December 2015

Hamner time

A deal junkie with an academic pedigree, Clay Hamner is carving a slice of the gourmet-food business.

Clay Hamner

High rise

Fred Klein emerged as a dominant Charlotte developer without calling attention to himself or his partnership team.

Fred Klein

Hot cider

With a new take on an ancient beverage, two Asheville friends brew up a business in North Carolina's apple country.

Noble Cider

Role tide

North Carolina's fastest-growing burg, sitting in the path of Raleigh's sprawl, hopes to retain a bit of its small-town charm.

Town Square

Latest Blog Posts

CommunityOne purchase raises stakes for former BofA execs

David Mildenberg - Nov 30, 2015 - 7:40:00 am

Former Bank of America Corp. executives Gene Taylor and Chris Marshall are charging back into Charlotte’s business mix with their $350 million purchase of CommunityOne Bancorp. Since starting their bank holding company in late 2009 by raising $900 million, the duo have built Capital Bank Financial Corp. by acquiring banks from Miami to Nashville to Raleigh.

North Carolina voters should back $2 billion bond package

Robert Orr - Nov 25, 2015 - 9:00:00 am

In an op-ed, former North Carolina Supreme Court Justice Robert Orr argues that North Carolina voters should support a $2 billion bond issue in the March elections because of its positive impact on the state's colleges, parks and utility systems.

Special Reports and Publications

Cybersecurity Round Table: Digital disasters

Business North Carolina gathered a panel of cybersecurity experts to discuss how to recognize threats, protect data and react to a breach.

North Carolina Mid-Market Fast 40

Our annual list of the fastest-growing middle-market companies in the state.

Charlotte Region Round Table: Future focused

The Charlotte region is banking its past successes and looking toward the future by developing leadership and industries.

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.

Wake County Round Table: Rise to shine

Wake County uses its world-class educational, research and health care assets to solve the challenges that have come with its success.

Daily Digest

Businesses put out welcome mat for some hackers

(The Charlotte Observer)

North Carolina businesses including Bank of America, Lowe's Cos. and Ally Financial are hiring more "ethical hackers" to help find holes in cyber defenses. Hiring websites are full of ads seeking people with necessary computer skills that can deter not-so-ethical hackers.

Read more here:

Atlanta developer firming up plans for SouthPark-area project

(The Charlotte Observer)

Atlanta-based Reynolds Development & Management Group is considering a mixed-use project involving a retirement center, housing and retail at a 10.6-acre undeveloped site near Charlotte's SouthPark mall, property records show. Reynolds paid $16.5 million for the site in 2008, buying it from Lincoln Harris, according to a filing. Engineering and architecture firm Benesch is working on the project.

Read more here:

Charlotte's Carolina Premier raises $8 million to pay back feds

(The Charlotte Observer)

Carolina Premier Bank, based in Charlotte, raised about $8 million in a private stock offering with plans to use proceeds to pay off $6.2 million of preferred shares held by the U.S. Treasury. The company participated in a 2010 federal program that put money into participating community banks, aiding their lending to small businesses. The bank sold 1.2 million shares at $7 each. CEO David Barksdale is former chief strategy officer at NewBridge Bancorp of Greensboro.

ITG Brands could be takeover target

(Winston-Salem Journal)

British American Tobacco could be looking at buying Greensboro-based ITG Brands in a deal worth $67 billion, according to a top analyst. Imperial Tobacco Group in June acquired four traditional cigarette brands and blu eCigs from Reynolds American and Lorillard. The company employs about 1,700 former Lorillard employees in Greensboro.

Influential state senator won't run again in 2016

(The News and Observer of Raleigh)

Sen. Tom Apodaca, a Hendersonville Republican, won't run for an eighth term. He has been chairman of the Senate Rules Committee, overseeing much of the legislation considered by state lawmakers. His decision follows a similar retirement plan of Sen. Bob Rucho, a Matthews Republican. Senate Pro Tem Phil Berger praised Apodaca and called him one of his best friends.

Read more here:

State wants a sponsor for Asheville-Salisbury bus service

(Asheville Citizen-Times)

State government hopes to lure a sponsor to fund bus service between Asheville and the passenger rail station in Salisbury. Service for a statewide rail plan is scheduled to start in 2018 under state Board of Transportation plans. Officials want to promote passenger rail as the state improves tracks between Charlotte and Raleigh. Asheville businesses see the bus service as a potential boost to tourism.

Clean energy debate expected to return

(The News & Observer, Raleigh)

Though recent efforts to get rid of the state's renewable energy portfolio law failed, state Rep. Mike Hager and others plan to revive the issue in next year's legislative short session. The law mandates that utilities produce increasing amounts of energy from renewable sources through 2021.
Related: Federal, state battle over emissions could impact the NC coast

Dale Folwell resigns as head of employment security

(The News & Observer, Raleigh)

Dale Folwell, assistant secretary of the state Department of Employment Security, will step down Dec. 1. During his tenure, the state paid off $2.8 billion in debt to the federal government, and the state's unemployment trust fund reserve was restored to more than $1 billion. Folwell is considering a run for state treasurer.

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BNC Pulse

Poll: Party time A new survey shows 30% of companies are ditching office holiday parties this year, the largest percentage since 2009. Are year-end office parties a good idea?  Yes  No

N.C. Family Business of the Year Winners