November 9, 2009

N.C. ranked first for business climate

North Carolina’s business climate ranks first in the nation, according to an annual listing by Site Selection magazine.

The Tar Heel State garnered the top honor for the fifth consecutive year.

“The concentration of brainpower and research and development activity in North Carolina cuts across many disciplines, territories and institutions,” says Adam Bruns, managing editor of Site Selection. “Research parks, schools, companies and communities in the state have developed a real knack for working across boundaries, and it continues to pay off.”

The business-climate ranking is based on the number of new and expanded business facilities in each state as well a poll of corporate site selectors nationwide.

North Carolina was followed in order by Texas, Virginia, Ohio, Tennessee, South Carolina and Alabama.

Source: Charlotte Business Journal

November 9, 2009

Cato’s October sales up 4%

Cato Corp. reports sales for the four weeks ended Oct. 31 of $61.9 million, a 4 percent increase from $59.5 million a year ago.

Sales at stores in operation for at least a year were flat.

The Charlotte-based retailer says higher-than-expected sales and margins will push projected earnings to between 7 cents and 9 cents per diluted share for the fiscal third quarter. It had projected earnings of 3 cents to 5 cents, says John Cato, chief executive.

Cato earned 3 cents per diluted share in the third quarter of last year.

Cato (NYSE:CATO) is a retailer of women’s apparel and accessories. As of Oct. 31, the company operated 1,291 stores in 31 states.

Source: Charlotte Business Journal

November 9, 2009

Davidson College honored for value

Davidson College has been named the fourth-best value among top liberal arts colleges by Kiplinger’s Personal Finance.

The rankings are based largely on academic quality and affordability. Tuition, fees and room and board cost $45,000 at the private school.

Pomona College in California ranked first, followed by Swarthmore College in Pennsylvania and Williams College in Massachusetts.

Davidson is one of several N.C. schools to be recognized by the magazine.

Duke University was ranked the sixth-best value among U.S. private universities.

The top five private institutions on the list were the California Institute of Technology, Princeton University, Yale University, Rice University and Harvard University.

“This year’s top-100 private schools met the challenges of a slumping economy with brio,” says Janet Bodnar, editor of Kiplinger’s. “With so many private institutions offering generous financial-aid packages, families are finding that private college is still affordable. In fact, the average tuition price can be as little as half or less of the sticker price — making them very competitive with public universities.”

Wake Forest University was ranked No. 25 among private schools, and Elon University was No. 28.

Source: Charlotte Business Journal

November 9, 2009

Bart Jones ready to build Marshall concrete plant

Bart Jones says he wants “to get started right away” on construction of his concrete plant in the quarry off U.S. 25/70 after the Madison County Board of Adjustment voted 4-1 to approve a conditional-use permit for the facility.

The vote came after a five-hour long public hearing last week in the courtroom of the Madison County Courthouse.

Attorney Doug Wilson, representing Jones and Carolina Ready Mix of Swannanoa, told the board that such a plant in Madison would have “no injurious effect” on neighbors in the area.

But during his presentation, attorney Patsy Bryson, who was representing nearby landowners opposed to the permit for a concrete plant, repeatedly objected to information brought up by Wilson or suggestions by Wilson about the safety or condition of the proposed plant.

Bryson told the board that “the burden is on the applicant” to prove that the proposed plant wouldn’t harm property values or put neighbors’ health at risk.

“We believe the applicant will not be able to meet the burden,” she told the board.

But in the end, the board said Jones had the right to build his facility, with Darlyne Rhinehart the only vote against it.

Bryson presented witnesses and experts to try to explain that the location of the concrete plant would cause the value of other property to drop, that the risk of possible toxins would endanger residents, children and patients at the nearby Elderberry Healthcare facility, and that the facility would impact homes that Jones hadn’t considered in his application.

But Luther Smith, a landscape architect and land planner from Hendersonville, said under oath that the McCrary Quarry “is a good location for this facility. I think it’s a very good site.”

Dr. Susan Kask, a professor of economics at Warren Wilson College, countered, saying that the location of the ready mix plant could have a negative impact in the millions of dollars.

“You may be introducing lower property values,” she told the board, “impacting the undeveloped property and future potential use” of other parcels in the area.

A doctor and a nurse told the board they opposed the plant, and Madison County Health Director Carolyn Moser, saying she was “not here on behalf of either party, but as it relates to the health of Madison County,” said “a concrete plant can be a health hazard.”

Jones said he felt the board “really took everything into consideration and made the right decision.”

He said the plant will employ nine to 10 local people and will serve people in a 25-mile radius of the facility.

Source: Sentinel

November 9, 2009

Dewey’s Bakery to open holiday store

Dewey’s Bakery has opened a seasonal holiday store in Biltmore Village.

Based in Winston-Salem, Dewey’s opened in 1930 and has become noted around the state for selling baked goods such as Moravian sugar cookies and sugar cake.

The seasonal store, which will be open through December, also will sell gift tins, baskets, ornaments and other holiday items.

The address is 1 All Souls Crescent, and the phone number is 274-4899.

The products are also available at deweys.com.

Source: Asheville Citizen Times

November 9, 2009

Asheville GoMini’s Dealer Receives Asheville Chamber Award

GoMini’s Portable Storage in Asheville has been recognized as one of the area’s fastest growing small businesses by the Asheville Chamber of Commerce.

On Thursday, October 29, the Asheville Area Chamber of Commerce hosted a Business After Hours at the North Carolina Arboretum attended by hundreds of local business leaders to announce the 2009 Sky High Growth Awards winners. The Sky High Growth Awards recognizes the area’s fastest growing small businesses for their outstanding achievements and contributions to the region’s economy. Businesses nominated for the awards are evaluated on their gross revenue and number of employees. Member businesses from 1 to 300+ employees are recognized at the event.

