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Thursday, March 28, 2024
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Second Gildan investor group decries potential sale announcement

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A second prominent investor group is accusing Gildan Activewear Inc’s board of directors of floating the idea of a potential sale to dodge or thwart a pending shareholder vote on its membership. Gildan Activewear Inc. confirmed media speculation that its board of directors has received “a confidential non-binding expression of interest” to purchase the apparel manufacturer.

Woodfin loosens manufactured housing rules

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Single-wide manufactured homes are now allowed in some parts of Woodfin, including in the section of town west of the river that some residents are seeking to be de-annexed from town limits. Woodfin Town Council voted 6-0 to approve the changes, creating a zoning overlay district to create more leniency around where manufactured homes are allowed.

Official: Carbon plan update carries high stakes for N.C. offshore wind

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The cost of potential wind farms off North Carolina’s coast — and what Duke Energy customers end up paying for them — will be heavily influenced by an N.C. Utilities Commission decision later this year, a TotalEnergies official says. TotalEnergies holds one of three N.C. wind energy leases, with development area about 22 miles off Bald Head Island.

AdventHealth acquires 25 acres in Weaverville for new hospital

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AdventHealth has acquired approximately 25 acres of land in Buncombe County, near Weaverville, where — pending a ruling in a court challenge by rival HCA Healthcare — it plans to build a 67-bed acute care hospital to serve Buncombe, Madison, Yancey, and Graham counties. AdventHealth already operates AdventHealth Hendersonville, the former Park Ridge Hospital in Henderson County.

Broadband access, a lifeline in rural N.C., could diminish unless Congress acts

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A federal program that provides internet subsidies to low-income families and gives hundreds of thousands of North Carolinians without access to online health services could continue if Congress approves additional funding. The Federal Communications Commission stopped accepting new applications for subsidies in February, and existing enrollees are expected to lose their benefits in April.

Project led by N.C. A&T aims to connect underserved farms across state

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North Carolina A&T State University will lead a project aimed at connecting the state’s small rural farms together. The CROPS (Climate, Responsive Opportunities in Plant Science) Project, funded by the National Science Foundation, will build a 42-county ag tech corridor with the help of researchers from East Carolina, Duke, N.C. State, Wake Forest and UNC.

Auto supply manufacturer wins incentives for $16M Mooresville expansion

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The Iredell County Board of Commissioners has approved incentives for automotive supply manufacturer MacLean Curtis to expand and initiate new driveline component products for EVs. MacLean Curtis, which is a division of MacLean-Fogg Component Solutions, is proposing an investment of $16.35 million to add to its 96,000-square-foot Mooresville plant, county documents show.

Manufacturer considering Winston-Salem for operation, 50 jobs

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A manufacturing company is considering setting up in Winston-Salem and hiring about 50 employees making an average of about $65,000, Forsyth County Community & Economic Development Director Kyle Haney told county commissioners. The company, which is considering investing about $5 million in a building, machinery and equipment, has not yet been named.

Boom Supersonic completes supersonic jet test flight

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Boom Supersonic took a step toward its passenger jet ambitions by completing the first flight of its demonstrator plane, called XB-1, at the Mojave Air & Space Port in California. The startup jetmaker has an agreement with North Carolina to build a $500 million “flagship” at Greensboro’s Piedmont Triad International Airport, including up to 1,761 workers.

Fifth Third Bank breaks ground on new branch in Charlotte’s historic West End

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Fifth Third Bank, which has invested more than $20 million to support economic development in Charlotte’s Historic West End, broke ground Friday on a new Beatties Ford Road branch location. The branch is scheduled to open this fall. About 72% of the project’s construction dollars will go to minority-owned businesses, according to Fifth Third officials.