July 2015

Staying on track

Scion of a North Carolina family with a century of real-estate history, Clay Grubb positions his company to profit from the young and restless.

Clay Grubb

Breaking up is hard to do

As they vie for an earth-shattering development, Triad leaders wonder if the benefits of regionalism have been oversold.

Triad

Animal magnetism

The North Carolina Zoo's beautiful beasts need constant care and, maybe, bond money.

NC Zoo

Heady ambition

Stitch Golf's leather head covers are scoring with U.S. and international golfers.

Stitch Golf

Latest Blog Posts

Coke Consolidated refreshes investors

By David Mildenberg - Jul 16, 2015 - 8:00:00 am

Charlotte-based Coca-Cola Bottling Co. Consolidated, though publicly held and the nation's largest independent bottler of Coca-Cola, has long operated under the radar. Now its growth prospects are raising attention among investors, and its stock has soared over the last year after years of flat performance.

McColl's PE firm buys Morrisville company

By David Mildenberg - Jul 07, 2015 - 12:30:00 pm

Falfurrias Capital Partners, a Charlotte-based private equity firm started by Hugh McColl Jr. and Marc Oken, said it bought a controlling interest in RegEd, a provider of compliance software for the financial-services industry that is based in Morrisville.

Special Reports and Publications

Business and Education Round Table

NC must invest in science and technology education to build a stronger, more capable workforce.

2015 Financial 100

NC banks and credit unions report big profit gains after working through most recession-era troubled loans.

Cash crop

From biotechnology to education, NC's agricultural leaders seek ways to keep the industry strong.

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.

Daily Digest

Catawbas in talks with Hard Rock for NC casino

(The Charlotte Observer)

Catawba Indian Nation Chief Bill Harris says the tribe is negotiating with Hard Rock International for branding of its proposed $600 million casino near Kings Mountain. Gov. Pat McCrory and other state officials have said they oppose the casino and hotel project, which the South Carolina-based tribe says could employ up to 4,000 people.

Scandals aside, UNC fundraising rebounds in 2014-15

(Durham Herald-Sun)

UNC Chapel Hill raised $447 million in fiscal 2014-15, the first year of a seven-year fundraising campaign, a 44% increase over the previous year. The campaign was boosted by Fred Eshelman's $100 million gift to the pharmacy school.
Related: "The Carolina way," July 2014

Projects will help transform downtown Durham

(The News & Observer, Raleigh)

Two new developments on about 18 acres near the American Tobacco Campus will add much-needed office space in downtown Durham, where the occupancy rate is 93%. Apartments, retail shops and hotels are also planned.

Asheville petition to restrict chain stores gains momentum

(Mountain Xpress)

An online petition calling for the city of Asheville to regulate or put a moratorium on corporate chain stores in the downtown area collected 2,000 signatures within a week. A local salon owner started the petition after retailer Anthropologie expressed interest in opening a store there.

Tension builds between McCrory and fellow Republicans

(Asheville Citizen-Times)

Gov. Pat McCrory's opposition to a Senate proposal that would shift sales tax revenue from urban counties to rural ones highlights the growing divide between the former Charlotte mayor and Senate Republicans, specifically those from less populous counties, including Sens. Tom Apodaca (R-Henderson County) and Harry Brown (R-Onslow).
Related: Fellow Republicans test Gov. Pat McCrory

NC Supreme Court rules in favor of school vouchers

(The News & Observer, Raleigh)

By a 4-3 vote that was split along party lines, the North Carolina Supreme Court ruled Thursday to uphold a school voucher program that provides low-income families up to $4,200 a year to send their children to private schools.

NC legislators attend California conference

(WRAL.com)

Nine Republican members of the N.C. House of Representatives, including Speaker Tim Moore, are in San Diego this week attending an annual conference of the American Legislative Exchange Council (ALEC), a conservative nonprofit organization.

McCrory threatens veto of sales-tax proposal

(Asheville Citizen-Times)

A spokesman for Gov. Pat McCrory said the governor would veto a budget proposal that includes a plan to redistribute sales tax revenue to counties based on population rather than where goods were purchased. Sen Harry Brown, a Republican from Onslow County who proposed the plan, said McCrory is favoring big cities over rural areas.

 

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BNC Pulse

Poll: Sales tax schism Do you support a Senate budget proposal that would give sales tax revenue to counties based on population, rather than where goods and services are purchased?  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.