State Auditor says N.C. DOT handled Charlotte toll-project effectively

The Interstate 77 toll-road project changed the course of state history, with anger among north Mecklenburg County residents contributing to Gov. Pat McCrory’s 10,000-vote loss to Roy Cooper in 2016. Cooper blamed the former Charlotte mayor for supporting the project, which would be costly and hurt businesses. The issue siphoned Charlotte-area votes away from McCrory, […]

Charlotte PE group Summit Park sells a business after 17 months in portfolio

Charlotte PE group Summit Park sold a portfolio holding, records management company Arkive, to Access CIG of Livermore, Calif. Atlanta-based Arkive “built significant value in 17 months” of ownership by the private equity company, according to Summit Park’s release. Further details weren’t disclosed. Veteran PE industry bankers Bob Calton and Jim Johnson founded Summit Park […]

Atrium steps up the pace

After months of skirmishes with doctors and politicians, Atrium Health is back on the offensive. The health care system, which is the Charlotte area’s biggest employer, unveiled the bare basics of a seven-year plan to spend $1 billion to improve and expand its hospitals in downtown Charlotte, Pineville and elsewhere. Introduced at the system’s quarterly […]

MOFU, mo food, mo fun

From starting their own food truck to starring on a national television show, MOFU Shoppe owners Sophia Woo and Sunny Lin have quite the origin story. The childhood friends opened Pho Nomenal Dumpling Truck in Raleigh in 2014. Within a year of kicking off the business, they were invited to compete on season 6 of […]

N.C. lawmakers favor living wage for state workers, but not private-sector staff

For years, the term “living wage” has been a hot-button topic pitting business interests against unions and labor organizers advocating for a higher minimum salary. This week, the Republican-led N.C. General Assembly concluded that a living wage is worthwhile for state employees. As part of the revised state budget, the lowest-paid government workers — about […]

Best Business Card Winner

The judging is over and the winner of the best business card contest has been named. Many thanks to our judges. Our first judge was Laurie Smithwick, a Grammy-nominated designer, the founder of LEAP Design, a partner in the Alt Summit design conference, and a TEDx speaker. Our other judge was Winn Maddrey, vice president […]

5 questions for Ed Stack

Stack is vice president of administration and development for Beaufort-based Jarrett Bay Boatworks. He joined the Jarrett Bay team in June of 2014 after 16 years at the N.C. State Wolfpack Club, where he was associate executive director responsible for the day-to-day operations of the athletic fundraising organization. At the Wolfpack Club, he was in […]

Mission’s sale to HCA deserves clear explanation, Tennessee hospital CEO says

Mission Health’s decision to sell to HCA Healthcare deserves close scrutiny by the public to insure significant benefits for western North Carolina that exceed the potential loss of huge future profits, says the CEO of a $2 billion health care system based in nearby Johnson City, Tenn. Asheville-based Mission isn’t releasing details publicly for at […]

North Carolina’s new miracle half-mile

A walk down Stonewall Street in downtown Charlotte made me realize how much I take for granted in terms of Charlotte’s rapid growth. Fact is, the seven-block stretch along Stonewall Street between Bank of America Stadium and a dowdy county office building near McDowell Street probably contains the greatest amount of money invested simultaneously in […]

You oughta know: Hope Williams

  For many years, experts have predicted the demise of many small private colleges, contending negative economic and demographic trends suggest a difficult future. It hasn’t happened in the 25 years that Hope Williams has led the N.C. Independent Colleges and Universities. The Raleigh-based group has 36 members, one fewer than when she became president […]

5 questions for Margaret Collins

Margaret Collins is the founding executive director of the Center for Creative Economy  based in Winston-Salem. The center serves as a hub providing programs and resources for creative entrepreneurs and business owners. CCE is the southeastern host for the national Creative Startups Accelerator. This eight-week program offers training in business skill development for creative entrepreneurs. […]

Bad-axe business

Axe-throwing is no longer a sport exclusive to summer Renaissance festivals, lumberjacks or high-caliber athletes. In fact, axe-throwing venues are now popping up all over the U.S.: The National Axe Throwing Federation, an organization specializing in regulating the industry, formed in 2016 and now has over 3,000 league members in more than 50 cities and […]

Atrium CEO advises staff to ignore “noise in the media”

Atrium CEO Gene Woods sent a memo to employees Thursday suggesting that the system’s recent decisions involving two doctors’ groups have been “publicly misrepresented.” North Carolina’s biggest health care system is facing off in court with the owners of Southeast Anesthesiology Consultants, a Charlotte group of physicians whose contract is being replaced by another group. […]

