Sept. 22, 2010 12:00

bidness

Greensboro lands national swim competition

The Greensboro Aquatic Center, which is under construction on High Point Road following a controversial bond passage, has landed its first event. The US Masters Swimming Spring Nationals competition will be held in April 2012. US Masters Swimming, the national governing body for adult competitive swimming, announced on Monday that the event will bring almost 2,000 adult swimmers, including many Olympians, to the aquatic center, which is scheduled to open next July. The Greensboro Area Convention & Visitor’s Bureau estimates that the four-day swim meet will generate more than $5.8 million.

Composites manufacturing operation relocates to High Point

Baltek, a company that makes composite products from balsa wood and foam for use in wind energy, military, marine and mass transit uses, is relocating from New Jersey to High Point, the city’s economic development corporation has announced.

The transition brings 68 jobs, including 56 newly created jobs paying an average annual wage of $43,544.

Baltek is a subsidiary of Swiss-based Schweiter Technologies.

The relocation was greased by economic incentives, including a $204,000 grant from the One North Carolina Fund, $94,500 from the city of High Point and $89,500 from Guilford County.

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