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krazeeboi

By krazeeboi
in The NC Triad

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cityboi Metropolitan Area

cityboi

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New York based Centric Brands, an apparel company is asking the city of Greensboro for incentives to open up executive and design offices in downtown Greensboro in the old Wrangler/Blue Bell Jeans factory now under renovation.  Centric wants to bring over 200 high paying jobs to downtown Greensboro with an average salary of over $54,000 a year. Centric's apparel brands are high end.

These are the kind of creative class jobs Greensboro needs more of downtown. These kind of jobs also attract more high end apartments and retail downtown. If Centric opens offices downtown, this would be the biggest jobs announcement for the center-city in a long time.

https://www.greensboro.com/business/local_business/ny-apparel-company-wants-in-incentives-from-greensboro-to-open/article_5d925266-ae72-53e2-b96a-b2066d7a5195.html

Centric Brands would take up half of the space in the old denim jeans factory and is located at the corner of South Elm Street and Gate City Blvd. , across the street from the Union Square University campus. 

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Edited by cityboi
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cityboi
cityboi

It's now official. Toyota is coming to the Piedmont Triad! National headlines baby! https://abcnews.go.com/Technology/wireStory/big-north-carolina-factory-toyota-battery-plant-81579748

AlmaPinnix
AlmaPinnix

Volvo announced Global Headquarters for financial services in Greensboro. https://www.wfmynews2.com/article/news/local/volvo-announces-new-jobs-coming-to-greensboro/83-4af2255f-7576-4950-a016-783

KJHburg
KJHburg

It looks like Fresh Market HQ will indeed stay in Greensboro and move to downtown in the Wells Fargo Plaza according to reports in the Triad Biz Journal. 

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KJHburg Ecumenopolis

KJHburg

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^^^ I was just reading the story about it.  It would be a great win for Greensboro and even greater for downtown to have that kind of employer come in.  Li and Fung one of the worlds largest clothing makers has a back office operation in Greensboro already out by Grandover.  

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Rufus Hamlet

Rufus

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Not sure if this has been mentioned, but the VF spinoff remaining in Greensboro will be called Kontoor Brands. Looks to be just jeans and the former VF outlet. Jeans alone handled around $3bil in revenue, so I don't think a huge loss of employment is in the cards. Also, looks like some are moving to Greensboro from KC. Just the loss of a F500 brand, but gaining a F1000 brand is fine. And the jeans unit seems to have nice growth in revenue too. 

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cityboi Metropolitan Area

cityboi

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18 hours ago, Rufus said:

Not sure if this has been mentioned, but the VF spinoff remaining in Greensboro will be called Kontoor Brands. Looks to be just jeans and the former VF outlet. Jeans alone handled around $3bil in revenue, so I don't think a huge loss of employment is in the cards. Also, looks like some are moving to Greensboro from KC. Just the loss of a F500 brand, but gaining a F1000 brand is fine. And the jeans unit seems to have nice growth in revenue too. 

Yes Its not all bad news. Greensboro has always been known for the Jeans division Wrangler and we also picked up the Lee headquarters.

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KJHburg Ecumenopolis

KJHburg

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Gboro city council approved incentives for Centric Brands to open their 213 potential jobs to downtown Greensboro.

https://www.bizjournals.com/triad/news/2019/03/15/council-approves-incentives-to-support-213.html?ana=e_ae_set1&s=article_du&ed=2019-03-15&u=oAaDx%2B74FoP4qOJ%2By4AU6dhJPpc&t=1552684946&j=87262091

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KJHburg Ecumenopolis

KJHburg

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Good news for local tourism  International Irish dance festival coming to Greensboro.

https://www.greensboro.com/blogs/gotriad_extra/world-irish-dancing-championships-coming-to-greensboro-and-it-s/article_d8d3fd0d-0054-5257-b719-bfe09cd26a9b.html?utm_source=Business+North+Carolina+Daily+Digest&utm_campaign=21d722b6ef-EMAIL_CAMPAIGN_4_10_2019&utm_medium=email&utm_term=0_7ae5defd0d-21d722b6ef-122553233#new_tab

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KJHburg Ecumenopolis

KJHburg

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More about Kontoor and their new HQ in downtown Greensboro.  Spun off from VF which moved their 85 top execs to Denver 85 people from Lee Jeans moved from KCMO  to Gboro.  Net job loss zero.  1 company HQ left another one created.

