Charlotte expected to land Tepper-owned MLS team
Charlotte seems to have landed the next Major League Soccer expansion franchise, according to officials familiar with negotiations. The MLS Board of Governors will be discussing “potential expansion markets, including Charlotte” at its meeting Thursday. Sources say they’ll make the expansion announcement as early as Friday. James Mitchell, a Charlotte City Council member who chairs the economic development committee, says a large majority of council members support providing billionaire David Tepper as much as $110 million in public money to help land the team. Tepper also owns the Carolina Panthers football team.
vTv Therapeutics executive chairman steps down
(Triad Business Journal)
Jeffrey Kindler, CEO of Baltimore-based Centrexion Therapeutics Corp., is stepping down as executive chairman of High Point’s vTv Therapeutics Inc. after four years. He will remain board chairman of the clinical-stage pharmaceutical company. Kindler was chairman and CEO of Pfizer between 2006 and 2010.
Raleigh unicorn Prometheus Group acquires Dutch software provider
Raleigh-based Prometheus Group, an asset management software firm that was valued at more than $1 billion by its lead investor Genstar Capital earlier this year, acquired Netherlands-based software provider Roser ConSys. The Dutch company specializes in plant shutdown and outages software. It marks Prometheus’ second acquisition in recent weeks, after purchasing Engica, a U.K.-based software firm, in October.
N.C. Commerce releases 2020 development tier designations
(N.C. Department of Commerce)
The N.C. Department of Commerce disclosed its development tier designations for 2020, which determine state funding opportunities to assist in economic development. Each year, counties are ranked based on level of economic distress determined by factors such as unemployment rate, income and population growth. Gates, Hoke and Surry counties will shift from Tier One to Tier Two, reflecting improving conditions. Caldwell, Pitt, Onslow and Wilkes counties will move from Tier Two to Tier One, becoming eligible for the most significant state assistance.
Italian company machinery company expands in Reidsville
(Triad Business Journal)
Health care costs average 14% of N.C. median income, report says
(N.C. Health News)
North Carolinians spend a greater share of their money on health care costs than the national average, according to The Commonwealth Fund research group. A new report shows that in 2018, North Carolinians paid almost 14%t of the state’s median income on employer-sponsored health plan premiums and deductibles, up from 11% the previous year. The national average in 2018 was 11.5%.
Cook & Boardman makes fourth purchase in 14 months.
The Cook & Boardman Group LLC, a Winston-Salem-based distributor of commercial door entry solutions, bought Builders’ Hardware & Specialty Co. of Erie. Pa. It is the company’s fourth purchase in 14 months. Littlejohn & Co. LLC, a private equity company based in Greenwich, Conn., bought Cook & Boardman in October 2018 from Charlotte-based Ridgemont Equity Partners.
Wingo resigns as chairman of ChannelAdvisor board
(Triangle Business Journal)