December 2014

Changing channels

Jim Goodmon gets ready to turn Capitol Broadcasting over to his sons.

Jim Goodmon

Brew Ha-Ha

Highland Brewing, our 2014 Small Business of the Year, attracts so much competition that it has to grow bigger to stay viable.

Brew Ha-Ha

Victory and the feet

These boots are made for walking, but McRae Industries won't retreat from Montgomery County anytime soon.

McRae Industries

The state's best doctors

Tar Heel doctors pick peers they consider to be the best physicians practicing in 32 medical specialties.

Best Doctors

Latest Blog Posts

Brunswick Co. builder named chair of ports board

By David Mildenberg - Dec 11, 2014 - 5:15:00 pm

Tom Adams, a Brunswick County building contractor, was named chairman of the North Carolina State Ports Authority board of directors.

Pantry gains as oil slides

By David Mildenberg - Dec 10, 2014 - 5:10:00 pm

Lower gas prices are great news for drivers and investors in convenience-store operator The Pantry, which gained 4.4% in Wednesday trading.

Special Reports and Publications

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.

Manufacturing Round Table

Textile and furniture mills turned poor Tar Heel tobacco laborers into middle-class earners. Now that many of those jobs have been shipped overseas, it's time to examine the future of the industry in NC.

North Carolina Higher Education Directory

A comprehensive guide to higher education in the state, with information about North Carolina's public and private colleges, universities and community colleges.

Focus on Guilford County

Companies can't help but notice the abundance of assets in Guilford County.

Top 75 Public Companies

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

Daily Digest

Cary's The Pantry nearing deal to be sold

(The Wall Street Journal)

Cary-based The Pantry, which operates more than 1,500 convenience stores primarily under the Kangaroo Express banner, has hired an investment bank to solicit bids for the company. A buyer could be announced within days, according to people familiar with the matter.

Two pension funds in talks with BofA over Moynihan's dual roles

(The Charlotte Observer)

The California State Teachers' Retirement System and the office of the New York City Comptroller confirmed they are in discussions with Bank of America regarding the bank's decision to change its bylaws – and name CEO Brian Moynihan chairman – without a shareholder vote.

Salix announces revised inventory-reduction schedule

(The News & Observer, Raleigh)

Salix Pharmaceuticals announced it will accelerate a planned inventory reduction of three of its drugs. The Raleigh-based pharmaceutical, which makes treatments for gastrointestinal illnesses, will reduce inventories of three drugs by the end of 2015 – a year earlier than it had previously announced. Company shares rose 7% following the announcement.

Advocacy group says Duke building too many power plants

(The Charlotte Observer)

Durham-based environmental advocacy group NC WARN says Duke Energy and other utilities are wasting billions of dollars by building too many power plants. Duke responded by saying that WARN is criticizing the company for replacing its coal-fired plants with cleaner natural-gas fired and solar ones.

AP probe shows McCrory took stock payouts from online lender

(The News & Observer, Raleigh)

An Associated Press investigation reveals that Gov. Pat McCrory and U.S. Rep. Mark Sanford of South Carolina accepted six-figure stock payouts from Charlotte-based online lender Tree.com shortly after taking office. McCrory and Sanford were directors at the parent company of Lending Tree, and both resigned after being elected to public office. 

NC gas tax to go up a penny on Jan. 1

(WRAL.com)

North Carolina's gas tax will rise 1 cent to 37.5 cents per gallon on New Year's Day. The tax is adjusted every six months and is based on a flat fee of 17.5 cents plus an average of the per-gallon wholesale price of gas over six months. The base period used for the calculation was April through September, before gas prices began to plummet.

McCrory working to restore historic-preservation tax credits

(The News & Observer, Raleigh)

Gov. Pat McCrory said last week he is assembling a coalition of architects, real-estate professionals and civic leaders to reinstate North Carolina's historic-preservation tax credits, which will expire Dec. 31 ("Getting out of rehab," May).

State revenues $190M below forecast

(WRAL.com)

North Carolina's revenues are $190.1 million below expectations for the first five months of the fiscal year ended Nov. 30, according to the latest report from the Office of the State Controller. 

View All Events>>

Events

Emerging Tech + Trends

A North Carolina Technology Association event.

When: Friday, December 19, 2014

Where: Research Triangle Foundation

BNC Pulse

Poll: Rehab tax credits Should North Carolina restore historic-preservation tax credits for aging mills, factories and other structures?  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.