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Minnesota publisher buys Furniture Today owner

Greensboro-based Progressive Business Media, which owns Furniture Today magazine and other home-furnishing publications, was acquired by Minneapolis’ BridgeTower Media. Financial details were not disclosed. Progressive has 94 full-time employees. Catherine Silver, vice president of sales at Progressive, will become  president of the company. BridgeTower owns N.C. Lawyers Weekly and the Mecklenburg Times in North Carolina.

Top-rated broker leaving Raleigh’s NAI Carolantic to open new brokerage office

Broker Moss Withers is leaving Raleigh-based commercial real-estate brokerage NAI Carolantic after a decade to open the first Triangle office for Lee & Associates, a California-based real-estate investment firm. Withers has been among the nation’s top producing brokers over the last few years. NAI Carolantic broker Karah Jennings is joining him at the new company.

Raleigh firm invests $7M in Vermont hemp farm

Raleigh-based venture capital firm One Better Ventures invested $7 million in Green Mountain CBD, a Vermont hemp farming company. The company, which will change its name to Sunsoil early next year, produces organic CBD products. One Better Ventures recently invested $2 million in a Raleigh-based media website, Remedy Review, that publishes content and information about the growing CBD market.

MapAnything raises $42.5M from General Motors’ unit, other investors

Charlotte-based MapAnything raised $42.5 million in Series C funding for use in expanding in key markets, research and development and building closer ties with some partners. The company’s “location awareness” product helps sales and service workers plan, track and complete their duties, automating some processes. GM Ventures and Arizona entrepreneur Andrew Leto invested for the first time in MapAnything, joined by four existing investors.

Fort Bragg eyes $699M in projects over six years

The Department of Defense says it has more than $343 million worth of construction projects underway at Fort Bragg and another $699 million projected for the next six years. One of the projects includes a large entertainment complex known as Freedom Crossing at Fort Bragg which will feature a movie theater, restaurants and retail. The U.S. military has spent $6 billion on construction at Fort Bragg since 1985, according to The Fayetteville Observer.

Wake County willing to offer incentives of up to $277M for Amazon HQ2

Wake County was prepared to offer Amazon its largest-ever incentive package if the online retail giant had picked Raleigh for its HQ2. Records show the county offered a grant that could have been worth as much as $277 million over 15 years in exchange for 61,875 full-time net new jobs with an average annual wage of more than $100,000 and a capital investment of $6 billion.

Atrium Health settles with Justice Department in antitrust lawsuit

Charlotte-based Atrium Health has reached an agreement with the U.S. Department of Justice in a lawsuit over the company’s language in certain health-insurance contracts. Atrium was accused of using its dominant position to suppress competition from lower-cost providers. Atrium Health, formerly Carolinas HealthCare System, will not have to pay any penalties or fines.

Hanesbrands’ Champion becomes official apparel, uniform provider for Harlem Globetrotters

Winston-Salem-based apparel manufacturer Hanesbrand’s Champion brand has become the official uniform and apparel provider for the Harlem Globetrotters. Champion will provide uniforms, warm-ups and travel apparel and will have the rights to sell Globetrotter-branded apparel at existing stores and retailers internationally. The company will create the Globetrotters’ first new uniform design in 20 years.

FDA considers banning menthol cigarettes

The Food and Drug Administration is expected to announce it may ban menthol-flavored cigarettes, according to a senior agency official cited by the Wall Street Journal. It could take a year or two for the action to take effect in the marketplace. Winston-Salem-based Reynolds American is among the leading producers of the minty cigarettes, which are popular with younger and African-American smokers.

Assistance deadlines for hurricane damage extended

The government has extended many of the assistance deadlines for homeowners, renters, businesses and nonprofit organizations for Hurricane Florence damages and losses. Disaster loans, physical loss loans, economic loss loans and renters assistance are still available.  State estimates indicate Hurricane Florence caused nearly $17 billion in damages to homes, businesses, farms and government buildings.

ECU takes gold for producing family physicians

The American Academy of Family Physicians and the North Carolina Academy of Family Physicians recognized East Carolina University’s Brody School of Medicine for producing the highest percentage of family doctors in the state in the last decade. Nearly 19% of Brody graduates entered into family medicine residency programs. Only one other U.S. medical school — the University of North Dakota — produced a higher percentage of family doctors.

Recruitment to Liberty megasite complicated by Duke transmission line, according to report

The Greensboro-Randolph Megasite near Liberty is bisected by a 2-mile section of a Duke Energy transmission line, complicating the site’s ability to attract a large manufacturing plant, the Carolina Journal reported. State officials favored the site for a proposed Toyota/Mazda plant in 2017, but the Japanese companies selected Alabama for a new factory. Duke officials agreed to move the line had the site been selected. The N.C. Railroad Co., Randolph County and the Joseph M. Bryan Foundation pledged $48 million if the automakers chose the Liberty site. The state is also prepared to provide $1 billion in incentives for “transformational” new developments.

Rocky Mount adds another brewery, putting state total at about 260

Two trailblazing female craft-beer entrepreneurs opened the Rocky Mount Brewery,  joining about 260 local beer-making establishments in North Carolina. Briana Brake, founder of Spaceway Brewery, and Celeste Beatty, founder of Harlem Brewing, are collaborating at the 150-acre Rocky Mount Mills mixed-use development. Three other craft-beer companies are already operating at the project’s business incubator.

Asheville officials eye potential sales, food and beverage tax

Asheville city officials are discussing a potential sales tax increase and a food and beverage tax that would help pay for public transportation services and infrastructure costs. The sales tax increase would generate an estimated $13 million annually, and the food and beverage tax could bring in $8 million to $9 million. The proposals will be discussed at a pubic hearing on Nov. 27.

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