March 2015

Hedging her bets

Treasurer Janet Cowell favors a bolder plan to ensure the state's pension stays among the nation's strongest.

Janet Cowell

Betting the farm on biotech

North Carolina companies use science to improve crops, livestock and other farm products.

Ag-biotech

Stepping on the gas

Ex-Halliburton exec uses energy expertise to influence the state's fracking debate.

Vik Rao

Trading spaces

Known for its big tenants, Research Triangle Park is welcoming smaller ones at a free meeting space.

The Frontier

Latest Blog Posts

N.C. tax receipts remain lower than 2007 levels

By David Mildenberg - Mar 27, 2015 - 10:00:00 am

Tax revenues collected by North Carolina are 9.5% lower than at their peak in late 2007, adjusted for inflation, according to The Pew Charitable Trusts. 

Charlotte PE firm adds $125 million fund

By David Mildenberg - Mar 26, 2015 - 10:00:00 am

Capitala Group, a Charlotte-based business-development company, said it raised $125 million, marking its fourth private-equity fund.

Special Reports and Publications

The Best of Health

Business North Carolina's annual ranking of the top Tar Heel hospitals, plus patient picks and other popular rankings.

2015 Best Employers in North Carolina

The state's best employers have many bright ideas to show they appreciate their workers.

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.

First in Flight

Business North Carolina's annual look at the state's growing aviation and aerospace industries.

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.

Daily Digest

Lincolnton textile plant to close after 60 years

(The Charlotte Observer)

Mohican Mills will close its plant in Lincolnton, about 20 miles northwest of Charlotte, idling 157 workers by June 8. A subsidiary of New York-based Fab Industries, the textile company has been operating for more than 60 years and is the city's biggest water customer. City Manager Jeff Emory said residents' water bills could go up 10 to 15% after the plant closes.

BofA shareholders won't get a vote on chairman decision

(The Charlotte Observer)

Despite pressure from several large investors, Bank of America will not let shareholders vote at its annual meeting on a bylaw change that will allow CEO Brian Moynihan to become chairman.
Related: Bank of America's CEO out-earned by lieutenant once again

Red Ventures closing Wilmington insurance brokerage

(Greater Wilmington Business Journal)

Red Ventures will close the Wilmington office of HomeInsurance.com by June 30, according to former employees. The company had more than 100 employees when Indian Land, S.C.-based Red Ventures acquired it in 2012. The Internet marketing firm announced last year it was adding 580 jobs at its Charlotte sales center.

Beer festival season kicks off Saturday at Sierra Nevada

(Asheville Citizen-Times)

In 1996, only 300 tickets were sold to Asheville's first Brewgrass festival, an annual event which now attracts 4,000 people. The state's burgeoning beer festival season unofficially begins Saturday, with Sierra Nevada's inaugural Burly Beers and Barleywines Festival in Mills River. April festivals are planned in Albemarle, Cary, Charlotte, Goldsboro and Raleigh.

Senators file bill to sell Dorothea Dix property to highest bidder

(The News & Observer, Raleigh)

Three Republican senators filed a bill Thursday that would put the 308-acre Dorothea Dix property in Raleigh up for sale. Bidding would start at $52 million – the same amount the city agreed to pay for the property. City leaders want to build a destination park similar to New York City's Central Park. "I just believe that the property is worth more than we're being offered," Sen. Tommy Tucker of Waxhaw said.

House committee rejects medical marijuana bill

(The Fayetteville Observer)

A House judiciary committee voted unanimously against a bill that would have legalized the use of marijuana for medicinal purposes.

House committee approves historic-preservation incentives

(The News & Observer, Raleigh)

The N.C. House Finance Committee approved plans for a scaled-back version of the historic-preservation tax credit, which expired Jan. 1. The bill now moves on to the full House.

Legislators reveal sales-tax plan to benefit rural counties

(The News & Observer, Raleigh)

State legislators proposed a plan that would redistribute sales tax collected on goods in North Carolina to counties based on population. The current model is weighted toward sending tax revenue back to counties where the sales are made. Under the new plan, Buncombe, Durham, Mecklenburg, Watauga and four coastal counties would see a reduction in sales-tax revenue.

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Events

AENC Technology 20.15 Conference

When: April 10, 8:00 a.m.-3:00 p.m.

Where: Hilton Durham

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.