Wednesday, September 28, 2022

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Nucor continues growth with $425M S.C. plant expansion

(Charlotte Observer)
Charlotte-based steel giant Nucor Corp., will invest $425 million and add 50 full-time jobs at its Berkeley County mill in South Carolina. The announcement came less than a month after Nucor said it would invest $200 million over five years on a modernization project at the Berkeley County mill.

Texas Pete maker opens 168,000 square foot warehouse in Winston-Salem

(Triad Business Journal)
Garner Foods held a ribbon-cutting and tour for employees and the community of its $20 million warehousing and distribution center in Winston-Salem. Strong sales during and since the height of the Covid-19 pandemic have pushed capacity to the limit says Garner COO Heyward Garner.

State acquires Shallow Ford historic property

(Winston-Salem Journal)
Shallow Ford, the former Messick Farm project to the east of the Yadkin River, was sold for $2.17 million to the state of North Carolina by The Conservation Fund. Plans are underway to create a preservation plan for the 246 acres.

Leland looks to attract higher wage jobs with incentive policy

(Wilmington StarNews)
Leland is considering ways to attract businesses that could provide living wage jobs and support younger residents and families. The town approved a contract with Elkin-based firm Creative Economic Development to compile a 5-10 year economic development plan.

Charlotte fintech sector ranks 9th globally, Triangle among top 25

(WRAL TechWire)
Charlotte ranked ninth globally for its startup fintech ecosystem while the Research Triangle finished ranked in the top 25. The report is known as the Global Startup Ecosystem Report, Fintech Edition.

Gov. Cooper issues state of emergency for Hurricane Ian

(WRAL News)
As Hurricane Ian has made landfall in Florida, North Carolina Gov. Roy Cooper issued a state of emergency on Wednesday in advance of potentially severe weather. Cooper said the plan right now is to activate the Emergency Operations Center in Raleigh sometime Thursday as the storm’s northernmost edge begins to move into the state.

WFU School of Business announces new appointments

(Winston-Salem Journal)
Wake Forest University School of Business announced that Jeff Camm has been appointed as senior associate dean for faculty. Scott Shafer will serve as associate dean for the Master of Science in Business Analytics program. Bren Varner will serve as assistant dean for the Master of Science in Management program.

Stokes County forest acquisition among projects funded through state grants

(WFDD Radio)
Several projects in the Piedmont and High Country are getting a boost with grants from the North Carolina Land and Water Fund. One of the largest includes purchasing hundreds of acres near the Dan River in Stokes County. The state recently announced funds for 117 projects across North Carolina – totaling more than $70 million.