Triad Business Notes

[cityboi]

Where did the article imply that NIMBY's were to blame here? Looks like it was because of a lack of information concerning the proposed company.

the planning board was also concerned because nearby neighbors were opposing the re-zoning.

Edited November 28, 2012 by cityboi

[gman430]

Herbalife announced today that they will create 493 jobs and invest $130 million at the former Dell plant in Winston-Salem: http://www.journalnow.com/news/local/article_9c97c95e-4a48-11e2-8929-001a4bcf6878.html

Edited December 20, 2012 by gman430

[Euphorius]

I wouldn't get too excited about Herbalife. They're finally starting to be exposed as a huge pyramid scheme, which is what the company really is, and their stock prices are falling fast. I was an IBO with Herbalife for several years. I watched numerous IBO's deplete their retirement accounts and go into bankruptcy from taking out loans, after being pressured to do so from their up-line,  to front load products and try out the newest marketing scheme that never resulted in the sales gains they promised. Sponsors pressured the IBO's they signed up to buy huge quantities of product up front so the sponsors checks would be bigger. They have some good products, but their business model is very shady, and their sales figures are inflated because of all the front loading of product.

 

On a brighter note, the VW assembly plant would be a big score. 

[RALNATIVE]

I wouldn't get too excited about Herbalife. They're finally starting to be exposed as a huge pyramid scheme, which is what the company really is, and their stock prices are falling fast. I was an IBO with Herbalife for several years. I watched numerous IBO's deplete their retirement accounts and go into bankruptcy from taking out loans, after being pressured to do so from their up-line,  to front load products and try out the newest marketing scheme that never resulted in the sales gains they promised. Sponsors pressured the IBO's they signed up to buy huge quantities of product up front so the sponsors checks would be bigger. They have some good products, but their business model is very shady, and their sales figures are inflated because of all the front loading of product.

 

On a brighter note, the VW assembly plant would be a big score. 

 

Insteatd of luring them the Triad would be wise to run Herbalife, and all of these other pyramid type businesses, out of town as quickly as possible. I recall that Amway used to operate heavily in the area. The congregation of these types of companies will likely cause other more substantial companies to reconsider locating there.

[cityboi]

I know sometimes it's hard to distinguish between a pyramid scheme and a legit multi-level market company like Greensboro based Market America. A clear pyramid scheme is a so called company who pays people to recruit others when there is no product. But some "companies" have products and have still been shut down by the government because it was determined they were pyramid scheme. Sometimes a product can be used as a disguise. There was a so call telecommunications scheme going around the Triad 10 years ago where products were being sold but the focus was about making money. The owner ended up going to prison. In the case of Herbalife, there definitely is a debate going on whether or not it is a pyramid scheme.

 

This article came out a few days ago. The feds could shut this company down because Herbalife is paying its sales staff far more money to recruit new distributors than to actually sell its products. The country of Belgium recently ruled Herbalife as an illegal pyramid scheme.

 

"Hedge fund manager alleges Herbalife is 'pyramid scheme'"

 

http://articles.latimes.com/2012/dec/20/business/la-fi-herbalife-ackman-20121221

 

Herbalife shares down on pyramid scheme allegation

 

  http://www.charlotteobserver.com/2012/12/20/3738495/herbalife-shares-slide-on-shorting.html

Edited December 27, 2012 by cityboi

[cityboi]

United Healthcare is adding 500 jobs in Greensboro. The new jobs will give the health insurance company about 3,500 employees in Greensboro and a total of about 4,800 employees in North Carolina. The Greensboro location is the headquarters for North and South Carolina. The company also has offices in Charlotte, Cary, Concord and Wilmington. Also part of the jobs will go to Greensboro based Optum's health services.

http://www.news-record.com/news/business/768734-63/unitedhealthcare-adding-500-jobs-in

 

Also Procter & Gamble is adding 200 jobs in Greensboro and expanding its operations. The Greensboro plant makes brands such as Crest toothpaste and Old Spice. The majority of all Crest toothpaste is made in Greensboro.

http://www.newsobserver.com/2013/02/16/2686106/procter-gamble-to-add-200-jobs.html

Edited February 19, 2013 by cityboi

[cityboi]

 

 Metalworks company O'Neal in Greensboro is investing $2 million and adding jobs

 

 http://www.bizjournals.com/triad/news/2013/02/15/oneal-investing-2-million-adding-20.html

Edited February 20, 2013 by cityboi

[cityboi]

 

 Pharmaceutical manufacturer creating 123 jobs outside of Greensboro

 

http://www.digtriad.com/news/article/270621/57/More-Jobs-Coming-To-Guilford-County-

 

 http://myfox8.com/2013/02/22/pharmaceutical-manufacturer-creating-123-jobs-in-guilford-county/

Edited February 22, 2013 by cityboi

[cityboi]

Piedmont Triad International Airport and DOT officials seek to accelerate road projects to attract industry. This comes after two unnamed airframe manufacturers passed on setting up operations at PTI because of a lack of available land and runway access. PTI has become a hot bed for aviation related industries. Honda Aircraft Company has its world headquarters and a jet factory at PTI.

