Fayetteville mayor proposes raise to $16/hour for 900 employees
(The Fayetteville Observer)
Fayetteville Mayor Mitch Colvin has submitted a new proposal for the city council which would give at least 900 city employees pay raises to $16 an hour. It’s part of a goal to increase salaries for full-time city employees to a “livable wage.” According to a study cited by the mayor, only 700 out of the city’s 1,600 employees can afford the average rental cost of $819 per month.
N.C. has 14th-highest credit card debt in nation
North Carolina has the 14th-highest credit card debt burden in the nation, according to CreditCards.com, a credit card resource website and marketplace. According to the report, which compares credit card debt to incomes, households in N.C. hold roughly $8,264 in credit card debt, the 26th-lowest average in the country. However, the state also has the 11th-lowest median annual income of $53,855.
North Carolina Museum of Natural Sciences names next director
(N.C. Department of Natural and Cultural Resources)
The North Carolina Museum of Natural Sciences has named Eric Dorfman to serve as its next museum director, starting in 2020. Dorfman currently works as director for the Carnegie Museum of Natural History and Powdermill Nature Reserve in Pittsburgh. The N.C. Museum of Natural Sciences is the largest natural history museum in the Southeast and one of Raleigh’s most-popular tourist attractions.
BB&T, SunTrust deny Truliant trademark claims in lawsuit
(Greensboro News & Record)
With the merger of Winston-Salem’s BB&T Corp. and Atlanta-based SunTrust Banks Inc. just two days away, the two companies forming Truist Financial Corp. have filed denials of trademark infringement claims against Truliant Federal Credit Union. Truliant, which is based in Winston-Salem, claims the Truist brand would create “digital marketplace confusion” where it heavily operates in the Triad and Charlotte, which would create “irreparable harm.” Truist has denied those claims and requested a judge dismiss the lawsuit with prejudice, meaning Truliant can’t refile.
Raleigh tech startup lands $4.7M for expansion
Allstacks, a Raleigh startup that uses artificial intelligence to improve software development, landed $4.7 million in capital. The company plans to use the seed funding to add staff and expand capabilities at its Raleigh headquarters and office in Austin, Texas. The funds came from seven investors including Boston-based Hyperplane Venture Capital, New York’s Uncommon Denominator and Silicon Valley’s Wildcat Venture Partners.
Harris Teeter to close Charlotte location, affecting 77 workers
(The Charlotte Observer)
Kroger subsidiary Harris Teeter is closing a store in Charlotte’s University City area, impacting 77 workers. The 45,000-square-foot operation will close on or before Jan. 5. Employees were notified Monday and offered the opportunity to transfer to other locations. A company spokesperson said it was a “strategic decision” made after careful consideration.
500-acre development planned for Southeast Raleigh
(News & Observer)
Apex-based Halle Building Group, which belongs to Maryland’s Halle Companies real estate group, has revealed plans for a 514-acre mixed-use development in the Triangle. The multi-stage Olde Towne project will consist of 24 buildings with 288 apartment units, a clubhouse, multiple parking decks and recreational amenities. The current timeframe ranges from 10-12 years, according project officials. Development can’t begin until the group receives permit approvals for 278 acres involved in stage two of the project, which could occur in the summer next year or in 2021.
Merck announces $57M expansion in Wilson County
(Triangle Business Journal)
Pharmaceutical giant Merck Sharp & Dohme Corp. has announced plans for a $57 million expansion of its Wilson County vaccine-manufacturing facility. The latest expansion is expected to add 55 jobs with wages of about $59,000 annually. The news comes Merck announced a $680 million investment in the Triangle in July, with $30 million going to the Wilson County facility.