April 2014

Heart of coal

Ashes of what made Duke Energy so powerful now smudge its reputation.

Cover Story

Business with pleasure

The governor calls on the state's best courses to help him court commerce. Here's a list of the best in the state.

Feature

Skins game

Harold Varner takes aim at becoming one of the rarest things in golf — a black pro.

Feature

Just for Clicks

Best places to own a home in NC, and BJ Leiderman composes a theme song for BNC.

Just for Clicks

NC Trend

N.C. Employment

The North Carolina unemployment rate fell to 6.7% in January, down from 6.9% the previous month. The U.S. rate was 6.6%.

N.C. Employment

Special Reports and Publications

NC's Best Golf Courses

For the seventh 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.

N.C. Mid-Market Fast 40

Nominate a company for our annual list of the fastest-growing middle-market companies in the state.

Small Business of the Year

2014 is the 19th 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 Annual Checkup

Our 2014 list of the state's top hospitals, plus second opinions from other popular rankings.

Best Employers in North Carolina

The state's best employers don't give their workers everything; they give them the right things.

Daily Digest

UNC study: Immigrants have positive impact on NC economy

(The News & Observer, Raleigh)

A UNC Chapel Hill study commissioned by the N.C. Bankers Association shows that about 750,000 immigrants living in North Carolina contribute $23,371 to the state's economy on a per capita basis. The study added up consumer dollars immigrants spend and taxes they pay and subtracted public services they consume to come up with an estimated "net benefit."

Bank of America reports first quarter loss

(The Charlotte Observer)

Bank of America reported a first-quarter loss of $276 million compared with a profit of $1.5 billion for the same period a year ago. CEO Brian Moynihan said the costs of resolving mortgage-related issues, including last month's $9.5 billion settlement with the Federal Housing Authority, hurt the Charlotte-based bank's earnings.

Wilmington's Live Oak Bank to go public

(Greater Wilmington Business Journal)

In an SEC filing, Wilmington-based Live Oak Bank announced plans to go public though no share price was given. The statement says the bank, which began as a small-business lender, will use proceeds from the public offering to pay off about $8 million in debt and support expansion.

RF Micro, TriQuint reveal consolidation plans

(Winston-Salem Journal)

The new company formed when Greensboro-based RF Micro Devices acquires Hillsboro, Ore.-based TriQuint Semiconductor will be called Rocky Holding Inc., and the two companies will operate as subsidiaries with dual headquarters. RF Micro CEO Robert Bruggeworth will serve as president and chief executive. Pending shareholder and regulatory approval, the $1.56 billion deal is expected to close in the second half of the year.

State says charter schools must reveal salaries

(The Charlotte Observer)

Reversing a previous statement, the N.C. Board of Education now says charter schools must disclose how tax dollars are spent, including salaries. State Superintendent June Atkinson said that when the N.C. Department of Instruction said in March that charter schools did not need to publicly reveal salaries, the agency's attorneys had misunderstood the question.

Pay increases for veteran teachers unlikely this year

(The News & Observer, Raleigh)

GOP legislators say it is unlikely that North Carolina educators will receive across-the-board salary increases this year. Some Democrats say the reason is the recent tax overhaul that will leave the state with $2.4 billion less in revenue over the next five years. State employees and teachers have had one pay increase since 2008.

McCrory, Decker announce new workforce-development initiative

(The News & Observer, Raleigh)

Gov. Pat McCrory and Commerce Secretary Sharon Decker announced the launch of NCWorks, a workforce-development initiative to be developed over the next 12 months that will connect businesses with potential employees.

Charlotte will pay $1.3 million for PCB cleanup

(The Charlotte Observer)

Charlotte City Council approved $1.3 million for testing and decontamination of PCBs found in the city's sewer system in February. The toxic chemicals were first linked to a grocery store grease trap and have been detected at two water treatment plants. 

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Events

2014 Manufacturing Summit

Presented by the North Carolina Chamber

From navigating environmental regulations and site-selection strengths and weaknesses, to supply chain logistics and strategies for identifying qualified talent, this event will cover the timely topics that your leadership team and employees are tackling every day.

Thursday, May 1, Greensboro

BNC Pulse

Poll: Fiber fever Tech companies are rushing to upgrade their fiber networks to keep or get your business. How much more would you pay for home Internet service 20 or even 100 times faster than the average service?  $50 more a month  $20 more a month  Nothing, I wouldn't upgrade.

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