May 2016

Road closure

North Carolina’s desire to save money on future highway projects has caused hardship for thousands.

Map Act

Courses of action

North Carolina Golf Panel’s top 100 courses.

Golf List

Pinehurst passion

Sweating the small stuff is all in a day’s work as President Tom Pashley pushes the world-famous golf resort to retain its edge.

Tom Pashley

Old-fashioned success

Gary Crunkleton’s craft cocktail bar in Chapel Hill suits his tastes — and he’s ready for another.

Crunkleton

Latest Blog Posts

Jim Blaine handing off top job at SECU

David Mildenberg - May 02, 2016 - 4:30:00 pm

Jim Blaine, one of the most important financial Jim Blaineexecutives in North Carolina over the past 40 years, is retiring as CEO of State Employees' Credit Union. The group grew by more than 100-fold during his tenure.

How much NC bank CEOs get paid

David Mildenberg - Apr 27, 2016 - 4:15:00 pm

Wells Fargo's CEO makes about $20 million a year, while Bank of America's boss settles for about $15 million. Are they seven to 20 times more valuable than their North Carolina's bank peers?

Special Reports and Publications

2016 Best of Business

Cast your votes for the best companies to do business with in North Carolina.

Biotechnology Round Table

North Carolina’s reputation for research, workforce and quality of life attracts international biotechnology companies.

NC's Best Golf Courses

For the ninth 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.

Economic Forecast Round Table

The state's economy is expected to grow this year, though it will have to jump hurdles such as a strong dollar and an election.

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.

Daily Digest

Ag tech accelerator launches at RTP

(The News & Observer, Raleigh)

A new accelerator that will provide seed funding, office space, labs and greenhouse space for agricultural tech startups opened on Thursday. The project has received $11.5 million in funding and expects to raise up to $30 million by year-end. The venture capital arm of Alexandria Venture Investments was the lead investor; Triangle-based Hatteras Ventures and Pappas Ventures also participated.

Bojangles' first-quarter results beat Wall Street expectations

(The Charlotte Observer)

Charlotte-based Bojangles' reported net income of 21 cents a share for the first quarter, higher than estimates of 18 cents a share. Sales of $127.7 million also topped analysts' estimates of $126.8 million. Nearly a year after its initial public offering, the chicken-and-biscuits chain says it has about 100 new restaurants approved or under construction.

FDA rules for e-cigarettes could spur lawsuits

(Winston-Salem Journal)

The FDA released new regulations for electronic cigarettes and vaporizers on Thursday that is likely to trigger lawsuits from manufacturers and vape shops. All e-cigs introduced after Feb. 15, 2007 must retroactively go through more stringent requirements, including providing more detail on liquid nicotine ingredients and manufacturing processes.

Mountaire Farms plans 500 jobs at Siler City chicken plant

(The News & Observer, Raleigh)

Delaware-based Mountaire Farms will acquire the former Townsend poultry processing plant in Siler City, which employed more than 1,000 people before shutting down in 2011. Mountaire plans to renovate the plant and says it will eventually create more than 500 jobs.

House speaker: NC lawmakers won't meet Monday deadline on HB2

(The News & Observer, Raleigh)

"We will take no action by Monday" said N.C. House Speaker Tim Moore, referring to a federal deadline to declare that House Bill 2 won't be implemented. But a spokesman for Gov. Pat McCrory said the governor is planning to respond to the Department of Justice order by the Monday deadline. The DOJ sent letters to state leaders on Wednesday warning that billions in education funding could be in jeopardy if the state doesn't overturn the law, which the DOJ says violates the U.S. Civil Rights Act.

US Justice Department challenges HB2

(The News & Observer, Raleigh)

North Carolina is at risk of losing billions in federal education funding over House Bill 2. In three separate letters — to Gov. Pat McCrory, the secretary of public safety and the UNC System — the U.S. Justice Department on Wednesday said the law violates the Civil Rights Act, giving state officials until Monday, May 9 to respond. If the finding is upheld, the government can withhold education funding. This year, N.C. public schools received $861 million; in 2014-15, the UNC System got $1.4 billion.

McCrory loses round in suit over public records requests

(The News & Observer, Raleigh)

A superior court judge denied Gov. Pat McCrory's request to dismiss a complaint filed by several news organizations contending the state repeatedly delayed requests for public records. The lawsuit cites cases including a 2012 request by The Charlotte Observer for records from the Chief Medical Examiner's office. The request was filled only after a year's delay and threats of legal action. McCrory's team said it will appeal the ruling.

Op-ed: Managed-care Medicaid program will be too costly for docs

(The News & Observer, Raleigh)

David Tayloe, a pediatrician from Goldsboro, says the General Assembly's Waiver Proposal, which would convert the state's Medicaid program to a for-profit managed-care system, will lead to high administrative costs for physicians. Providers will drop out of the program, Tayloe says, leaving patients without access to high-quality care.

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Events

Cleantech Connect Career Fair

The first annual Cleantech Connect Career Fair will be held on April 21 from 3:00 pm – 5:00pm at the McKimmon Center in Raleigh, NC.

BNC Pulse

Congressional maps Are the state\'s new congressional district maps fairer than the previous ones?  Yes  No