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Western

No end in sight for migration to Asheville

January 30, 2015

(Asheville Citizen-Times)

Asheville's population is growing at a rate of about three people a day, and the city will gain about 3,000 new apartment units over the next two years. The metro area, which includes Buncombe, Haywood, Henderson and Madison counties hasn't lost population in more than four decades.

Asheville Outlets to open May 1

January 29, 2015

(Asheville Citizen-Times)

Asheville Outlets, an open-air shopping center featuring about 75 retail shops, will open May 1. A job fair will be held March 26, though some stores are already hiring for management positions.

Asheville City Council considers 477 new apartments

January 27, 2015

(Asheville Citizen-Times)

Asheville City Council could approve two apartment projects totaling 477 units at its Tuesday meeting. A group of local residents have expressed concern over the 309-unit Biltmore Apartments, which they say will cause increased traffic and will be priced too high for the Oakley and East Asheville area.

Caterpillar to close Franklin plant, lay off 150 people

January 19, 2015

(Winston-Salem Journal)

Caterpillar will close its plant in Franklin, idling 150 workers by the end of next year. Opened in the early 1990s, the Macon County plant makes seals for heavy equipment. The Peoria, Ill.-based company said it will try to help workers find jobs at other plants.

Asheville Angels makes first investment in Plum Print

January 19, 2015

(Asheville Citizen-Times)

Asheville Angels has made its first investment, totaling more than $100,000, in Plum Print, a two-year-old local business that turns children's artwork into books. The group of angel investors was formed last year to invest in startups in the Asheville area and across the Southeast.

Rutherford County's first solar farm producing on target

January 19, 2015

(The Daily Courier, Forest City)

Rutherford County's first solar farm is up and running, and Asheville-based FLS Energy, which built the farm and leases the property, is talking with local economic-development officials about building a second farm. The 15-acre solar array is projected to produce enough electricity to power 300 to 350 homes.

Small Western NC breweries grow, thrive near larger ones

January 19, 2015

(Hendersonville Times-News)

Small craft breweries in Henderson and Transylvania counties are thriving in the shadow of Asheville (known as Beer CIty USA) and larger brewers such as Sierra Nevada, Oskar Blues and New Belgium. 

Leader says Asheville needs to appeal to both locals and visitors

January 16, 2015

(Asheville Citizen-Times)

The president of a downtown advocacy group says Asheville needs to be more welcoming to locals, who often avoid downtown on the weekends due to crowds of tourists and parking concerns.

Mission Health addresses care deficit in Haywood County

January 15, 2015

(Asheville Citizen-Times)

Mission Health says its new outpatient-care clinic in Haywood County will provide basic health care in an area that is underserved. The Asheville-based health-care system expects to serve 5,000 patients annually at the new medical-office building in Clyde, which is expected to be completed by fall.

Restaurants, art studios planned building in Asheville's River Arts District

January 13, 2015

(Asheville Citizen-Times)

The architect and developer of Asheville's River Arts District project plans art studios, restaurants, a rooftop bar and other food-related businesses at the 60,000-square-foot 95 Roberts St. building. 

Biotech company to hire 65 in Asheville

January 12, 2015

(Asheville Citizen-Times)

White Labs will invest $8.1 million and hire 65 workers over five years in Asheville. The San Diego, Calif.-based biotech company makes yeast for beer and other alcoholic drinks.

Thousands seek jobs at annual recruiting event in Western NC

January 8, 2015

(Asheville Citizen-Times)

Thousand of people turned out Wednesday for the annual Asheville Area Chamber of Commerce job fair, where 98 employers were looking to fill about 6,000 positions. The Asheville MSA, which includes Buncombe, Haywood, Henderson and Madison counties, had the state's lowest unemployment rate in November.

Asheville-based Ingles stock hits record high

January 8, 2015

(Asheville Citizen-Times)

Shares of Asheville-based Ingles Markets closed at $40.90 on Monday, setting a record high for the grocery-store chain, and trading volume was about five times its normal pace. Ingles stock has risen about 43% over the past month.

Tupelo Honey introduces new menu

January 7, 2015

(The Charlotte Observer)

Asheville-based Tupelo Honey Cafe is updating its menu, bar menu and interior look to appeal to a new generation of diners, the company said in a news release. Started in 2000 in Asheville, the company now has eight locations in the Carolinas and Tennessee and will expand to Virginia later this year.

