Triad

Novant Health could expand partnership with Georgia hospital

September 24, 2015

(Winston-Salem Journal)

Novant Health is considering expanding its partnership with Memorial Health in Savannah, Ga. The system, which provides care for about 65,000 patients annually, entered a shared-services agreement with Winston-Salem-based Novant in 2012.

$13.7M innovation center opens in Winston-Salem

September 24, 2015

(Winston-Salem Journal)

The 24,000-square-foot Center for Design Innovation officially opened Wednesday at Wake Forest Innovation Quarter. The research center, which is relocating from a temporary space in Winston Tower, was established in 2005 as a partnership between Winston-Salem State, UNC School of the Arts and Forsyth Technical Community College.

Greensboro's Cone Health plans $173M investment

September 22, 2015

(Winston-Salem Journal)

Cone Health has asked for state approval for two projects totaling $173 million. The Greensboro-based health system wants to spend $134.5 million to transfer acute-care beds and operating rooms from its Women's Hospital to its main campus and $38.5 million on a renovation at Wesley Long Community Hospital.

Triad megasite launches new website, begins utility planning

September 21, 2015

(High Point Enterprise)

More than 1,400 acres have been bought or are under contract for the proposed Greensboro-Randolph Megasite, and organizers have launched a new website to provide information for prospective employers. The city of Greensboro is developing plans for water and sewer lines at the site, which is being assembled to attract an automaker or advanced manufacturer.

McCrory visits Eden, offers support in reaction to MillerCoors plant closing

September 18, 2015

(News & Record, Greensboro)

Gov. Pat McCrory met Thursday with officials in Rockingham County to discuss the closing of MillerCoors' Eden brewery, which will result in a loss of more than 500 jobs in the small town. McCrory told reporters a team is being assembled to help affected employees and try to recruit another company that could reuse the plant, which is scheduled to close September 2016.

BB&T plans second round of jobs cuts related to Susquehanna merger

September 18, 2015

(Winston-Salem Journal)

BB&T will cut at least 126 administrative jobs in Maryland as a result of its acquisition of Susquehanna Bancshares. The Winston-Salem-based bank said earlier this month it cut 89 jobs at Susquehanna's former headquarters in Lititz, Pa.

FDA grants fast-track status to Ebola drug developed by Reynolds subsidiary

September 18, 2015

(Winston-Salem Journal)

An experimental Ebola treatment co-produced by Reynolds American subsidiary Kentucky BioProcessing has received fast-track designation by the Food and Drug Administration.

Wake Forest to offer undergrad classes at Innovation Quarter

September 17, 2015

(Winston-Salem Journal)

Undergraduate students at Wake Forest University could begin taking classes at downtown Winston-Salem's Wake Forest Innovation Quarter by January 2017. The university has leased a space that is undergoing renovations for science classrooms that could accommodate up to 350 students by 2021.

Lawmakers sending High Point market more spending money

September 17, 2015

(The Winston-Salem Journal)

High Point's furniture market is receiving an additional $544,528 for annual marketing initiatives for the next two fiscal years under the budget under review by the N.C. General Assembly. Overall, the authority that operates the semiannual trade show is getting $1.2 million overall in marketing funding for each year from the N.C. Commerce Department and $1.2 million from the N.C. Department of Transportation. An initial budget by Gov. Pat McCrory did not include more money for the market, which has an overall economic impact of more than $5 billion annually, according to a 2013 Duke University study.

Greensboro approves incentives for Qorvo expansion

September 16, 2015

(News & Record, Greensboro)

The Greensboro City Council voted unanimously to award $544,279 in incentives to semiconductor company Qorvo, which plans to build a $25 million, 150,000-square-foot research and development center and create 100 jobs with an average annual salary of $80,000.

FDA bans sale of four RJ Reynolds cigarette products

September 16, 2015

(Winston-Salem Journal)

The U.S. Food and Drug Administration has prohibited the sale of four R.J. Reynolds Tobacco cigarette brands. The agency said the company failed to show that the brands, which include Camel Crush Bold and two Pall Mall products, do not raise different questions of public health when compared to existing products.

MillerCoors to close Eden brewery; 520 to lose jobs

September 15, 2015

(Winston-Salem Journal)

Chicago-based MillerCoors announced it will close its Eden brewery in September 2016 as part of a consolidation of its East Coast distribution operations. The brewery, which opened in 1978, employs 520 workers. MillerCoors is Rockingham County's third largest private employer.

Lumber company expanding in Lexington

September 15, 2015

(The Dispatch, Lexington)

Carter Lumber will open a new manufacturing facility in Lexington where it could create 38 jobs over two years. The privately held Ohio-based company will make trusses, engineered wood products and millwork for builders at the site. Carter has five locations in Charlotte and the Triad.

BB&T cuts jobs at Susquehanna headquarters

September 14, 2015

(The Winston-Salem Journal)

BB&T Corp. cut at least 89 back-office job positions at the former Lititz, Pa., headquarters of Susquehanna Bancshares Inc. BB&T bought Susquehanna in August for $2.5 billion, its largest bank acquisition. Susquehanna employed about 3,500 employees when the deal closed. BB&T employs more than 3,800 in the Triad.

Former Yadkinville hospital workers sue operator

September 14, 2015

(Winston-Salem Journal)

Three former employees of Yadkin Valley Community Hospital are suing its Kansas City-based operator on behalf of 150 workers who lost their jobs when the hospital shut down in May. The three employees, whose titles were not disclosed, said CAH Acquisition violated federal law by failing to provide a 60-day notice of the layoffs as well as benefits including access to COBRA insurance.

Greensboro continues investigation of former PTP chief executive

September 14, 2015

(News & Record, Greensboro)

The Greensboro Police Department is continuing its investigation of former Piedmont Triad Partnership CEO David Powell. The economic-development group reported in May financial irregularities involving Powell, who resigned in January. Howard Neumann, an assistant district attorney for Guilford County, said the investigation is "complex and time-consuming." The IRS is also auditing documents related to the case.

Guilford mulls incentives for Qorvo expansion

September 11, 2015

(High Point Enterprise)

Greensboro-based semiconductor company Qorvo would invest $25 million and create 100 new jobs through 2018 at its site in western Greensboro. The new jobs would pay an average annual salary of $80,000. Guilford County is considering an incentives request of up to $333,750 for the expansion.

High Point University breaks ground on its biggest project

September 10, 2015

(News & Record, Greensboro)

High Point University broke ground Wednesday on an $88 million health-sciences building that also will house the Triad's first pharmacy school. The 220,000-square-foot building is expected to open in 2017. The two schools are expected to attract an additional 700 students. HPU currently enrolls 4,600 students.

Krispy Kreme shares fall after disappointing 2Q report

September 10, 2015

(Winston-Salem Journal)

Shares of Krispy Kreme Doughnuts fell as much as 16.5% in after-hours trading following a second-quarter report that failed to meet analysts' expectations. CEO Tony Thompson said weak results in consumer packaged goods dragged down profits in the company stores segment. The Winston-Salem-based company reported a 5.6% increase in revenue and net income of $5.92 million compared with $5.75 million a year ago.

Heritage Home names new CEO

September 9, 2015

(High Point Enterprise)

Heritage Home Group named Pierre de Villeméjane president and CEO. He has served on the High Point-based furniture company's board since November 2013 and was most recently CEO of WWRD Holdings Limited and Speedline Technologies. HHG brands include Thomasville, Broyhill and Drexel Heritage.