Monitoring the economic pulse of the Triad
MOSES CONE BREAKS GROUND ON NORTH TOWER
Moses Cone Health System continues its building spree with a groundbreaking for its new North Tower on Wednesday. The hospital plans to invest $200 million in the project, which includes more than 260,000 square feet of new facilities and 83,000 square feet of renovations. The North Tower is expected to house 96 private patient rooms, 16 operating rooms and a new, expanded emergency department.
SUNSTATES SECURITY EXPANDS AND RELOCATES WITHIN GREENSBORO
Raleigh-based Sunstates Security, which provides on-site security at corporate campuses, has relocated its Greensboro office from Pacific Avenue to an expanded facility on Albert Pick Road, CEO Kathryn Burrell said. The new office is about 1,500 square feet larger and includes a training room, said Burrell, who added that the company’s workforce in the Triad is growing. With a presence in 11 states, Sunstates Security employs about 700 people, including about 100 people in the Greensboro area.
EMPLOYMENT SHOWS SIGNS OF LIFE ACROSS STATE
North Carolina gained 17,400 non-farm jobs in February, with the most robust growth in professional and business services, the NC Employment Security Commission reports. The unemployment rate dropped to 9.7 percent. Chapel Hill economist John Quinterno noted, “February was the best month of job growth since the state’s labor market bottomed out in December 2009.” Quinterno added that the pace of improvements in the state’s labor market “will not close the large jobs gap anytime soon.”