May 2015

Spring believer

Mebane-based Kingsdown can't rest on tradition alone as it battles mattress-industry goliaths.

Kingsdown

Hot and cold

ChannelAdvisor, CommScope and Cree overcome stock-market whims as they battle for tech-sector profit.

Technology

Hire purpose

Citrix Systems' downtown Raleigh digs were designed to attract top tech talent.

Citrix

Casting a wider net

Massive outdoor-gear stores fish for more Tar Heel trade, forcing smaller rivals to try new lures.

Statewide

Latest Blog Posts

Off the dole: NC pays back debt

By David Mildenberg - May 06, 2015 - 11:00:00 am

North Carolina erased its unemployment-insurance debt to the federal government, raising questions of equity in the process.

State plans $250M NC-focused fund

By David Mildenberg - Apr 22, 2015 - 11:00:00 am

State Treasurer Janet Cowell announced a second North Carolina Innovation Fund, with $250 million to be invested in North Carolina-centered companies.

Special Reports and Publications

NC's Best Golf Courses

For the eighth 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.

Biotechnology Round Table

North Carolina's biotechnology leaders look for ways to expand into the national biodefense sector.

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.

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.

Daily Digest

Duke Energy begins coal-ash removal at Charlotte power plant

(Winston-Salem Journal)

Duke Energy began removing coal-ash from its Riverbend power plant west of Charlotte on Thursday. The utility is working to get permits to move most of the first 1 million tons of ash to clay mines in Chatham and Lee counties; meanwhile, the first truckloads will be sent to a lined landfill in Homer, Ga.

Mohawk to expand, add 105 jobs in Rockingham County

(Winston-Salem Journal)

Carpet and rug manufacturer Mohawk Industries plans to invest $8 million over five years in an expansion of its Eden operations. The company employs about 1,200 people across the state, including more than 170 in Eden.

Medicaid director named chancellor of UNC Pembroke

(The News & Observer, Raleigh)

Robin Cummings will become chancellor of UNC Pembroke in July. Cummings, the state Medicaid director and a cardiothoracic surgeon, will succeed Kyle Carter, who is retiring after five years in the post.

Family Dollar deal to close in July

(The Charlotte Observer)

Dollar Tree will complete its pending acquisition of Matthews-based Family Dollar Stores in early July. The Chesapeake, Va.-based discount retailer said it plans to close about 330 Family Dollar stores in order to receive Federal Trade Commission approval for the $8.5 billion deal.

NC House passes $21B budget

(The News & Observer, Raleigh)

The N.C. House approved a $21 billion state budget plan by a vote of 93-23. The budget proposal, which will now move on the the Senate for consideration, would increase funding for education, including teacher raises, and restore a deduction for medical expenses on state income taxes. Last-minute changes included reducing a credit for film productions from $60 million to $40 million per year and eliminating a credit for companies that hire state universities for R&D work.

Judge halts fracking permits

(The News & Observer, Raleigh)

A Wake County judge stopped the N.C. Mining and Energy Commission from issuing drilling permits for fracking until a lawsuit between Gov. Pat McCrory and General Assembly leaders is resolved.
Related: Exploratory drilling for oil and natural gas could start as soon as next week

House budget would increase education spending

(The News & Observer, Raleigh)

The N.C. House budget proposal would increase K-12 spending by $269 million, or about 3.3%. State revenue projections show 6% growth for the upcoming year. "The first time since I've been here, I get to talk about what we're adding instead of what we're cutting," Rep. Craig Horn (R-Union County), who chairs the education budget committee, said.

House budget proposal would revive historic-preservation credits

(Winston-Salem Journal)

The N.C. House's budget proposal, released Monday, would restore the state's historic preservation tax credits and extend the program until Jan 1, 2021. The budget also would revive the medical-expense tax exemption for senior citizens.

View All Events>>

Events

Marketplace 2015

When: May 27

Where: Durham

Learn how to sell your goods or services to federal, state and local governments.

Sponsored by the SBTDC

 

BNC Pulse

Poll N.C. Rep Charles Jeter filed a bill that proposes replacing a statue of former Gov. Charles B. Aycock with one of Billy Graham at the U.S. Capitol. Do you support the proposal?  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.