August 2014

The suitcase CEO

How N.C. can Extended Stay America be when CEO Jim Donald lives in Washington state?

Cover Story

Life shucks

A money manager forsakes a career in high finance to spend his days wading in the muck as an oyster farmer.

Life shucks

Tower of power

The landmark Reynolds building is the latest piece of the tobacco empire developers want to renovate.

Tower of power

Home again

Homer Wright built the top-selling Carolina coastal community - then moved back to Eden.

Home again

Latest Blog Posts

Canton paper mill wins incentives from state

By David Mildenberg - Aug 20, 2014 - 5:00:00 pm

The billionaire owner of the Canton paper mill, a bulwark of western North Carolina’s economy for more than a century, will get $12 million from the state.

Just appreciate, baby!

By Spencer Campbell - Aug 20, 2014 - 1:30:00 pm

Complain all you want about its concussions, its tin-eared commissioner and its players who carry more guns than common sense — the NFL is doing just fine, thank you very much. Forbes released its annual ranking of most-valuable NFL franchises today, and 25 of the league’s 32 teams are worth more than a billion dollars.

Special Reports and Publications

Top 75 Public Companies

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

Research North Carolina

The concepts, processes and technologies created in North Carolina's private and public institutions are laying the groundwork for economic success in our state.

Financial 100

Community banks and credit unions show resilience as the battered economy regains strength.

The Law Journal

Top Tar Heel lawyers identify some of the most important issues impeding business in the state.

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.

Daily Digest

Lawmakers' vote may cost Wilmington area Continental Tire plant

(StarNews, Wilmington)

The incentives bill that was voted down by state legislators may have cost Brunswick County a Continental Tire plant and more than a thousand jobs. The German tire manufacturer is reported to be looking at a site near the Brunswick-Columbus county line.

BofA settlement announcement expected Thursday

(The Charlotte Observer)

The U.S. Justice Department is expected to announce a settlement with Bank of America over faulty mortgage bonds Thursday morning. The settlement is expected to be about $16.6 billion, the largest ever between the government and a company.

Cary-based Ply Gem to acquire Ohio window company for $130M

(The News & Observer, Raleigh)

Cary-based Ply Gem Holdings will pay $130 million for Simonton Windows, a Columbus, Ohio-based vinyl window and door manufacturer with annual revenues of more than $300 million. Ply Gem makes vinyl siding, doors and windows and employs more than 6,200 people in North America.

BB&T confirms unspecified number of job cuts

(Winston-Salem Journal)

Winston-Salem-based BB&T confirmed Wednesday that it is cutting a small percentage of its workforce, though the company declined to provide the number of affected employees or if any local or state jobs would be eliminated.

Coal-ash bill moves forward

(The News & Observer, Raleigh)

The state House and Senate approved a bill that would require Duke Energy to remove ash from four of its coal-fired power plants and close all 33 ash ponds in North Carolina. The bill, which will now go to Gov. Pat McCrory for approval, would create a commission to oversee the utility's ash cleanup progress.

Legislators compromise on coal-ash bill

(The Charlotte Observer)

State legislators could vote as early as Wednesday on a bill that would require Duke Energy to remove coal ash from four power plants. Storage ponds at other coal-fired power plants could be capped without removing ash, provided the state Department of Environment and Natural Resources finds that the ash will not contaminate groundwater (cover story, April).

NC House defeats sales tax, incentives bill

(The Charlotte Observer)

The N.C. House voted against a bill that would have created a $20 million closing fund for corporate recruiting and that would have capped local sales taxes at 2.5%.

Mark Martin named chief justice of NC Supreme Court

(The News & Observer, Raleigh)

Gov. Pat McCrory appointed Mark Martin chief justice of the N.C. Supreme Court. Martin, a Republican and senior associate justice since 2006, will replace Sarah Parker, who is retiring at the end of August, and will serve in the position for the next two months. He is seeking election to the seat in November.

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Events

NCTA: Emerging Tech + Trends

Topic: Open Source Licensing Law

The open source movement has revolutionized the way software is developed.  However, patent and licensing issues can hinder innovation and development.  This panel will explore the latest in open source licensing and steps to best protect your software assets.

When:  Wednesday, September 10, 2014

Where: Durham

BNC Pulse

Poll: O'Bannon opinion Do you agree with a federal judge's ruling that the NCAA must allow student athletes to receive some of the money generated from sales of video games and other products that use their names or images?  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.