Business briefs

Jan. 29, 2013 @ 06:48 PM

Durham-Chapel Hill foreclosures down in November

DURHAM -- The rate of foreclosures in the Durham-Chapel Hill metro area fell in November compared with the same month last year, according to data released Tuesday by CoreLogic.

The company reported the rate of foreclosures among outstanding mortgage loans was 1.43 percent in November in the metro area. That was down 0.47 percentage points compared to the month last year, when the rate was 1.90 percent.

The rate was below the nation’s rate of 2.97 percent for the month, and below the state’s rate of 2.05 percent.

CoreLogic is a property information, analytics and services provider. Its data comes from public, contributory and property sources.

Major construction on Syngenta greenhouse done

DURHAM – Syngenta Biotechnology Inc. has received a certificate of occupancy for its new greenhouse in the Research Triangle Park, a spokesman said in an email.

The company will be testing out all of the systems and planting there this quarter, spokesman Steve Goldsmith said.

The company has also filed plans for a second phase of construction in the park.

“As far as the future goes, no decision has been made on whether any new construction in RTP will be funded beyond the current work on the greenhouse,” Goldsmith said in the email.

Triangle nonprofits receive economic development grants

RALEIGH –Nonprofits based in Durham and Chapel Hill are among 28 N.C. organizations that will share $5.85 million in grants from the N.C. Community Development Initiative over the next three years, according to a news release.

The initiative’s latest grants come from two new programs: Community Enterprise Fund and Capacity Building Grants. They are made possible with financial support from the state of North Carolina, Z. Smith Reynolds Foundation, BB&T Corp. and other public and private organizations.

Nineteen organizations received three-year Community Enterprise Fund grants of $210,000-$300,000 to implement strategic economic development plans in the communities they serve.

The list includes Durham Community Land Trustees of Durham, a nonprofit community development corporation that works to build and maintain access to affordable housing, homeownership and rental housing in Durham’s West End and Southside neighborhoods.

It also includes EmPOWERment Inc. of Chapel Hill, which aims to address rising housing costs and a growing wealth gap in Chapel Hill and Carrboro by developing affordable housing, operating the Midway Business Center incubator for start-up businesses, and through other initiatives. 

UDI Community Development Corp. in Durham was one of nine organizations to receive a $40,000 Capacity Building Grant to strengthen operations.