Statewide: Eastern region, June 2014
STATEWIDE Eastern Region
Live Oak’s public act
NASHVILLE — Carolina Innovative Food Ingredients will invest $20 million and hire 64 workers to open a plant here that will make ingredients for juices, baked goods and pet foods. The company, owned by Richmond, Va.-based tobacco distributor Universal Corp., will use North Carolina-grown fruits and vegetables. The plant will open in the first quarter of 2015.
MOYOCK — Government Contracting Specialists will move its headquarters here from Chesapeake, Va., investing more than $325,000 and creating 60 jobs. The company offers engineering and construction services. Average annual salary will be $35,360, more than Currituck County’s $29,009.
OAK ISLAND — Southport-based Legacy Community Partners will develop The Charles, a 2,114-acre retirement community with up to 2,250 residential units. Construction will begin this fall, and the project is expected to create up to 3,500 jobs.
EVERETTS — Syfan Manufacturing will invest more than $6.5 million over three years and add 24 jobs to the 73 at its local plant. The Israeli company makes plastic films used in packaging, including for meat and poultry. Jobs will pay an average of $28,508, slightly lower than Martin County’s average of $30,600.
FAYETTEVILLE — Former advertising agency owners Gary and Todd Smith were indicted in federal court in Tampa, Fla., on charges of defrauding investors of more than $55 million between 2007 and 2013. At least 74 people say they lent money to the Smiths. Opened in 1980, Smith Advertising & Associates once had more than 30 employees in offices in Florida and the Carolinas (cover story, December 2013).