Honda Aircraft Co. breaks ground on $20M MRO facility at PTI

Greensboro-based Honda Aircraft Co. broke ground this morning on a $20 million, 90,000-square-foot maintenance, repair and overhaul facility at Piedmont Triad International Airport, marking a milestone for the company’s plans toward initial production of its $4.5 million lightweight business jet later this year. Against a backdrop of massive earth-moving equipment lined up on 54 acres where the facility is planned, about 100 local and state officials and business executives gathered for the start…

First Citizens to open major new Triad office

First Citizens Bank will open its new main Greensboro office in Irving Park on Oct. 1 and host a grand opening event Oct. 18, the bank has announced. First Citizens (NASDAQ: FCNCA), which is based in Raleigh, is moving administrative personnel from its downtown branch into the new 30,900-square-foot, four-story building. First Citizens plans to close its downtown branch at 100 S. Elm St. in November. Click here for more.

Self Help says it can fix Revolution Mill’s woes

It will be the biggest historic redevelopment project in its history, but the nonprofit lender and developer Self Help said it is confident it can fulfill a vision of a fully reborn community along the Yanceyville Street corridor in Greensboro. Self Help Ventures Funds, the development unit of the Durham-based organization, won the foreclosure auction for the Revolution Mill, a sprawling 630,000-square-foot former Cone Mills textile plant that has been partially redeveloped into Class A office space.

Three Triad colleges receive $11.1 million in federal funds

The U.S. Department of Education is awarding $11.08 million to three historically black colleges and universities in the Triad. In Greensboro, N.C. A&T State University and Bennett College will receive $5.25 million and $1.46 million respectively. Winston-Salem State University will get $4.38 million. The funding is part of $227.9 million in five-year grants awarded to nearly 100 HBCUs nationwide by the Education Department. The money will be used to strengthen the schools' academic resources,…

PTI receives $6.1M grant for taxiway extension

The Piedmont Triad International Airport in Greensboro has been selected to receive a $6.1 million grant from the Federal Aviation Administration for a taxiway extension needed for Honda Aircraft Co.'s new $20 million maintenance, repair and overhaul facility. The grant will go toward a project to extend parallel Taxiway M from Taxiway M6 to the threshold of Runway 23L, according to an according to an announcement from U.S. Sen. Kay Hagan. “This funding will create jobs while providing much-needed…

Pharmaceutical company in Greensboro adding 14 jobs under expansion

GREENSBORO — Piedmont Pharmaceuticals is adding 14 jobs and investing $279,000 over the next three years as part of an expansion in Greensboro, the governor's office said today in a news release.

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Massive Reedy Fork Ranch was solid idea, leaders say

GREENSBORO — Mayor Robbie Perkins was a member of the City Council that in 2000 annexed the Reedy Fork Ranch area in anticipation of 3,700 houses plus retail stores, offices and other projects on a 1,300-acre tract on U.S. 29.

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