Part of the project includes a airplane taxiway that will cross over a future segment of I-73 in Greensboro. Commuters along I-73 will see big airplanes crossing over the interstate. This is similar to Atlanta where one of Hartsfield-Jackson's runways run over I-285. So this will be a unique project for North Carolina.

http://www.news-record.com/home/831439-63/report-pti-dot-officials-seek


Taxiway Over I-73 Could Open PTI Development Floodgates

http://www.carolinajournal.com/articles/display_story.html?id=9363

Edited March 1, 2013 by cityboi

[cityboi]

Greensboro/High Point ranked No. 6 nationally for industrial expansions.

 

Greensboro/High Point metro area has been named one of the most successful regions in its class for the number of industrial expansions in 2012, according Site Selection magazine.

 

http://www.news-record.com/home/848430-63/greensborohigh-point-ranked-no-6

[cityboi]

Winston-Salem based BB&T becomes the 12th largest bank in the United States. The bank continues to grow and has bought naming rights to baseball stadiums in Winston-Salem and Charlotte.

 

http://www.bizjournals.com/triad/blog/morning-edition/2013/03/bbt-becomes-12th-largest-bank-in-us.html

 

BB&T Corporate Headquarters in downtown Winston-Salem

 

BB&T Tower with the former Wachovia Bank corporate headquarters in the background

 

BB&T Ballpark overlooking Winston-Salem's skyline

 

Edited March 22, 2013 by cityboi

[kdub1]

If anyone had Belk moving to a still un(der)developed area at US 311/Old Plank Rd/N. Main, I have bad news for them: http://www.hpe.com/news/business/x145784100/Belk-to-leave-mall-for-north-High-Point#.UVMPSLFKeFQ.facebook

 

Now, I'm not surprised that Belk is leaving the mall, but I am surprised that it's choosing the Palladium since it's already prospering without any retail stores. 

[kdub1]

Earlier this week, the High Point Greyhound station closed. No explanation has been given, nor have there been any stories in the local press explaining the closure.

[kdub1]

The station has been boarded up

[cityboi]

Gerbing's Heated Clothing, which is a supplier for Harley Davidson plans to move to Greensboro. The company is looking for 6,000 square feet in downtown Greensboro and a building across from the civil rights museum is being eyed. This comes on the heels of another company which announced its constructing a corporate headquarters in downtown Greensboro.

 

The tech apparel company was founded in Tacoma, Washington in the 1970s and moved to Stoneville, NC two years ago. Now the company needs more space and if it choses a building in downtown Greensboro to renovate for its headquarters, it could include a retail store for its clothing products.

 

http://www.news-record.com/business/local_business/article_b620352e-ef24-11e2-b5cb-001a4bcf6878.html

 

 

Gerbing's may locate HQ in Greensboro - Greensboro - The Business Journal

 

I believe this is the building Gerbing's is considering. Its located at the corner of South Elm Street and February One Place across from the International Civil Rights Museum. It would be perfect for a clothing store on the first floor with corporate offices on the upper floors. The five story Myers Building was built in 1924.

 

http://www.loopnet.com/Attachments/1/B/3/1B3987BD-AC2B-4338-8FCB-2891480DF0AA.jpg

 

Edited July 18, 2013 by cityboi

[cityboi]

Lenovo computer plant outside of Greensboro may manufacture smart phones

 

link

http://www.bizjournals.com/triad/news/2013/08/15/exclusive-lenovos-jay-parker-says.html

Edited August 15, 2013 by cityboi

[cityboi]

Southern Business Development Magazine says the Piedmont Triad has the best chance for a new automobile plant in the South.

 

“The Greensboro, N.C. region — really the entire Piedmont Triad region — is our No. 1 spot in the Southern Auto Corridor that we believe can support a new assembly plant based on labor availability and quality, its location and its history of just missing with the Big Kahunas,"

 

 

 

“Even though there are no rumors to base our pick, we believe that one of the next two automakers announcing greenfield plants in the Southern Auto Corridor will pick a site in the Piedmont Triad region of North Carolina,"

 

http://www.bizjournals.com/triad/blog/2013/10/report-triad-chatham-the-souths.html

Edited October 11, 2013 by cityboi

[krazeeboi]

It will all come down to incentives. Historically, NC has been smart and has made sure the ROI is worth the incentives given, while other states like SC and AL will sell their firstborn for a big manufacturing outfit with cost/benefit analyses playing less of a role in the decision-making process.

[cityboi]

Greensboro based Honda Aircraft Company could expand again. The company manufactures jet airplanes at PTI airport

 

http://www.bizjournals.com/triad/blog/2013/10/honda-ceo-stays-mum-on-potential.html

[cityboi]

Greensboro based NewBridge Bank becomes one of the largest community banks in North Carolina after merger. It will merge with Raleigh based Capstone Bank. the name will remain NewBridge and the headquarters will remain in Greensboro. NewBridge has branches all across North Carolina, including Wilmington and Charlotte.

