July 2014

The Carolina way

To keep pace with universities among the most gifted, UNC steps up its fundraising with the well-heeled.

Cover Story

Nature gets nurtured

An herbal-supplement company in Brevard strives to make Mother Nature's best better.

Gaia Herbs

Catching a break

Lenders looked like losers when former NFL tight end Casey Crawford got in the mortgage game.

Movement Mortgage

The bull by the horns

When knocked down, Jerome Davis helped other Tar Heel cowboys mount up.

Davis Rodeo

Latest Blog Posts

Charlotte bubbles ahead

By David Mildenberg - Jul 23, 2014 - 6:30:00 pm

Landing 1,260 jobs and the headquarters of Sealed Air Corp. may rank among the best days in the history of Charlotte’s business community, on par with NationsBank Corp.’s purchase of Bank of America Corp. in 1998 or Royal Insurance’s U.S. headquarters relocation from New York City in 1986.

Raleigh tops 'Best Places for Business' list

By Spencer Campbell - Jul 23, 2014 - 12:40:00 pm

Eat your heart out, Des Moines. Raleigh returned to the top of Forbes’ Best Places for Business and Careers in 2014, unseating the Iowa state capital. Hickory, however, ranked 10th worst.

Special Reports and Publications

Financial 100

Community banks and credit unions show resilience as the battered economy regains strength.

The Law Journal

Top Tar Heel lawyers identify some of the most important issues impeding business in the state.

NC's Best Golf Courses

For the seventh 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.

Energy Round Table: Flipping the Switch

Renewables have shown their importance to the N.C. energy industry, but their growth requires clearer policies and better technology.

The Annual Checkup

Our 2014 list of the state's top hospitals, plus second opinions from other popular rankings.

Daily Digest

Sealed Air brings 1,300 jobs to Charlotte

(The Charlotte Observer)

Sealed Air Corp. − the maker of Bubble Wrap − will move its headquarters from Elmwood Park, N.J. to Charlotte, bringing 1,262 jobs. The company will invest $58 million in its new campus, and it will receive up to $36 million in state incentives.  

Moogfest to become a biennial event

(Asheville Citizen-Times)

Asheville's Moogfest music and technology festival will take a year off and return in 2016. Moog Music invested $3 million in the revamped music festival, which expanded from three to five days and added technology and innovation programs. The 2014 festival lost $1.5 million. 

PowerSecure gains new contracts totaling $140 million

(The News & Observer, Raleigh)

PowerSecure International announced contracts totaling $140 million, including $120 million of utility-scale solar projects. The Wake Forest-based company provides technology products and services to electric utilities. Its stock rose 12% on Wednesday.

Profits up at Winston-Salem-based Hanesbrands

(Winston-Salem Journal)

Hanesbrands reported a $154.6 million profit for the second quarter, driven by increased sales in apparel. That compares with $121.6 million a year ago. The company raised its 2014 earnings guidance by 40 cents.

NC Senate gives initial approval to sales-tax changes

(The News & Observer, Raleigh)

The state Senate gave initial approval to a measure that would place a cap on the amount of sales taxes counties can collect. Under the proposed legislation, most counties would be limited to a local sales- and use-tax limit of 2.5%. 

McCrory signs Common Core compromise bill

(The News & Observer, Raleigh)

Gov. Pat McCrory signed a bill Tuesday that will create a new commission to review and develop curriculum to replace Common Core standards in public schools. The bill, which is a compromise to House and Senate bills, will allow the commission to keep some parts of Common Core.

Homeowner's insurance companies 'bullying' customers to pay higher rates?

(WRAL.com)

North Carolina Insurance Commissioner Wayne Goodwin says insurance companies are charging higher homeowner's insurance rates than the maximum allowed by the state because companies believe the cap is too low. Goodwin says the law that allows insurance companies to raise homeowner's insurance rates by sending out "consent to rate" letters was intended for rare circumstances. 

Obama administration opens Eastern Seaboard to gas exploration

(WRAL.com)

President Obama will allow exploration for oil and gas beneath the ocean along the Eastern Seaboard. In a statement, Gov. Pat McCrory called the decision "an important step in the right direction toward more jobs for North Carolina and our country."

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Events

North Carolina Conference on Education

North Carolina Vision 2030 – A Plan for Accelerating Job Growth & Securing North Carolina’s Future

August 14, Durham

Sponsored by the North Carolina Chamber

BNC Pulse

Poll: Summer spending A recent Gallup survey showed consumers are spending more this summer, but on basics such as gas, groceries and health care rather than leisure and travel. How much will you spend on travel and entertainment this summer compared with a year ago?  About the same  More  Less

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.