Governor Cooper signed House Bill 1105 into law after it was passed by North Carolina’s General Assembly. This is North Carolina’s third COVID relief package, and it allocates funds for the following: Small Business Grants Education PPE Child care services COVID testing The legislation provides specific relief in the form of a one-time payment of… Read More »
Author: Greater Winston-Salem, Inc.
NC Approves Third Coronavirus Relief Bill
Employee Deferral of Payroll Tax
In August President Trump signed an Executive Order providing additional relief to Americans during COVID-19. The Executive Order provides an optional payroll tax deferral of the employee’s portion of social security withholdings from September 1, 2020 to December 31, 2020. Employers have been able to voluntarily defer their portion of the Social Security since April… Read More »
Medtech Company in the Innovation Quarter teams up with IBM Watson to address drug shortages
IBM (NYSE: IBM) Watson Health and OrbitalRX® today announced a strategic collaboration that aims to help address the emerging drug shortage crisis. OrbitalRX offers a digital management platform for hospital pharmacies and has locations in the Innovation Quarter and in Raleigh. The companies are combining OrbitalRX’s Drug Shortage Management Platform and IBM® Micromedex® into one unified solution called “OrbitalRX and Micromedex,” designed… Read More »
Lowes Foods parent company Alex Lee acquires 20 new stores
Alex Lee, Inc., the parent company of Winston-Salem based Lowes Foods, announced an agreement to purchase 20 BI-LO stores in South Carolina and Georgia from Southeastern Grocers, Inc. The addition of these stores will enable Alex Lee to expand its geographic footprint, enhance operations across these markets, and offer great customer service for shoppers in… Read More »
NC enters Phase 2.5 COVID-19 reopening on Friday
North Carolina is moving to phase 2.5 of Governor Cooper’s three-phased plan. The eased restrictions will begin at 5:00 p.m. this Friday. Phase 2.5 allows: Outdoor playgrounds can reopen. Indoor playgrounds can operate at 30 percent capacity, or up to seven people per 1,000 square feet. Museums and aquariums can operate at 50 percent capacity,… Read More »
Meet the Startups in the Center for Creative Economy’s Velocity Accelerator
The Center for Creative Economy has selected 10 creative entrepreneurs to participate in the organization’s fifth creative accelerator. Velocity is an intensive high impact program that helps creative entrepreneurs discover their target customers, develop business models, and develop a go-to-market strategy. Top startups in this 9-week program will split a pool of $50,000 in seed-stage… Read More »