Mission Health ends contract with American Red Cross

January 5, 2015

(The Sylva Herald)

Mission Hospital announced a new contract with South Carolina-based The Blood Connection, which provides blood and blood-related products. The Asheville-based health system says the contract will allow it to cut costs because the South Carolina nonprofit charges 15% less than the national average. Mission said the Red Cross was unable to meet its blood demands.

Tourism, breweries and manufacturing boost Asheville economy

January 2, 2015

(Asheville Citizen-Times)

Tourism led the Asheville area's economy in 2014, where at least six new hotels are planned or under construction. Other jobs announcements included multiple brewery expansions and manufacturing expansions by GE Aviation and Linamar.

Wong passes torch to daughter at Highland Brewing

January 2, 2015

(Asheville Citizen-Times)

Oscar Wong is stepping down as president of Highland Brewing, the Asheville based company he founded 20 years ago. His daughter, Leah Wong Ashburn, will run the craft brewery while Wong will remain as chairman. 
Read more about Highland Brewing, Business NC's Small Business of the Year

Campaign underway to increase solar projects in Western NC counties

December 22, 2014

(The Watauga Democrat)

A local effort is underway to install as many rooftop solar systems as possible in Ashe, Avery and Watauga counties before North Carolina's 35% renewable-energy tax credit expires Dec. 31, 2015. Clean Energy for Boone will offer subsidies of up to $1,500 to homeowners and businesses who participate in its program.

$26M Cherokee Justice Center opens

December 18, 2014

(The Sylva Herald)

The Eastern Band of Cherokee Indians opened a $26 million justice center Wednesday near downtown Cherokee. The 76,000-square-foot center will house a tribal police station, courthouse and a 96-bed jail.

Greensboro hotel group proposes 104-room Asheville hotel

December 18, 2014

(Asheville Citizen-Times)

Asheville's hotel boom continues with a proposal for a five-story, 104-room hotel near Merrimon Avenue and Interstate 240. Greensboro-based CN Hotels owns the property, which would be developed by a Greensboro-based group listed as Asheville Property. The city's zoning commission is scheduled to review the project Jan. 7. 

Charlotte

CommunityOne eyes acquisitions

January 30, 2015

(The Charlotte Observer)

After posting five profitable quarters in a row, Charlotte-based CommunityOne Bank is looking to acquire or merge with other lenders. The bank, formed in 2013 after merging with Bank of Granite, plans to close six branches this year in a cost-cutting effort.

Five defendants sentenced in Operation Wax House

January 30, 2015

(The Charlotte Observer)

Five defendants were sentenced for their role in the Operation Wax House mortgage-fraud case in south Charlotte and Waxhaw. According to the United States Attorney's Office of the Western District of N.C., 89 people have pleaded guilty or have been convicted since the investigation began in 2007. 

Family Dollar CEO selling company shares

January 30, 2015

(The Charlotte Observer)

The CEO of Family Dollar Stores plans to divest 1 million to 2 million shares of the Matthews-based company's stock over the next 10 days. Howard Levine currently owns about 7.8% of the company's outstanding stock and is its largest individual shareholder.

NASCAR Hall sponsorships drop to $110,000

January 29, 2015

(The Charlotte Observer)

Sponsorship revenue at the NASCAR Hall of Fame in Charlotte has dropped from $1.5 million in 2012 to $110,000 for the fiscal year beginning in July, which could help explain why Bank of America and Wells Fargo agreed to write off $17.6 million in debt and accrued interest from a museum loan.

Rite Aid moving 350 jobs from Charlotte to SC

January 29, 2015

(The Charlotte Observer)

Rite Aid will close its Charlotte distribution center and consolidate operations in a $90 million center it is building in Spartanburg, S.C. Affected workers can apply for jobs at local Rite Aid stores or at the new South Carolina location, which is expected to open by March 2016.

Other Mecklenburg towns want Google Fiber

January 29, 2015

(The Charlotte Observer)

Mecklenburg County residents outside of Charlotte − including in Huntersville and Mint Hill − want Google to bring its ultrafast Internet network to their towns as well. About 200,000 of the county's nearly 1 million residents live outside of the city limits.

