May 2016

Road closure

North Carolina’s desire to save money on future highway projects has caused hardship for thousands.

Map Act

Courses of action

North Carolina Golf Panel’s top 100 courses.

Golf List

Pinehurst passion

Sweating the small stuff is all in a day’s work as President Tom Pashley pushes the world-famous golf resort to retain its edge.

Tom Pashley

Old-fashioned success

Gary Crunkleton’s craft cocktail bar in Chapel Hill suits his tastes — and he’s ready for another.

Crunkleton

Latest Blog Posts

Jim Blaine handing off top job at SECU

David Mildenberg - May 02, 2016 - 4:30:00 pm

Jim Blaine, one of the most important financial Jim Blaineexecutives in North Carolina over the past 40 years, is retiring as CEO of State Employees' Credit Union. The group grew by more than 100-fold during his tenure.

How much NC bank CEOs get paid

David Mildenberg - Apr 27, 2016 - 4:15:00 pm

Wells Fargo's CEO makes about $20 million a year, while Bank of America's boss settles for about $15 million. Are they seven to 20 times more valuable than their North Carolina's bank peers?

Special Reports and Publications

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.

Economic Forecast Round Table

The state's economy is expected to grow this year, though it will have to jump hurdles such as a strong dollar and an election.

The Legal Elite

Since 2002, Business North Carolina magazine has honored Tar Heel lawyers by publishing Business North Carolina's Legal Elite, a listing of the state's top lawyers in business-related categories.

Daily Digest

Topgolf to open Charlotte entertainment complex in 2017

(The Charlotte Observer)

Topgolf paid $4.4 million for a 14-acre site in southwest Mecklenburg County, where it plans to open a three-level entertainment complex in early 2017. The company expects about 450,000 annual guests in its first year and plans to hire 450 full- and part-time workers. About half of Topgolf patrons are nongolfers, the company says.

INC Research reports 17.7% growth in service revenue

(The News & Observer, Raleigh)

Raleigh-based INC Research posted service revenue of $249 million in the first quarter, up from $211.5 million a year ago. Despite the strong results, the company laid off 3% of its workforce, or about 175 people worldwide, due to a realignment of its therapeutic business units. About 30 workers in Raleigh lost their jobs. CFO Greg Rush says the company is still growing, adding about 800 workers last year, including 100 in the Triangle.

Cowell's corporate board service raises ethical questions

(The News & Observer, Raleigh)

State Treasurer Janet Cowell joined the board of directors at Morrisville-based ChannelAdvisor in February and is nominated to serve on the board of James River Group Holdings, a specialty insurance company. Cowell gained approval from the State Ethics Commission, though some critics say conflicts of interest are inevitable. Cowell, who is not seeking re-election, has said she will recuse herself from matters concerning the two companies. She will receive about $200,000 in total compensation at ChannelAdvisor, an e-commerce firm; James River pays its directors about $100,000.

BASF slashing 106 jobs at RTP

(WRAL TechWire)

German biotech firm BASF is cutting its plant technology unit — its headquarters is at RTP — in half, with layoffs beginning June 30. About half of the affected positions are scientists. The company opened a $33 million, 80,000-square-foot expansion of its RTP research campus in 2013.

Former US Rep. Robin Hayes to lead NC GOP after Harnett ouster

(The News & Observer, Raleigh)

Following months of accusations aimed at Chairman Hasan Harnett, the North Carolina Republican Party voted for his removal on Saturday. Former U.S. Rep. Robin Hayes of Concord will finish out Harnett's term. Hayes previously served as chairman from 2011 to 2013. Harnett, the state party's first black chairman, was accused of not raising enough money; lowering the party's convention fees, a moved opposed by other party leaders; and attempting to hack the party website.

Proposal to repeal HB2 sent to 'graveyard' of Senate

(The News & Observer, Raleigh)

A bill filed Wednesday that would repeal the state's controversial LGBT law has been sent to the Senate Ways and Means Committee — know as the graveyard of the Senate — which hasn't met in years. An identical proposal filed Monday by House Democrats was referred to the Judiciary IV Committee. That committee's co-chairmen will decide if it gets a hearing.
Related: March sadness: The NCAA adopted a nondiscrimination policy for cities wanting to host its games, meaning North Carolina could be shut out if HB2 stays

McCrory's budget includes 5% raise for teachers

(The News & Observer, Raleigh)

Gov. Pat McCrory's $22.8 million budget proposal would give state employees a one-time bonus averaging 3%. Teachers would get an average salary increase of 5%, bringing the average teacher pay to $50,000. The proposal also includes $21 million for salary increases for state troopers, law enforcement agents, prosecutors and public defenders. McCrory's budget reflects a 2.8% increase over the current fiscal year; Senate leaders are targeting a 2% increase.

NC to receive $45M in settlement with drug companies

(WRAL.com)

Drugmaker Pfizer will pay $784.6 million a national settlement over allegations that Wyeth, owned by Pfizer since 2009, underpaid Medicaid rebates. North Carolina will receive more than $45 million, Attorney General Roy Cooper said.

 

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Events

Cleantech Connect Career Fair

The first annual Cleantech Connect Career Fair will be held on April 21 from 3:00 pm – 5:00pm at the McKimmon Center in Raleigh, NC.

BNC Pulse

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