March 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

The best of health

Business North Carolina's annual ranking of the best Tar Heel hospitals.

Top Hospitals

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

Economic Forecast Round Table

North Carolina's diversified economy is picking up steam, though a panel of state leaders finds the divide between urban and rural fortunes perplexing.

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

Negotiations fail between Carolinas HealthCare System and insurer

(The Charlotte Observer)

A contract between Carolinas HealthCare System and UnitedHealthcare expired Saturday, which means tens of thousands of United customers are now considered out-of-network for CHS providers. The change affects one of Charlotte's largest employers –Duke Energy uses UnitedHealthcare. Charlotte-based CHS said it will extend temporary in-network pricing to some United customers.

Rural-urban divide will shape debate over incentives bill

(News & Record, Greensboro)

An influx of Rebublican legislators from rural counties are taking a closer look at the state's rural-urban divide when it comes to economic incentives. "There's not a rural-urban split. There's a Raleigh-Charlotte versus anybody else split," Sen. Andy Wells (R-Catawba) said, referring to employment-growth trends in the state. 

Development ramping up along I-77 south of Charlotte

(The Charlotte Observer)

Through large business-incentive packages, the Palmetto State is luring companies to the Fort Mill and Rock Hill areas, just south of Charlotte along I-77. LPL Financial broke ground Thursday on its new Fort Mill, S.C., headquarters, where it will eventually employ up to 3,000 workers. LPL plans to move about 1,000 workers from Charlotte to the new 450,000-square-foot campus. 

Investigations costly for Herbalife

(Winston-Salem Journal)

Nutritional-products manufacturer Herbalife spent $9.4 million in fiscal 2014 to comply with an FTC investigation and $16.6 million "responding to attacks on the company's business model" by hedge-fund manager Bill Ackman, who has accused the company of operating a pyramid scheme. Herbalife opened a $130 million plant in Winston-Salem in late 2014, where it expects to employ 500 by year-end. 

UNC governors vote to increase tuition, close academic centers

(The News & Observer, Raleigh)

The UNC Board of Governors approved systemwide tuition increases for in-state undergraduate students. Tuition and fees will increase an average of 4.3% next year, bring the average cost to $6,448.88 per year. 
Also: UNC Board of Governors votes to close 3 university-based centers

 

UNC Board of Governors to vote Friday on closing centers, raising tuition

(The News & Observer, Raleigh)

In committee meetings in Charlotte this week, members of the UNC Board of Governors supported closing three academic centers – including the Center for Poverty, Work and Opportunity at UNC Chapel Hill – and raising tuition and fees by an average of 4.3% for in-state students next year. The full board is expected to vote Friday on the proposals.

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.

View All Events>>

Events

Government Affairs Conference

Presented by the North Carolina Chamber.

Where: NC History Museum, Raleigh

When: May 12

 

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.