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Sealed Air CEO on Charlotte: 'The best combination we could find'
Moving Sealed Air Corp. (NYSE:SEE) to Charlotte will likely become a defining mark for Chief Executive Jerome Peribere. Peribere (pronounced perry-bear) was promoted to CEO of the packaging company in 2013, and not long afterwards, he began contemplating a headquarters consolidation. His company’s three divisions were flung across several states and countries. Much like MetLife Inc.’s (NYSE:MET) recent move here, Peribere wanted to bring all headquarters functions under one roof, along with key research and development operations. He picked Charlotte as his new home. Peribere, a Frenchman, says he will move to Charlotte and relocate 1,262 jobs to a new campus to be built in southwest Charlotte. The executive has been with the maker of Bubble Wrap since 2012, when he was hired away from The Dow Chemical Co. (NYSE:DOW), where he spent 35 years. Charlotte Business Journal
Submitted 3 days ago

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Charlotte goes snap, crackle and pop for Bubble Wrap headquarters
Charlotte, you are officially a B-list city: Banks, bananas, Bojangles — and now Bubble Wrap. When Gov. Pat McCrory brought up the fact that Sealed Air Corp. (NYSE:SEE) invented the common plastic packing material with small bubbles of air, audience members at this morning’s announcement ceremony began popping the sheets of Bubble Wrap in their seats. “That is great,” McCrory said with a big grin. Chamber President Bob Morgan was pleased with his idea to put sheets of Bubble Wrap on the seats at the Wednesday press conference. “That was mine,” he said after the announcement. McCrory was in his element back in Charlotte, where he served as mayor for 14 years. The Republican governor was full of smiles, pats-on-the-back and quips as he welcomed 1,262 jobs to town. Charlotte Business Journal
Submitted 3 days ago

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Raleigh tops Forbes' Best Places for Business list
Raleigh just topped Forbes’ list of Best Places for Business. Citing business costs – 18 percent below the national average – and an educated workforce, Forbes gives Raleigh the top slot over Des Moines, Iowa, which ranks at number two. The ranking coincides with economic development news throughout the last week - such as Merz North America's decision to move its headquarters to Raleigh. Raleigh, home of tech titans such as Citrix (Nasdaq: CTXS) and Red Hat (NYSE: RHT), isn’t a stranger to these types of lists – but neither are the other metros recognized. Triangle Business Journal
Submitted 3 days ago

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Forbes ranks San Antonio among best places to do business
Do you own a small business in San Antonio? Maybe you are the CEO of a major corporation, searching for a place to relocate or expand your company. If you are the former, grab a margarita and celebrate the fact that their are far worse places in which to set up shop. If you are the latter, the economic development folks in San Antonio will may pick up the tab for the margaritas if you give them a moment to pitch the merits of doing business in the nation’s seventh largest city. That pitch should include a mention about Forbes’ 2014 Best and Worst Places for Business ranking. San Antonio is No. 16 on the list. San Antonio Business Journal
Submitted 3 days ago

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Atlanta's Fox Theatre ranked No. 2 in world for concert ticket sales
The Fox Theatre is No. 2 in the world for concert ticket sales, among similar-sized venues, in the Venues Today 2014 “Mid-Year Top Stop” rankings. This is the second consecutive year the facility has been ranked No. 2 for facilities of 2,001-5,000 seating capacity. The Venues Today rankings, released in the July 2014 issue, are based on reported concert and event grosses from October 16, 2013 through May 15, 2014, according to a press release issued by The Fox Theatre. During this period, the Fox Theatre accumulated a total box office gross of $21,832,012, placing itself on the chart and in the company of mid-sized venues around the world such as the Ryman Theatre in Nashville and the Beacon Theatre in New York, the Atlanta venue said. Atlanta Business Chronicle
Submitted 3 days ago

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NCR said to plan 200 sales-and-IT job cuts in Atlanta
Financial technology firm NCR Corp. is planning to cut 200 jobs, Atlanta Business Chronicle has learned. The Duluth, Ga.-based maker of electronic kiosks and ATMs , is transforming into a technology and services company. It’s a pivot many industrial giants, including IBM and GE are making, to stay relevant in the digital age. The NCR (NYSE: NCR) cuts, expected to occur in the next few weeks, will affect sales and IT operations, a source said. The cuts involve the hospitality business, which include restaurants, cinema theaters and hotels, the source noted. The hospitality focused Radiant Systems business, which NCR acquired for $1.2 billion in 2011, is affected. Atlanta Business Chronicle
Submitted 3 days ago

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Community Development Needs a Quarterback
In her first public speech as Federal Reserve board chair, Janet Yellen highlighted a new player in in the community development field that we call the “community quarterback.” In her comments, Yellen singled out the quarterback model as a promising strategy for strengthening struggling communities that can, in turn, strengthen local job markets. ssireview.org
Submitted 3 days ago

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Tour Allure: Non-traditional ways to increase tourism rates and revenue
Tourism can boost a city’s reputation, but it can also bring in a wealth of cultural and financial capital.
 Some states have tried to bolster tourism by offering tax breaks to tourism-related businesses. According to state materials, in 2013 Georgia passed its Tourism Development Act, under which companies that build new tourist attractions are entitled to a portion of their sales tax revenue. Mississippi offers a similar rebate program. americancityandcounty.com
Submitted 3 days ago

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‘The Walking Dead’ is filming in Atlanta again next week
The Walking Dead might be moving to their new walled-in community in Senoia, GA soon but for now they will be returning to the streets of Atlanta. onlocationvacations.com
Submitted 3 days ago

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Obama: Companies that avoid taxes are renouncing citizenship
Tax smackdown: President Barack Obama plans to go on the offensive later Thursday against companies that use cross-border mergers to avoid U.S. taxes, accusing them of essentially renouncing their American citizenship to shield profits. Bloomberg reports Obama will say in Los Angeles that companies using so-called inversions benefit from the economic advantages of being in the U.S. while adding to the tax burden of middle-class families. Democrats have called for action to stop inversions but analysts say near-term chances of legislation being enacted are very low. Marketwatch.org
Submitted 3 days ago

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