A Connecticut-based lender, Knighthead Funding, is providing a $34 million loan for the conversion of the former Morrisville Outlet Mall into what it calls a “creative office campus.”
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Startup Stampede, the South’s consumer product incubator, has selected nine emerging consumer product companies to participate in the 2018 program from March 1 through May 4 in Durham, North Carolina. The program is free for entrepreneurs thanks to a two-year $100,000 startup ecosystem grant from NC IDEA.
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New Jersey-based commercial solutions company Conduent Commercial Solutions will terminate nearly 270 employees at its Raleigh branch in April due to poor business conditions, according to a WARN Notice filed with the North Carolina Department of Commerce.
Read MoreMorrisville plant geneticist Hsi-Chuan Chen is proving that science sells on the Internet. Using a clear gel he created in a lab to simulate the perfect environment for a plant to grow and live, his startup Orchid Gene sells miniature floral terrariums on Amazon, Etsy, eBay and its own e-commerce site. This December, Chen is selling over $1,000 of product—or 50-60 plants—each day. The growth has been exciting for Chen, a native of Taiwan who moved to Raleigh in 2008 to get a PhD from NC State University in plant biotechnology. After graduation in 2013, he worked in bioengineering at Tyton...
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