Regional Report Triad December 2013
Making do with the bear minimum
The North Carolina Zoo is expanding its polar bear exhibit, but until November it wasn’t clear if it would have any to exhibit. The zoo had two before construction began on the expansion in 2011. Aquila, who was sent to the Detroit Zoo when renovations began, died in September from a ruptured stomach after returning to Asheboro. A few weeks later, Wilhelm, who had been lent to the Milwaukee Zoo, was euthanized after he stopped eating. With no polar bears, the zoo’s attendance — 761,964 last year — was bound to take a hit. “It would’ve been big,” spokesman Rod Hackney says. “According to visitor surveys, polar bears are the most popular exhibit.”
Price Hong Kong Aircraft Engineering Company Ltd. will pay for Greensboro-based TIMCO Aviation Services Inc. The deal, expected to close in the first quarter of 2014, will create one of the largest aircraft maintenance, repair and overhaul businesses in the world and give the Chinese company a foothold in the U.S., where TIMCO employs about 3,000.
The vacancy rate for apartments in the Triad, according to Real Data LLC, a Charlotte market-research company. That’s the lowest it has been in a decade. Development in the region, however, has been modest, with construction starting on fewer than 500 units in the last six months.
Rank of Elon University’s Martha and Spencer Love School of Business on Bloomberg Businessweek’s 2013 list of top part-time MBA programs in the U.S. It was No. 1 in 2011.
MOCKSVILLE — Gildan Yarns will open a spinning mill here as part of an expansion that includes a new mill in Salisbury and renovating one in Clarkton. In all, the subsidiary of Montreal-based Gildan Activewear will invest more than $250 million and create 500 jobs in North Carolina.
WINSTON-SALEM — Novant Health entered into shared-services partnerships with Hinesville, Ga.-based Liberty Regional Medical Center and Spartanburg, S.C.-based Spartanburg Regional Healthcare System that will reduce expenses by increasing buying power. The health system has entered into six such partnerships since last year.