The state Board of Land and Natural Resources signed off on a deal Friday to preserve up to 663 acres of land at Turtle Bay Resort on the North Shore.

The deal, which was produced in the Legislature earlier this year and signed by Gov. David Ige in June, involves paying the resort’s owner $45 million to protect the land for public use in perpetuity.

Under the preservation arrangement, the state will acquire ownership of 53 acres fronting Kawela Bay and an easement prohibiting development on about 600 acres that includes land occupied by and surrounding the resort’s two golf courses. The city will acquire 13 acres for beachfront park use, and the resort will forgo developing 650 homes.

Of the $45 million, the state will pay $35 million. The city will pay $7.5 million. And the Army, in partnership with The Trust for Public Land, a nonprofit, will contribute $2.5 million.

The resort will limit future development to both sides of its existing 443-room oceanfront hotel, and plans to add up to 100 homes and two hotels with a combined 625 rooms.

Layoffs likely loom for ConAgra workers

OMAHA, Neb. >> ConAgra employees will learn next week about upcoming changes that the company’s chief executive said Friday likely will include job cuts and a shuffling of operations that could boost the company’s presence in Chicago and lower it in Omaha.

CEO Sean Connolly, who was in Omaha for a shareholders’ meeting, said Omaha will continue to play a sizable role for ConAgra. The company has around 3,000 employees at the headquarters campus in Omaha, in Lincoln and across the Missouri River in Council Bluffs, Iowa.

Volvo breaks ground on $500M plant

RIDGEVILLE, S.C. >> Volvo has broken ground on its first auto manufacturing plant in North America, and says workers at the $500 million plant will build a car still being designed in Sweden.

Volvo North America CEO Lex Kerssemakers said Friday that the plant will build the company’s new S-60 sedan as well as another model to be announced later.

The plant about 30 miles northwest of Charleston eventually will be capable of making 100,000 cars a year. It’s expected to employ about 2,000 workers during the next decade. It also will have a visitors’ center so people can see how Volvos are designed, built and marketed.

Engine problem prompts Hyundai recall

DETROIT >> Hyundai is recalling nearly a half-million midsize cars in the U.S. to replace the engines because a manufacturing problem could cause them to fail.

The recall covers 470,000 Sonata sedans from the 2011 and 2012 model years equipped with 2- or 2.4-liter gasoline engines. At the time, the Sonata was Hyundai’s top-selling vehicle in the U.S.

The company also is recalling nearly 100,000 Accent small cars because the brake lights can fail.

Subaru plans $140M expansion of factory

LAFAYETTE, Ind. >> Subaru plans to spend $140 million to boost vehicle production at an Indiana factory and add up to 1,200 jobs in the next two years.

The Lafayette factory will see its production capacity grow by 100,000 vehicles a year from its current 300,000, the company said.

The production increase comes after Subaru sold a record 52,697 vehicles in the U.S. during August and represents a show of confidence by parent company Fuji Heavy Industries in Subaru’s only assembly factory outside Japan, said Tom Easterday, Subaru of Indiana Automotive’s executive vice president.

The company sold almost 514,000 vehicles in 2014, and its sales are up 12.5 percent so far this year, according to Autodata Corp.

ON THE MOVE

RevoluSun has promoted Mari Oshiro to a complete performance coordinator. She joined the company two years ago and was previously a receptionist. Prior to joining RevoluSun, Oshiro was an office manager for Appraisals Plus, scheduling and developing charts and reports for various projects.

Hawaiian Airlines has appointed Stacey Carroll to director of benefits and compensation. She has 17 years of human resources experience, including having served in management positions for 10 years. Carroll was previously a director of compensation and benefits at Kamehameha Schools and held director positions at PayScale in Seattle.

CBRE Group has announced that Matthew Bittick is a senior vice president for CBRE’s Office Services practice in Hawaii. Prior to joining CBRE, he was the president and chief executive officer of Bishop Street Commercial, a boutique commercial real estate firm in Hawaii. As a commercial real estate broker for more than 20 years, Bittick has completed more than $1.2 billion in transactions.