Attendance up 12% at Wilmington film festival

November 25, 2015

(Greater Wilmington Business Journal)

A total of 17,630 people attended this month's Cucalorous Film Festival in Wilmington, an increase of almost 12% from 2014. Financial information has not been released.

Foreclosure sale of Wilmington mall delayed again

November 24, 2015

(StarNews, Wilmington)

The public auction of Independence Mall in Wilmington was rescheduled for Dec. 22, marking the third time the foreclosure sale has been delayed. Centro Independence, the mall's owner, defaulted on a $110 million loan.

AAIPharma investing $15.8M in Wilmington expansion

November 23, 2015

(Greater Wilmington Business Journal)

The contract drug development company will add 37 jobs over three years; the number could climb to 50 by 2019. Wilmington-based AAIPharma will receive up to $550,000 in state and local incentives. The company employs nearly 400 people in Wilmington.

Group says offshore drilling a matter of 'when,' not 'if'

November 23, 2015

(StarNews, Wilmington)

Executives from Shell Oil joined the pro-drilling group Consumer Energy Alliance in Wilmington Friday to discuss the potential impact of drilling for oil and natural gas off the North Carolina coast. A Shell representative said offshore drilling in southeastern N.C. could bring new jobs to the Port of Wilmington.

Weyerhaeuser spinoff would include New Bern mill

November 19, 2015

(New Bern Sun Journal)

Washington-based Weyerhaeuser, one of the world's largest wood-pulp products companies, is considering selling or spinning off its cellulose fibers business, which could impact a pulp mill in New Bern that employs 300 people.

Wilmington shopping center sells for $56.3 million

November 17, 2015

(Greater Wilmington Business Journal)

CBL & Associates Properties will sell Mayfaire Community Center, a 210,000-square-foot shopping center anchored by a Harris Teeter grocery store, to Principal Real Estate Investors for $56.3 million. Tennessee-based CBL paid $192 million in June for the center and the larger Mayfaire Town Center.

Sampson County plant will convert turkey waste into energy

November 16, 2015

(The Fayetteville Observer)

A $25 million plant under construction in Sampson County will turn 55,000 tons of turkey waste into industrial steam for energy. The 165,000-square-foot Prestage AgEnergy plant is expected to open by the first quarter of 2016.

Wilmington cold-storage facility to open in April

November 16, 2015

(StarNews, Wilmington)

Despite weather-related construction delays, a cold storage facility at Port of Wilmington should be open by mid-April. The 100,000-square-foot facility, which will house seafood, poultry, vegetables and other foods waiting to be exported, will be operated by a subsidiary of real-estate development group USA Investco.

Butterball adding 250 jobs in Hoke County

November 12, 2015

(The Fayetteville Observer)

Garner-based Butterball plans to add 250 jobs at its turkey processing plant in Raeford in 2016. The nation's largest producer of turkey products said last year it would create 367 jobs over three years at the plant, which was previously occupied by House of Raeford; the company now expects to reach the 500-employee mark next year.

Wilmington rail project could be too costly

November 12, 2015

(StarNews, Wilmington)

The costs of restoring an abandoned rail line near Wilmington could outweigh the benefits, according to a cost analysis of the proposed project. Rebuilding the line between Castle Hayne and Wallace would generate an estimated $6 million to $22 million over 30 years, while project costs could reach $124 million.

NC Ports post record profit in 2014-15

November 11, 2015

(StarNews, Wilmington)

The N.C. State Ports Authority reported revenue of $43.8 million for fiscal 2014-15, a 10% increase over the previous year according to a state audit. Profit reached a record $6.7 million. Spokesman Cliff Pyron said the increase was a result of "record-breaking" volumes in container and bulk cargo traffic.

Sanderson Farms begins hiring in Robeson County

November 11, 2015

(The Fayetteville Observer)

Sanderson Farms began a three-day job fair Tuesday in Lumberton. The Mississippi-based poultry processor is looking to fill 100 manager, supervisor and other positions for a plant in St. Pauls that will eventually employ 1,100 people.

Belhaven still working to reopen rural hospital

November 9, 2015

(The News & Observer, Raleigh)

Belhaven Mayor Adam O'Neal has made significant progress in his efforts to reopen Pungo Hospital, a small, rural hospital in eastern N.C. that was acquired by Greenville-based Vidant Health in 2011 then shut down last year. If he succeeds, keeping it open could be an even greater challenge.

Coal-ash removal underway at Wilmington power plant

November 6, 2015

(StarNews, Wilmington)

Duke Energy has begun removing coal ash from its retired Sutton Plant in New Hanover County. Two million tons of the ash will be trucked to a former Clay mine in Chatham County; the remaining 5.2 million tons will be buried in a landfill on the site of the Sutton Plant.
More on Duke Energy: International troubles depress Duke Energy earnings

GE Hitachi names new CEO after megadeal

November 3, 2015

(Greater Wilmington Business Journal)

General Electric completed its purchase of France-based Alstom's power business on Monday, resulting in the shuffling of several key executives. Jay Wileman becomes president and CEO of Wilmington-based GE Hitachi, where he was previously chief operating officer. GE Hitachi's former CEO Caroline Reda will move to Atlanta to lead GE's power services business for North America.

Novant ends partnership with Kinston hospital

October 30, 2015

(Kinston Free Press)

Lenoir Memorial Hospital and Winston-Salem-based Novant Health will terminate a management agreement that began in the spring. It is unclear if the 261-bed hospital will pursue another affiliation or partnership to help it deal with declining revenue.

New Hanover tourism sets new record

October 29, 2015

(Port City Daily)

New Hanover County reported a 6.33% increase in tourism spending in the 2014-15 fiscal year. It marks the first time the county, which includes Wilmington and Wrightsville, Carolina and Kure beaches, passed $500 million in tourism spending.

Wilmington businesses, politicians at odds over Export-Import Bank

October 28, 2015

(StarNews, Wilmington)

Some Wilmington-area business leaders worry about the impact on the local economy if Congress fails to reauthorize the U.S. Export-Import Bank. U.S. Reps. David Rouzer and Walter Jones say the bank is costly to taxpayers and does little to help the majority of businesses.

NC ready to compete for film projects

October 27, 2015

(Greater Wilmington Business Journal)

With funding restored to the state's film grant program, North Carolina could attract shorter television series and small films, says Johnny Griffin, director of the Wilmington Regional Film Commission. Big-budget films and long-running TV series will probably go to states that offer larger incentive packages, such as Georgia. North Carolina's grant program is capped at $30 million per year.

Foreclosure sale of Wilmington mall is postponed

October 23, 2015

(StarNews, Wilmington)

The foreclosure sale of Wilmington's Independence Mall has been postponed. Originally scheduled for Thursday, the public auction has been rescheduled for Nov. 23. The mall's owner, Centro Independence, defaulted on a $110 million loan.