May 2016

Bid winner

Steve DeCarlo turned a sputtering insurance brokerage into a market leader valued at more than $2 billion

AmWins

Get smart

The state’s diverse colleges and universities offer dozens of options and pack a big economic wallop.

Education list

Square footage

Scrimping on space might just save retirement for many older Americans.

Picture This

Comeback trail

Investments in defense, roads and wind spur northeast North Carolina.

Look back

Latest Blog Posts

N.C. Railroad Co. closes on $8 million of land at Greensboro megasite

David Mildenberg - May 20, 2016 - 2:00:00 pm

The North Carolina Railroad Company closed on an $8 million land purchase, involving 14 parcels and 630 acres, at the Greensboro-Randolph Mega Site, which hopes to attract a big manufacturer to the Triad.

Tom Ross takes new job leading Paul Volcker's nonprofit in New York

David Mildenberg - May 17, 2016 - 5:00:00 am

Former UNC System President Tom Ross Tom Rosshas a new job running the Volcker Alliance, a nonprofit that wants to improve the government's performance and restore confidence in public institutions.

Special Reports and Publications

Health Care Round Table

North Carolina’s reputation for research, workforce and quality of life attracts international biotechnology companies.

North Carolina Higher Education Directory

A comprehensive guide to higher education in the state, with information about North Carolina's public and private colleges, universities and community colleges.

2016 Best of Business

Cast your votes for the best companies to do business with in North Carolina.

Biotechnology Round Table

North Carolina’s reputation for research, workforce and quality of life attracts international biotechnology companies.

NC's Best Golf Courses

For the ninth consecutive year, the North Carolina Golf Panel is proud to partner with Business North Carolina in publishing rankings of the best golf courses in what we believe is the best state for golf.

Daily Digest

UNC governors begin public-comment sessions

(The News & Observer, Raleigh)

Beginning Friday, the UNC Board of Governors will begin holding public comment periods following board meetings. UNC System President Margaret Spellings suggested the idea to improve transparency.

Appeals court reverses BofA fraud ruling

(The Charlotte Observer)

A federal appeals court on Monday overturned a jury's ruling that found Bank of America liable for fraud over mortgages originated by its Countrywide Financial unit — and also tossed out the $1.27 billion penalty imposed after the trial. The court also negated a ruling that a former Countrywide exec, Rebecca Mairone, was personally liable in the case.

Bayer CropScience HQ could move to St. Louis if Monsanto deal approved

(WRAL TechWire)

If Bayer's $62 billion offer for seed-maker Monsanto is approved, the headquarters for its crop science unit would be in St. Louis, not RTP, according to James Blome, CEO of the division. Bayer Crop Science currently employs about 1,000 people at its RTP headquarters and related sites. Blome said the company would continue to have a presence in the state, though the overall impact on jobs was unclear.

Old Dominion approves $250M stock buyback program

(Winston-Salem Journal)

Directors of Old Dominion Freight Line authorized a $250 million share repurchase program. The Thomasville-based trucking company said it is within $12 million of completing its last stock repurchase program, launched in November 2014.

Charlotte City Council won't vote on repealing ordinance

(The Charlotte Observer)

Charlotte City Council decided not to vote Monday on repealing its nondiscrimination ordinance that led to state lawmakers passing House Bill 2. Legislative leaders had asked the city to overturn the ordinance, which was essentially nullified by HB2, in exchange for a modified version of the bill. Washington, D.C.-based nonprofit Human Rights Campaign called the Charlotte Chamber an "anti-LGBT bully" for encouraging the City Council to repeal the measure; the Chamber said Monday it takes "great offense" at the claim.

When artists boycott HB2, it's not just the fans who suffer

(WRAL.com)

When music acts such as Bruce Springsteen and Maroon 5 cancel North Carolina shows over House Bill 2, concert venues such as the Greensboro Coliseum, hotels and nearby restaurants are affected. So are volunteers such as school groups who work arena concessions as fundraisers for their programs.

House approves $22.2B budget, without HB2 amendment

(The News & Observer, Raleigh)

N.C. Rep. Darren Jackson tried to add a provision to the House budget that would repeal HB2 and allocate $2 million for marketing efforts to restore the state's reputation, but House Speaker Tim Moore ruled the amendment out of order. Moore said it wasn't relevant to the $22.2 billion budget, which the House approved Thursday by a vote of 103-12.

New bill would tighten restrictions on renewables in NC

(The News & Observer, Raleigh)

Renewable-energy advocates say a new bill introduced last week essentially amounts to a ban on green energy and would turn North Carolina into the most hostile state for renewables. The bill would require wind and solar farms to be built at least 1 1/2 miles from a neighboring property line and restrict wind farms to 35 decibels of noise. Republican Sen. Bill Cook of Beaufort County co-sponsored the bill; his district includes Perquimans and Pasquotank counties, where the massive Amazon Wind Farm is under construction.

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Events

Tech in Motion (Q3 - Triangle)

Date: September 28, 2016
Time: 8:30 AM - 11:00 AM EDT

BNC Pulse

Congressional maps Are the state\'s new congressional district maps fairer than the previous ones?  Yes  No