May 2015

Spring believer

Mebane-based Kingsdown can't rest on tradition alone as it battles mattress-industry goliaths.

Kingsdown

Hot and cold

ChannelAdvisor, CommScope and Cree overcome stock-market whims as they battle for tech-sector profit.

Technology

Hire purpose

Citrix Systems' downtown Raleigh digs were designed to attract top tech talent.

Citrix

Casting a wider net

Massive outdoor-gear stores fish for more Tar Heel trade, forcing smaller rivals to try new lures.

Statewide

Latest Blog Posts

Off the dole: NC pays back debt

By David Mildenberg - May 06, 2015 - 11:00:00 am

North Carolina erased its unemployment-insurance debt to the federal government, raising questions of equity in the process.

State plans $250M NC-focused fund

By David Mildenberg - Apr 22, 2015 - 11:00:00 am

State Treasurer Janet Cowell announced a second North Carolina Innovation Fund, with $250 million to be invested in North Carolina-centered companies.

Special Reports and Publications

NC's Best Golf Courses

For the eighth 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.

Biotechnology Round Table

North Carolina's biotechnology leaders look for ways to expand into the national biodefense sector.

Small Business of the Year

2015 marks the 20th 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 Best of Health

Business North Carolina's annual ranking of the top Tar Heel hospitals, plus patient picks and other popular rankings.

2015 Best Employers in North Carolina

The state's best employers have many bright ideas to show they appreciate their workers.

Daily Digest

Charter to pay $55B for Time Warner Cable

(The Charlotte Observer)

Charter Communications will pay $195.71 a share – about $55 billion – for Time Warner Cable in a cash and stock deal. New York-based Time Warner, the nation's second-largest cable company, employs about 3,140 people in the Charlotte area.

Wilmington officials not alarmed over company's bankruptcy filing

(Greater Wilmington Business Journal)

Local officials say the bankruptcy filing of a Massachusetts company owned by Vertex Rail CEO Don Croteau shouldn't affect the Wilmington-based company's plans. Vertex Rail, which said it will create 1,300 jobs at a rail-car manufacturing plant, did not ask for incentives, though the city and New Hanover County agreed to help pay for a road extension near the plant.

Wake Forest Baptist reports strong 3Q results

(Winston-Salem Journal)

Wake Forest Baptist Medical Center reported excess revenue – the same as profit for a non-profit organization – of $38.1 million in the third quarter, compared with a loss of $97.6 million a year ago. The hospital said flu-related admissions helped drive revenue growth during the quarter, which ended March 31. Bad debt fell by 45.2%.

Enthusiasm for fracking fades

(The News & Observer, Raleigh)

Shale-gas exploration in North Carolina is off to a slow start, due in part to low energy prices and a failure to attract investors. The state began accepting fracking permit applications in March, though none have been filed. A Wake County judge temporarily stopped the state from issuing permits earlier this month.
Related: NC argues fracking panel's work valid

UNC Chapel Hill waits to release NCAA findings

(The News & Observer, Raleigh)

UNC Chapel Hill officials have received the results of an NCAA investigation into academic fraud at the university, but the findings will not be made public until a thorough review of the documents has been performed.

NC House passes $21B budget

(The News & Observer, Raleigh)

The N.C. House approved a $21 billion state budget plan by a vote of 93-23. The budget proposal, which will now move on the the Senate for consideration, would increase funding for education, including teacher raises, and restore a deduction for medical expenses on state income taxes. Last-minute changes included reducing a credit for film productions from $60 million to $40 million per year and eliminating a credit for companies that hire state universities for R&D work.

Judge halts fracking permits

(The News & Observer, Raleigh)

A Wake County judge stopped the N.C. Mining and Energy Commission from issuing drilling permits for fracking until a lawsuit between Gov. Pat McCrory and General Assembly leaders is resolved.
Related: Exploratory drilling for oil and natural gas could start as soon as next week

House budget would increase education spending

(The News & Observer, Raleigh)

The N.C. House budget proposal would increase K-12 spending by $269 million, or about 3.3%. State revenue projections show 6% growth for the upcoming year. "The first time since I've been here, I get to talk about what we're adding instead of what we're cutting," Rep. Craig Horn (R-Union County), who chairs the education budget committee, said.

View All Events>>

Events

Marketplace 2015

When: May 27

Where: Durham

Learn how to sell your goods or services to federal, state and local governments.

Sponsored by the SBTDC

 

BNC Pulse

Poll N.C. Rep Charles Jeter filed a bill that proposes replacing a statue of former Gov. Charles B. Aycock with one of Billy Graham at the U.S. Capitol. Do you support the proposal?  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.