Monitoring the economic pulse of the Triad
by Jordan Green
Private university to open High Point campus
South University, a private institution of higher education, has announced plans to open a new campus in High Point near the intersection of Interstate 40 and NC Highway 68. The 40,000-square foot facility, which is slated to open in January, will accommodate almost a thousand students and will include classrooms, labs, a library and office space. South University, which was founded in 1899, currently has 16 locations, mostly in the Southeast and including ones in Charlotte and Raleigh. A press release issued by the university said the High Point campus will initially offer masters degrees in business administration and clinical mental health counseling; bachelors degrees in psychology, business administration, criminal justice and healthcare management; and an associates degree in paralegal studies.
Greensboro pharmaceutical company to add 14 employees
Piedmont Pharmaceuticals, a Greensboro-based company that makes animal health products, will more than double its work force from 12 to 26 and invest $279,000, the office of Gov. Bev Perdue’s office announced on Monday. The company is receiving an $88,000 grant from the state’s One North Carolina Fund as an incentive for the expansion. CEO Roland Johnson said the company selected North Carolina for its expansion because of the state’s “talented pool of experienced life science professionals and start-up support from the NC Biotechnology Center and NC Commerce Department. The new jobs will pay an average of $108,429 plus benefits, compared to the county’s average annual wage of $40,196, according to governor’s announcement.