Asheville's low wages linked to GDP

July 20, 2015

(Asheville Citizen-Times)

Workers in the Asheville area earn less than people living in other regions because its employers don't produce "high-value" products, local economists say.

Asheville's Moogfest moving to Durham in 2016

July 15, 2015

(Asheville Citizen-Times)

Moogfest, the music and technology festival held in downtown Asheville since 2008, will move to Durham in 2016, event organizers said Tuesday. "That city is exploding with technology, innovation, startups, and it just makes sense for Moogfest to be there," Emmy Parker, creative director of Moog Music, said.

Asheville has $1B in commercial projects in pipeline

July 13, 2015

(Asheville Citizen-Times)

Commercial real-estate developers have about $1 billion of projects planned for the Asheville area over the next five years, including hotels, retail space, offices and apartments.

Morganton plant sold; most jobs retained

July 13, 2015

(The News Herald, Morganton)

Louisville, Ky.-based Sypris Solutions has sold its Morganton manufacturing plant to Meritor, its largest customer, for $14.5 million. Meritor offered jobs to 117 of 140 workers who were employed at the plant, which makes components for commercial and industrial vehicles.

GE Aviation opens West Jefferson plant, touts importance of EXIM Bank

July 10, 2015

(StarNews, Wilmington)

While urging Congress to restart the federal Export Import Bank, GE Aviation held a grand opening of its West Jefferson machining factory on Thursday. The company has hired 45 workers and plans to hire an additional 60 by 2017 at the $65 million plant. The Ashe County plant is part of GE's previously announced statewide expansion that will account for more than 240 new jobs.

Asheville hotel sells for $33 million

July 10, 2015

(Asheville Citizen-Times)

Summit Hotel Properties paid about $33 million for the 115-room Hotel Indigo in downtown Asheville. The seller was Pennsylvania-based Hospitality Lodging Investors. Austin, Texas-based Summit plans to invest about $400,000 in capital improvements over the next year.

Buncombe adding fewer middle-class jobs

July 9, 2015

(Asheville Citizen-Times)

Asheville and Buncombe County added fewer middle-class jobs over the last five years when compared with jobs in the highest and lowest wage ranges, according to a new report. Nearby Henderson County experienced identical job growth across all three wage ranges.

Manufacturer adding 86 jobs in Shelby

July 2, 2015

(The Shelby Star)

Metal Works Manufacturing Co. will invest $3.9 million and add 86 jobs within the next three years. If it meets job-creation targets, the company will be eligible for $1.3 million in state incentives over 12 years.

Carpet manufacturer expanding in Rutherford County

June 30, 2015

(RC Catalyst)

White Oak Carpet Mills will add 40 jobs at its carpet- and rug-manufacturing operations in Rutherford County. The company will invest more than $4.1 million over three years in Spindale, where it has being making rugs for 16 years. White Oak is a division of Wichita, Kansas-based CAP Carpet.

Hi-Wire Brewing set to unveil new Asheville brewery

June 29, 2015

(Asheville Citizen-Times)

Hi-Wire Brewing will open its new, $3 million brewery near Asheville's Biltmore Village on July 25. The new facility will allow the beer company to boost annual production from 5,000-6,000 barrels to 55,000 barrels.

Small businesses await change as AdvantageWest winds downs operations

June 26, 2015

(Asheville Citizen-Times)

AdvantageWest began the complicated task of finding homes for its many economic-development programs before the organization announced it would close by year-end. Nonprofit Mountain BizWorks will acquire the Advantage Opportunity Fund, which provides loans to startups, and the ScaleUp WNC small-business consulting program.

Seven Falls developer sentenced to federal prison

June 26, 2015

(Asheville Citizen-Times)

Keith Vinson, 56, was sentenced to 18 years in prison for his involvement in the Seven Falls development scheme in Henderson County, in which alleged conspirators had "straw borrowers" take out loans they did not intend to repay to buy lots in an upscale golf community.

Duralee Fine Furniture adding 41 jobs in Morganton

June 25, 2015

(The News-Herald, Morganton)

Duralee Fine Furniture is expanding in Burke County and plans to add 41 new jobs at its 180,000-square-foot plant. A division of Bay Shore, N.Y.-based Duralee Fabrics, the company received a $410,000 grant from the N.C. Rural Infrastructure Authority for renovations to the building, which was built in 1963.

Mills River cidery preps for production

June 25, 2015

(Hendersonville Times-News)

Bold Rock Hard Cider expects to begin production at its new, 22,500-square-foot Mills River facility by the end of the summer. The Virginia-based company plans to use Henderson County apples in its hard cider.

A-B Tech closing Enka campus

June 23, 2015

(Asheville Citizen-Times)

Asheville-Buncombe Technical Community College will close two buildings on its Enka campus by the end of September as part of a cost-cutting effort. The Enka campus houses programs including a small business incubator and craft beverage institute; President Dennis King said the school will try to relocate as many programs as possible.

TE Connectivity meets goal of adding 40 jobs in Buncombe County

June 22, 2015

(Asheville Citizen-Times)

Buncombe County commissioners awarded TE Connectivity more than $37,000 in incentives in exchange for the company creating 40 jobs in Fairview over the last two years.

Asheville's 5x5 economic-development plan exceeds goals

June 19, 2015

(Asheville Citizen-Times)

Since July 2010, 36 companies have invested more than $1 billion and created 6,385 jobs in the Asheville region, according to the Asheville-Buncombe County Economic Development Coalition. The activity exceeded the goals of Asheville's 5-year economic-development plan, which aimed to create 5,000 jobs and draw $500 million in capital investment in five target sectors.

Oskar Blues ramps up production at Brevard brewery

June 11, 2015

(Asheville Citizen-Times)

With a 30% increase in annual sales, Oskar Blues Brewery in Brevard will increase capacity from 85,000 barrels to 210,000 barrels. Construction on the project, which includes a 17,000-square-foot building addition and an expanded wastewater treatment building, is expected to be complete in six months.

Montreat College welcomes students from Florida school

June 10, 2015

(Asheville Citizen-Times)

Montreat College has extended an offer for students of the shuttered Clearwater Christian College in Florida to transfer without delaying graduation or incurring additional costs. Each Clearwater student would receive a $6,000 award in addition to other financial aid for which the student may be eligible.

Asheville breweries pay living wage to retain, attract employees

June 8, 2015

(Asheville Citizen-Times)

More than a dozen breweries in the Asheville area pay their employees a certified living wage, while others strive to pay workers fair wages in a competitive industry and an expensive housing market. The Asheville Brewers Alliance estimates local brewers employ more than 1,000 people.