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.
June 30, 2015
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.
June 29, 2015
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.
June 26, 2015
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.
June 26, 2015
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.
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.
June 25, 2015
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.
June 23, 2015
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.
June 22, 2015
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.
June 19, 2015
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.
June 11, 2015
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.
June 10, 2015
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.
June 8, 2015
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.
June 5, 2015
AdvantageWest will cease operations by year-end after 21 years. The regional economic-development group, which represents 23 counties in western N.C., is working to transfer its programs to other nonprofits in the region.
June 4, 2015
AvL Technologies will create 90 new jobs in an expansion of its Asheville plant, where it makes mobile satellite antenna systems. Buncombe County commissioners approved incentives of more than $300,000 for the 21-year-old company. AvL will invest at least $11.5 million in facility improvements.
June 3, 2015
Three people involved in the Seven Falls real-estate and bank fraud case were sentenced to prison on Tuesday. Eight people have received prison time in the case, which involved a failed residential development in Henderson County. Developer Keith Vinson is scheduled to be sentenced June 25.
June 2, 2015
Asheville-Buncombe Technical Community College will lay off six employees and cut another four jobs through attrition as a result of an unexpected budget shortfall. The college will receive less state funding than expected due to a 4% drop in student enrollment.
May 29, 2015
(The Watauga Democrat)
Construction of Chestnut Ridge at Blowing Rock, a health care facility on 68 acres that will replace Blowing Rock Hospital and an extended-care center, is moving ahead of schedule and is now 47% complete.
May 28, 2015
Local job growth – which is twice the national average over the last year, according to an economist with Nationwide Insurance – and steep rents are contributing to a strong housing market in Asheville.
May 20, 2015
Duke Energy Progress said Tuesday it will close its 376-megawatt, coal-fired power plant at Lake Julian within five years. The utility will build a new 650-watt, natural gas-fired plant that also will utilize solar energy. Duke plans to invest $1.1 billion in the project, which includes a new transmission substation in South Carolina. Pending state regulatory approval, the new plant could go online by 2020.