Hickory-based CommScope buying TE Connectivity units

January 28, 2015

(Winston-Salem Journal)

CommScope Holding will pay about $3 billion for TE Connectivity's telecommunications, enterprise and wireless businesses. The deal, expected to close by year-end, will allow the Hickory-based company to expand its geographic footprint.

Hedge fund sells Family Dollar shares

January 28, 2015

(The Charlotte Observer)

Trian Fund Management sold about 6 million shares of Matthews-based Family Dollar Stores, reducing its ownership stake from 8% to about 2%, according to a securities filing Tuesday. A separate SEC filing showed that 89% of the discount retailer's shares who voted approved its pending $8.5 billion sale to Chesapeake, Va.-based Dollar Tree.

Carolinas HealthCare's contract with insurer set to expire

January 28, 2015

(The Charlotte Observer)

Carollinas HealthCare System's contract with insurer UnitedHealthcare will expire Feb. 28 if the two companies are unable to strike a deal. Negotiations began last fall, but the insurance company says there are still two points of disagreement.

Sonic Automotive looks to expand in 2015

January 27, 2015

(The Charlotte Observer)

Sonic Automotive plans to acquire more auto dealerships and expand its chain of EchoPark used-car retail stores. The company plans to spend $200 million on real estate and buildings in 2015. Charlotte-based Sonic has more than 100 dealerships in 14 states, mostly in the Southeast and Southwest. 

Charlotte, Triangle await Google announcements this week

January 26, 2015

(The Charlotte Observer)

Officials in Charlotte received a "Save the Date" invite from Mountain View, Calif.-based Google for a reception Wednesday evening. Raleigh-Durham officials also received invitations to a similar event on Wednesday afternoon. Google is considering Charlotte and seven Triangle cities for deployment of its Google Fiber high-speed Internet service, which is nearly 100 times faster than traditional broadband.

Bank of America expanding into Colorado, Minnesota

January 26, 2015

(The Charlotte Observer)

Bank of America held a grand opening for its first branch in Colorado, the first new market the bank has entered since 2003. The Charlotte-based bank also plans to open its first branch in Minnesota in the second quarter.

Family Dollar shareholders approve sale to Dollar Tree

January 23, 2015

Family Dollar Stores Inc. shareholders voted Thursday to approve the sale of the Matthews-based discount retailer to Chesapeake, Va.-based Dollar Tree Inc.
Related: Next for Family Dollar: Completing the deal

Charlotte distribution center sells for $52M

January 23, 2015

(The Charlotte Observer)

The 1.1-million-square-foot Logistics Pointe distribution center in southwest Charlotte has sold for more than $52 million. A joint venture of LRC Opportunity Fund and New York Life Real Estate Investors bought the complex, which was once occupied by grocer Winn-Dixie before it declared bankruptcy.

Charlotte mayor wants DOT to study opening I-485 lane

January 23, 2015

(The Charlotte Observer)

Charlotte Mayor Dan Clodfelter says he plans to ask the N.C. Department of Transportation to consider opening an additional lane on Interstate 485, which was one of the state's most congested highways before an $82 million widening project added a new lane in each direction last month. That project included the addition of an extra-wide shoulder that the DOT plans to convert to a toll road in about five years.

Chiquita says leaving Charlotte will cost up to $40 million

January 22, 2015

(The Charlotte Observer)

Chiquita Brands International said exiting Charlotte will cost it $25 million to $40 million, including employee severance and relocation expenses and breaking its lease, which runs through 2025. The produce company also will refund about $2 million in state and local incentives. Closing its headquarters will take between 12 and 18 months, Chiquita said in a securities filing.

Indian drug-maker mulls Monroe plant expansion

January 22, 2015

(The Charlotte Observer)

Glenmark Pharmaceuticals is considering a $9.5 million expansion of its new Monroe plant, which isn't scheduled to begin production until April. The Mumbai, India-based company announced in July it would invest $17 million in the manufacturing plant, where it will make generic drugs. Union County and Monroe unanimously approved incentives for the expansion.

Toshiba names new leader for Charlotte-based business

January 22, 2015

(The Charlotte Observer)

Toshiba named Ali Azad president and CEO of Charlotte-based Toshiba America Energy Systems, which was formed as part of a corporate reorganization and combines three of the Japanese company's existing businesses. Azad was president of Massachusetts-based BHI Energy. The new company will employ about 500 people.

