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

Spectra Group bringing 250 jobs to Charlotte

(The Charlotte Observer)

Princeton, N.J.-based Spectra Group will open a Charlotte office, creating 250 jobs with an average annual salary of $84,996. The jobs will be based in downtown's BB&T Center and will provide services for the financial industry.

Heritage Home moving headquarters to High Point

(High Point Enterprise)

Heritage Home Group will move its headquarters from St. Louis to High Point, where it will employ about 300. Heritage Home was formed last year when KPS Capital Partners bought assets of Furniture Brands International out of bankruptcy.

Zipper maker expanding in Oxford

(The News & Observer, Raleigh)

Ideal Fastener Corp. will invest more than $5.7 million in its Granville County plant and will add 155 jobs over five years. The second-largest zipper manufacturer in the world, Ideal employs 226 at its manufacturing headquarters in Oxford.

Duke Energy begins cleanup of former gas plant property in Kinston

(The Free Press, Kinston)

Duke Energy has begun cleaning up the site of a former manufactured-gas plant in Kinston that has been dormant for more than 60 years. The Charlotte-based utility plans to clean 14 such sites, where it used coal to manufacture gas for street lamps before natural gas became available.

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."

State Rep. Jim Fulghum dies at 70

(The News & Observer, Raleigh)

North Carolina Rep. Jim Fulghum, 70, died Saturday. The Wake County Republican was diagnosed with metastatic esophageal cancer three weeks before his death. A retired neurosurgeon, the Raleigh native was first elected to the House in 2012.

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Events

Small Business Seminars

Sponsored by the North Carolina Department of Revenue

Keys to Success Workshop (Charlotte, Elizabeth City, Fayetteville, Greensboro, Hickory, Raleigh, Wilmington, Winston Salem)

Taxpayers will participate in hands on activities while learning their basic business requirements for the North Carolina Department of Revenue.

 

Various dates and times from June 19- August 28.

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.