October 2015

Kicking off

Charlottean's goal of attracting Major League Soccer requires patience and a hefty investment.

NC Trend

Crisis assistance

With public schools struggling to improve, CEOs are convening to promote innovation.


Rejuvenating revenue

Spas and retreat centers profit from stressed-out professionals seeking wellness, relaxation.

Spas & Retreats

Miracle on the Haw

Controlled by the Jordan family since 1927, Saxapahaw shifts from a mill village to a mix of urban cool and small-town spirit.

Town Square

Latest Blog Posts

Wake Forest Medical Center seeking $350 million in capital drive

PRESS RELEASE - Oct 02, 2015 - 11:00:00 am

Wake Forest Baptist Medical Center, having quietly raised $212 million in a capital campaign, plans to raise another $138 million in a public phase. The purpose is to continue the center's growth in Winston-Salem. Former RJR Reynolds CEO Jim Johnston is leading the effort, which is part of an overall $1 billion campaign coordinated by Wake Forest University.

Facebook investing $200 million in Rutherford County site

PRESS RELEASE - Oct 01, 2015 - 3:30:00 pm

Facebook is adding a third data center in Forest City, about 70 miles west of Charlotte, entailing an investment of more than $200 million. The company started construction on its Rutherford County site in 2010.

Special Reports and Publications

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.

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.

Energy Round Table: Powering change

N.C. companies tackle energy-industry issues including developing storage, neutralizing waste and integrating renewables.

Top 75 Public Companies

Investors show an appetite for companies on our list of the Top 75 publicly traded based in North Carolina.

Business and Education Round Table

NC must invest in science and technology education to build a stronger, more capable workforce.

Daily Digest

Local officials, execs tout RTP modernization

(The News & Observer, Raleigh)

Research Triangle Park's ambitious redevelopment project is finally getting off the ground thanks to $50 million in financing, including $20 million from Durham County. Business leaders say it will be an economic engine for the area and provide the kind of work/live space attractive to tech companies and millennials.

Residents try to block Amazon Wind Farm

(The News & Observer, Raleigh)

A couple from Perquimans County, aided by the Civitas Institute, a conservative think tank, has filed a lawsuit against the N.C. Department of Environmental Quality in an attempt to block the Amazon Wind Farm. The couple says the project is subject to a new regulatory review, which could take more than a year. If the wind farm isn't operational by the end of 2016, a federal tax credit will expire, likely killing the project.

Charlotte's Park Sterling to acquire Virginia bank

(The Charlotte Observer)

The holding company for Park Sterling Bank is buying First Capital Bancorp in a deal valued at about $82.5 million. First Capital has eight branches in the Richmond, Va. area; Charlotte-based Park Sterling has 52 branches in the Carolinas, Georgia and Virginia. Park Sterling will have about $3.1 billion in assets when the deal closes.

BB&T acquires stake in global insurance broker

(Winston-Salem Journal)

A subsidiary of BB&T will partner with Willis Group Holdings, a Houston-based global risk advisor, and Miller Insurance Holdings, a wholesale insurance broker. Terms of the deal were not disclosed.

McCrory issues state of emergency as Joaquin approaches

Gov. Pat McCrory declared a state of emergency for all 100 counties as Hurricane Joaquin approaches. The heaviest rain is expected overnight Friday into Saturday morning and severe flooding is likely.

Legislators adjourn, advocacy groups call for McCrory vetoes

(The News & Observer, Raleigh)

Wednesday's adjournment of the state legislature has left more than 30 bills on Gov. Pat McCrory's desk. If he doesn't issue any vetoes, lawmakers won't return to the state capital until April 25.

Bill to restrict local government fails

(The News & Observer, Raleigh)

A late bill that would have banned local governments from regulating housing and rental practices and changing employment rules such as raising the minimum wage was kept off the House floor by the Rules Committee.

House votes to remove cap on light-rail spending

(The News & Observer, Raleigh)

The N.C. House voted 81-28 to remove a $500,000 cap on light-rail spending, a measure that would restore funding for a proposed Durham-Chapel Hill line. The 17-mile project was set to receive $138 million from the N.C. Department of Transportation before legislators added the cap to the state budget bill. The Senate could vote on the change Tuesday.

View All Events>>


Biomarine Business Convention

When: October 12-14

Where: Wilmington

BNC Pulse

Poll: Light rail Should the state help finance a light-rail line in Durham-Chapel Hill?  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.