2006-08

Article Title Issue

CED seeks to sow more seed money

North Carolina companies struck fewer venture-capital deals in 2005 than the year before. But the amount they received grew 61% to $507.5 million, according to the MoneyTree Report, a national study of the industry. Companies in Research Triangle Park grabbed about 80% of the state’s total, says the Council for Entrepreneurial Development, a Durham-based nonprofit that helps new businesses in the state.
2006-08

Distiller doesn't have a bootleg to stand on

Shh, don’t tell anyone: Catdaddy Carolina Moonshine isn’t what it claims. It’s corn liquor, but not the potent popskull distilled in stealth that blockaders ran down back roads. It’s 80-proof, same as Jack Daniel’s sipping whiskey. And unlike the real stuff, it’s legal.
2006-08

GAAP toothed

Terry Stevens gathers reference books and a few family photographs for an elevator trip from the sixth floor to the fourth. Perhaps a dozen employees of Raleigh-based Highwoods Properties Inc. will join him there. They’ve got a lot of work ahead. Eleven-hour days, probably. For the next few months — what remains of 2005 — Highwoods has dibs on one day each weekend.
2006-08

He profits when his products get swiped

As president and CEO of the nation’s largest maker of hotel key cards, Mark Goldberg has heard the rumor: The magnetic stripe on the back is filled with personal information — your credit-card number, for example — that a tech-savvy person could steal.
2006-08

Lost In the clouds

We grew up together, Piedmont Airlines and I. My first airplane ride was on one of its DC-3s. I was just off the farm, and the Army was sending me to journalism school in New York City. Flunk out, they told me, and we’ll put you in the infantry. In those days, that meant Vietnam, but that wasn’t why my stomach was in a knot on this particular summer morning. It was insecurity, the fear of failing.
2006-08

NASCAR driver: Don't do as I do, do as I sell

Ford Motor Co. executives didn’t try to hide their displeasure after NASCAR driver Dale Jarrett announced he will race Toyotas next year instead of Fords. “We’re obviously not happy,” says Dan Davis, director of Dearborn, Mich.-based Ford Racing Technology.
2006-08

Quaff from Cup slakes Canes' parched coffers

"What will help the most, hockey fans say, is if the Hurricanes can put a competitive team on the ice. But that, too, is questionable. … As of early September, the team’s roster had stirred little excitement." — Business North Carolina, October 2005

Nine months later, of course, that Carolina Hurricanes roster had managed to stir up quite a bit of excitement, delivering the Stanley Cup to Raleigh in a Game 7 win over the Edmonton Oilers.
2006-08

She snips red tape tangling small biz


Gail McDonald helped six disgruntled bakery owners figure how to work with state government to hang on to their dough. As the first small-business ombudsman for the N.C. Department of Commerce, it’s her job to guide the little guy through regulations that can leave business owners fuming.

2006-08

There is a lesson in this somewhere

Call it carrying coals to Newcastle: Starting a college a stone’s throw from the Triangle — home of UNC Chapel Hill, Duke and N.C. State and several smaller schools — seems far-fetched. But a Duke professor says Founders College could open as soon as fall 2007.
2006-08

Yadkin wineries try to crush a festival

It’s bigger, more established and has the better name. So why do some of the state’s leading winemakers want to put a cork in the North Carolina Wine Festival in favor of a new event that attracted only about a third as many people?
2006-08