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Triad Business Journal
BizSpotlight: Cumberland Trust
NASHVILLE, TENN – Cumberland Trust, a Nashville-based independent trust company, announces Alyssa Mediate as Business Development Officer based in Knoxville, Tennessee. In this role, Mediate will work with Heather Savage, Senior Vice President and...
Triad health system will seek OK to build cancer hospital in Asheville
A year and a half after losing out on a bid to expand into Asheville, Novant Health will attempt to enter the region once again. <\p> The Winston-Salem health system said Tuesday it will apply to the N.C. Department of Health and Human Services for a Certificate of Need (CON) to build a 26-bed cancer-focused hospital in Buncombe County. Novant declined to disclose how much it expects the project to cost but confirmed it will be applying for the CON in the round of reviews slated for July 1. <\p>
Outstanding Women in Business 2024
Triad Business Journal on April 25 recognized our 25 members of the 2024 Outstanding Women in Business Awards, also featuring a keynote from Legacy Award winner Cathy Pace, at the Cadillac Service Garage in downtown Greensboro. This collection of honorees is the easiest way to access features on these businesswomen, exploring how they've made a difference in their communities, how mentoring has impacted them and their goals for the future. Learn more about Cathy Pace and her nearly five decades of leadership at Allegacy Federal Credit Union and in the community here, including a gallery of her at work and at play through the years. You can also find our initial announcement story of all of the 2024 honorees here. And if you'd like to go back a year to meet the 2023 honorees, you can access those features here, including last year's Legacy Award winner and a photo gallery from the 2023 event.<\p>
What an evolving retail landscape means for America's downtowns
The challenges facing America's downtowns are frequently linked to the staggering amount of empty office space sitting in towers. But another important segment of the downtown revitalization conversation is how to fill a growing amount of vacant retail space in cities across the country.<\p> Once the core shopping hubs of cities and metro areas, downtowns for many retailers have lost favor to more suburban locations, even predating the Covid-19 pandemic, thanks to population and demographic patterns. Even the suburban retail story has faced challenges, though, with U.S. malls posting an average vacancy rate of 8.7% in 2023 — the highest of any retail property type tracked by Jones Lang LaSalle Inc. (NYSE: JLL).<\p>
NY-based copper company ready to double workforce at Triad facility
It’s been in North Carolina only a little more than a year, but Revere Copper Products in Mebane expects to double its payroll as it taps into fast growing demand for copper used in applications like data centers and electric vehicles.<\p> “Right now we have more orders than we can make. We're turning customers away,” said Amy O'Shaughnessy, vice president of sales and marketing for the privately held company based in Rome, New York.<\p>
Country club waitlists are surging. What about initiation fees?
Country clubs that made it through the leaner years of the Great Recession and the turmoil of the Covid-19 pandemic are expected to see blue skies in 2024 and beyond — and that means waitlists at well-situated clubs will likely remain robust. <\p> Right now, indicators are showing clubs are largely in the driver's seat in 2024 with increased demand and limited supply, according to Chris Davis, a director at Club Benchmarking, which uses club data and evaluations to help them plan for their capital needs.<\p>
These are America's wealthiest colleges and universities
Endowments at the 100 wealthiest colleges in America fell by an average of 3.3% between 2021 and 2022, but they rose an average of 35% since 2019. <\p> That’s according to a recent Business Journals analysis of data from the U.S. Department of Education.<\p>
Truist consolidates regional leadership of Triad with Charlotte
Region will be overseen by executive split between Winston-Salem and Charlotte. Triad Commercial Real Estate Awards 2023 - BEST PROJECT AWARDS. Help us recognize leading CRE projects throughout the region. Nominate today!. 25 years later: A look at the Triad’s biggest news stories by year. Truist plans 'sizeable' job...
25 years later: A look at the Triad’s biggest news stories by year
As a business person in the Triad, what breaking news stories of the past 25 years really got your attention? Here's our take at TBJ of the biggest news story of each year as we looked back through our print and digital archives.
Exclusive: Lankford Wade, new CEO of Greensboro startup UpStream, plans to add 100 employees within a year
Lankford Wade is just four days on the job as CEO of UpStream, one of the Triad’s fastest growing startups, and he’s already planning rapid expansion. Wade told TBJ that Greensboro-based UpStream plans to add another 100 care team members in the next 6 to 12 months. Wade joined UpStream on Monday, after former CEO and co-founder Sanjay Doddamani quietly left the company in April. UpStream did not provide comment on Doddamani’s departure.
Don Flow, CEO of Flow Automotive, awarded North Carolina's top honor
In addition to running his automotive business, Don Flow chairs the Winston-Salem Open ATP tournament, the Winston-Salem Alliance board of directors and the Wake Forest Baptist Medical Center board of trustees. Triad Commercial Real Estate Awards 2023 - BEST PROJECT AWARDS. Help us recognize leading CRE projects throughout the region....
Greensboro restaurant group closes two Mrs. Winner's locations, plans more Chicken Salad Chick restaurants
Piedmont Restaurant Group of Greensboro is trading one chicken concept for another. Restaurant veteran brings Pizza Inn back to the Triad. Popular bookstore to move from Greensboro to Mebane. Natty Greene's plans new brewing facility. Growing local brewery acquires fourth Triad location. Peruvian chicken restaurant from Triangle to open first...
Cathy Pace retiring as Allegacy Federal Credit Union CEO at end of 2024
Firm engaged to search for replacement for the credit union's longest-serving employee. It's time to nominate a female business leader who is making a difference in the local economy and in the Triad community. Truist's top executive in the Triad to retire. Economic development chief of major Triad city retiring...
Team builder
Legacy Award winner Robin Team's relationships, regional focus make him Triad 'poster child'. TBJ's Legacy Award winner has from his earliest days in Lexington been a regional real estate player, developing projects from one of the region to the other. His company has placed into service about $800 million worth of real estate through ground-up development and acquisitions, the vast majority of it in the Triad. Team expects FSC to be responsible for "hundreds of millions in tax base creation" for 2023.
Gov. Cooper appoints local District Court Judge Tonia Cutchin to fill Bray Superior Court vacancy
The Democrat was elected to District Court in 2016 and re-elected in 2020. Join TBJ for a series concentrating on the downtowns of the three largest cities. We will wrap up the series with a concentration on downtown Greensboro. Register now. Deadline: Monday, January 2, 2023. Outstanding Women in Business...
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The Piedmont Triad region's source for local business news, breaking news alerts, newsletters, business intelligence and local business networking. An American City Business Journals publication.
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