July 2015

Bounty hunter

ZeekRewards seemed too good to be true and it was. Its collapse put former federal prosecutor Ken Bell on an international money chase.

ZeekRewards

Coasting on its laurels

No longer besieged by pirates or privateers, Southport retains a charm that attracts tourists seeking a laid-back, fishing-town vibe.

Southport

Family ties

The Capels have stitched together a business producing braided rugs for nearly a century.

Capel

Plain Blaine

State Employees' Credit Union has soared to $30 billion in assets by keeping it simple and bucking conventional financial wisdom.

Jim Blaine

Latest Blog Posts

BNC recognized for excellence in journalism

By Business North Carolina - Jun 30, 2015 - 8:00:00 am

Business North Carolina took home a record eight Editorial Excellence awards at the Alliance of Area Business Publishers annual conference, held last weekend in Charlotte.

High Point official is state's top economic developer

By David Mildenberg - Jun 10, 2015 - 4:00:00 pm

The North Carolina Economic Developers Association (NCEDA) named Sandy Dunbeck, senior vice president of the High Point Economic Development Corporation, as the state's 2015 Economic Developer of the Year.

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

SECU buys famed Chapel Hill office building

(The News and Observer)

State Employees Credit Union is buying the former headquarters of Blue Cross and Blue Shield of North Carolina in Chapel Hill for $35 million. Blue Cross is moving to a 48-acre Durham campus. 

Electrolux slams DOJ over GE deal

(The Charlotte Observer)

Electrolux criticizes the federal government’s attempt to block its proposed purchase of General Electric Co.’s appliance business.


Read more here: http://www.charlotteobserver.com/news/business/article25982608.html#storylink=cpy

Manufacturer adding 86 jobs in Shelby

(The Shelby Star)

Metal Works Manufacturing Co. will invest $3.9 million and add 86 jobs within the next three years. If it meets job-creation targets, the company will be eligible for $1.3 million in state incentives over 12 years.

Second Charter Square building being planned

(The News and Observer)

Dominion Realty Partners may construct a 22-story building that would feature 250,000 square feet of offices and 194 apartment units in downtown Raleigh, adjacent to its 11-story building that opened in June.


Read more here: http://www.newsobserver.com/news/business/real-estate-news/article25999921.html#storylink=cpy

State may redistrict Greensboro city council map

(The News and Record)

The N.C. General Assembly is expected to consider a bill Thursday to add an eighth district to the Greensboro City Council. A conference committee approved the changes Wednesday despite opposition from Greensboro lawmakers and Mayor Nance Vaughn.

 

DENR warns legislators about impact of bill

(The News & Observer, Raleigh)

The N.C. Department of Environment and Natural Resources is urging state lawmakers not to support a Senate bill that would eliminate air-quality monitors throughout the state and loosen other regulations for air and water quality and recycling. Supporters of the bill say it promotes more business-friendly policies.

House, Senate leaders agree to 45-day budget extension

(WRAL.com)

The N.C. Senate is expected to approve Tuesday a measure that will allow the state to continue funding programs at current spending levels until Aug. 14. The House approved the budget extension Monday night. The budget deadline is 11:59 p.m. Tuesday.

McCrory to wait on Medicaid expansion

(The News & Observer, Raleigh)

Gov. McCrory said he won't push for an expansion of Medicaid in North Carolina until more research is available from states that have already expanded the health-benefits program. A U.S. Supreme Court ruling last week validated subsidies offered by states, including North Carolina, that allowed the federal government to run their ACA health exchanges.

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BNC Pulse

Beach bust Will recent shark attacks along the NC coast have a negative impact on the state tourism industry?  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.