Duke Energy's sale of Midwestern power plants delayed

January 21, 2015

(The Charlotte Observer)

Duke Energy's $2.8 billion sale of 10 Midwestern power plants to Houston-based Dynegy has been delayed after a federal agency asked for a more detailed economic analysis of the deal. The sale was expected to close by February, but the companies no longer expect to complete the deal before the end of the first quarter, Duke said in a securities filing. 

Grant Thornton name's Charlotte's Moore CFO

January 21, 2015

(The Charlotte Observer)

Grant Thornton named Billy Moore chief financial officer, effective Aug. 1. Moore, 62, is the professional standards partner for the Chicago-based accounting firm's Carolinas practice. Like Grant Thornton CEO Mike McGuire, Moore is based in Charlotte.

Triad

Hanesbrands reports 177% increase in net income

January 30, 2015

(Winston-Salem Journal)

Hanesbrands reported a 177% increase in net income for the fourth quarter, to $89.4 million compared with $32.3 million a year ago. The Winston-Salem-based company's recent acquisitions of Maidenform Brands and DBApparel bolstered revenue, which was up 18.4% to $1.52 million for the quarter.

Ecolab adding 45 jobs in Greensboro

January 29, 2015

(News & Record, Greensboro)

Ecolab will add invest $10 million and add 45 jobs over three years in its Kay Chemical business in Greensboro. The company makes cleaners for restaurants and convenience stores and employs more than 490 people.

BB&T resolves account-balance issue

January 29, 2015

(Winston-Salem Journal)

BB&T said a glitch that caused its website to display incorrect account balances has been resolved. A spokesman said the issue, which began over the weekend, was not the result of a cybersecurity attack. 

Shareholders approve tobacco merger

January 29, 2015

(Winston-Salem Journal)

Shareholders overwhelmingly approved Reynolds American's proposed $27.4 billion acquisition of rival tobacco company Lorillard. Pending FTC approval, the companies expect the deal to close in the first half of this year.

Shareholders to vote on tobacco merger

January 28, 2015

(The News & Observer, Raleigh)

Shareholders of Reynolds American and Lorillard are scheduled to vote Wednesday on their proposed $25 billion merger. The tobacco companies announced in July plans for Winston-Salem-based Reynolds to acquire Greensboro-based Lorillard and sell some of the companies' brands to Imperial Tobacco Group for $7.1 billion ("Buying a Brand," August 2014).

Eden says rivers 'thriving'

January 28, 2015

(News & Record, Greensboro)

Nearly a year after coal ash spilled into the Dan River from a nearby Duke Energy steam station (cover story, April 2014), officials from Eden say their rivers are "thriving." 

BNC Bancorp reports record profit in fourth quarter

January 27, 2015

(Winston-Salem Journal)

BNC Bancorp, the High Point-based parent of Bank of North Carolina, reported profit of $8.5 million in the fourth quarter, an increase of 160% over the same period a year ago. Net income for the fiscal year rose 81.6% to $29.4 million. BNC will have about $4.9 billion in assets after it completes a pending $101.3 million acquisition of Roanoke, Va.-based Valley Financial Corp.

High Point's Cornerstone losing 25 doctors

January 27, 2015

(High Point Enterprise)

More than two dozen doctors will leave Cornerstone Health Care by early March. Three years ago, the High Point-based physicians group changed the fee and compensation structure for its member doctors. The group has more than 375 physicians in more than 90 practices, according to its website.

BB&T confirms job cuts

January 26, 2015

(Winston-Salem Journal)

BB&T said it has cut 1,440 full-time jobs – 4.3% of its workforce – since March 2014 as part of a restructuring. A spokeswoman for the Winston-Salem-based bank says the majority of the cuts are from attrition. 

La-Z-Boy closure shows risk of economic incentives

January 26, 2015

(High Point Enterprise)

Unlike Charlotte, which had a clawback provision in its incentives deal with Chiquita Brands International, High Point stands to lose money when La-Z-Boy closes its regional corporate office over the next two years. The city expects to lose $300,000 to $400,000 of the $600,000 incentives deal with the furniture manufacturer.

Krispy Kreme adding shops in Russia

January 22, 2015

(Winston-Salem Journal)

Winston-Salem-based Krispy Kreme Doughnuts will add 15 doughnut shops over five years in the St. Petersburg area of Russia through an agreement with its Moscow-area franchise partner.

