recommended candidates to the university's board of trustees. If the trustees approve the finalists, UNC System President Tom Ross will conduct interviews over the next several weeks.

New Hanover approves road-work funds for Vertex Rail

March 17, 2015

(Greater Wilmington Business Journal)

New Hanover county commissioners approved contributing $300,000 toward a $1.5 million road-improvement project to accommodate rail-car maker Vertex Rail Technologies. The city of Wilmington already approved spending $300,000 and the N.C. Department of Transportation will provide the remaining $900,000. Vertex plans to create 1,300 jobs at its local plant.

JCPenney closing Wilson store, three others

March 17, 2015

(The Wilson Times)

The JCPenney store in Wilson is one of four in North Carolina and 39 nationwide that will close April 4 due to lagging sales. About 65 workers will be affected by the store closing. JCPenney opened in Wilson in 1939.

UNC Wilmington chief of staff leaving for Clemson

March 16, 2015

(Greater Wilmington Business Journal)

Max Allen, chief of staff at UNC Wilmington, will leave to take a similar position at Clemson University beginning June 1. Allen is the sixth UNCW administrator to announce plans to leave in the past year.

Robeson attracts $139 million poultry investment

March 13, 2015

Robeson County, an eastern North Carolina county hard hit by declining manufacturing employment, attracted a $139 million poultry operation that is expected to employ 1,100 people within three years.

Smoked salmon plant opens in Pender County

March 13, 2015

(Greater Wilmington Business Journal)

Brooklyn, N.Y.-based Acme Smoked Fish has opened its 100,000-square-foot plant in Pender County, where it plans to produce 10 million pounds of smoked salmon per year. More than 50 people work at the plant, and the company plans to add more jobs as production increases. The company said in 2013 it would invest up to $30 million and hire 120 workers in Pender County.

Peanut company adding 78 jobs in Edenton

March 11, 2015

(Winston-Salem Journal)

A peanut company plans to invest $30 million in its Edenton plant and will add 78 jobs. Jimbo's Jumbos, an affiliate of Hampton Farms, currently employs 208 people in Chowan County. 

Bill aims to keep some port contracts confidential

March 11, 2015

(StarNews, Wilmington)

N.C. Sen. Michael Lee of New Hanover County introduced a bill that would prevent the public from viewing certain contracts between the N.C. State Ports Authority and its clients. Lee says the reason for the proposal is that the authority doesn't want competitors to know its price structure. The proposal would not apply to lease and operating agreements.

Texas company to build $154M solar farm in Gray's Creek

March 10, 2015

(The Fayetteville Observer)

Principal Solar said it will build a $154 million solar farm that will generate about 72.9 megawatts of electricity in Cumberland and Bladen counties. The Dallas-based company announced plans last month for a $173 million solar project near Hope Mills, about 10 miles from the new site, which it says will be the largest solar facility east of the Rocky Mountains.

Fayetteville officials oppose Cary's plan to take water from the Cape Fear

March 10, 2015

(The Fayetteville Observer)

State environmental officials gave Cary preliminary approval to remove an additional 9 million gallons a day from the Cape Fear River to accommodate water demand. Opponents in Fayetteville worry the request will affect water quality and availability downstream and will set a precedent for other growing Triangle communities. 

Lumberton health system to partner with Campbell University

March 9, 2015

(The Fayetteville Observer)

Southeastern Health in Lumberton will team up with Campbell University to develop an emergency-medicine residency program for the university's Jerry M. Wallace School of Osteopathic Medicine, which focuses on training doctors for rural and underserved communities.

Pactiv adding 59 jobs in Kinston

March 6, 2015

(The News & Observer, Raleigh)

An Illinois-based packaging company will invest $24 million in its Kinston plant and will add 59 jobs. Pactiv makes cartons and other packaging products for companies including McDonald's, Wal-Mart and Kroger. The company employs more than 1,000 at six locations in North Carolina.

Southeastern lawmakers propose $66M for film grants

March 6, 2015

(StarNews, Wilmington)

Legislators from Brunswick and New Hanover counties introduced bills in the state House and Senate Thursday that would designate $66 for the state's film-incentive grant program. Gov. Pat McCrory's proposed budget only allocates $10 million for the grants. Wilmington Mayor Bill Saffo said last month the program would need $60 million per year to keep the level of business the industry had in 2014.