April 2015

Hedging her bets

Treasurer Janet Cowell favors a bolder plan to ensure the state's pension stays among the nation's strongest.

Janet Cowell

Betting the farm on biotech

North Carolina companies use science to improve crops, livestock and other farm products.

Ag-biotech

Stepping on the gas

Ex-Halliburton exec uses energy expertise to influence the state's fracking debate.

Vik Rao

Trading spaces

Known for its big tenants, Research Triangle Park is welcoming smaller ones at a free meeting space.

The Frontier

Latest Blog Posts

Novant reports lower net profit in 2014

By David Mildenberg - Apr 01, 2015 - 12:00:00 pm

Novant Health said it had net income of $201.8 million in 2014, down from $273 million in the previous year. That included an investment gain of $28.9 million. Revenues increased 5.4% to $3.79 billion from 2013.

Report: N.C. State offers best value

By Cathy Martin - Mar 30, 2015 - 2:00:00 pm

For a good education at a good price, N.C. State University offers the best value in the state, according to a recent study by personal-finance website SmartAsset.com.

Special Reports and Publications

The Best of Health

Business North Carolina's annual ranking of the top Tar Heel hospitals, plus patient picks and other popular rankings.

2015 Best Employers in North Carolina

The state's best employers have many bright ideas to show they appreciate their workers.

Economic Forecast Round Table

North Carolina's diversified economy is picking up steam, though a panel of state leaders finds the divide between urban and rural fortunes perplexing.

First in Flight

Business North Carolina's annual look at the state's growing aviation and aerospace industries.

Small Business of the Year

2015 marks the 20th year Business North Carolina magazine will select a Small Business of the Year to honor the contributions these companies make to our state’s economy.

Daily Digest

Quintiles forms joint venture with Quest Diagnostics

(The News & Observer, Raleigh)

Durham-based Quintiles will form a joint venture with Quest Diagnostics to combine lab services for clinical trials. Quintiles, the world's largest contract-research organization, is the No. 2 provider of clinical-trial lab services behind Burlington-based LabCorp. New Jersey-based Quest acquired High Point's Solstas Lab Partners a year ago for $570 million.

Georgia offered Mercedes-Benz $7.9M more than NC

(The Charlotte Observer)

North Carolina offered Mercedes-Benz USA incentives totaling $15.4 million to encourage the automaker to move its headquarters from New Jersey to Raleigh, while Georgia offered $23.3 million, documents show. The company, a division of Germany-based Daimler, announced in January it had chosen Atlanta for the project.

International Paper to invest $135M in NC plant, layoffs to follow

(StarNews, Wilmington)

International Paper plans to invest $135 million in its Columbus County plant, but the upgrades will result in the loss of an unspecified number of jobs. The conversion, expected to be completed by mid-2016, will allow the mill to move to 100% production of fluff pulp that is used in products including baby diapers. The company employs 740 people at the plant.

Reynolds subsidiaries debut new products

(Winston-Salem Journal)

R.J. Reynolds Tobacco will launch Camel White, a premium-branded cigarette, in 21 western and midwestern states. Reynolds American sudsidiary American Snuff, which makes the top-selling Grizzly-branded snuff product, also introduced a new dark wintergreen flavor Tuesday.
Related: Reynolds confronting antitrust concerns over Lorillard merger, Bloomberg Business

Moore urges lawmakers to consider fallout from religious freedom bill

(The Charlotte Observer)

House Speaker Tim Moore wants state legislators to consider how passing the religious freedom bill could affect North Carolina's brand. Moore said at a news conference that while many House Republicans deem the bill as important, the legislators' primary goals are job creation and improving roads and education. A group of American businesses that includes American Airlines, Apple, Replacements and Wells Fargo issued a statement Tuesday urging state lawmakers across the nation to halt anti-LGBT legislation.

McCrory approves changes to state gas tax

(WRAL.com)

Gov. Pat McCrory on Tuesday signed a bill that will cause a short-term decrease in the state gas tax, but the tax is likely to go up this summer. The bill, which legislators say adds stability to funding for road construction and maintenance projects, will cancel out a planned cut to the gas tax that was scheduled to take effect in July.

McCrory calls sales-tax bill 'class warfare'

(The Charlotte Observer)

Gov. Pat McCrory said Monday a Senate bill that proposes to redistribute sales-tax revenue from urban areas to rural ones would raise taxes for "millions of people in North Carolina." State Sen. Bob Rucho of Matthews has introduced a competing proposal that wouldn't impact urban areas as much as the first bill filed by Sen. Harry Brown. 

Tillis, Burr vote with Democrats for same-sex marriage benefits

(The News & Observer, Raleigh)

Sens. Thom Tillis and Richard Burr voted last week for a budget amendment that would give legally married same-sex spouses Social Security and veterans benefits. The North Carolina senators joined nine Republicans and all Democrats in voting for the measure.

 

View All Events>>

Events

AENC Technology 20.15 Conference

When: April 10, 8:00 a.m.-3:00 p.m.

Where: Hilton Durham

BNC Pulse

Poll: Google Fiber Would or will you upgrade to Google Fiber if available in your town?  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.