March 2015

Peddle to the metal

Gene Haas is betting a billion bucks that his F1 team will win Grand Prix races and a worldwide market for his machine tools.

Gene Haas

Getting schooled

Wilmington's Port City Java started its college business at N.C. State. The company is expanding to other schools in the Carolinas.

Port City Java

Mountain jam

Lots of people want to live in Asheville, but development hasn't kept pace with the city's population growth.

Mountain Jam

The best of health

Business North Carolina's annual ranking of the best Tar Heel hospitals.

Top Hospitals

Latest Blog Posts

Top-rated Tar Heel financial advisers

By David Mildenberg - Feb 25, 2015 - 12:35:00 pm

Thirty financial advisers from North Carolina made Barron’s magazine’s annual rankings of the nation’s 1,200 top stockbrokers.

Wilmington's nCino raises $29 million

By Cathy Martin - Feb 24, 2015 - 2:15:00 pm

Wilmington-based software company nCino Inc. completed a $29 million round of financing led by New York-based private-equity firm Insight Venture Partners. Other investors include former Morgan Stanley chairman and CEO John Mack, Boston-based Wellington Management Company LLP and Gene Ludwig, founder and CEO of Promontory Financial Group and former U.S. Comptroller of the Currency.

Special Reports and Publications

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.

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.

Small Business of the Year

2014 was the 19th year Business North Carolina magazine selected a Small Business of the Year to honor the contributions these companies make to our state’s economy.

North Carolina Mid-Market Fast 40

Our annual list of the fastest-growing middle-market companies in the state.

North Carolina Economic Development Guide

The established source for of information for businesses considering expansion or relocation here. Includes economic data for each county, a conversation with Commerce Secretary Sharon Decker and case studies of businesses who have found success here.

Daily Digest

Charlotte's Frontier Capital raises $390M

(The Charlotte Observer)

Charlotte-based Frontier Capital has raised $390 million in its fourth fund, exceeding its initial goal of $300 million. The private-equity firm invests in fast-growing software and business-services companies with annual revenues between $5 million and $30 million. 

Furniture supplier eyes Morganton for 70 jobs

(The News Herald, Morganton)

City council members approved incentives for American Hospitality Furniture to bring about 70 jobs to Morganton. The company, which supplies custom furniture for hotels, would renovate and occupy a former Drexel Heritage plant and eventually could employ up to 150 people. The city will apply for a $212,500 Building Reuse and Redevelopment Grant from the state Commerce department and agreed to a 5% local match if the grant is approved.

Stephen Colbert to speak at Wake Forest commencement

(Winston-Salem Journal)

Wake Forest University announced that comedian Stephen Colbert will speak at its commencement program in May. Colbert was host and executive producer of Comedy Central's "The Colbert Report" for nine years and soon will take David Letterman's place as host of CBS's  "Late Show." 

Furniture company leaves Charlotte for Fort Mill, SC

(The Charlotte Observer)

Broad River Furniture, which operates 16 Ashley Furniture stores and one outlet store, will move its headquarters and distribution center from Charlotte to Fort Mill, S.C., where it will employ 200 people. The retailer will invest $12.6 million in its new 174,000-square-foot campus, which is expected to be open by November.

Petraeus to plead guilty to sharing classified information

(The Charlotte Observer)

Former CIA director and retired Gen. David Petraeus will plead guilty to mishandling classified material following an investigation on whether he shared classified "black books" with Charlotte resident Paula Broadwell while she was writing his biography. According to the plea deal, the federal government recommends two years probation and a $40,000 fine, but no prison time for Petraeus.

NC House committees approve jobs incentives plan

(The News & Observer, Raleigh)

Two House committees voted in favor of Gov. Pat McCrory's jobs incentives plan that would double the amount of money available in the state's fund used to attract major employers to North Carolina. The N.C. Competes plan will move on the full state House later this week.

Courts director John Smith to retire in May

(The News & Observer, Raleigh)

John W. Smith will step down as director of the N.C. Administrative Office of the Courts on May 1. Appointed to the post in 2009, Smith has been criticized by Republican legislators for not allowing magistrates to opt out of performing same-sex marriages. 

LGBT ordinance defeated in Charlotte

(The Charlotte Observer)

The Charlotte City Council voted 6-5 against a proposal that would have extended nondiscrimination protections to include sexual orientation and gender identity. Prior to the vote, the council removed a controversial section of the ordinance that would have allowed transgender people to use the bathroom of the the gender they identify with.

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.