May 2016

Bid winner

Steve DeCarlo turned a sputtering insurance brokerage into a market leader valued at more than $2 billion

AmWins

Get smart

The state’s diverse colleges and universities offer dozens of options and pack a big economic wallop.

Education list

Square footage

Scrimping on space might just save retirement for many older Americans.

Picture This

Comeback trail

Investments in defense, roads and wind spur northeast North Carolina.

Look back

Latest Blog Posts

Cheap, cheap, cheap: The incredible story of Ralph Ketner

David Mildenberg - May 31, 2016 - 1:00:00 pm

Ralph Ketner was among North Carolina's most Ralph Ketnersuccessful and colorful businessmen. Starting with one Salisbury store in 1957, Ketner built a chain that had more than 680 stores when Ketner retired as chairman of the board in 1991.

Vote For Your Favorite North Carolina Businesses Today!

Ben Kinney - May 27, 2016 - 12:00:00 am

To highlight the best businesses in our state, Business North Carolina is asking residents of North Carolina to participate in a peer voting process called Best of Business.

Special Reports and Publications

Health Care Round Table

North Carolina’s reputation for research, workforce and quality of life attracts international biotechnology companies.

North Carolina Higher Education Directory

A comprehensive guide to higher education in the state, with information about North Carolina's public and private colleges, universities and community colleges.

2016 Best of Business

Cast your votes for the best companies to do business with in North Carolina.

Biotechnology Round Table

North Carolina’s reputation for research, workforce and quality of life attracts international biotechnology companies.

NC's Best Golf Courses

For the ninth 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

Food Lion co-founder Ralph Ketner dies

(The Charlotte Observer)

Ralph Ketner, the Rowan County native who co-founded the supermarket chain that became Food Lion, died Sunday. He was 95. Ketner and two partners started Food Town in Salisbury in 1957. Ketner said the group landed its first 125 investors by calling people in the phone book, asking for $50 or $100 apiece — investments that eventually were worth $1 million. The business changed its name to Food Lion in 1982 and now has more than 1,100 stores in the Southeast.

Chatham Park picks Eco Group for first phase of development

(The News & Observer, Raleigh)

Construction is expected to begin next year at Chatham Park, the massive planned community near Pittsboro led by Cary's Preston Development. The Eco Group will develop the first phase of commercial property, which could include a hotel, a brewery and an apartment complex for seniors. Construction on residential units also is expected to begin in about 12 months, with the first homes priced between $250,000 to $500,000. The 8,000-acre project is zoned for 22,000 homes.

Novant Health reports 22% increase in excess income

(Winston-Salem Journal)

Novant Health reported on Friday $56.3 million in excess income — the equivalent of profit for a nonprofit company — for the first quarter, an increase of 22.1%. Total operating revenue topped $1 billion, a nearly 7% increase, for the Winston-Salem-based health care system

Charlotte businessman and civic leader Cliff Cameron dies at 96

(The Charlotte Observer)

Former First Union CEO Cliff Cameron died Saturday in Charlotte. Cameron led the Charlotte-based bank from 1966 to 1984, served as the state budget director under Gov. Jim Martin from 1985 to 1990 and in 1983 founded "The Group," a gathering of business leaders that included Ed Crutchfield, Hugh McColl and former Duke Power CEO Bill Lee who met informally to discuss community affairs.

New forecast for Union County toll project shows $1.15B less revenue

(The Charlotte Observer)

A 20-mile highway under construction in Union County was expected to bring in $3.15 billion in tolls over 40 years, according to a 2010 study. A new projection shows the Monroe bypass will generate $2 billion by 2058. One of the reasons for the difference is that local planners now expect fewer people to live in Union County.

2 new interstate names approved for eastern NC

(Hendersonville Times-News)

Federal officials approved Interstate 42, a new proposed highway between Interstate 40 and Morehead City, and Interstate 87 along US 64/17 between Raleigh and Virginia. Gov. Pat McCrory says the roads will improve connectivity with Virginia's Hampton Roads area. No timetable has been given for when the roads will be built or how they will be funded.

Bill to slash tuition at 5 state universities advances to Senate

(The Fayetteville Observer)

A bill that would reduce tuition to $500 per semester at five public state universities passed two Senate committees on Wednesday and is scheduled for a full Senate vote on Thursday. The bill is designed to cut costs and boost enrollment at Fayetteville State, UNC Pembroke, Winston-Salem State, Elizabeth City State and Western Carolina.

Attorney: McCrory will veto coal-ash bill

(The Times-News, Burlington)

On Tuesday, the House Rules Committee approved a bill that would reconstitute a state commission to oversee cleanup of ash ponds across North Carolina. Gov. Pat McCrory threatened to veto the bill if it passes through the General Assembly in its current form. A state Supreme Court ruled in January that a former oversight committee was unconstitutional.

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Events

Tech in Motion (Q3 - Triangle)

Date: September 28, 2016
Time: 8:30 AM - 11:00 AM EDT

BNC Pulse

Congressional maps Are the state\'s new congressional district maps fairer than the previous ones?  Yes  No