Triad

Veterinary supplier creating 47 jobs in Guilford County

August 22, 2014

(Winston-Salem Journal)

MWI Veterinary Supply will open a distribution center in Browns Summit by Oct. 1. The Boise, Idaho-based company will invest $3.15 million and create 47 jobs at the site. The company sells veterinary pharmaceuticals, vaccines and related products.

Guilford officials tell Greensboro Partnership not to rush in choosing new CEO

August 22, 2014

(News & Record, Greensboro)

Guilford County commissioners urged the Greensboro Partnership to take its time in hiring a new leader. The economic-development group plans to change its organizational structure following the retirement of former president and CEO Pat Danahy at the end of the year.

BB&T confirms unspecified number of job cuts

August 21, 2014

(Winston-Salem Journal)

Winston-Salem-based BB&T confirmed Wednesday that it is cutting a small percentage of its workforce, though the company declined to provide the number of affected employees or if any local or state jobs would be eliminated.

Yarn maker expanding in Burlington

August 21, 2014

(Winston-Salem Journal)

CS Carolina will invest $7.3 million and create 22 jobs at a yarn-manufacturing plant in Burlington. The company also plans to move 27 workers from Swepsonville to the Burlington plant.

Creative Loafing Charlotte sold to Triad publisher

August 20, 2014

(News & Record, Greensboro)

Jamestown-based Womack Newspapers Inc., publisher of Greensboro-based YES! Weekly, will acquire Creative Loafing Charlotte. Terms of the deal, expected to close by the end of the month, weren't disclosed.

ZeekRewards receiver looks to reclaim funds from overseas 'net winners'

August 19, 2014

(Winston-Salem Journal)

The receiver in the Lexington-based ZeekRewards.com case received permission to pursue claims from "winners" − those who had a net gain of at least $1,000 in the Ponzi scheme − in foreign countries.

Wal-Mart has until 2019 to fill distribution center jobs

August 19, 2014

(The Times-News, Burlington)

Wal-Mart has until 2019 to hire 450 workers at a new, $85 million Alamance County distribution center in order to receive local incentives. An earlier agreement with local governments would have required the retailer to fill the jobs by 2018, but that was based on an incorrect project completion date. 

 

Mount Airy's Insteel completes $36 million acquisition

August 18, 2014

(Winston-Salem Journal)

Insteel Wire Products, a subsidiary of Mount Airy-based Insteel Industries, acquired selected assets of Bedford Heights, Ohio-based American Spring Wire Corp., the largest North American maker of valve and commercial spring wire, for about $36 million.

Ebola outbreak highlights drugs made from tobacco plants

August 15, 2014

(The News & Observer, Raleigh)

Some drug companies are using "pharming" − producing medicines using genetically modified plants − to develop treatments for diseases including HIV, cancer and viruses including Ebola. Canada-based Medicago, which has a production plant at Research Triangle Park, is testing flu vaccines made with tobacco plants, and Kentucky BioProcessing, a Reynolds American subsidiary, has an Ebola treatment in development.

Drone company gives NC deadline to decide on $6M investment

August 15, 2014

(Winston-Salem Journal)

Drone-maker Olaeris has given state officials until Sept. 25 to commit to a $6 million investment in the startup company, which wants to locate a U.S. headquarters at Smith Reynolds Airport. The company, which is developing unmanned drones for use by law enforcement officials, said it will create 150 high technology jobs over five years.

Drone maker wants to bring 200 jobs to Winston-Salem

August 14, 2014

(Winston-Salem Journal)

A company that develops unmanned aircraft for use by emergency responders and law enforcement officials wants to locate its headquarters and research and development operations in the Triad. It would create about 200 high-technology jobs in its first phase. Olaeris has asked the state Commerce Department to invest $6 million in its products rather than provide traditional incentives.

Reynolds shareholder files suit to block Lorillard acquisition

August 14, 2014

(News & Record, Greensboro)

A Reynolds American shareholder filed a lawsuit in Guilford County that seeks to block the cigarette-maker's proposed acquisition of Greensboro-based Lorillard. The lawsuit claims the deal is bad for public shareholders, and that British American Tobacco, Winston-Salem-based Reynolds' largest shareholder, will benefit at their expense.

NC Biotech Center names Edgeton president

August 14, 2014

(Winston-Salem Journal)

The North Carolina Biotechnology Center named Doug Edgeton president and CEO effective Sept. 2. He was president of Piedmont Triad Research Park, now Wake Forest Innovation Quarter, from 2007 to 2012, and is presently the center's senior vice president for financial planning and development. Edgeton replaces Norris Tolson, who retired June 30.

APAC has 200 jobs to fill in High Point

August 13, 2014

(News & Record, Greensboro)

APAC Customer Services has hired more than 500 people since April and plans to hire 200 more customer-service representatives and supervisors at its High Point call center. 

Plastics manufacturer expanding in Mebane

August 13, 2014

(News & Record, Greensboro)

Nypro plans to add 50 jobs to its existing 300 following a $15 million expansion at its plastics-manufacturing plant in Mebane. The company, owned by St. Petersburg, Fla.-based Jabil Circuit Inc., will not receive any incentives for the expansion.

Sports tourism lifts economy in west Forsyth, Davie

August 13, 2014

(Winston-Salem Journal)

Recent sporting events have brought 10,000 visitors to western Forsyth and Davie counties, with an estimated economic impact of $3 million. Recent events including the Wyndham Championship, a youth soccer tournament and a cycling event have given hotels and restaurants an economic boost. 

Harvard signs with Winston-Salem's IMG College

August 12, 2014

(Winston-Salem Journal)

Harvard University signed an athletics sponsorship agreement with Winston-Salem-based IMG College, a subsidiary of IMG Worldwide Inc. The sports-marketing company represents 80 colleges nationwide and various conferences, associations and venues.

N.C. Zoo turns 40

August 11, 2014

(News & Record, Greensboro)

The state's third largest tourist attraction will celebrate its 40th birthday on Aug. 16. The N.C. Zoo in Asheboro attracts about 740,000 visitors annually and employs 260 full-time workers and 100 part-time seasonal workers.  

Greensboro leaders plan new strategies for attracting business to the area

August 11, 2014

(News & Record, Greensboro)

Greensboro business leaders hope the retirement of two top recruiting executives will provide an opportunity for a new approach in reversing the area's slow economic growth.

Honda investing $8.5 million in Alamance Co. plant

August 8, 2014

(Winston-Salem Journal)

Honda Power Equipment Manufacturing Inc. will invest $8.5 million in its 375,000-square-foot Swepsonville plant, where it employs more than 600. The company will add a new line of production for snow blowers and will prepare for production of portable generators.