-
3 weeks ago | 
bizjournals.com | David Hill
David Hill Triad Business JournalListen to this article 3 minCould an aerospace academy be in the Triad's future? Back when he was focused on movie-making while pursuing a bachelor’s degree in fine arts, Sean Ormand could look at a screen and see something was just a little off. Now he’s doing the same thing in a vastly different setting: Learning how to work on airplanes.
-
3 weeks ago | 
bizjournals.com | David Hill
Listen to this article 3 minCompanies from Winston-Salem, Greensboro and High Point listed as fast growing in the mid-Atlantic region. Three Triad-based companies are on Inc. magazine’s list of the fastest-growing private companies in the mid-Atlantic region, which came out Tuesday. Companies on the regional list are ranked according to their percentage of revenue growth over two years ending in 2023.
-
3 weeks ago | 
bizjournals.com | David Hill
Listen to this article 4 minThe company building a food waste processing facility in Lexington announces a big investment from a renewable-energy fund associated with the main investment organization for university faculty. Divert Inc., the Massachusetts company building a waste-food processing facility in Lexington, has received a $90 million investment from an asset manager for a major pension fund toward the project.
-
3 weeks ago | 
bizjournals.com | David Hill
Listen to this article 5 minChicago-based food-service wholesaler taking over former grocery distribution center it leased last year. US Foods is spending $30 million to upfit the former Sav-A-Lot distribution center in Lexington, according to a recently filed building permit. The project amount for the permit at 133 Lexington Highway was put at $30,700,169. The contractor is listed as ESI Constructors Inc., based in Hartland, Wisconsin.
-
1 month ago | 
bizjournals.com | David Hill
Listen to this article 6 minThe agribusiness multinational with a large crop protection facility in Greensboro blames high interest rates and competition from generics for a down sales year. Poor weather, competition from generics, and weak emerging-market currencies held down the sales of the division of international agricultural company Syngenta that’s in the Triad.
-
1 month ago | 
bizjournals.com | David Hill
Listen to this article 5 minComputing giant still advertising for other jobs in Winston-Salem as it gives notice of job cuts there. IBM is cutting 72 jobs in Winston-Salem starting May 30, the company told the North Carolina Commerce Department. It’s a permanent reduction in force at 1100 Reynolds Blvd. Most of the jobs, 63 in all, are what IBM terms “process delivery specialist.” The rest are seven positions called process innovations professional and two delivery managers.
-
1 month ago | 
bizjournals.com | David Hill
David Hill Triad Business JournalToyota's soon-to-be-online battery plant cited as an example of economic development tied to the EV industry. Two Triad elected officials, joined by an electrification advocacy organization and an executive with a company that makes chargers in Durham, called Friday on federal lawmakers to help preserve incentives linked to North Carolina’s electric-vehicle industry.
-
1 month ago | 
bizjournals.com | David Hill
Listen to this article 4 minUnion leaders accused the manufacturer of using U.S. tariffs on Canadian wood products to redirect production and cut costs. But the company says the plan predates tariffs. Here's why they are making the move to North Carolina. Prepac, maker of ready-to-assemble home furniture, is reported to be ending most if not all production in its home base in western Canada and adding it to its Whitsett operation that opened in 2021.
-
1 month ago | 
bizjournals.com | David Hill
Piedmont Triad International AirportListen to this article 5 minVeteran state Sen. Gladys Robinson hints that a project bigger than Toyota may be looking to set up at Piedmont Triad International Airport, but economic development professionals play down speculation. A state lawmaker suggested Tuesday that the Triad may be on the verge of landing an economic-development project that would dwarf even the 5,000-worker Toyota plant about to open south of Greensboro. State Sen.
-
1 month ago | 
bizjournals.com | David Hill
Listen to this article 3 minWith North Carolina deemed the best state for starting a small business, a business-services review company explored which cities in the Old North State are best. A ranking of best cities for small business by a business-to-business software and services review company put Greensboro at the top of its North Carolina list, with Burlington, High Point and Winston-Salem close behind. B2B Reviews ranked North Carolina the best state for starting a small business.
