Media Center

Here is news about local businesses from the Business Journal:

New facility, more jobs coming to the Triad, courtesy of a well-known delivery service
Wed, 17 Oct 2018
A Charlotte developer has begun construction in the Triad on a 270,000-square-foot facility for a familiar international delivery courier.

Judge rules on restraining order in case involving BCBSNC, specialty pharmacy
Wed, 17 Oct 2018
A federal judge has sided with Blue Cross and Blue Shield of North Carolina, striking down – at least for now – an attempt by a specialty pharmacy that would have prevented the insurance giant from booting it out of its network. Texas specialty pharmacy Senderra RX Partners filed a lawsuit this week in federal court, alleging that BCBSNC “wrongfully” terminated it from its network, costing it hundreds of customers. Accompanying the lawsuit was a motion for a temporary restraining order,…

Report: New restaurant coming to popular Triad area
Wed, 17 Oct 2018
A new restaurant is coming to a popular spot in Winston-Salem, according to a report in the Winston-Salem Journal. Earl's will open at 121 W. Ninth St., across from Wiseman Brewing and The Ramkat music club, the Journal says. The fast-casual restaurant, which will have a full bar, an 800-square-foot patio and a stage for live music, will open in mid-November, according to the report. The space is under construction, the report says. The Journal says the owners are Herbie Gimmel, Joel Ornstein…

Furniture company files lawsuit for patent infringement
Wed, 17 Oct 2018
Ontario, California-based A.R.T. Furniture, which has Winston-Salem distribution center, a High Point showroom and High Point-based executives, has filed a lawsuit alleging patent infringement against a Mississippi-based furniture firm. The defendant, who filed in the U.S. District Court for the Middle District of North Carolina, is Davis Direct of West Point, Mississippi. A.R.T. Furniture alleges in the suit that Davis Furniture has imported and sold products that infringe on the design of A.R.T.…

NC plans to sell former Rex Hospital site inside Raleigh Beltline
Wed, 17 Oct 2018
A major chunk of real estate inside Raleigh's Beltline is about to come on the market when the state of North Carolina puts the Rex Hospital property on Wade Avenue up for sale. The nearly 16-acre site is the current home of the Employment Security Commission, and the first step is to find a new home for that agency. The state recently sent out a request for proposal on a new home for the ESC, according to Mark Edwards, deputy secretary of the N.C. Department of Administration. Edwards said the…

Viewpoint: Alamance County's economic vitality hinges on 'Vote 3 for Education' bond passage
Wed, 17 Oct 2018
The Vote 3 For Education bond referendum this November will allow Alamance Community College to provide workforce training that meets the needs of 21st century employer demands and will provide desperately needed new construction and renovations for the Alamance-Burlington School System as well as propose a ¼-cent sales tax designated for education. The link between quality education and a community’s quality of life is unassailable. The interconnection of education, workforce training and…

N.C. Biotech grant to foster job growth in Alamance County
Wed, 17 Oct 2018
Job growth in Alamance County, forecast by some to increase by 7 percent through 2020, just got a boost from the biotech industry. The N.C. Biotechnology Center, through a partnership with the city of Burlington, LabCorp, Alamance Community College and Illumnia, has given a $100,000 economic development grant to foster training and industry growth in the biosciences. “The Biotech Center’s (Economic Development Award) is more than a grant,” said Peter Bishop, director of economic development…

Georgia pecans, poultry, cotton hard hit by Hurricane Matthew (Photos)
Wed, 17 Oct 2018
The damage to Georgia crops is still being assessed by the state Department of Agriculture, but significant losses are already evident.  “Unfortunately, our worst thoughts were realized." Agriculture Commissioner Gary Black said after a flyover last week. “We saw months and sometimes years of work just laid over on the ground in a matter of seconds.” Pecan groves once again suffered extensive damage with downed trees and dropped pecans. This is the third straight year that Georgia pecan…

Report: Co-owner of downtown tower convicted on fraud, conspiracy charges in Georgia court
Wed, 17 Oct 2018
An Atlanta businessman and co-owner of the BB&T headquarters building at 200 W. Second St. in downtown Winston-Salem has been convicted of mail and wire fraud, along with mail and wire fraud conspiracy, according to reports in the Atlanta Journal-Constitution and the Winston-Salem Journal. Last week, a jury in the U.S. District Court for the Northern District of Georgia found Tyson "Ty" Rhame guilty on 11 of 13 counts after a five-week trial, the newspapers reported. Prosecutors said Rhame, along…

Report: Fiber manufacturer shifts corporate HQ, R&D center from Greensboro to Danville
Wed, 17 Oct 2018
BGF Industries, a maker of technical fiber materials, will move its corporate headquarters and research and development operations from Greensboro to Danville, Virginia, according to a report in the Greensboro News & Record. The company said Tuesday it will spend $7 million on the move to Danville's Cyber Park, the News & Record said. BGF produces industrial textile fabrics that are used in several markets, including composites, automotive, aerospace and ballistics. The company is a subsidiary…

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