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

Durham's Square 1 Bank to be acquired by PacWest

(The News & Observer, Raleigh)

Square 1 Bank will be acquired by Los Angeles-based Pacific West Bank in an all-stock deal valued at $849 million. The Durham-based bank, which went public a year ago, has assets of about $3 billion and about a dozen loan-production offices nationwide. Square 1 will keep its name and will operate as a division of PacWest.  

Jordan debuts on Forbes' billionaires list

(The Charlotte Observer)

With a net worth of about $1 billion, Charlotte Hornets' owner Michael Jordan made his first appearance on Forbes magazine's annual billionaires list. Jordan joins SAS executives Jim Goodnight and John Sall and Charlotte businessman C.D. Spangler on the list, which includes 1,826 billionaires worldwide.

Quicken overtakes BofA on list of top mortgage lenders

(The Charlotte Observer)

Bank of America slipped a spot to fourth place on a ranking of lenders with top mortgage market share. San Francisco-based Wells Fargo is still the nation's largest mortgage lender, followed by JPMorgan Chase and Detroit-based Quicken Loans. 

Greensboro-High Point MSA earns national ranking

(High Point Enterprise)

The Greensboro-High Point Metropolitan Statistical Area ranked No. 1 in the nation for new and expanded corporate facilities. The listing in Site Selection magazine includes metro areas with populations of 200,000 to 1,000,000. The area had 41 qualifying projects in 2014, including expansions by APAC Customer Service and Thomas Built Buses. 

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.

UNC governors vote to increase tuition, close academic centers

(The News & Observer, Raleigh)

The UNC Board of Governors approved systemwide tuition increases for in-state undergraduate students. Tuition and fees will increase an average of 4.3% next year, bring the average cost to $6,448.88 per year. 
Also: UNC Board of Governors votes to close 3 university-based centers

 

UNC Board of Governors to vote Friday on closing centers, raising tuition

(The News & Observer, Raleigh)

In committee meetings in Charlotte this week, members of the UNC Board of Governors supported closing three academic centers – including the Center for Poverty, Work and Opportunity at UNC Chapel Hill – and raising tuition and fees by an average of 4.3% for in-state students next year. The full board is expected to vote Friday on the proposals.

View All Events>>

Events

Government Affairs Conference

Presented by the North Carolina Chamber.

Where: NC History Museum, Raleigh

When: May 12

 

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.