Triad

Texas Pete introduces new sriracha hot sauce

December 30, 2013

(The Winston-Salem Journal)

Winston-Salem-based T.W. Garner Food Co. has released a new hot sauce called CHA! by Texas Pete. The new sauce, made with sriracha, a chile-garlic sauce that originated in Thailand, is typically used on Asian foods but is now used by many Americans on eggs, french fries and hamburgers.

Winston-Salem heating/AC company makes another acquisition

December 30, 2013

(The Winston-Salem Journal)

Logan Heating, Air Conditioning and Electrical has acquired Newland-based Avery Heating and Air Conditioning for an undisclosed amount. This is Logan's second acquistion in two years; it bought Angler Electric in 2012.

First HondaJet to be delivered in early 2015

December 23, 2013

(The News & Record, Greensboro)

Honda Aircraft announced Friday it expects to deliver its first HondaJet plane in early 2015 after receiving an authorization from the Federal Aviation Administration that means it is ready to enter its final phase of testing. HondaJet is being built at Piedmont Triad International Airport.

Zeek Rewards auction raises $750,000

December 20, 2013

(The Lexington Dispatch)

An auction of items previously owned by Rex Venture Group, the parent company of Lexington-based Zeek Rewards, including two buildings, furniture and electronic equipment, raised about $750,000. Proceeds will go toward repayments for more than 100,000 people who lost money in the alleged Ponzi scheme

Crisco files campaign paperwork for Congressional bid

December 20, 2013

(The News & Observer, Raleigh)

While he hasn't made a formal announcement regarding his intentions, former Commerce secretary Keith Crisco filed paperwork with the Federal Election Commission for a committee called Crisco for Congress. The Asheboro native would run next year for the 2nd District seat currently held by U.S. Rep. Renee Ellmers.

BB&T to buy 21 Citigroup branches in Texas

December 19, 2013

(The Winston-Salem Journal)

BB&T Corp. will acquire 21 Citigroup branches in Texas for $36 million, a deal which includes all of its locations in San Antonio and Austin. The deal, which is expected to close in the second quarter of 2014, will give BB&T the 20th largest market share in Texas, up from the 38th position.

Bank of North Carolina grows with purchase of two community banks

December 19, 2013

(The Charlotte Observer)

High Point-based BNC Bancorp announced it will acquire the parent company of Home Savings Bank of Albemarle for $23.7 million in a cash and stock deal and the parent company of Chapel Hill-based Harrington Bank for $24.2 million.

Novant Health to build children's hospital in Savannah, GA

December 19, 2013

(The Winston-Salem Journal)

Novant Health will partner with Savannah, Ga.-based Memorial Health to build a $28 million children's hospital. The commitment is an expansion of an operational partnership Winston-Salem-based Novant formed with the academic medical center beginning in August 2012.

Boeing to issue short list of potential plant sites

December 18, 2013

(The News & Record, Greensboro)

Boeing issued a statement saying it will reveal a short list of potential sites for a new $10 billion manufacturing plant for its 777X airplanes this week. The aircraft manufacturer took applications from 22 states offering 54 sites just last week, including three in North Carolina.

FAA approves HondaJet engine

December 17, 2013

(The News & Record, Greensboro)

The Federal Aviation Administration has certified the airworthiness of the GE Honda Aero Engine, which will power Honda Aircraft Co.'s light jets that are being built at Piedmont Triad International Airport. Honda expects to deliver its first HondaJet at the end of 2014.

Targacept reports failed clinical trial for schizophrenia drug

December 17, 2013

(The Winston-Salem Journal)

Targacept, a Winston-Salem-based biopharmaceutical company, announced negative results of a second clinical trial for a drug it was developing to treat symptoms of schizophrenia. Targacept's share price fell 32% in after-hours trading following the announcement Monday.

Triad has most of what Boeing wants for new plant

December 16, 2013

(The News & Record, Greensboro)

While North Carolina may not offer as large of an incentive package as some other states, local economic developers hope Greensboro will have the right site for Boeing's new 777X passenger-jet manufacturing plant.

Costs could be high for ambitious "Project Haystack"

December 16, 2013

(The News & Record, Greensboro)

"Project Haystack," the ambiguous economic development project proposed for a 1,000-acre tract in rural Guilford Couny, is a high-risk plan, with the potential for great reward, that has become the county's biggest political issue going into 2014.

Two Triad marketing firms to merge

December 16, 2013

(The Winston-Salem Journal)

Greensboro-based The Sales Factory, a marketing firm which also has offices in New York and San Francisco, will acquire Winston-Salem-based Woodbine, a brand revitalization agency, for an undisclosed amount. The new firm will be based in Greensboro and employ 54 full- and part-time workers. The Sales Factory represents clients including Wake Forest University and Sherwin-Williams.

Herbalife amends employment projections at Winston-Salem plant

December 12, 2013

(The Winston-Salem Journal)

Los Angeles-based Herbalife said it expects to have 60 full-time employees by year-end at its Winston-Salem manufacturing plant, substantially less than the 250 announced in June. The company now expects to complete hiring its projected 493 employees by the end of 2015; it previously said it would reach full production in July 2014.

Davidson County CC joins national program to train older workers for new jobs

December 12, 2013

(The Winston-Salem Journal)

Davidson County Community College joined a two-year grant program that is part of a national effort to train 10,000 baby boomers for new jobs. The Plus 50 Encore Completion Program focuses on workforce training for adults 50 and older, particularly in the fields of health care, education and social services.

Davie County EDC announces $1 million capital campaign

December 11, 2013

(The Winston-Salem Journal)

Davie County's Economic Development Commission hopes to raise $1 million by the end of February in a capital campaign that will help it recruit and retain new business. The campaign has already raised $544,500, but was just announced to the public last week.

Towns approve incentives for Walmart distribution center in Alamance County

December 10, 2013

(The Burlington Times-News)

Graham and Mebane city councils approved incentives for a new Walmart distribution center in Hawfields, the retailer's fourth in the state. The company must hire 450 employees by 2018 under the agreement. Average salary for the jobs will be $35,374 when the center opens, which is expected to be in summer or fall of 2016.

Novant Health forms strategic partnership with Roanoke Rapids hospital

December 9, 2013

(The Winston-Salem Journal)

Winston-Salem-based Novant Health Inc. will provide management services to Roanoke Rapids' Halifax Regional Medical Center for one year, beginning in March. Novant has pledged $35 million for capital investments for Halifax over the next five years. 

Greensboro joins cities vying for Boeing plant

December 6, 2013

(The News & Record, Greensboro)

According to a city council member, Greensboro officials are putting together a proposal to recruit a new Boeing plant to the Piedmont Triad International Airport. Charlotte is also among the 40 cities reported to be considering a proposal for a plant to manufacture Boeing's 777X jetliner.