Eastern

NCDOT contracts with company to operate rail spur serving Global TransPark

December 8, 2015

(The Sun Journal, New Bern)

Gulf & Ohio Railways will operate a 5.7-mile rail spur that will connect freight from the Global TransPark in Kinston to New Bern and Port of Morehead City. The cost of the project is $14.3 million.

UNC Pembroke startup incubator seeking applications

December 7, 2015

(The Fayetteville Observer)

UNC Pembroke's $1.2 million entrepreneurship incubator will officially open for business following a ribbon-cutting on Monday. The Robeson County facility, which was aided by grants from the U.S. Department of Commerce, the Golden Leaf Foundation and others, includes space for nine tenants. The incubator is seeking applications from interested startups.

Wilmington's LIve Oak Bank exits SBLF program

December 4, 2015

(Greater Wilmington Business Journal)

Live Oak Bank has paid the U.S. Treasury $6.8 million to exit the Small Business Lending Fund program, which was established in 2010 to provide capital to community banks to encourage small business lending. Eight North Carolina-based banks have been a part of the program.

State OKs removal of wet coal ash at Wilmington plant

December 4, 2015

(WRAL.com)

The state issued the first permit allowing Duke Energy to begin draining coal-ash ponds at its Sutton power plant near Wilmington. Dry ash is already being removed from Sutton and three other plants; this is the first permit for removing wet ash.
Related: NC regulators find violations at another Duke coal-ash deposit site

New Jersey tech firm moving headquarters to Brunswick County

December 1, 2015

(Wilmington Star-News)

MicroSolv Technologies is moving its New Jersey headquarters to Brunswick County, drawn by lower costs, CEO Bill Ciccone said. The company will break ground on its new offices in Leland Business Park on Dec. 2. MicroSolv plans to employ 15 people at the 11,000-square-foot headquarters. Construction should be complete by April.

Greenville names new economic-development manager

November 30, 2015

(The Daily Reflector, Greenville)

Roger Johnson will replace Carl Rees, a City of Greenville employee for 18 years, as head of economic development. Johnson, currently special assistant for development for the City of Wilmington, worked for Progress Energy, now Duke Energy Progress, from 2003-10.

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