Wednesday, August 17, 2022

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BOA gives Atrium $10M for CMS schools

(Charlotte Observer)
Atrium Health will use a $10 million gift from Bank of America to launch a health equity program that will help Charlotte-Mecklenburg Schools students see the doctor without leaving school. Dubbed “Meaningful Medicine,” the program is designed to embed healthcare in Charlotte’s most vulnerable communities.

American joins United in ordering Boom jets

American Airlines agreed to buy up to 20 jets from aircraft maker Boom Supersonic, becoming the second major U.S. carrier, along with United, to bet on ultra-fast passenger travel in the last two years. Boom Chief Executive Blake Scholl said the deal brings Boom's orderbook to 130 airplanes, including options, valued at about $26 billion.

K&W chain sold to competitor

(Triad Business Journal)
K&W Cafeteria, a family owned group of restaurants based in Winston-Salem for 85 years, has been sold to Piccadilly Restaurants out of Louisiana. The price was not disclosed. The buyer expects to keep all of K&W's existing locations open.

Cary-based Livingood Daily tops 133 N.C. companies on Inc 5000

(WRAL TechWire)
More than 130 privately held companies across North Carolina cracked the newly published Inc. 5000 list, and collectively they delivered $4.4 billion to the state’s economy in 2021. Cary-based Livingood Daily, which “provides resources for people to get to the cause of health issues,” is the top honoree from the state, ranking No. 6 overall.

Raleigh hedge fund grows to $63 million

(Triangle Business Journal)
According to a securities filing, longtime Raleigh-based Anchor Capital LP has added another $11 million to a fund taking it to $63.4 million from 106 investors. Anchor Capital is the brainchild of Clay Dunnagan, a former executive with Raleigh-based VitalSource Technologies.

CIL Capital taps former airport authority chair as chief strategy officer

Former New Hanover County Airport Authority Chairwoman Donna Girardot has been named as CIL Capital’s chief strategy officer. CIL Capital is in the midst of building and planning industrial space at the Wilmington International Airport (ILM) Business Park.

Company not expanding into Wilkes

(Wilkes Journal-Patriot)
The potential occupant of a large distribution center that another company planned to build near U.S. 421 West “has decided not to expand into Wilkes at this time,” said LeeAnn Nixon, Wilkes Economic Development Corp. president. This was based on “the corporation’s planning decisions and potentially the uncertainty of the direction of the U.S. economy,” Nixon said.

Raleigh citizen group opposes 40-story rezoning request

(WRAL News)
A Raleigh neighborhood group is pushing back against a rezoning that would allow developers to build high-rises up to 40 stories tall near North Hills. Kane Realty wants to rezone 11 acres within the shopping center, allowing for the new height and Raleigh City Council is discussing the request. Midtown Citizens Advisory Council is fighting the rezoning.