The Piedmont Triad Partnership is shifting from a public entity to a private entity. One of the projects the organization is working on is to help develop an aviation hub around the Piedmont Triad International Airport.
The Piedmont Triad Partnership based in Greensboro was founded as one of the seven regional economic development offices across the state, tasked with creating a sense of regional identity and marketing its 12-county footprint. But this July, with the removal of all state marketing funding, regional economic development will make a significant shift as the Piedmont Triad Partnership begins operating as a private organization — one that no longer operates as a traditional economic development group, but rather a privately funded entity that’s focused on specific regional goals of its own choosing.
Greensboro-based electronic chip maker RF Micro Devices Inc. announced a major merger Monday. The company is buying Oregon-based TriQuint Semiconductor. It’s an all-stock deal valued at more than $1.5 billion. The merged company will have combined revenues of more than $2 billion.
Jim Westmoreland, Greensboro's new city manager, has worked for the city of Greensboro since 1996. He says one of the biggest challenges this year for city officials is figuring out how to fix a $5-million deficit in the city's budget.
With the new year, the city of Greensboro is reviewing its current economic recruitment strategy to see if there's a better way to land a major economic partner. Catherine Carlock covers economic development for The Business Journal. Carlock and WFDD's Audrey Fannin discuss the business community's rising frustration as major companies have expressed interest in the city, but then settled elsewhere.