Federal approval of tobacco merger advancing

January 21, 2015

(Winston-Salem Journal)

Reynolds American and Lorillard said in a joint regulatory filing they are cooperating with the Federal Trade Commission and approval of their $27 billion deal is advancing. Wells Fargo Securities analyst Bonnie Herzog said she believes the FTC could approve Winston-Salem-based Reynolds' acquisition of Greensboro-based Lorillard as soon as March or April.

PART moving a step closer to new Triad bus terminal

January 21, 2015

(High Point Enterprise)

The Piedmont Authority for Regional Transportation could open a new bus terminal and maintenance center in fall 2016. The group is about to complete a purchase of the last parcel of land on the 7-acre site in west Greensboro.

Stanley Furniture to bring back youth product lines

January 20, 2015

(Winston-Salem Journal)

Stanley Furniture announced it will revive its youth and nursery furniture lines as an import business less than a year after ending domestic production and laying off 400 workers at its Robbinsville plant (Statewide, May 2014). The High Point-based company ended domestic production of its adult furniture lines in 2010.

Ralph Lauren distribution center to open in September

January 20, 2015

(High Point Enterprise)

Construction on Ralph Lauren's 843,000-square-foot distribution center in High Point is on schedule, with a targeted completion date of September. The New York-based apparel company hasn't said how many jobs it will create when the center opens.

Krispy Kreme reveals expansion plans

January 19, 2015

(Winston-Salem Journal)

Krispy Kreme Doughnuts unveiled expansion plans for fiscal 2016 and beyond at an investor conference last week. The Winston-Salem-based company projects a net gain of 20 to 35 domestic stores in fiscal 2016, which begins Feb. 1, and expects to add at least 200 international shops by the end of fiscal 2017.

Project announced for former Pilot Life campus in Greensboro

January 16, 2015

(News & Record, Greensboro)

The owner of the former Pilot Life insurance campus in Greensboro's Sedgefield neighborhood wants to partner with other developers on a mixed-use community that would blend residential and commercial projects, possibly including a hotel, at the 142-acre site. 

Winston-Salem finance committee approves loan for spec building

January 15, 2015

(Winston-Salem Journal)

Winston-Salem's finance committee approved a request for a $2.5 million loan to build a 50,000- to 60,000-square-foot speculative building at Union Cross. The Winston-Salem City Council will consider the request at its Tuesday meeting.

Olde Mecklenburg Brewery adding Triad distribution center

January 14, 2015

(News & Record, Greensboro)

Charlotte-based Olde Mecklenburg Brewery is opening a 50,000-square-foot distribution warehouse in Greensboro with a focus on expanding its customer base in the Triad.

Fresh Market CEO resigns

January 13, 2015

(News & Record, Greensboro)

Craig Carlock has resigned as president and CEO of The Fresh Market, the company announced Monday. The board of the Greensboro-based grocer named Sean Crane, executive vice president and chief operating officer, interim CEO and has retained a national search firm to find a permanent replacement. 
Related: "Behind the Checkout Counter," May 2013

Triangle

Biogen Idec adding 100 jobs in Triangle

January 30, 2015

(The News & Observer, Raleigh)

Biogen Idec plans to add 100 jobs in Durham and Morrisville to meet demand for its products, which include treatments for multiple sclerosis and hemophilia. The Cambridge, Mass.-based biotech company employs 1,300 in the Triangle.

Citrix to lay off 900 workers

January 30, 2015

(The News & Observer, Raleigh)

Citrix Systems plans to lay off 900 of its 9,500 workers worldwide, though it's unclear whether any of the software company's 600 workers in Raleigh will be affected. Santa Clara, Calif.-based Citrix acquired Raleigh-based Sharefile in 2011 and opened a new, 170,000-square-foot office in the city's warehouse district last fall.

Duke Realty selling Triangle office buildings for $1.1B

January 29, 2015

(The News & Observer, Raleigh)

The Triangle's second-largest landlord will sell all 23 of its local office buildings as part of a $1.1 billion portfolio sale that includes 62 properties in four states. Indianapolis-based Duke Realty will sell the properties, including Morrisville's Perimeter Park, to a joint venture led by Starwood Capital Group.

