Construction began Wednesday on two new development projects on the Wilmington Riverfront.  One of the projects is a new Hotel Indigo, which WECT first reported about Tuesday. The other project is a marina that will include 204 boat slips, averaging 50 feet in size and ranging from 30 feet to 80 feet. Both projects are [...]

Caterpillar Inc. will expand its manufacturing facilities in Clayton, creating 199 jobs and investing $33 million over the next five years, Gov. Beverly Perdue’s office announced Wednesday.The announcement came as the state worked to recruit a major employer to Southeastern North Carolina.That employer’s name remains undisclosed, though officials with knowledge of discussions between Perdue and [...]

Bank of America Corp. plans to sell and lease back the Hearst Tower, a 46-story fixture on Charlotte’s skyline, and other properties as it works to streamline operations and expenses under a wide-ranging efficiency initiative, the bank said Wednesday. The Charlotte-based lender also is selling the Fifth Third Center uptown and 222 Broadway in New [...]

Historically, North Carolina manufacturing has been a backbone of our economy. It’s helped build the middle class. It will continue to be an important part of the economy moving forward. That’s why Secretary John Bryson has made supporting advanced manufacturing one of his top priorities. It’s also why President Obama—in his State of the Union [...]