https://www.bizjournals.com/triad/news/2019/04/26/kontoor-is-coming-opening-date-for-the-new-vf.html

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cityboi Metropolitan Area

cityboi

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With the news of Charlotte landing the headquarters of the Bank that will be created by the merger of SunTrust and BB&T, could Greensboro land the mortgage headquarters of the bank? SunTrust is moving its mortgage leadership team and some mortgage  operations  from Richmond to Greensboro, a move that hints Greensboro could land a third major headquarters which includes insurance services. SunTrust said its top mortgage leader, Todd Chamberlain would be included in the group that moves to Greensboro. Sun Trusts Mortgage headquarters is based in Richmond and moving its top executives to Greensboro hints the combined banks mortgage branch will eventually be headquartered  in Greensboro. SunTrust's current mortgage headquarters leases 400,000 square feet in Richmond. A larger combined headquarters in Greensboro could lease just as much. Look at the Lincoln Financial tower in downtown Greensboro, another insurance headquarters branch of a major bank. Roy Carroll just might have some tenants for his tower which could push that height up a little bit. Interestingly Richmond's mortage headquarters uses over 400,000 square feet of office space, the same amount needed for Carroll's Project 561 before he decided to go with a smaller office tower by the ballpark.

 

Greensboro is already the headquarters for Philadelphia based Lincoln Financial's insurance division as well as the headquarters for Arch Capital Mortgage Insurance  which is the largest mortgage insurance company in the United States. The city had always had a history in the insurance sector. Jefferson-Pilot Life  was one of Greensboro's fortune 500 companies until it was acquired by Lincoln Financial. But this latest news could mean that Greensboro may be taking steps to becoming a powerhouse in the insurance and mortgage financial sector.

Pay wall

https://www.bizjournals.com/triad/news/2019/05/23/suntrust-to-move-some-mortgage-operations-from.html

"A SunTrust spokesperson confirmed to Triad Business Journal that its mortgage leadership team in Richmond will move to Greensboro. Between 2 to 3 dozen members of SunTrust's mortgage team will move to Greensboro over the next two years, the company said."

 

 

"As for choosing Greensboro as the new hub for the combined company’s mortgage operations, SunTrust said it was seen as a central site between the home bases of two banks’ respective mortgage arms.

"Greensboro is centrally situated relative to our companies’ respective primary operating and servicing hubs in Richmond, VA, and Greenville, SC, and close to the proposed combined company’s headquarters in Charlotte,” SunTrust said in its email."

 

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cityboi Metropolitan Area

cityboi

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It's official. Centric Brands to locate 220 high paying jobs to downtown Greensboro in the Gateway Building at the corner of South Elm Street and Gate City Blvd. Average salary...$54,000 a year.

 

https://www.greensboro.com/centric-brands-to-locate-jobs-at-gateway-building-on-south/article_ffb51f50-de88-5f9a-8215-1960df08f62b.html

 

Also an 80 acre biotech mixed-use research and development campus "The Oasis Center" planned for north High Point near the Greensboro city limits near PTI.. Over 1,600 jobs to start. It will also incorporate residential and a hotel. 13 million square feet of office space.

https://www.bizjournals.com/triad/news/2019/05/29/biotech-entrepreneur-seeks-approval-of-80.html?iana=hpmvp_triad_news_headline

This is what its all about. These high paying jobs leads to growth and more downtown development. Greensboro/Guilford County has been getting a number of job announcements.

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cityboi Metropolitan Area

cityboi

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Massive research development in Guilford County closer to reality. The mixed-use research park will have 1.3 million square feet of office space. That's equivalent to six 20 story office towers filled with research related jobs. This is a huge deal for High Point and Greensboro as well as the entire Triad.

https://www.bizjournals.com/triad/news/2019/06/04/massive-r-d-center-moves-closer-to-reality-after.html?iana=hpmvp_triad_news_headline

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HRVT Hamlet

HRVT

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12 hours ago, rancenc said:

Winston-Salem could gain a headquarters but the expense of another Triad town.

https://www.journalnow.com/news/local/winston-salem-may-get-renfro-headquarters---and-jobs/article_6f2d8b3c-795b-539a-9fc9-4c225110c71b.html

Also buried towards the bottom of the article, an un-named data management company is considering creating somewhere between 367-444 new jobs that would average $39K/year.  The company has about 1500 jobs nationwide and the jobs in Winston-Salem would be back office operations, customer support, and HR. $39K isn't great... but it's better to have those jobs than not have them.

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