SAS revenue reached $3.09 billion in 2014

January 29, 2015

(The News & Observer, Raleigh)

SAS' 2014 revenue totaled $3.09 billion, up from $3.02 billion in 2013. Revenue from the Cary-based software company's cloud business rose 24% in 2014. SAS added 193 workers last year at its headquarters, where it employed 5,353 at year-end.

IBM layoffs have begun at RTP

January 29, 2015

(The News & Observer, Raleigh)

Job cuts are underway at IBM locations across the nation, including at Research Triangle Park. The company previously confirmed it would lay off thousands of workers, though it declined to provide details. For the last several years, IBM has refused to disclose how many workers it has at RTP or details of past layoffs.

IBM union reports job cuts to begin Wednesday

January 28, 2015

(WRAL TechWire)

Many IBM employees have told a workers' union that layoffs related to a restructuring will begin Wednesday. The Armonk, N.Y.-based technology company confirmed Monday it plans to cut 10,000 jobs worldwide, though it is unknown how many will be in the United States.

Cree LED bulbs to light up the Super Bowl

January 28, 2015

(The News & Observer, Raleigh)

When the New England Patriots face the Seattle Seahawks at Sunday's Super Bowl XLIX , 44,928 Cree LED bulbs will light up Arizona's University of Phoenix Stadium. The Durham company's 312 LED fixtures are 75% more energy efficient and provide double the illumination of traditional fixtures.

IBM calls report of massive layoffs 'baseless'

January 27, 2015

(The News & Observer, Raleigh)

IBM denied a Forbes report that said it planned to lay off one-fourth of its workforce, or more than 100,000 people. The Armonk, New York-based tech company employs several thousand people in Research Triangle Park.

Yadkin Financial reports net income of $14.7M

January 27, 2015

(The News & Observer, Raleigh)

Raleigh-based Yadkin Financial reported $14.7 million in fourth-quarter net income. The parent of Yadkin Bank, which was formed in July when Raleigh-based VantageSouth Bank merged with Elkin-based Yadkin Bank, added $332.6 million in new loans and commitments in the fourth quarter.
Related: Read Yadkin Financial CEO Scott Custer's latest BankNotes blog post: Remaining Community

Staffing firm to cut 319 jobs at Cree manufacturing site

January 27, 2015

(The News & Observer, Raleigh)

A Raleigh-based staffing agency plans to lay off 319 contract employees working at a manufacturing plant for Durham-based Cree. The jobs being eliminated are temporary positions. The LED-lightbulb manufacturer employs more than 2,600 in the Triangle; those jobs are unaffected by the layoffs. 

Rooms to Go's Dunn distribution center to open in August

January 26, 2015

(The Fayetteville Observer)

Rooms to Go plans to open its second-largest U.S. distribution center in August along Interstate 95 near Dunn. The 1.45-million-square-foot center will create about 225 jobs. 

Raleigh ranked among 50 fastest-growing economies

January 23, 2015

(The News & Observer, Raleigh)

Raleigh ranked No. 41 on a list of the world's 50 fastest-growing economies. The Capital City was one of only four U.S. cities included in the report, released by the Brookings Institution. Austin, Texas (No. 38), Houston, Texas (No. 39) and Fresno, Calif. (No. 49) also made the list, which was led by the China's Macau.

Durham's Square 1 Bank reports record net income in fourth quarter

January 22, 2015

(The News & Observer, Raleigh)

Square 1 Financial reported net income of $9.5 million in the fourth quarter, compared with $8.8 million in the previous quarter. The Durham-based bank, which lends money and provides other banking services to venture-capital firms, said net income for 2014 rose 54% compared with 2013, to $34.1 million.

Chapel Hill's Milton Julian dies at 96

January 22, 2015

(The News & Observer, Raleigh)

Milton Julian, who owned the iconic Milton's Clothing Cupboard in downtown Chapel Hill from 1948 until 1992, died Saturday. He was 96. 

Report: Salix hires investment firm to explore potential sale

January 21, 2015

(The News & Observer, Raleigh)

Salix Pharmaceuticals has hired Centerview Partners to explore options for the Raleigh-based drugmaker, including a possible sale, according to a Reuters report. Salix CEO Carolyn Logan announced her retirement earlier this month, leading to speculation that the company was looking to be acquired.

