Eastern

UNCW marine biotech campus get its first tenant

November 19, 2013

(StarNews, Wilmington)

Medical skin-care company Ocis Biotechnology has moved into one of 13 labs in UNC Wilmington's marine biotechnology campus. The $30 million MARIBONC campus will allow university researchers to partner with businesses, providing the school opportunities to make money on its academic research.

Brunswick County approves incentives for Lee Controls

November 19, 2013

(StarNews, Wilmington)

Brunswick County commissioners approved up to $85,000 in incentives for Piscataway, N.J.-based Lee Controls, which plans to relocate its headquarters to Southport. The company, which makes ball bearings and other motion components, will spend $2.46 million and create 77 jobs over the next three years.

More than one-third of state military contracts awarded in Cumberland County

November 18, 2013

(The Fayetteville Observer)

An N.C. Department of Commerce report shows that 35% of defense contracts awarded in North Carolina in 2012 were in Cumberland County, home to Fort Bragg military base. The county received more than $1.2 billion out of $3.44 billion military contratcts statewide.

Prospectus shows company buying Hofmann Forest plans large-scale development

November 15, 2013

(The News & Observer, Raleigh)

Plaintiffs in the lawsuit opposing the sale of N.C. State University's Hofmann Forest say they have obtained a document indicating the buyer is planning a development that would include more than 2 million square feet of commercial space and 10,500 homes. Plans for an expansive farm were also revealed, contradicting statements made by the buyer that it intends to leave the land unchanged.

Fayetteville's Bosh Global to add 32 jobs

November 14, 2013

(The Fayetteville Observer)

Bosh Global Services, a drone technology company based in Newport News, Va., will expand its workforce in Cumberland County, adding 32 jobs to the 10 it already has there, and invest $400,000 over the next three years. The new jobs will pay an average salary of $85,000.

Energy company adjusts plans for Carteret County wind farm

November 12, 2013

(Carteret County News-Times)

Torch Renewable Energy LLC has modified its plans for a proposed wind and solar farm in Newport, decreasing the number of turbines from 50 to 40 and moving the locations of some of the turbines to accomodate Marine Corps Air Station Cherry Point. Plans for the project also include a 50- to 75-acre solar farm.

Wilmington conference designed to boost international trade

November 12, 2013

(Greater Wilmington Business Journal)

The first-ever N.C. Foreign Trade Promotion Conference will be held Wednesday and Thursday in Wilmington. The objective of the conference, which will be attended by local and state officials, is to educate businesses from the Wilmington area and throughout the state about available resources and how to enter the international marketplace.

FSU offers early college graduates chance to complete degrees debt-free

November 12, 2013

(The Fayetteville Observer)

Fayetteville State University is offering graduates of its early college program full scholarships to stay at the school and complete their bachelor's degrees. FSU is one of 76 early colleges in the state, which allows high school students to take high school and college courses and earn up to 60 credit hours.

Corning to cut 181 steel union members in Wilmington

November 11, 2013

(StarNews, Wilmington)

The United Steelworkers Union said Corning Inc. will cut 181 of its members at the optical-fiber-maker's plant in Wilmington. Corning announced last Thusday it was cutting 250 people worldwide due to stagnant growth in the fiber market; it now appears the bulk of those cuts will be in Wilmington. 

Pantry stores fundraiser helps NC military support organizations

November 11, 2013

(The Fayetteville Observer)

Cary-based Pantry Inc. raised more than $770,000 at its Kangaroo Express stores for four North Carolina-based military support groups, including The Patriot Foundation and the USO of N.C. The annual Salute Our Troops campaign raised almost $2.7 million in 13 states through customer donations.

Corning to lay off workers in Wilmington

November 8, 2013

(StarNews, Wilmington)

Glass-fiber-maker Corning Inc. will lay off 250 worldwide, including an unspecified number at its plant in Wilmington. A Corning spokesman said the cuts are necessary since worldwide market growth for the company's fiber products did not meet expectations for 2013.

Invista will lay off 100 in Wilmington by year-end

November 7, 2013

(StarNews, Wilmington)

Invista SARL will lay off 100 workers at its Wilmington plant due to decreased demand for one of its products manufactured there. Invista is owned by Kansas-based Koch Industries, and produces polymers and fibers including Lycra and Stainmaster Carpet at locations worldwide.

Brunswick to provide $85,000 incentive for manufacturer

November 4, 2013

(StarNews, Wilmington)

Brunswick County will offer up to $85,000 for New Jersey-based Lee Controls to prepare its new Southport headquarters. The company, which makes ball bearings and other motion components, plans to spend $2.46 million and create 77 jobs over the next three years.

Train ridership up among North Carolina residents

November 4, 2013

(The Fayetteville Observer)

According to the N.C. Department of Transportation, the state's passenger trains are setting ridership and revenue records. It's the fourth straight year of growth for the state-supported Piedmont, which travels between Charlotte and Raleigh, and the Carolinian, which covers the same route but continues to New York City.

Cape Fear Valley Health System to receive $57.3 million USDA loan for Hoke hospital

November 1, 2013

(The Fayetteville Observer)

Cape Fear Valley Health System will receive a loan of $57.3 million from the United States Department of Agriculture to help finance construction of its new 41-bed hospital in Hoke County. It is the largest loan ever granted by the government agency. Construction is expected to be complete by next fall, and the hospital will employ about 350 when open.

Wilmington's PPD to receive local incentives despite falling short of jobs goal

November 1, 2013

(StarNews, Wilmington)

Pharmaceutical research company PPD will receive $2 million in incentives from Wilmington and New Hanover County despite failing to meet a jobs benchmark. PPD exceeded its target of making an $80 million investment in its downtown Wilmington location by more than $30 million, yet fell shy of its jobs creation benchmark of 1,857 full-time employees.

Fort Bragg medical center to cut civilian jobs in 2014

October 31, 2013

(The Fayetteville Observer)

Fort Bragg's Womack Army Medical Center has received orders to reduce its civilian workforce from nearly 2,900 to 2,340 next year, including 179 medical support assistants.

Wilmington firm sells The Forum shopping center for $24.7 million

October 31, 2013

(Greater Wilmington Business Journal)

Two pension groups have purchased The Forum, a 105,000-square-foot boutique shopping center in Wilmington, for $24.7 million, or $233 per square foot. Wilmington-based Swain and Associates developed the property in phases beginning in 1998. The center is 99 percent occupied.

NCSU approves sale of Hofmann Forest to Illinois firm

October 30, 2013

(The News & Observer, Raleigh)

Hofmann Forest, a 79,000-acre tract near Jacksonville owned by a nonprofit supporting N.C. State's College of Natural Resources, will be sold to an Illinois-based agribusiness for $150 million. A group of conservationists, forestry experts and landowners opposed to the sale were surprised by the announcement and will continue to pursue a lawsuit to block it.

New Hanover maintenance contractor to lay off 97

October 29, 2013

(StarNews, Wilmington)

Mundy Maintenance, Services and Operations LLC filed a notice with the N.C. Department of Commerce indicating it will lay off 97 workers in New Hanover County by the end of the year. The maintenance contractor says the affected workers are contract employees at a Wilmington manufacturing site where there has been a "curtailment in production."