PPD Sale

Looks like having a diverse, flexible economy, not just in words, but in fact, just got a bit more important.

StarNews:

Representatives with PPD, The Carlyle Group and Hellman & Friedman all declined to confirm that PPD would remain in Wilmington, but Graham said he would be "thunderstruck" if the company relocated from the city entirely.

However, he said, the private-equity purchase makes it more likely any growth will occur outside Wilmington's borders because the new owners do not have the same ties to the area.