July 2015

Staying on track

Scion of a North Carolina family with a century of real-estate history, Clay Grubb positions his company to profit from the young and restless.

Clay Grubb

Breaking up is hard to do

As they vie for an earth-shattering development, Triad leaders wonder if the benefits of regionalism have been oversold.

Triad

Animal magnetism

The North Carolina Zoo's beautiful beasts need constant care and, maybe, bond money.

NC Zoo

Heady ambition

Stitch Golf's leather head covers are scoring with U.S. and international golfers.

Stitch Golf

Latest Blog Posts

Coke Consolidated refreshes investors

By David Mildenberg - Jul 16, 2015 - 8:00:00 am

Charlotte-based Coca-Cola Bottling Co. Consolidated, though publicly held and the nation's largest independent bottler of Coca-Cola, has long operated under the radar. Now its growth prospects are raising attention among investors, and its stock has soared over the last year after years of flat performance.

McColl's PE firm buys Morrisville company

By David Mildenberg - Jul 07, 2015 - 12:30:00 pm

Falfurrias Capital Partners, a Charlotte-based private equity firm started by Hugh McColl Jr. and Marc Oken, said it bought a controlling interest in RegEd, a provider of compliance software for the financial-services industry that is based in Morrisville.

Special Reports and Publications

Business and Education Round Table

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

2015 Financial 100

NC banks and credit unions report big profit gains after working through most recession-era troubled loans.

Cash crop

From biotechnology to education, NC's agricultural leaders seek ways to keep the industry strong.

NC's Best Golf Courses

For the eighth consecutive year, the North Carolina Golf Panel is proud to partner with Business North Carolina in publishing rankings of the best golf courses in what we believe is the best state for golf.

Biotechnology Round Table

North Carolina's biotechnology leaders look for ways to expand into the national biodefense sector.

Daily Digest

Triangle ranked No. 2 real-estate market for life-sciences industry

(The News & Observer, Raleigh)

The Triangle ranked second only to Boston as a top U.S. real-estate market for life-sciences companies, according to a report from real-estate services firm JLL. The report was based on factors including concentration of life-sciences workers, venture-capital funding and government funding.The region ranked fourth last year.

$4M returned to NC film incentive program

(StarNews, Wilmington)

The N.C. Film Grant program has $4 million available for qualifying film projects and will accept applications through Aug. 7.  A planned remake of the 1987 film Dirty Dancing has been delayed, prompting producers to release the funds. State legislators have not determined whether additional funds will be restored to the film incentive program for 2015-16.

BofA joins major US companies in $140B environmental initiative

(The Charlotte Observer)

Charlotte-based Bank of America joined 12 other major U.S. corporations in committing to decrease their carbon footprints. Apple, Coca-Cola, Goldman Sachs Group and Wal-Mart Stores also pledged to reduce emissions, reduce water consumption and increase production of renewable energy.

Durham startup raises $13M

(The News & Observer, Raleigh)

Durham-based startup Baebies completed a $13 million financing that included Rex Health Ventures and Duke Angel Network. The company is developing technology to expand newborn health screenings. Baebies employs 40 people; co-founder Richard West expects that number to grow now that the financing round is complete.

State presents witnesses in elections law case

(The News & Observer, Raleigh)

Lawyers representing the state of North Carolina have begun presenting their case in a federal voting rights trial in Winston-Salem. State legislators claim 2013 changes to the elections law do not discriminate against minorities and younger voters. The case is expected to wrap up later this week.

Tension builds between McCrory and fellow Republicans

(Asheville Citizen-Times)

Gov. Pat McCrory's opposition to a Senate proposal that would shift sales tax revenue from urban counties to rural ones highlights the growing divide between the former Charlotte mayor and Senate Republicans, specifically those from less populous counties, including Sens. Tom Apodaca (R-Henderson County) and Harry Brown (R-Onslow).
Related: Fellow Republicans test Gov. Pat McCrory

NC Supreme Court rules in favor of school vouchers

(The News & Observer, Raleigh)

By a 4-3 vote that was split along party lines, the North Carolina Supreme Court ruled Thursday to uphold a school voucher program that provides low-income families up to $4,200 a year to send their children to private schools.

NC legislators attend California conference

(WRAL.com)

Nine Republican members of the N.C. House of Representatives, including Speaker Tim Moore, are in San Diego this week attending an annual conference of the American Legislative Exchange Council (ALEC), a conservative nonprofit organization.

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BNC Pulse

Poll: Sales tax schism Do you support a Senate budget proposal that would give sales tax revenue to counties based on population, rather than where goods and services are purchased?  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.