Asheville City Council: To Moog or not to Moog

Asheville City Council passed $90,000 in incentives for Moogfest this evening, both in cash and services, with the possibility of a partnership continuing for years. However, while its proponents touted it as an important investment in the city’s future growth, one Council member asserted that it’s an unreasonable amount of taxpayer dollars to go to an event not entirely open to the public.

N.C. Senate bill may dissolve AdvantageW­est, Citizen-Times reports

Part of North Carolina Gov. Pat McCrory’s plans to turn the Department of Commerce into a public-private partnership that would be run like a business, Senate Bill 127 would mandate the dissolution of regional organizations like AdvantageWest and strip it of state funding. It passed a second reading in the Senate Monday night, May 13, by a 31-17 vote.a

Economic summit focuses on innovation

Asheville’s creative culture fosters a lot of good business ideas, but big challenges remain to making many of those ideas come to life. That was one of the thoughts from Mark Erwin, president of Erwin Capital and a former U.S. Ambassador, as he spoke to about 375 attendees at AdvantageWest’s Nov. 19 Economic Summit. He joined a panel of three other experts in a discussion that focused on defining and cultivating business innovation. Here’s some of the highlights of what each of the panelists had to say.

CIty of Asheville will give New Belgium $3.5 million in incentives­, infrastruc­ture improvemen­ts

As part of the deal to bring a new, East Coast brewery here, the city of Asheville will give New Belgium $3.5 million in tax reimbursements over seven years, provided it goes through with its plans to invest $175 million in building the new facility. The city will also make infrastructure improvements to the area costing more than $500,000.

EDC releases statement, comments on New Belgium picking Asheville

PRESS RELEASE In conjunction with the Economic Development Coalition for Asheville-Buncombe County (EDC), New Belgium Brewing Company announced the selection of Asheville, North Carolina, to build its first expansion brewery outside of Fort Collins, Colorado. The nation’s third-largest craft brewer plans to invest $175 million over seven years to build a state-of-the-art brewery in Asheville’s […]

Beer buzz: Workers, troopers seen at rumored New Belgium location; Gov. Perdue to make announceme­nt

This morning, city officials, crews unloading hay bales, state troopers and Asheville Police were swarming the Craven Street property rumored to be under contract for sale to craft brewer New Belgium. And this afternoon Gov. Perdue’s office announced she’ll come to Asheville Thursday to make an “economic development announcement.”