Companies & People
M&F rejects rival proposal ahead of Optus merger vote
DURHAM — M&F Bancorp rejected a rival proposal offering $12 cash plus preferred stock per share as an Oct. 7 vote on its Optus merger approaches.
NC Business Desk
News
Development & Infrastructure
Heatherwood pays $27.5 million for Charlotte South End site
CHARLOTTE — Heatherwood paid $27.5 million for 2.5 acres at 100 and 128 E. Park Ave. in South End, marking its second Charlotte acquisition.
Government & Business
UNC panel backs $1.25 million for Lineberger expansion planning
A UNC-Chapel Hill committee backed a $1.25 million planning increase for the Lineberger expansion, bringing advance-planning authority to $2 million.
Companies & People
Hornets add over-the-air TV in eight Carolinas markets
CHARLOTTE — Agreements with Gray Media and Sinclair extend Hornets broadcasts beyond Charlotte to eight N.C. and S.C. markets.
Companies & People
H3Pelvic wins $2.2 million NIH grant for commercialization
WINSTON-SALEM — The Phase II award gives the medical-device startup funding for early commercialization and user protocols for its investigational pelvic-pain system.
Government & Business
Gaston County approves incentives for 150-job Project Legacy
GASTONIA — Gaston County approved its highest-level incentive for Project Legacy, a prospect considering $70 million to $75 million and at least 150 jobs.
Companies & People
Hurricanes land Spectrum carriage for team-owned TV network
RALEIGH — The Hurricanes secured a multi-year Spectrum agreement, giving the team-owned network broad regional cable distribution.
Companies & People
Ramona Optics raises $25 million to expand Durham operation
DURHAM — Ramona Optics raised $25 million to scale sales and engineering as the microscope maker moves into a larger downtown office.
Economy & Workforce
Charlotte deposits fall $44.6 billion as Wells Fargo drops 27%
CHARLOTTE — Bank deposits booked to Charlotte-area branches fell $44.6 billion in the year ended June 30, with Wells Fargo’s local total dropping 27%.
Companies & People
Blum plans $82 million Lincoln County expansion, 20 jobs
STANLEY — Blum plans an $82 million expansion of its Lincoln County furniture-hardware operation, adding 20 jobs and a 67,000-square-foot showroom and office building.
Government & Business
Rowan County approves incentives for 280-job Project Tribe
SALISBURY - Rowan County commissioners approved a five-year performance grant for Project Tribe, a confidential manufacturer considering a 280-job, roughly $63 million operation in the county.
Development & Infrastructure
New Bern airport wins $750,000 grant to pursue Dulles service
NEW BERN — Coastal Carolina Regional Airport won a $750,000 federal grant to pursue daily Washington Dulles service, though no route is yet guaranteed.