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Triad Business Journal
Most top-performing companies take this position on pay transparency
Most top-performing companies are proving to be open and transparent about pay at a time when workers increasingly expect it.<\p> That finding comes from compensation data and software provider Payscale Inc., which recently analyzed companies that beat their own revenue goals to find what they had in common. <\p>
At long last, Greensboro opens new $43M February One Parking Deck
Seven years after city council approved the project, Greensboro on Monday opened the $43million February One Park Deck, which cost almost 50% more than the city originally budgeted.<\p> The five-story deck adds 720 spaces in downtown Greensboro. It also includes electric vehicle charging stations, automated pay systems and walk-up pay stations meant to speed up transactions easier. The deck has entrances on East Market Street and on Davie Street, and it will eventually have have an entrance on February One Place as well. It is across Market Street from the five-story Davie Street Parking Deck.<\p>
Greensboro hotel sells for more than $6 million
A Marriott chain hotel off of Wendover Avenue in Greensboro recently sold for more than $6 million dollars.<\p> Apple Eight N.C. LP sold the SpringHill Suites located at 6006 Landmark Center Blvd. for $6.6 million to Lakshmi MAA Inc., according to register of deeds fillings. <\p>
Recyclable-trays company seeking incentives for eastern Guilford
The company seeking economic-development incentives from Greensboro and Guilford County in return for 80 new jobs and an investment of nearly $27 million makes recyclable plastic food trays in Pennsylvania.<\p> The description was made in an agenda item for Tuesday's meeting of Greensboro City Council involving a resolution authorizing an incentive package valued at a maximum of $344,171 for a company known so far only as "Project Mercury."<\p>
Triad city boosts bid for spec buiding in burgeoning industrial area
The Rock Creek area is likely getting new spec buildings for light industrial or distribution uses as the I-40/85 corridor between Greensboro and Burlington gets increasingly industrialized.<\p> Burlington’s planning board recently recommended annexation and rezoning from agricultural to a medium-density industrial classification for a site consisting of 10 parcels along N.C. 61 next to the northern finger of Lake Mackintosh. The site is in Guilford County but within Burlington’s extra-territorial jurisdiction.<\p>
TBJ reveals the Triad's largest continuing care communities
A recent survey by Action Greensboro revealed, not surprisingly, that the Baby Boomer generation is aging out of Guilford County's workforce to be replaced by the Gen Xers, those born between 1965 and 1980.<\p> While some Baby Boomers will choose to age in place, others might be looking for a step down option from the obligations of home ownership. Look no further than this week's list where the Triad Business Journal looks at the Triad's continuing care communities ranked by the number of licensed health-related units.<\p>
Small-business grants you can apply for this month
Despite the seemingly endless number of challenges that come along with being a small-business owner, the vast majority of entrepreneurs recommend it. <\p> A survey of employed adults and small-business owners by Justworks and The Harris Poll earlier this year revealed that 93% of small-business owners would recommend business ownership to others, with 59% saying it was easier than they had anticipated. <\p>
More workers are staying with their current employer in 2024
Most U.S. employees are now choosing to stay with their jobs instead of looking for new ones, a sharp turnaround from the job reshuffling that was common during the Covid-19 pandemic. <\p> A new survey by global advisory firm WTW found 72% of employees are choosing to stay with their employer — up substantially from the 53% who said the same thing in 2022. Back then, about 25% of workers were open to job offers, compared to just 11% now.<\p>
Prospective homebuyers are missing out as sellers cut their prices
The chronically troublesome housing market is seeing more price drops, but that doesn’t necessarily translate into relief for homebuyers.<\p> Data from real estate firm Redfin Corp. shows 6.4% of active listings on the platform had a price drop through the week ending May 26. While that's not a massive portion of listings, the percentage is substantially higher than the 4.4% of listings with price drops recorded during the same time in 2023.<\p>
A rising cost for companies and employees takes hold as summer arrives
Editor's Note: Welcome to The Playbook Edition, a look at stories, trends and changes that could affect your business and career. Want more stories like this in your inbox? Sign up for The Playbook newsletter. <\p> In the coming weeks, schools around the nation will be out, and many employees will find themselves scrambling for child care options.<\p>
A resource for caregivers: The Triad's largest assisted living options
There are a great number of concerns caregivers must attend to, and one of the foremost is where to place a loved one needing assistance.<\p> This week, Triad Business Journal offers a look at the Triad's largest assisted living facilities ranked by the number of assisted living units.<\p>
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