Spectrum Business Internet launches
GREENSBORO — Charter Communications, Inc. (NASDAQ:CHTR) announced Thursday the launch of Spectrum Business Internet Gig in the Triad, featuring the deployment of DOCSIS 3.1 internet services delivering a 1 Gbps connection to small and medium-sized businesses. It is available to businesses in more than 30 markets representing more than half of Spectrum Business’ service area, including the Triad, and will be available throughout virtually all of Spectrum’s 41-state service area by the end of 2018. For more, visit www.business.spectrum.com.
Wells Fargo awards grants
SAN FRANCISCO — Wells Fargo and Company (NYSE: WFC) announced more than 50 grants awarded to nonprofits across the U.S. to promote housing equality for low- to middle-income households in recognition of the 50th anniversary of the Fair Housing Act. The 2018 Wells Fargo Housing Equality 50th Anniversary Grant Program honors fair housing community leaders, advocates and nonprofits by contributing funding for projects, education and training programs and initiatives that highlight the work of those furthering housing equality. Among the recipients was the Greensboro Housing Coalition.
Stadium hits pledge snag
HIGH POINT — A $5 million pledge from the High Point Convention and Visitors Bureau for the city’s downtown stadium has become mired in controversy. The CVB and the High Point City Council have been unable to agree on the wording of a proposed economic development agreement that would formalize the $250,000 annual commitment from the CVB to help the city pay off its construction debt on the project over 20 years. The CVB wants language in the 20-year agreement that protects its funding source — the proceeds of a 3 percent hotel tax in Guilford County that are distributed by the city to the CVB each year. However, the city’s version of the pact would not offer this guarantee.
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