A Chance to Unlock Unrealized Capital Gains and Invest Where It’s Needed You may have heard the term “Opportunity Zones” and wondered what that means for property investors. Opportunity Zones are designed to drive investment money to certain geographic areas — and they offer investors significant tax benefits for doing so. Here in Winston-Salem, thanks… Read More »
Category: Economic Development
Opportunity Zone Funds
Business 40 Closure Date Set for November 11
The N.C. Department of Transportation announced Tuesday that the 1.2-mile section of Business 40 between Peters Creek Parkway and U.S. 52. will close on Sunday, November 11, at 8 a.m. Beginning Nov. 11, all Business 40 traffic will be diverted to I-40, Peters Creek Parkway and U.S. 52. Vehicles will be able to take those… Read More »
Company Expansion Creates 50 New Jobs
The Clearing House Payments Company, LLC, a financial payments company, will expand in Winston-Salem creating 50 new jobs, Governor Roy Cooper announced. The company will invest $24.6 million in this expansion. “The financial services industry continues to thrive in North Carolina, and we have some of the top talent in the nation thanks to our… Read More »
Economic Development Update: Hyatt Place coming to downtown Winston-Salem
New Hyatt Place hotel featuring modular construction coming to downtown Winston-Salem Mayfair Partners plans to use a modular stacked method using cold-formed steel to construct a new Hyatt Place hotel (NYSE: H) on a lot adjacent to the Hotel Indigo it is developing in Winston-Salem’s historic Pepper Building, according to principal Simon Burgess. Burgess said… Read More »
Economic Development Update: New Residence Inn opens in the Triad
A new Residence Inn by Marriott opens in Winston-Salem BPR Properties, the High Point-based hotel developer, is opening its new Residence Inn by Marriott in Winston-Salem, said Birju Patel, president of the company. The 108-suite hotel, which is located at 3885 Oxford Station Way, was announced in 2014. It was originally reported that the project… Read More »
Economic Development Update: Study says North Carolina is best state for starting a business
North Carolina is top-ranked for new businesses Entrepreneurs and business owners need look no further than the Tar Heel state to set up shop — North Carolina came out on top in a new study of the best states to start a business. The study, conducted by Fit Small Business, cited the state’s labor market… Read More »