Raleigh delays decision on Airbnb

January 21, 2015

(The News & Observer, Raleigh)

Raleigh City Council will let a committee study whether to legalize Airbnb and other short-term home-rental companies. The committee will be led by Councilwoman Mary Ann Baldwin, who has supported local users of Airbnb, which allows homeowners to rent their houses to travelers for nightly stays.

Raleigh may spend extra $16M on Union Station

January 21, 2015

(The News & Observer, Raleigh)

Increased property values and unexpected costs have brought the cost of Raleigh's planned Amtrak station and transit hub to $84 million. If Raleigh City Council doesn't approve the extra funds, the city may have to eliminate or postpone elements in the project's master plan. Construction is scheduled to begin in March.

Raleigh City Council to consider legalizing Airbnb

January 20, 2015

(The News & Observer, Raleigh)

At its Tuesday meeting, Raleigh City Council will consider whether to legalize online services such as Airbnb, which allows homeowners to rent their houses to travelers on a nightly basis. 

INC Research names first-ever president

January 20, 2015

(The News & Observer, Raleigh)

Alistair Macdonald was named the first president INC Research, the Raleigh-based contract research organization that went public in November. Macdonald has been chief operating officer since January 2013 and has been with the company since 2002. INC employs 5,400 people worldwide, including 850 in the Triangle.

Salix headquarters building sells for $27M

January 19, 2015

(The News & Observer, Raleigh)

The 127,000-square-foot Raleigh office building that is home to Salix Pharmaceuticals has sold for $27.45 million. Virginia-based Allegiancy acquired the property, which is off Six Forks Road near I-540.

Eastern

Novant to manage Lenoir Memorial Hospital

January 30, 2015

(The News & Observer, Raleigh)

Lenoir Memorial Hospital plans to sign a management agreement with Winston-Salem-based Novant Health this spring. Under the terms of the initial proposal, Gary Black will remain CEO of the 261-bed hospital. Lenoir posted an operating loss of nearly $14 million over the last five years, according to public filings.

Job cuts likely at Goodyear's Fayetteville plant

January 29, 2015

(The Fayetteville Observer)

Goodyear Tire & Rubber may be laying off at least 30 to 40 of its 2,500 workers at its Fayetteville tire-manufacturing plant, according to source at the company. Goodyear has not confirmed the job cuts.

Belhaven, Vidant approve plans for 24-hour clinic

January 28, 2015

(The Daily Reflector, Greenville)

The town of Belhaven reached an agreement with Vidant Health that will allow the Greenville-based health system to begin construction of a $4.2 million, 24-hour clinic that will serve Hyde and Beaufort counties. The town and the NAACP are still awaiting a decision from a federal complaint they filed over Vidant's decision last year to close Vidant Pungo Hospital.

Obama proposes drilling off NC coast

January 28, 2015

(The Charlotte Observer)

The Interior Department proposed offering one lease for drilling for oil or natural gas off the coast of the Carolinas, Georgia or Virginia in 2021. The site would be at least 50 miles from the coast, and drilling would begin only after environmental studies are completed. Coastal towns that rely on tourism dollars have passed resolutions opposing the practice. 
Also: Obama fires first in coming 'battle royal' over Atlantic drilling

GE Nuclear Fuel unit secures $100M contract

January 27, 2015

(Greater Wilmington Business Journal)

Global Nuclear Fuel, the GE-led joint venture of Hitachi and Toshiba, received a contract worth more than $100 million to provide fuel for a nuclear station in Nebraska through 2034. The fuel will be manufactured at GNF's Castle Hayne campus near Wilmington.

Wilmington's nCino makes Forbes 'Most Promising Companies' list

January 26, 2015

Wilmington-based nCino was the only North Carolina business to make Forbes' recent list of America's Most Promising Companies. nCino ranked 93rd on the list, which includes private companies generating less than $300 million annually and considers revenue growth, employee growth, capital raised and management, among other factors.

County officials surprised over CFCC president's resignation

January 26, 2015

(Greater Wilmington Business Journal)

Trustees provided few details regarding Cape Fear Community College President Ted Spring's abrupt resignation on Thursday, while county commissioners expressed surprise and concern over Spring's departure. 

