Triad

Thomasville will offer incentives for company expansion

January 24, 2014

(The Winston-Salem Journal)

The Thomasville City Council approved incentives of up to $350,000 for an unnamed company that wants to expand there. The company has vowed to create 50 jobs and invest at least $25 million over five years.

New Jersey diagnostics firm to acquire Solstas Lab Partners

January 23, 2014

(The News & Record, Greensboro)

Madison, N.J.-based Quest Diagnostics, a diagnostic information services company for the health care industry, will acquire Greensboro-based Solstas Lab Partners for $570 million. Solstas employs 3,800 people in nine states. It is unknown whether any North Carolina jobs will be affected by the acquisition.

Heritage Home Group closing Thomasville Furniture plants

January 22, 2014

(The Winston-Salem Journal)

The president of Heritage Home Group, which bought Furniture Brands International in November, announced plans to close two Thomasville Furniture plants in Thomasville by March 21, laying off 84 employees. Employees were told operations at Heritage's plants in Hickory and Lenoir would not be affected. 

California franchisee to open 20 more Krispy Kreme shops

January 22, 2014

(The Winston-Salem Journal)

A franchisee which already operates 11 Krispy Kreme doughnut shops in Southern California plans to open 20 more there over the next seven years. California currently has 26 Krispy Kreme shops, followed by Florida with 25 and North Carolina with 24.

More claim determinations to be sent out in Zeek Rewards case

January 21, 2014

(The News & Record, Greensboro)

The receiver for Lexington-based ZeekRewards.com said it is preparing to send out email notices of determination to another group of individuals who filed 40,000 claims related to the Ponzi scheme. About 80,000 such notices were sent out earlier in January. 

New effort underway to obtain land for Triad megasite

January 20, 2014

(The Winston-Salem Journal)

A group of Triad business leaders has begun contacting landowners in northeast Randolph County to see if they are willing to sell their properties so the land could be used to develop a megasite to attract a major automotive manufacturer.

American Airlines to begin flights from PTI to New York LaGuardia

January 20, 2014

(The News & Record, Greensboro)

Piedmont Triad International Airport will gain additional flights to New York's LaGuardia Airport beginning in April. American Airlines announced it will begin the service to LaGuardia, PTI's most popular destination, though it is unclear how many flights it will add.

Brewery to open in downtown Greensboro this summer

January 16, 2014

(The News & Record, Greensboro)

Gibb's Hundred Brewing Company will open in downtown Greensboro in July in a 6,675-square-foot space. The brewery, which will feature a 99-seat taproom, expects to produce 5,000 barrels of beer a year.

President stepping down at Wake Forest Baptist

January 15, 2014

(The Winston-Salem Journal)

Dr. Thomas Sibert will retire from his management roles as president and chief operating officer of Wake Forest Baptist Medical Center effective March 1. The center has named Dr. Karen "Bobbi" Carbone as his successor. Carbone will serve as an executive vice president and chief operating officer.

Krispy Kreme develops vegetarian doughnut for Indian shops

January 15, 2014

(The Winston-Salem Journal)

Winston-Salem-based Krispy Kreme has created an eggless doughnut to appeal to customers in India, where it plans to expand its footprint to 35 stores over the next several years.  A spokeswoman said the company is researching options for offering a vegetarian doughnut domestically as well.

Elon University announces new dean of law school

January 15, 2014

(The Times- News, Burlington)

Elon University has named Luke Bierman as the new dean of its law school, effective June 1. Bierman is currently an associate dean at Northeastern University School of Law in Boston.

Business activity in Triad leading to faster economic growth

January 14, 2014

(The News & Record, Greensboro)

Lower unemployment rates, higher retail sales and an improved housing market are helping speed growth in the Triad area's economy, according to the Triad Business Index, which measures the level of economic activity in the eight-county area and is produced by UNC Greensboro and Dixon Hughes Goodman.

Advocacy group pressuring apparel companies to raise wages in Haiti

January 13, 2014

(The Winston-Salem Journal)

A labor advocacy group is urging three large apparel companies, including Winston-Salem-based Hanebrands, to comply with a new daily minimum wage for workers in Haiti and ensure they are paid overtime if their daily job quotas require more than eight hours. 

Four Oaks Bank to pay penalty over transfers in Ponzi scheme

January 10, 2014

(The Lexington Dispatch)

Four Oaks Bank will pay a $1.2 million penalty for allowing money from those involved in the Zeek Rewards Ponzi scheme to move through it. The small bank made the settlement with the federal government without admitting any wrongdoing or liability; prosecutors said the bank and its holding company failed to adequately investigate customers.  

Greensboro's RF Micro to offer products for in-car Wi-Fi

January 8, 2014

(The Winston-Salem Journal)

Greensboro chip-maker RF Micro Devices says it will begin offering devices that help enable in-car Wi-Fi to support a new automotive trend. The company said several global auto manufacturers including Audi and General Motors have announced plans to include Wi-Fi hotspots in their 2015 models.

High-tech clothing company declines Greensboro incentive

January 7, 2014

(The News & Record, Greensboro)

Gerbing has declined to accept a $150,000 incentive approved by the Greensboro City Council in August to move its business to a downtown property, though the city's attorney says the high-tech clothing company is still interested in moving its headquarters from Stoneville to Greensboro.

Elon University buys more downtown Greensboro property

January 3, 2014

(The News & Record, Greensboro)

Elon University has purchased eight Greensboro properties which complete a square block near its law school. According to a univesity press release, the school has no immediate plans for the properties and will continue to lease them to existing businesses. 

Guilford commissioners to take on challenging issues in 2014

January 2, 2014

(The News & Record, Greensboro)

Property tax reform, schools and the indeterminate economic-development project dubbed Project Haystack will be the biggest political issues for the Guilford County Board of Commissioners in 2014. 

High Point report: Orders for home furnishings up 5.4%

January 2, 2014

(The Winston-Salem Journal)

According to a report from a HIgh Point-based financial services company, orders for home furnishings increased to $1.95 billion in October, 5.4% over the same period a year ago.  

Yadkin Financial's longtime director resigns

December 31, 2013

(The Charlotte Observer)

According to a securities filing, Elkin-based Yadkin Financial Corp.'s director James N. Smoak is leaving the board following a disagreement over growth strategy. Smoak had served on the bank's board since 1987.