February 2015

Peddle to the metal

Gene Haas is betting a billion bucks that his F1 team will win Grand Prix races and a worldwide market for his machine tools.

Gene Haas

Getting schooled

Wilmington's Port City Java started its college business at N.C. State. The company is expanding to other schools in the Carolinas.

Port City Java

Mountain jam

Lots of people want to live in Asheville, but development hasn't kept pace with the city's population growth.

Mountain Jam

Staffing up

Many of North Carolina's largest employers added workers in 2014.

Employment

Latest Blog Posts

Top-rated Tar Heel financial advisers

By David Mildenberg - Feb 25, 2015 - 12:35:00 pm

Thirty financial advisers from North Carolina made Barron’s magazine’s annual rankings of the nation’s 1,200 top stockbrokers.

Wilmington's nCino raises $29 million

By Cathy Martin - Feb 24, 2015 - 2:15:00 pm

Wilmington-based software company nCino Inc. completed a $29 million round of financing led by New York-based private-equity firm Insight Venture Partners. Other investors include former Morgan Stanley chairman and CEO John Mack, Boston-based Wellington Management Company LLP and Gene Ludwig, founder and CEO of Promontory Financial Group and former U.S. Comptroller of the Currency.

Special Reports and Publications

North Carolina's Best Doctors

Our annual list of the state's best doctors, including more than 1,600 in more than 60 different specialties and subspecialties.

The Legal Elite

Since 2002, Business North Carolina magazine has honored Tar Heel lawyers by publishing Business North Carolina's Legal Elite, a listing of the state's top lawyers in business-related categories.

Small Business of the Year

2014 was the 19th year Business North Carolina magazine selected a Small Business of the Year to honor the contributions these companies make to our state’s economy.

North Carolina Mid-Market Fast 40

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

North Carolina Economic Development Guide

The established source for of information for businesses considering expansion or relocation here. Includes economic data for each county, a conversation with Commerce Secretary Sharon Decker and case studies of businesses who have found success here.

Daily Digest

Family Dollar stores could be rebranded

(The Charlotte Observer)

Dollar Tree CEO Bob Sasser said he expects the discount-store chain will have to close no more than 300 stores in order to receive FTC approval of its acquisition Family Dollar Stores. He says many Family Dollar stores will be rebranded to Dollar Tree after the deal closes. Dollar Tree hasn't said how many jobs it will cut at Family Dollar's Matthews headquarters.

Tobacco companies settle federal Engle cases

(Winston-Salem Journal)

R.J. Reynolds Tobacco Co. and Philip Morris USA will each pay $42.5 million while Lorillard will pay $15 million to settle Engle progeny lawsuits that are either pending or that haven't yet gone to trial in Florida federal courts. The settlement affects more than 400 pending cases, but doesn't affect state cases, which represent most of the lawsuits against the tobacco companies.

FCC expected to hear Wilson's broadband case today

(WRAL TechWire)

The Federal Communications Commission may decide today on the City of Wilson's petition for the federal agency to override state laws that limit municipal broadband networks. Wilson built its own Greenlight fiber network in 2009 and wants to extend the network beyond the city limits and into neighboring counties.

Emeril Lagasse closing Charlotte restaurant

(The Charlotte Observer)

E2 Emeril's Eatery in downtown Charlotte will close April 26 due to slow business. "The restaurant was never able to achieve the volume projected when we came to Charlotte," E2 tweeted. Celebrity chef Emeril Lagasse opened the restaurant in 2012.

State Department of Revenue issues 43,000 incorrect forms

(The News & Observer, Raleigh)

About 3.7% of taxpayers received incorrect 1099-G forms from the N.C. Department of Revenue. The agency sent out 43,000 incorrect forms, which list state income tax refunds from the previous year. Officials say they will send out corrected forms in March.

Jobs bill would raise cap on incentive-grant program

(The News & Observer, Raleigh)

Republican leaders introduced a bill Tuesday that would double the cap on the state's Job Development Investment Grant program to $45 million. Gov. Pat McCrory has said the program is nearly out of money. "We're the only state in the Southeast that doesn't really have a (incentive) program right now," Commerce Secretary John Skvarla told senators.

U.S. Attorney Anne Tompkins stepping down

(The Charlotte Observer)

U.S. Attorney Anne Tompkins will leave office in two weeks. Tompkins, 52, has been the top federal prosecutor for the Western District of North Carolina since 2010 and directed the corruption investigation of former Charlotte Mayor Patrick Cannon. First Assistant U.S. Attorney Jill Rose will serve as acting attorney until a replacement is named.

Report: Infrastructure needs will outpace funding

(StarNews, Wilmington)

Transportation-advocacy group N.C. Go! estimates the state's transportation-funding shortfall could hit $60 billion by 2040, despite an Associated Press review that shows state highway spending grew by nearly 26% from 2008 to 2013.

View All Events>>

Events

CED 2015 Life Science Conference

When: March 3-4

Where: Raleigh Convention Center

BNC Pulse

Poll: Google Fiber Would or will you upgrade to Google Fiber if available in your town?  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.