Eastern

Duke Energy selects Lumberton site for possible development

April 15, 2014

(The Fayetteville Observer)

Duke Energy Progress has hired a consulting group to study a 257-acre site in Robeson County for a potential industrial or manufacturing project. The Lumberton site is one of five in the state chosen by the utility as part of its 2014 Site Readiness Program.

New owner of Smithfield Foods to hold IPO

April 15, 2014

(StarNews, Wilmington)

The Chinese company that bought Smithfield Foods last year will hold an initial public offering on the Hong Kong Stock Exchange. WH Group hopes to raise up to $5.3 billion, much of which will be used to pay off debts related to the Smithfield purchase. Shares are expected to start trading on April 30.

Two more environmental groups oppose sale of N.C. State research forest

April 14, 2014

(Jacksonville Daily News)

Audobon North Carolina and the North Carolina chapter of the Sierra Club have joined at least nine other environmental groups opposed to the prospective sale of Hofmann Forest in Onslow and Jones counties. N.C. State University announced plans in October to sell the land, previously used for research and education, to an Illinois-based agribusiness for $150 million.

PBS series filmed in Kinston wins Peabody Award

April 10, 2014

(StarNews, Wilmington)

The PBS series featuring Kinston chef Vivian Howard and the restaurant she co-owns with Ben Knight, Chef and the Farmer, won a Peabody Award, which recognizes excellence in broadcasting. A Chef's Life joins top-rated TV shows including ABC's Scandal and AMC's Breaking Bad in receiving the awards, which will be presented at a May 19 ceremony in New York. 

Walsh resigns as CEO of Wilmington's AAIPharma

April 10, 2014

(Greater Wilmington Business Journal)

The chief executive of Wilmington-based AAIPharma Services Corp. has stepped down. Patrick Walsh led the company through its merger with Wisconsin-based Cambridge Major Laboratories last year, and had planned to leave the position after the transition. Susan Nestegard was named interim CEO.

Comedy featuring Kristen Wiig, Allison Janney to film in Wilmington

April 10, 2014

(Greater Wilmington Business Journal)

A new movie titled The Heart, starring Kristen Wiig, will film in Wilmington. Pre-production of the comedy, which will also star Allison Janney and Sam Rockwell, is set to begin in May.

Pig virus still affecting NC farms; pork prices rising

April 9, 2014

(The News & Observer, Raleigh)

North Carolina is among four states that have been most affected by porcine epidemic diarrhea, the fast-spreading virus that is fatal to young piglets. The U.S. Department of Agriculture says the virus is responsible for a 3% reduction in the nation's pig population and pork prices have risen 10% or more.

General Assembly refutes film study, says incentives cost state $33 million

April 8, 2014

(StarNews, Wilmington)

A review of a film-incentive study released last week questions its conclusions and claims North Carolina lost $33.1 million in local and state tax revenue in 2012 due to the incentives. The state General Assembly's Fiscal Research Division re-evaluated the study performed by an N.C. State professor, and its findings dispute the study's claim the state made a profit of $25.4 million from tax revenue.

Dredging to improve port prospects at Morehead City

April 7, 2014

(Carteret County News-Times)

The U.S. Army Corps of Engineers will begin dredging in Beaufort Inlet today. The $7.9 million project will allow ships leaving the N.C. Port of Morehead City to carry more cargo by increasing the channel's depth to 43 feet. Sand removed from the inlet will be moved to beaches along Bogue Banks. 

NCDOT to create 24-county free trade zone in Eastern NC

April 7, 2014

(Greater Wilmington Business Journal)

The N.C. Department of Transportation announced last week the creation of a 24-county free trade zone in Eastern N.C. that includes New Hanover, Brunwick and Pender counties. The zoning will enable companies designated as FTZ sites to defer duty taxes on products until the products leave the zone.

Political ads target Republican senators for support of fracking

April 7, 2014

(The Sanford Herald)

A pro-environment group which includes the Southern Environmental Law Center is behind new politcal ads labeling three Republican state senators as "The Fracking Crew." The ads target Harnett County's Sen. Ronald Rabin, Wake County's Sen. Chad Barefoot and Sen. Wesley Meredith of Cumberland County, condemning the trio for their support of hydraulic fracturing.

Economist predicts slow growth for Wilmington area

April 4, 2014

(Greater Wilmington Business Journal)

A PNC economist said Wilmington will experience economic growth but it will take it a year longer than the rest of North Carolina to completely climb out of the recession. Mekael Teshome said the area must attract higher-wage industries instead of relying on hospitality and retail.  

Chairman of NC Ports Authority resigns

April 3, 2014

(Greater Wilmington Business Journal)

In a letter to Gov. Pat McCrory earlier this week, Danny McComas resigned as chairman of the North Carolina Ports Authority. He has served as chairman of the board since his appointment in 2012; his term was to expire in 2016. McComas did not give a reason for his resignation. The Ports Authority named Paul Cozza its new executive director last week.

Air Force outlines reasons for closing Fort Bragg's 440th Airlift Wing

April 3, 2014

(The Fayetteville Observer)

Air Force officials provided details about its decision to deactivate Fort Bragg's 440th Airlift Wing as part of its 2015 budget proposal, saying moving the unit to Little Rock Air Force Base will save it 600 positions. The deactivation would eliminate more than 1,400 jobs at Fort Bragg's Pope Field.

Offshore drilling could create hundreds to thousands of new jobs

April 2, 2014

(StarNews, Wilmington)

N.C. State professor Michael Walden says offshore drilling for oil and natural gas along the North Carolina coast could create a few hundred to several thousand jobs. The potential number of jobs would depend on a number of factors, including available quantities, pricing, advanced technologies and environmental impact. 

Pipe-maker to cut 90 jobs at Brunswick County plant

April 1, 2014

(StarNews, Wilmington)

Victaulic will cut 90 jobs over the next seven months at its pipe-manufacturing plant in Leland. The company will move rubber-molding and press-fit operations to Mexico. 

Halifax Regional has major economic impact on county

April 1, 2014

(The Daily Herald, Roanoke Rapids)

Halifax County's largest employer had an economic impact of more than $152 million on the area in 2012, according to a study UNC Chapel Hill performed with the medical center. The 204-bed hospital employs 759 people.

GlaxoSmithKline expanding at Zebulon manufacturing plant

March 31, 2014

(The News & Observer, Raleigh)

GlaxoSmithKline will hire 60 to 75 new workers during the next month at its manufacturing plant in Zebulon as it expands production of several new drugs. GSK employs about 4,500 at its North American headquarters at Research Triangle Park and about 450 at the manufacturing support center in Zebulon.

Wilson Medical Center announces new chief executive

March 31, 2014

(The Wilson Times)

William E. "Bill" Caldwell was named CEO of Wilson Medical Center. He replaces Rick Hudson, who retired when the 294-bed hospital joined Duke LifePoint March 1. Caldwell was previously chief operating officer of Salem, Va.-based LewisGale Medical Center. 

Cozza selected to lead N.C. State Ports Authority

March 31, 2014

(StarNews, Wilmington)

The N.C. State Ports Authority named Paul Cozza its new executive director. Cozza, a U.S. Army veteran, previously served in various roles at Maersk Line Limited and CSX Corporation/Sea-Land Service Inc.