November 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

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.

NC BBQ is smokin'

Allison Williams - Nov 25, 2015 - 6:00:00 am

Forget the turkey. Barbecue is hot right now. 

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

Alexandria Real Estate plans massive RTP project

(The News & Observer, Raleigh)

Alexandria Real Estate Equities plans to transform 56 acres in Research Triangle Park into a "world-class" campus for life-science and biotech companies. Plans call for more than 1 million square feet of space that includes a mix of new construction and renovation of existing buildings. The real-estate firm's venture capital arm will have an office on-site. The center will be modeled after similar developments in New York, San Francisco and Cambridge, Mass.

Google teams up with Duke Energy on Rutherford solar project

(The Charlotte Observer)

Google will buy energy credits to help power its Lenoir data center from a 61-megawatt solar farm that will be built in Rutherford County. It's part of a new partnership with Duke Energy called the Green Source Rider, in which customers that use large a lot of power – such as those that operate data centers – agree to purchase renewable energy at premium rates.

Chapel Hill's Pozen could reincorporate in Canada

(The News & Observer, Raleigh)

New federal guidelines designed to make corporate tax inversions more difficult have prompted Pozen to reconsider plans to reincorporate in Ireland after its planned $146 million acquisition of Canada-based Tribute Pharmaceuticals. By instead reincorporating in Canada, the combined company – to be named Aralez Pharmaceuticals – will be in compliance with the new guidelines.

California cabinet maker to create 40 jobs in Shelby

(The Shelby Star)

Ivar's Cabinet Shop will invest $2.8 million in its first location outside of California. The 49-year-old company, which makes shelving and display cases for retailers, plans to create 40 jobs in Cleveland County over the next five years.

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.

NC's chief information officer resigns post

(The News & Observer, Raleigh)

A month after his Office of Information Technology became a cabinet-level department, Chris Estes says he is returning to work in the private sector. Estes will return to PricewaterhouseCoopers, where he worked in the 2000s. He has served as the state's chief information officer since January 2013.

NC pension fund posts 3Q loss

(The News & Observer, Raleigh)

The North Carolina pension fund fell 3.7% in the third quarter. The fund is down one-half percent over the last 12 months but has gained 7% over the last five years. The fund's stock portfolio, which accounts for 41% of total investments, fell 9.2% in the third quarter while investment-grade bonds, accounting for 30% of investments, rose 1.3%.

NC leaders united in stance on refugees

(The News & Observer, Raleigh)

Leaders from both political parties stand behind Gov. Pat McCrory's request to President Obama to stop sending Syrian refugees to North Carolina. Attorney General Roy Cooper, a Democrat, also said he wants to "pause refugee entries" to ensure they are properly screened.
Also: Democrats blast Roy Cooper for comments on Syrian refugees

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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