 

http://www.bizjournals.com/triad/news/2013/11/01/newbridge-capstone-merger-to-create.html

Edited November 1, 2013 by cityboi

[zalo]

Two of North Carolina's largest Hospitals are in Winston-Salem. The only major city in the state with more than one. Looks like Durham isn't the only "City of Medicine".

http://www.bizjournals.com/triad/blog/2013/11/top-of-the-list-nc-hospitals.html?s=image_gallery

[cityboi]

 

Gerbing's Heated Clothing, which is a supplier for Harley Davidson plans to move to Greensboro. The company is looking for 6,000 square feet in downtown Greensboro and a building across from the civil rights museum is being eyed. This comes on the heels of another company which announced its constructing a corporate headquarters in downtown Greensboro.

 

The tech apparel company was founded in Tacoma, Washington in the 1970s and moved to Stoneville, NC two years ago. Now the company needs more space and if it choses a building in downtown Greensboro to renovate for its headquarters, it could include a retail store for its clothing products.

 

http://www.news-record.com/business/local_business/article_b620352e-ef24-11e2-b5cb-001a4bcf6878.html

 

 

Gerbing's may locate HQ in Greensboro - Greensboro - The Business Journal

 

I believe this is the building Gerbing's is considering. Its located at the corner of South Elm Street and February One Place across from the International Civil Rights Museum. It would be perfect for a clothing store on the first floor with corporate offices on the upper floors. The five story Myers Building was built in 1924.

 

http://www.loopnet.com/Attachments/1/B/3/1B3987BD-AC2B-4338-8FCB-2891480DF0AA.jpg

 

 

 

The apparel company will be relocating its corporate headquarters in the historic building above on South Elm St in Downtown Greensboro. The company now owns brands such as Duck Head. I remember wearing Duck Head pants in the 1980s.

 

http://www.news-record.com/news/local_news/article_272a8534-4705-11e3-a1c3-001a4bcf6878.html

 

http://www.bizjournals.com/triad/blog/2013/11/duck-head-apparel-to-be-relaunched-in.html

Edited November 7, 2013 by cityboi

[cityboi]

"Project Haystack" in eastern Guilford County could become one of the largest tech developments in the Southeast United States.

 

 

"Over 20 years, the site could become one of the largest tech developments in the Southeast, with 6.65 million square feet of data centers and 4.75 million square feet of advanced manufacturing."

 

http://www.news-record.com/news/local_news/article_9c147469-1a97-502e-954f-cdc69f544fec.html

Edited November 29, 2013 by cityboi

[cityboi]

city leaders trying to lure Boeing Airplane assembly plant to Greensboro. Would be great to land this on the heels of Honda Aircraft Company which has its world headquarters and a jet assembly plant in Greensboro at PTI. The city's aviation cluster, the FedEx hub and its location at I-40, I-85, and I-73/74 should make Greensboro stand out. Boeing said its looking for an airport area with good road and rail access. Greensboro ranks better than average in that department. In addition, Greensboro also has an aviation school (GTCC) near the airport that would train a future workforce. If Greensboro were to land the plant, it could be as large as 4 million sq ft and cost as much as $10 billion, probably the most expensive project in Greensboro's history. The plant could eventually employ more than 8,000 people. It would be a game changer for Greensboro. Local and state officials are speeding up the airplane taxiway bridge project over I-73 which will open the airport up to hundreds of acres of land for a manufacturer like Boeing. In North Carolina Boeing is looking at three site (Greensboro, Charlotte and the Global Transpark in Kinston) In terms of infrastructure, Greensboro has the edge in North Carolina along with its location between Charlotte and the Triangle. These were big reasons FedEx chose Greensboro for its Mid-Atlantic Air Cargo Hub. There are some hurdles to overcome though. First of all The Charleston, SC area already has a Boeing plant and the company could decide to just expand the operation there. Secondly, North Carolina would be in a bidding war with multiple states and with a republican controlled general assembly, can North Carolina be a competitive state in regards to incentives?

 

video

http://myfox8.com/2013/12/05/greensboro-officials-trying-to-bring-boeing-plant-to-the-triad/

 

 

 

Piedmont Triad Intl airport officials said:

 

“We have received an RFP from a very large aircraft manufacturing company to locate a site, and we are right now working on a response to that RFP,”

 

http://www.bizjournals.com/triad/blog/2013/12/hoffman-confirms-triad-in-the-running.html

 

http://www.news-record.com/business/article_2d5f67b0-5dd2-11e3-8e99-001a4bcf6878.html

 

http://economictimes.indiatimes.com/news/international/business/boeing-may-spend-10-billion-on-777x-jet-plant-report/articleshow/26934892.cms

Edited December 6, 2013 by cityboi

[cityboi]

News of Greensboro'rs bid for Boeing is making its way around the country. Greensboro would fit like a glove for Boeing.

 

http://blogs.seattletimes.com/boeing/2013/12/09/greensboro-n-c-joins-list-of-boeing-777x-suitors/