February 2016

Electric avenue

Vehicle-charging stations remain scarce in North Carolina, but a surge may be nearing.

Electric cars

Picking stocks for 2016

Continuing a decades-old tradition, Business NC asked several investment pros to offer their three favorite stocks and one to avoid.

Hot stocks

$10,000 into $200 million

Self-reliance leads to $200 million payoff for the owners of Durham's Bronto Software.

NCTrend

Pets in residence

More colleges across North Carolina make space for Fluffy and Fido as a calming influence.

Pets on campus

Latest Blog Posts

CEO says Charlotte economic-development group shares Panthers' passion

Ronnie Bryant - Feb 08, 2016 - 1:00:00 pm

Ronnie BryantA cutoff in state funding hasn't dimmed the Charlotte Regional Partnership's effectiveness, CEO Ronnie Bryant says.

 

 

HanesBrands' dive an omen for Panthers' loss?

David Mildenberg - Feb 08, 2016 - 7:00:00 am

The Panthers weren't the only iconic Tar Heel company to have a bad weekend. HanesBrands shares declined 15% on Friday after the company's earnings and sales missed expectations. Executives blamed warm weather for stunting apparel sales.

Special Reports and Publications

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.

On the move

From economic development to workforce, N.C.'s transportation industry keeps the state's economy rolling. A panel of transportation insiders discuss what the industry needs to keep chugging along.

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.

North Carolina's Best Doctors

A list of the state's top-rated physicians in 31 specialties, selected by peers in an independent survey.

Meeting and Tourism Round Table

Meetings, conventions and tourism create jobs, tax revenue and economic-development opportunities in North Carolina.

Daily Digest

Aquesta preps to open first Wilmington branch

(The Charlotte Observer)

Cornelius-based Aquesta Bank received regulatory approval to open its first branch outside the Charlotte metro area. The new Wilmington branch will allow it to build on its presence there; Aquesta opened an insurance-services office there more than eight years ago. Aquesta has seven branches and had $293 million in assets at the end of 2015.

BioCryst shares slump after failed drug trial

(The News & Observer, Raleigh)

Shares fell 71% Monday after Durham drug developer BioCryst Pharmaceuticals reported that its experimental treatment for a rare genetic disorder failed to help patients in a clinical trial.

SC energy company says it can power western NC

(Asheville Citizen-Times)

Columbia Energy says it can provide Duke Energy Progress with 523 megawatts of power produced at its Gaston, S.C.-based plant, a deal the South Carolina company says would lead to cheaper power bills for western N.C. residents than Duke's proposed natural-gas plants in Asheville.

Truslow to become CFO of Charlotte's Park Sterling

(The Charlotte Observer)

Don Truslow, former chief risk officer at Wachovia until his retirement from the company in 2008, will become chief financial officer of Park Sterling Bank, replacing David Gaines, who is leaving at the end of March. Truslow most recently was a senior adviser at Deloitte & Touche.

State lawmakers could slash tuition at some UNC campuses

(The News & Observer, Raleigh)

A new proposal would reduce tuition at some UNC system campuses to $500 a year for in-state students and $2,500 a year for out-of-state students. Campuses being considered for the tuition break include Elizabeth City State, Fayetteville State, Winston-Salem State and UNC Pembroke. The plan would cost the state about $65 million a year, which could be recouped through higher out-of-state tuition at other system schools.

NC Commerce chief promotes crowdfunding, broadband access

(WRAL.com)

N.C. Commerce Secretary John Skvarla told legislators Thursday the state needs to legalize crowdfunding as a way for small businesses to grow. He also emphasized the importance of high-speed Internet access in rural counties.

Insurance commissioner warns of effects of ACA

(The News & Observer, Raleigh)

N.C. Insurance Commissioner Wayne Goodwin says the Affordable Care Act is driving up the cost of health insurance, and he is concerned that insurers will withdraw from the state, leaving residents with few options. Goodwin, a Democrat, supports expanding Medicaid and establishing a state insurance exchange.
Related: State workers' health insurance may be cut

Tax credit could save CSX millions

(The News & Observer, Raleigh)

If CSX follows through with plans to build at $272 million cargo hub in Johnston County, the company could benefit from a 50% state tax credit for railroads that spend at least $30 million on terminals. The N.C. Department of Transportation also is considering whether to provide $100 million to help pay for the terminal.

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Events

Emerging Issues Forum

31st Annual Emerging Issues Forum

February 8-9, 2016
Day 1:  Raleigh Convention Center
Day 2:  IEI Commons, Hunt Library, Centennial Campus, NC State

As technology and demography shift, how can North Carolina prepare today to create enough good jobs for tomorrow?

BNC Pulse

Connect NC Bond Act Will you vote in favor of a $2 billion bond package that will fund universities, community colleges and infrastructure projects?  Yes  No