China Ming Yang Wind Power Group Limited, a leading wind turbine manufacturer in China, today announced the opening of its North American research and development center on the Centennial Campus of N.C. State University. Dr. Shu Ching Quek, president of Ming Yang Wind Power USA Inc., will head up operations at the facility, which will focus the company’s efforts to further enhance energy output and lower the cost of electricity by improving the manufacture and operation systems of offshore wind …
Category: Business
Auto parts maker AW North Carolina adding 250 jobs in Durham
For the second time in less than two years AW North Carolina, a Durham company that makes transmissions for Toyotas, is embarking on a multimillion-dollar expansion that will add as many as 250 jobs during the next year. The company announced Monday that it will invest $14 million in its plant in the Treyburn Industrial Park, where it now employs 1,500 people. AW, like many auto parts suppliers across the country, is ramping up production to keep pace with a …
High-Quality of N.C.’s Workforce Results in Expansion Decision in Rutherford County
RALEIGH – Gov. Bev Perdue Friday announced that Ameridial Inc., a provider of contact center services, will expand operations at its facility in Rutherford County. The company plans to create 195 jobs and invest $2.1 million during the next three years in Spindale. The project was made possible in part by a $100,000 grant from the One North Carolina Fund. “Our investments in education and job training programs have built a skilled workforce that companies know they can depend on,” …
North Carolina is No. 1 for 2011 New and Expansion Projects in South Atlantic Region
Site Selection magazine released its rankings on new and expanded project activity for 2011. North Carolina moved up two spots this year, capturing fourth place nationally and number one in the South Atlantic region. North Carolina logged 310 qualifying projects during 2011, which was a 38% increase over 2010. Qualifying projects must meet one or more of the following criteria: US$1M minimum investment 50 or more new jobs created 20,000 sq. ft. floor space of new or expanded facility construction …
Small Manufacturers Driving Job Creation, Economic Growth in America
Original Article: http://community.sba.gov/community/blogs/official-sba-news-and-views/open-business/small-manufacturers-driving-job-creation-economic-growth Made in America is hot. More than 400,000 manufacturing jobs have been created since the start of 2010 and there are currently about 229,000 job openings in the manufacturing sector, according to data from the Labor Department. America’s small manufacturers are a critical part of that. According to BLS and Census data, 98 percent of America’s manufacturing firms are small. More than one in three Americans who work in manufacturing, work at a small business. Everyone from …
North Carolina’s Support is a Critical Asset for Global Plastics Company
RALEIGH – Gov. Bev Perdue today announced that Carolina Precision Plastics LLC, a global plastics manufacturer, will locate a new facility in Davie County. The company plans to create 140 jobs and invest $5.3 million during the next three years in Mocksville. The project was made possible in part by a $250,000 grant from the One North Carolina Fund. “Our history of investing in education and workforce training have helped create a business climate that enables companies like Carolina Precision …
AT&T Telecommunications Provider to Locate Data Center in Kings Mountain.
CLEVELAND COUNTY – Gov. Bev Perdue today joined executives from AT&T Inc., the world’s largest communications company, in announcing they will locate an enterprise data center in Kings Mountain, the latest in a long line of investments by the company in North Carolina. Gov. Perdue was joined by, among other company officials, Cynthia Marshall, President of AT&T North Carolina, and other state and local officials for the announcement in Cleveland County. The company plans to create more than 100 full-time jobs …
Textile Manufacturer Praises Local and State Leaders for Business Support
RALEIGH – Gov. Bev Perdue today announced that Burlington Technologies Inc., a manufacturer of specialty textiles, will expand its facility in Alamance County. The company plans to create 110 jobs and invest $725,000 over the next three years in Burlington. The project was made possible in part by a $120,000 grant from the One North Carolina Fund. “Our state’s workforce and job training programs—especially in the textile industry—are second to none, thanks to our history of investments in education,” said …
North Carolina Biotechnology Industry Continues to Expand
The Council for Entrepreneurial Development (CED) wrapped up its two-day Life Science: Fusing Science, Technology & Industry Leadership conference in Raleigh, yesterday, sending nearly 1000 participants home buzzing with the latest industry news and developments. Held in collaboration with the North Carolina Biotechnology Center and the N.C. Biosciences Organization, the event brought together top industry leaders to present perspectives on funding, strategic innovation and industry outlooks. An Emerging Company Showcase included companies in the biopharma and medtech sectors. The event …
Reed Elsevier to Expand and Add Jobs in Cary
RALEIGH – Gov. Bev Perdue announced today that Reed Elsevier Inc., a world leading provider of professional information solutions, will expand its operations in Cary. The company plans to create 350 jobs over the next five years and invest $1.75 million. The project was made possible in part by state grants from the Job Development Investment Grant (JDIG). “Creating jobs is my top priority and the fact that globally competitive companies continue to make investments like these proves we have …