Duke Energy plans 13-megawatt solar farm in Onslow County

January 26, 2015

(Winston-Salem Journal)

Through a partnership with the U.S. Navy and U.S. Marine Corps, Duke Energy will build a 13-megawatt solar project at Camp Lejeune. The 80-acre project could provide enough power for about 3,000 homes.

CFCC president resigns

January 23, 2015

(StarNews, Wilmington)

Ted Spring resigned as president of Cape Fear Community College after a little more than two years in the position. Amanda Lee, vice president for instructional services, will become interim president.

Hoke County may try to lure chicken plant

January 22, 2015

(WRAL.com)

Donald Porter, executive director of the Raeford-Hoke Economic Development Commission, calls Hoke County a "poultry-friendly community" and says his phone has been ringing off the hook from residents wanting to know if the county will try to lure Mississippi-based Sanderson Farms. Hoke County has lost hundreds of jobs over the last two years as House of Raeford closed its local turkey plants ("Turkey trot," January).

Vertex Rail to ramp up hiring in February

January 22, 2015

(StarNews, Wilmington)

Vertex Rail Technologies CEO Don Croteau said the company will begin hiring production workers in February and will build its first sample rail car in March or April. Vertex plans to invest $60 million and hire 1,300 people at the former Terex plant in Wilmington. Croteau says potential revenues could total $600 million to $800 million.

Wilmington gains daily flights to Atlanta, New York

January 22, 2015

(Greater Wilmington Business Journal)

American Airlines will resume a second flight from Wilmington International Airport to New York City in February, and Delta will increase its daily flights to Atlanta from five to six in March.

New Hoke County hospital could open by March

January 22, 2015

(The Fayetteville Observer)

Construction is almost complete at Cape Fear Valley Health's Hoke County hospital, which could open its doors in February or March. The 41-bed hospital is less than 3 miles from FirstHealth of the Carolinas' eight-bed hospital that opened in October 2013.

Cumberland commissioners approve hearing for chicken plant

January 21, 2015

(The Fayetteville Observer)

Cumberland County commissioners approved a public hearing for a Sanderson Farms chicken-processing plant that could create 1,000 jobs, though the Mississippi-based company says it is no longer interested in building a plant there. 

ECU chancellor says medical school at risk

January 21, 2015

(The Daily Reflector, Greenville)

ECU Chancellor Steve Ballard said the Brody School of Medicine's ability to train doctors is threatened by the state legislature's rejection of Medicaid expansion, which restricts federal funding.

Fayetteville commissioners may revive chicken plant proposal

January 20, 2015

(The Fayetteville Observer)

Cumberland County commissioners may vote for a third time Tuesday on holding a public hearing for incentives for a proposed Sanderson Farms chicken plant that would create 1,000 jobs. Commissioner Charles Evans, the swing vote in the commission's 4-3 vote that defeated the proposal, says he has changed his mind.

'Sleepy Hollow' to exit Wilmington if series is renewed

January 19, 2015

(StarNews, Wilmington)

Fox Television Group said it will move production of "Sleepy Hollow" to Atlanta if the series is renewed. The TV drama filmed its first two seasons in Wilmington, but the state legislature replaced the state's film incentive program with a new grant program for 2015 that caps the amount of money a production can receive at $5 million.

Wilmington commercial real-estate firms announce merger

January 16, 2015

(Greater Wilmington Business Journal)

Coldwell Banker Commercial Sun Coast Partners and Harley & Associates Commercial Real Estate, two of the Wilmington area's largest commercial real estate firms, have joined together as of Jan. 8.

Wilmington's nCino projects continued growth in 2015

January 15, 2015

(Greater Wilmington Business Journal)

Live Oak Bank spinoff nCino said its 2014 revenue increased 206% compared with the previous year. Started in 2012, the banking-software company now serves 81 clients compared with 36 at the end of 2013. nCino employs more than 100 people and plans to hire 50 to 75 more workers in 2015, CEO Pierre Naudé said.
Related: Code green: nCino and Tresata aim to make NC a hotspot for financial-services software (December 2014)

Report says wind would produce more jobs, energy than offshore drilling

January 15, 2015

(The Charlotte Observer)

An advocacy group that opposes offshore drilling for oil says wind-energy development would create 82,000 jobs in the Carolinas, while oil drilling would create only about 36,000 jobs. In a report released Wednesday, Oceana says wind energy along the Atlantic coast could produce twice the energy of drilling for oil.