“We are extremely honored to be receiving this award the second year in a row,” said Asheville GoMini’s owner Robie Campbell. “We are thankful to the community for their support and the opportunity to continue to provide a valuable service to them.”

A convenient, inexpensive portable self-storage solution, GoMini’s became a local storage sensation in 2005 when owner Robie Campbell purchased the Asheville territory. Since that time, Campbell has also purchased the Charlotte, Hickory and Myrtle Beach territories. In 2009, Campbell was named “GoMini’s Dealer of the Year” as well as the Asheville Area Chamber of Commerce’s Small Business Leader of the Year for business with fifteen or fewer employees.

Source: Gominis.com

November 5, 2009

Stimulus helping Charlotte ‘green’ its business sector

The energy industry is getting a makeover. The U.S. needs to lead the way to remain competitive in the global market, and Charlotte’s ready to lead the charge.

The $787 billion stimulus package the Obama administration put together this year includes about $70 billion in grants and tax breaks for the energy industry — almost all of it directed at clean-energy companies. The Charlotte region, hungry for growth in the sector, has already received significant grants from the clean-energy programs in the bill.

The largest was the $42.9 million awarded to Celgard, a local subsidiary of Charlotte-based Polypore International Inc. That will help Celgard beef up production of membranes used in lithium batteries to power electric vehicles.

That effort will create 200 jobs. Celgard has payroll of 300 at its plant on Carowinds Boulevard. But it’s not clear whether all the new jobs will be in the region. The company intends to use the stimulus funding to help build a second plant, but Mitch Pulwer, general manager, says Celgard has not decided on a site.

Chemetall Foote Corp. in Kings Mountain, a division of Germany-based Chemetall, will also be working on batteries for electric vehicles, using a $28.4 million grant.

Full story here: creativeloafing.com

November 5, 2009

Best Companies to Work for in Charlotte: Red Ventures Ranks 6th in 2009

For the second consecutive year, Red Ventures has been named one of the city’s best companies to work for by the Charlotte Business Journal. The rapidly-growing online marketing and sales company was honored for its unique culture that rewards entrepreneurship and risk-taking.

Red Ventures ranked 6th among medium-sized companies on the 2009 Best Places to Work list. Winning firms were selected based on the outcome of nearly 40,000 employee surveys collected and analyzed by Quantum Market Research.  Finalists were chosen based on employee responses to questions about each company’s policies, practices and benefits.

Red Ventures generates new customers for leading home and business services companies in satellite television, home security, internet services and several other markets. Despite a lingering recession, the company continues to grow, recently announcing plans to expand into South Carolina and add 1,000
new jobs over the next several years. Red Ventures currently has 700 employees in five locations.

“We’ve worked hard to create an environment in which all employees can contribute meaningfully to the business and have fun at the same time,” said Melinda Narciso, director of human resources. “Our continued growth is a direct result of a culture that encourages people to test new ideas and challenge assumptions.”

Full story here: reuters.com

November 5, 2009

Bank Of America Having Difficulty Taking A Hint

No one (not currently on payroll in Charlotte) wants to be CEO of Bank of America. That much is obvious. Not Ken Lewis, not anyone. Included in that group of people: Bank of New York Mellon Robert Kelly. And yet, despite having their calls forward to The Rejection Line, several times at this point, BAC seems to be having some difficulty getting the message. Concluding that brain trust down south would not fuck off and leave him alone unless a more direct approach was taken, the Kelly shot the team this message:

From: Robert P KellyTo: Operating Committee

Date: 11/04/2009 02:00 PM

Subject: Bank of America Speculation

——————————————————————————-

There have been some press reports this week that say I might be interested in the CEO job at Bank of America. I want to be clear: I am not interested.

Frankly, the Wall Street Journal got it right when they said I wouldn’t leave because our company is well positioned with a very bright future. I couldn’t agree more. I look forward to crafting the future with you.

Bob

Full story here: www.dealbreaker.com

November 5, 2009

New Knoxville program helps laid-off workers reinvent selves in green jobs

With the help of a new Knoxville Tennessee Career Center program, about 22 workers laid off from Sea Ray Boats, Alcoa Inc. and other employers are reinventing themselves for careers in green jobs.

The center, at 1600 University Ave., has been hosting job fairs for the newly certified environmental technicians and has one planned 10 a.m.-noon Nov. 17. Companies have been invited to give presentations and meet with the job candidates, said Patrick Wade, career specialist in charge of the center’s effort.

“Generally, we will be holding these every Tuesday,” he said.

Two companies participated at a job fair last month. Emily Hatfield, career center manager, said she hopes for a better response as word of the program gets out.

“We will continue holding job fairs until we find jobs for this group of graduates,” she said.

Then, other training sessions might be offered, she said.

“This is a pilot program,” Hatfield said. “Depending on how well this goes, we may offer another class, probably in February.”

The program came about after she and Wade discussed the need to prepare displaced workers for green jobs, but found there was no place to get all the different training and certifications needed at once, Hatfield said. Certification for mold and asbestos abatement is done through the state and for hazardous waste operations through the federal government. Plus, courses tend to be expensive and out of reach of people who are out of work.

So, the center arranged with the International Chemical Workers Union Council, which has a nationally recognized HAZMAT training program, to offer the program locally.

The ICWUC held a five-week program that offered 40 hours in Hazardous Waste Operations and Emergency Response (HAZWOPER), 30 hours in Occupational Health and Safety Administration construction, four days in mold remediation, 16 hours in lead-based paint remediation, four days in asbestos remediation and one day in cardiopulmonary resuscitation and other first aid skills.

 Full Story Here: knoxnews.com