Festival organizers use studies to predict economic impact

February 27, 2014

(Asheville Citizen-Times)

Organizers of festivals and cultural events such as the upcoming Moogfest in Asheville are commissioning economic impact studies in order to secure government and private funding and to provide a benchmark for determining whether or not an event is successful.

Duke studies impact of Cherokee casino funds on families

February 27, 2014

(The News & Observer, Raleigh)

In a study of members of the Eastern Band of Cherokee Indians, Duke University researchers concluded that cash supplements from casino profits can improve the lives of children. The study followed 1,400 people in Western N.C., including 350 Cherokees tribe members. 

Montreat merger with Georgia's Point University is off

February 26, 2014

(Asheville Citizen-Times)

Point University will not merge with Montreat College, citing complications involving legal agreements and concerns about the merger from Montreat students and faculty. The merger between the East Point, Ga. university and Montreat, which has struggled financially, was announced last year.

Sierra Nevada getting closer to production at Mills River

February 20, 2014

(Hendersonville Times-News)

Sierra Nevada Brewing Co. has achieved a flavor-match between two of its brands produced at its new brewery in Mills River and at its Chico, Calif. brewery, bringing the company a step closer to full-scale production. The brewery hopes to open its doors to the public in August.

NCDOT to build bridge, new road to Cherokee casino site in Murphy

February 19, 2014

(Asheville Citizen-Times)

The N.C. Department of Transportation has awarded a Tennessee construction company a contract to build a bridge to the site of a planned casino in Murphy. The DOT will also build a road near the site of the casino and a hotel to be operated by Caesar's Entertainment Corp. The casino and hotel are expected to create 900 jobs.

Asheville's HomeTrust Bank to repurchase shares

February 17, 2014

(Asheville Citizen-Times)

HomeTrust Bancshares Inc., holding company for Asheville-based HomeTrust Bank, will repurchase 5% of the company's outstanding shares. It's the company's third repurchase plan since going public in July 2012.

Chinese importers tour North Carolina distilleries

February 14, 2014

(Lenoir News-Topic)

A group of Chinese business representatives visited Lenoir's Carolina Distillery to sample the company's apple brandy this week as part of a tour of North Carolina distilleries. The companies are looking for hand-crafted spirits and new products to bring to the Chinese market.  

Millions of dollars invested in Asheville craft breweries

February 10, 2014

(Asheville Citizen-Times)

In 2004, Highland Brewing opened Asheville's first craft brewery with three employees. Twenty years later, area breweries employ more than 250 workers, a number that should more than double when New Belgium and Sierra Nevada open operations there. 

Apple farmers, vendors share ideas at winter conference

February 7, 2014

(Hendersonville Times-News)

About 200 people attended the 2014 Winter Apple School in Flat Rock this week, where topics included cold-weather crop damage, disease prevention and marketing. Henderson County is No. 1 in the state in apple production; a bumper crop in 2013 brought in $39 million in gross revenue and provided jobs for more than 8,000 people.

Asheville's Hi-Wire named Best New Brewery

February 6, 2014

(Asheville Citizen-Times)

The website ratebeer.com has named downtown Asheville's Hi-Wire Brewing Co. the Best New Brewery in N.C. The Hilliard Ave. brewery opened just seven months ago.

Zoning approved for downtown Asheville hotel

February 6, 2014

(Asheville Citizen-Times)

Asheville's Planning and Zoning Commission approved plans for a 12-story Cambria Suites hotel to be built downtown across from the historic Grove Arcade. Developer Tony Fraga expects contruction to begin this summer.

Co-defendant in Seven Falls case gets sentence reduced

February 5, 2014

(Hendersonville Times-News)

Former bank president George Gordon "Buddy" Greenwood received a six-month reduction in a four-year prison sentence for cooperating with federal prosecutors in the Seven Falls development case. Greenwood pleaded guilty to embezzlement and money-laundering charges in June 2011.

Western NC hospital joins Mission Health

February 4, 2014

(Asheville Citizen-Times)

Highlands-Cashiers Hospital has joined Mission Health, hospital officials announced Monday. Highlands CEO Craig James will now be an employee of the not-for-profit Mission, the state's sixth largest health system.

Weddings boost Asheville economy by $75 million

February 3, 2014

(Asheville Citizen-Times)

According to market research company The Wedding Report, the Asheville area will host 3,647 weddings this year with an estimated market value of more than $75 million. The city's variety of venues and talented professional caterers, florists and photographers make it ideal as a destination for many couples from outside the area.

Asheville's Moogfest expects $30 million economic impact

January 31, 2014

(Asheville Citizen-Times)

Organizers of the revamped Moogfest music festival anticipate a $30 million economic impact for Asheville during the April 23-27 festival. This year's event will feature a two-day business expo and job fair as part of its partnership with the North Carolina Technology Association, as well as trade shows and film screenings. About 30,000 participants are expected.

New Belgium to build distribution center in Enka

January 30, 2014

(Asheville Citizen-Times)

New Belgium Brewing Co., which has a brewery under construction in Asheville, will open a distribution center in nearby Enka. The 92,975-square-foot distribution center will be built concurrently with the brewery and both are expected to open in 2015, creating a total of 140 jobs.

Asheville's FLS Energy get $30 million investment for growth

January 30, 2014

(Asheville Citizen-Times)

A group of private investors will help Asheville-based FLS Energy expand nationally with a $30 million investment. The initial investment of $18 million will help FLS construct more solar photo voltaic farms, buy existing projects and acquire other solar and related businesses.

Asheville's HomeTrust Bank expands into Tennessee

January 24, 2014

(Asheville Citizen-Times)

HomeTrust Bancshares will acquire Jefferson Bancshares, a Tennessee-based bank with 12 branches and $489 million in combined assets. The merger, expected to be completed this spring, will make HomeTrust the state's 5th largest community bank; it is currently 10th.

AdvantageWest to carry out mission without state funding

January 20, 2014

(Asheville Citizen-Times)

AdvantageWest, one of seven regional economic development partnerships that had state funding cut by 75% last year, plans to continue recruiting new businesses to Western N.C. using grants and private investment. Beginning July 1, the 20-year-old organization will lose all state funding as the Commerce Department's new public-private partnership assumes economic development responsibilities for the entire state.  

Chancellor Anne Ponder to retire from UNC Asheville

January 17, 2014

(Asheville Citizen-Times)

UNC Asheville Chancellor Anne Ponder will retire effective July 31 after nine years in the position. Ponder held the position longer than anyone else since the university's first chancellor, William Highsmith.