Triad

Winston-Salem's Clinical Ink raises $17 million

March 23, 2015

(Winston-Salem Journal)

Clinical Ink, a Winston-Salem-based clinical-research technology firm, raised $17 million in venture-capital funding and will acquire Boston-based CentrosHealth. Founded in 2006, the company also announced it will partner with pharmaceutical company Novartis, which was drawn to the company's electronic platform for use in clinical trials.

Greensboro's Urban Loop to shape area's development

March 23, 2015

(News & Record, Greensboro)

Greensboro's 44-mile Urban Loop is expected to fuel growth in the city's suburbs and open up land for industry by improving access to Piedmont Triad International Airport.

Plastics company adding 50 jobs in Davidson County

March 20, 2015

(Winston-Salem Journal)

Thomson Plastics will add 50 jobs in Davidson County. The company will acquire a 106,200-square-foot plant previously occupied by Tarheel Plastics and invest $2.5 million in renovations and equipment. Thomson makes plastic casings for motors used in lawn mowers, golf carts and HVAC equipment.

Councill Furniture closing Denton plants

March 19, 2015

(News & Record, Greensboro)

Councill Furniture will close its Davidson County plants, where the company employs about 125 people, at the end of June. The company was recently sold to RHF Investments, and the Denton factories were not included in the transaction.

 

Packaging company adding 100 jobs in High Point

March 18, 2015

(News & Record, Greensboro)

Packrite will invest $8.9 million to expand its High Point plant and will add 100 jobs to its 78. The locally based packaging company was ranked No. 205 on the Inc. magazine's list of the 500 fastest-growing companies in the United States. Packrite makes cardboard and paperboard packaging for a variety of products.

FAA approves engines for HondaJet light aircraft

March 18, 2015

(News & Record, Greensboro)

Honda Aero received certification from the Federal Aviation Administration for the engines it produces for the HondaJet light aircraft. Burlington-based Honda Aero is the sister company of Honda Aircraft, which is building the corporate jets at Piedmont Triad International Airport in Greensboro ("Ready to Take Off," February 2014).

Susquehanna shareholders approve BB&T merger

March 17, 2015

(Winston-Salem Journal)

Shareholders of Lititz, Pa.-based Susquehanna Bancshares approved Friday a proposed merger with BB&T. The $2.5 billion deal, in which Winston-Salem-based BB&T will acquire 245 branches in Pennsylvania, Maryland, New Jersey and West Virginia, is expected to close in the second quarter.

Hanesbrands moves to S&P500

March 17, 2015

(Winston-Salem Journal)

Beginning Friday, Winston-Salem-based Hanesbrands will replace Avon Products on the S&P 500 index. The change from the S&P Midcap 400 was based on the company's market capitalization, which was $13.1 billion as of Monday. The apparel company reported Monday that CEO Richard Noll received a 9.1% salary increase for fiscal 2014.

BB&T cuts pay for CEO, other top executives

March 17, 2015

(The Charlotte Observer)

Compensation fell for BB&T's top executives after the bank's performance for return on common equity fell below what was projected. In a securities filing on Monday, the Winston-Salem-based bank said it lowered the maximum cash bonuses for top executives from 150% to 125% of their base salary. CEO Kelly King's compensation fell 8.2% to $7.2 million.

ZeekRewards receiver works to reimburse victims

March 16, 2015

(Winston-Salem Journal)

Kenneth Bell, the Charlotte-based attorney who is the court-appointed receiver in the ZeekRewards.com case, says the power of the Internet allowed the Lexington-based scheme, in which more than 800,000 people lost money, to expand into 157 countries. Owner Paul Burks' next court appearance is Monday in Charlotte.

Novant might expand in northern Virginia

March 12, 2015

The University of Virginia Health System and Winston-Salem-based Novant Health are talking about forming a regional health system in northern Virginia. The proposed agreement would involve UVA Culpeper Hospital and Novant's Virginia facilities.

Greensboro's Jim Melvin creates foundation to manage megasite

March 11, 2015

(The News & Record, Greensboro)

A foundation has been established to coordinate land purchases for a proposed 1,800-acre Randolph County megasite, which Triad leaders hope will attract an auto manufacturer. Jim Melvin, former Greensboro mayor and president of the Joseph M. Bryan Foundation, incorporated the Greensboro-Randolph Megasite Foundation on Feb. 11.

Forsyth considers $200K for Whitaker Park improvements

March 11, 2015

(Winston-Salem Journal)

Forsyth County commissioners will consider giving $200,000 to Whitaker Park Development Authority for upgrades at a building that would be used as a wet laboratory space for biotech companies. Winston-Salem has already approved $200,000 for the project. A cosmetics-sciences company that would create 56 jobs is considering moving into the space, a county official said.

Triad leaders assemble land for megasite

March 9, 2015

(Winston-Salem Journal)

Mike Solomon, economic development director for the Timmons Group, helped Triad leaders identify an 1,800-acre site in Randolph County that could attract an auto manufacturer. County commissioners spent $4.7 million last month to purchase the first 255 acres. 
Related: NC shifts into overdrive in effort to land auto plant

State Senate OKs Trudy Wade's Greensboro redistricting bill

March 13, 2015

(News & Record, Greensboro)

The N.C. Senate approved a bill proposed by Sen. Trudy Wade that would shrink the Greensboro City Council from nine to seven members, eliminate at-large members, eliminate the mayor's vote and extend council terms from two to four years. The controversial bill will move on to the N.C. House for consideration.

Targacept to be acquired by California drug company

March 6, 2015

(Winston-Salem Journal)

San Francisco-based Catalyst Biosciences will acquire Winston-Salem biotech company Targacept. Spun out of R.J. Reynolds Tobacco in 2000, Targacept's core research focuses on neuronal nicotinic receptors, which are found on cells throughout the body's nervous system. The company has reduced its workforce from 114 to about 30 employees since 2011. 

Guilford College faces $2M deficit

March 5, 2015

(News & Record, Greensboro)

Guilford College has a budget deficit of about $2 million, and President Jane Fernandes says she expects that will remain unchanged in 2015-16. The private college in Greensboro laid off 16 employees in 2012 to close a $1 million budget deficit. Fernandes says there are no plans to lay off workers this year, though most vacant positions have been left unfilled.

Stephen Colbert to speak at Wake Forest commencement

March 4, 2015

(Winston-Salem Journal)

Wake Forest University announced that comedian Stephen Colbert will speak at its commencement program in May. Colbert was host and executive producer of Comedy Central's "The Colbert Report" for nine years and soon will take David Letterman's place as host of CBS's  "Late Show." 

Greensboro-High Point MSA earns national ranking

March 3, 2015

(High Point Enterprise)

The Greensboro-High Point Metropolitan Statistical Area ranked No. 1 in the nation for new and expanded corporate facilities. The listing in Site Selection magazine includes metro areas with populations of 200,000 to 1,000,000. The area had 41 qualifying projects in 2014, including expansions by APAC Customer Service and Thomas Built Buses. 

NewBridge completes purchase of Greensboro-based Premier Commercial

March 3, 2015

(Winston-Salem Journal)

NewBridge Bancorp completed its $19.8 million acquisition of Premier Commercial Bank. The Greensboro-based bank now has $2.7 million in assets and 41 branches.