November 2014

Land's end

As the shoreline creeps closer, coastal leaders debate the need for bold action or quiet restraint.

Land's end

The new old thing

For many Tar Heel manufacturers, the future looks a lot like the past.

Raleigh Denim

Edifice rex

Education and medical projects dominate the inaugural Building North Carolina Awards.

Building NC

Lot full

A Charlotte startup thinks it's the future of parking. But it's struggling to find a space in its hometown.

Passport Parking

Latest Blog Posts

Zapata expansion to add 35 jobs

By Courtney Price - Nov 20, 2014 - 11:45:00 am

Charlotte-based Zapata Inc., an architecture, engineering and construction management firm, plans to create 35 jobs over two years.

Rockingham County draws $58 million in investments

By Courtney Price - Nov 19, 2014 - 10:40:00 am

Gildan Activewear and SGRTEX will invest more than $58 million and add 100 jobs over the next four years in Rockingham County. 

Special Reports and Publications

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.

Manufacturing Round Table

Textile and furniture mills turned poor Tar Heel tobacco laborers into middle-class earners. Now that many of those jobs have been shipped overseas, it's time to examine the future of the industry in NC.

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.

Focus on Guilford County

Companies can't help but notice the abundance of assets in Guilford County.

Top 75 Public Companies

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

Daily Digest

Duke -UNC football makes national debut

(The News & Observer, Raleigh)

For the first time, UNC Chapel Hill and Duke football teams will play each other in a prime time, nationally televised game on ESPN Thursday night. The Blue Devils must beat the Tar Heels and Wake Forest on Nov. 29 to secure the Coastal Division title, and UNC must beat either Duke or N.C. State in next week's matchup to become bowl eligible.

Family Dollar delays shareholder vote on Dollar Tree merger

(The Charlotte Observer)

Matthews-based Family Dollar Stores rescheduled a shareholder vote on its planned acquisition by Chesapeake, Va.-based Dollar Tree to allow the Federal Trade Commission more time to review the deal. The vote on the $8.5 billion deal is now scheduled for Dec. 23. Family Dollar's stock remained above $78 a share Wednesday, higher than Dollar Tree's offer price of $74.50 a share.

PRA raises $333M in initial public offering

(The News & Observer, Raleigh)

Raleigh-based PRA Health Sciences netted $333 million in its initial public offering. The contract-research organization sold 17 million shares at $18 each, below the $20 to $23 a share the company had projected, and its underwriters exercised an option to purchase an additional 2.5 million shares.

Moen expanding in New Bern

(Sun Journal, New Bern)

Moen will build a 200,000-square-foot component warehouse in Craven County to support its local faucet-assembly plant, where it employs 700 workers. The new warehouse will replace a current one in Kinston, which is managed by a third-party operator. The North Olmsted, Ohio-based company will add at least 75 jobs in New Bern within a year. Some of the jobs will go to employees from the Kinston warehouse that is closing.

UNC Chapel Hill silent about accreditation status

(WRAL.com)

UNC Chapel Hill officials haven't said whether a letter sent to the university from a regional accrediting organization outlines any areas of non-compliance with accrediting standards. The university has until early January to respond to the Southern Association of Colleges and Schools.

NC seniors hit hard by dropped Medicare plans

(The Charlotte Observer) 

More than 57,000 senior citizens in North Carolina have been notified their private Medicare plans will be discontinued in 2015, the most of any state according to nonprofit group Kaiser Family Foundation. Blue Cross and Blue Shield of North Carolina, one of the state's biggest providers of the Medicare Advantage programs, is ending two of its HMO plans in 11 counties, though affected residents will be offered different plans with higher premiums and copays.

PR expenses exceed $2M for UNC Chapel Hill

(The News & Observer, Raleigh)

UNC Chapel Hill will pay public-relations firm Edelman more than $1.65 million for its services following the academic and athletic fraud scandal that involved at least 3,100 students. The university had previously spent about $500,000 on public-relations services related to the scandal. UNC officials say state money and tuition dollars will not be used to pay for the PR expenses.

Cannon reports to federal prison Tuesday

(The Charlotte Observer)

Patrick Cannon will begin serving a 44-month sentence in a West Virginia federal prison on Tuesday. The former Charlotte mayor pleaded guilty to accepting more than $50,000 in bribes from a local businessman and undercover FBI agents. Cannon could return home or to a Charlotte halfway house in fewer than two years if he participates in a nine-month drug-abuse treatment program and is awarded good-behavior incentives available to federal inmates.

View All Events>>

Events

Outlook for IT

North Carolina Technology Association annual event will feature a tech expo.

When: January 30, 2015

Where: Hilton Charlotte Center City

BNC Pulse

Poll: Medicaid expansion Gov. Pat McCrory said he is considering expanding Medicaid, the health-insurance plan for the poor and disabled. Should North Carolina expand Medicaid?  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.