Cultural Resources Secretary Carlisle Announces Arts-Based Recommendations to Boost Local Economies
N.C. Department of Cultural Resources Secretary Linda A. Carlisle released on Feb. 7 recommendations from a statewide task force that calls for arts and cultural districts planning and funding for arts-driven economic development pilot projects. The recommendations were from the SmART Initiative Task Force appointed by Carlisle last year. She charged the Task Force with using arts-driven economic development as a catalyst in North Carolina communities. Jim Goodmon, CEO of Capitol Broadcasting, served as chairperson of the Task Force. “The …
Clinical Laboratory Service to Expand in Guilford County
Governor Bev Perdue announced on Feb. 8 that Solstas Lab Partners, a leading medical and diagnostic laboratory, will expand its operations in Guilford County. The company plans to create as many as 500 jobs and invest about $11.6 million dollar over five years to gain maximum benefits from performance-based incentives approved by Guilford County and the City of High Point. The project was made possible in part by a $450,000 grant from the One North Carolina Fund. The state grant …
Electromagnetic Systems Manufacturer to Expand in Cleveland County
Governor Bev Perdue on Feb. 13 announced that Kendrion FAS Controls Inc., a manufacturer of electromagnetic systems, will expand its operations in Cleveland County. The company plans to create 57 jobs and invest $7.3 million over the next three years in Shelby. The project was made possible in part by a $228,000 grant from the One North Carolina Fund. The N.C. Department of Commerce’s Martyn Johnson was the developer on this project. Kendrion FAS Controls is a subsidiary of German-based …
N.C. Ports Ends 2011 with Container and Breakbulk Volumes Increases
Business is up at North Carolina’s State Ports with posted increased cargo movement for the 2011 calendar year compared to 2010. Container movements increased more than 11 percent and general breakbulk cargo increased 8 percent for the year positioning the North Carolina State Ports Authority for a successful fiscal year 2012. In Wilmington, NCSPA moved 287,467 20-foot equivalent unit containers in 2011, an 11.2 percent increase over calendar year 2010. And more than 1.7 million tons of bulk and breakbulk …
Raleigh Realizes 4th Greatest Job Growth in Nation
The number ten city by total number of jobs added was North Carolina’s capital city, where job growth swelled by 48,900 from 2001-2011, according to an article by G. Scott Thomas in the Triangle Business Journal. Raleigh was fourth in the nation in terms of job growth percentage. The city’s number of jobs expanded by over 13 percent since 2001. As we emerge from the Great Recession, hindsight reveals there was a place job growth and a more stable economic …
VGCC offers small business seminar on Hiring, Retention
Vance-Granville Community College’s Small Business Center will offer a free seminar, entitled “How to Hire and Retain Good Employees,” from 9 a.m. until noon on Thursday, March 8 in room 7107 of Building 7 on the college’s main campus in Vance County. The seminar will help business owners and managers match the right workers with the right jobs, thereby reducing turnover and increasing the bottom line. Topics will include the selection process, finding suitable candidates, interviewing and reasons behind employee …
Clinical Laboratory Service Company to Expand in North Carolina
HIGH POINT—Gov. Bev Perdue today announced that Solstas Lab Partners, a leading medical and diagnostic laboratory, will expand its operations in Guilford County. The company plans to create as many as 500 jobs and invest about $11.6 million over five years to gain maximum benefits from performance-based incentives approved by Guilford County and the City of High Point. The project was made possible in part by a $450,000 grant from the One North Carolina Fund. The state grant will be …
Corporate “Personhood” to be Tested in MF Global Bankruptcy Case
NEW YORK, Feb. 7, 2012 /PRNewswire/ — The legal principle of “corporations are ‘persons'” is set to be tested in the current MF Global bankruptcy case after a former MF Global client, Adam Furgatch of Hawaii, filed a motion on Monday in Federal Bankruptcy Court that asks the Court to treat MF Global Holdings, Ltd. as a “person” instead of a corporation. The filing asserts that because the U.S. Supreme Court has ruled that a corporation such as MF Global …
Hong Kong’s Li & Fung Limited Selects Greensboro for LF USA Office
GREENSBORO – Gov. Bev Perdue today joined executives from LF USA to announce that the multinational consumer goods export and logistics group has opened an office in Greensboro. LF USA is a subsidiary of Hong Kong-headquartered Li & Fung Limited. With a total of 30,000 square feet, the LF USA office will house key functions, including accounting and finance, treasury management, transaction services, logistics and customs compliance. The office is located at 4620 Grandover Parkway. “Creating jobs is my top priority,” …
Caterpillar Again Chooses North Carolina for Expansion
RALEIGH – Gov. Bev Perdue announced today that Caterpillar Inc., the largest maker of construction and mining equipment, diesel and natural gas engines, and industrial gas turbines in the world, will expand its manufacturing facilities in Johnston County. The company plans to create 199 jobs over the next five years and invest $33 million. The project was made possible in part by state grants from the Job Development Investment Grant program and One North Carolina Fund. “Creating jobs is my top …