September 2014

The suitcase CEO

How N.C. can Extended Stay America be when CEO Jim Donald lives in Washington state?

Cover Story

Life shucks

A money manager forsakes a career in high finance to spend his days wading in the muck as an oyster farmer.

Life shucks

Tower of power

The landmark Reynolds building is the latest piece of the tobacco empire developers want to renovate.

Tower of power

Top 75 public companies

Bank of America tops our annual list, which includes 10 newcomers this year.

Top 75

Latest Blog Posts

Are State Treasurer Cowell and the Bowles too cuddly?

By David Mildenberg - Aug 26, 2014 - 6:00:00 pm

North Carolina's $90 billion pension fund and the state treasurer's ties to Erskine and Crandall Bowles draw criticism.

Fayetteville's recovery from recession among fastest in U.S.

By Cathy Martin - Aug 26, 2014 - 5:00:00 pm

Fayetteville has recovered quickly since the Great Recession, buoyed by military base expansion.

Special Reports and Publications

Top 75 Public Companies

Investors show an appetite for companies on our list of the Top 75 publicly traded based in North Carolina.

Research North Carolina

The concepts, processes and technologies created in North Carolina's private and public institutions are laying the groundwork for economic success in our state.

Financial 100

Community banks and credit unions show resilience as the battered economy regains strength.

The Law Journal

Top Tar Heel lawyers identify some of the most important issues impeding business in the state.

NC's Best Golf Courses

For the seventh 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

NC would have paid $107 million for Toyota

(The Charlotte Observer)

North Carolina was willing to offer Toyota an incentive package worth $107 million to bring its North American headquarters − and 2,900 high-paying jobs − to Charlotte. The automaker instead chose Plano, Texas, where the state provided $40 million but has lower taxes and direct flights to Japan.

Dosher Memorial to lay off 31 workers

(Greater Wilmington Business Journal)

Dosher Memorial Hospital confirmed it will lay off 31 of its approximately 350 workers, cut hours for some employees, and offer early retirement to 38 others. The Southport hospital has experienced a decline in patient numbers and lost about $1.3 million in the first nine months of the current fiscal year.

'Banshee' leaving Charlotte due to loss of tax credit

(WCNC.com)

Officials from "Banshee," the Cinemax television series that has filmed three seasons in Charlotte, say the show will move production to New Orleans due to the pending expiration of the state's film incentive program.

Red Hat CTO stepping down Sept. 5

(The News & Observer, Raleigh)

Brian Stevens, chief technology officer at Raleigh-based Red Hat, will step down Sept. 5 to pursue another opportunity. Stevens joined the open-source software provider in 2001 and became CTO in 2005.

DENR refutes claims over coal-ash ponds

(News & Record, Greensboro)

The N.C. Department of Environment and Natural Resources denied environmentalists' claims that the agency hasn't been enforcing the federal Clean Water Act at Duke Energy's coal-ash ponds at its power plants in Chatham, Rowan and Wayne counties.

Wilson asks FCC for permission to expand municipal Internet service

(The News & Observer, Raleigh)

Wilson is asking the Federal Communications Commission to override North Carolina's telecommunications law and allow it to expand its Greenlight high-speed Internet service to nearby communities. The city wants to expand the service to about 7,600 households in Wilson County and about 1,000 households in neighboring counties.

Southeastern NC legislators frustrated after short session

(StarNews, Wilmington)

Legislators from Southeastern N.C. left the General Assembly's short session frustrated as film incentives were significantly reduced and prospects of gaining more than 1,000 jobs and a proposed tire plant were diminished when legislators voted against establishing a $20 million "closing fund" for corporate recruiting.

Wilmington leaders want legislature to reconvene over film incentives

(StarNews, Wilmington)

Wilmington and New Hanover County leaders plan to send a letter to Gov. Pat McCrory requesting he reconvene the General Assembly to discuss changes to the state's film incentive program, which they say will cost the area jobs. Legislators changed the current incentive, which has no cap, to a $10 million grant. North Carolina gave out $61 million in tax credits in 2013 to film productions.

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Events

Energy & Environmental Management Conference

Sponsored by the N.C. Chamber.

Sessions will include federal and state legislative/regulatory updates, compliance and permitting, water challenges and management and more.

When: September 25, 2014

Where: Durham

 

BNC Pulse

Poll: O'Bannon opinion Do you agree with a federal judge's ruling that the NCAA must allow student athletes to receive some of the money generated from sales of video games and other products that use their names or images?  Yes  No

N.C. Family Business of the Year Winners

Schiffman's Jeweler's, K&W Cafeterias, Rose Chauffeured Transportation and Carolina Management Team have been recognized by the Wake Forest University Family Business Center and Business North Carolina with the 2014 North Carolina Family Business of the Year Awards.