5 questions for Charlie Eadie

Charlie Eadie is vice president of business development for Claris Construction, a design-build general contractor in Charlotte. Charlie enlisted in the Army as a Combat Engineer and served in the 25th ID before gaining admission to the United States Military Academy at West Point. He won the Truman Scholarship and the Marshall Scholarship and completed […]

Bye-bye beer belly

Many of the 258 breweries that have started in North Carolina over the last decade (according to the North Carolina Craft Brewers Guild) have also become fitness hubs for folks wanting to burn off that beer gut. A website business started in Charlotte by Penn State grads Melanie Fox and Alicia Thomas in December 2016 […]

5 questions for Dr. Nady Hamid

Dr. Nady Hamid specializes in treating disorders of the shoulder and elbow. He completed his fellowship training in shoulder and elbow surgery at the esteemed Shoulder and Elbow Center at Washington University in St. Louis. Hamid traveled to Nice, France for further training in advanced arthroscopic shoulder surgery and complex shoulder reconstruction. He has published […]

Spellings sets new pacts with UNC chancellors

UNC System President Margaret Spellings is raising the bar for the state’s campus leaders. In a State of the University speech at UNC Charlotte attended by several lawmakers and members of the Board of Governors, Spellings said the 17 chancellors have signed “customized performance agreements … all of them embracing measurable outcomes as a route […]

5 questions for Evan Stone

You oughta know Evan Stone is vice president of economic development at the Cary Chamber of Commerce. Previously, he was a business recruitment manager with the Economic Development Partnership of North Carolina, where he led our state’s efforts in recruiting Triangle Tyre to Edgecombe County. Prior to his role at EDPNC, Evan specialized in recruiting […]

Camping in style

Camping doesn’t typically conjure up images of air conditioning, running water or electricity. But Joanna Cahill, 34, has managed to marry the ideas of luxury and the great outdoors with her business, Asheville Glamping. Cahill started the company in 2012 with a single yurt, which are tents built on collapsable frameworks. Now, she rents out […]

Duke Energy CEO Good gets paid

Lynn Good, who became CEO of Duke Energy in July 2013, has had a lucrative run. Over the last four years, Good’s compensation has totaled $54.3 million, including $21.4 million last year, according to a proxy released last week. The latest payout includes $7 million in stock that hinges on Duke earning a return on equity […]

Search firm returns fees collected in ECU chancellor’s hiring

An executive search firm paid to recruit East Carolina University Chancellor Cecil Staton in 2016 has returned its $110,000 fee after UNC System officials criticized the consultants’ work over disputed past salary data. System President Margaret Spellings notified the UNC Board of Governors of the transaction involving Oak Brook, Ill.-based Witt/Kieffer in a Feb. 28 […]

Carolina on my mind

For those who don’t yet know me, I’m Taylor Wanbaugh, the new assistant editor at Business North Carolina. Although I’m a newbie to the magazine, I’m certainly no rookie when it comes to North Carolina. Prior to moving to Charlotte last week, I worked at the National Society of Professional Engineers in Alexandria, Va. It […]

5 questions for Taylor Wanbaugh

You oughta know Taylor Wanbaugh is the new assistant editor of Business North Carolina. She previously worked as a staff writer at the National Society of Professional Engineers in Alexandria, Va. She has a bachelor’s degree in journalism from the University of Missouri. While in school, Wanbaugh interned at a variety of publications including Raleigh’s […]

5 questions for Thad Walton

You oughta know Thad Walton is senior vice president of commercial middle-market banking for Regions Bank in North Carolina. He joined Birmingham, Ala.-based Regions in 2011 and has worked in commercial banking for 14 years. A native of Rowan County, Thad attended UNC Chapel Hill, where he earned his undergraduate business degree and was on […]

5 questions for John Beatty

John Beatty joined Raleigh-based Summit Hospitality Group as general manager of The Dunhill Hotel in August 2013. John is responsible for providing strategic leadership while guiding a team of 80 as they provide legendary service for guests of 60-room historic Charlotte hotel and its restaurant, The Asbury. Under his leadership, The Dunhill was recognized as […]

A Capital idea with a Carolina twist

It wasn’t the greatest week to launch a new investment product given the stock market’s volatility, but Capital Investment Cos. persevered with its new Carolinas Leaders Index. It’s a unit-investment trust made up of 71 Carolinas-based companies, each equally weighted. That means Bank of America, with a market cap of $321 billion, makes up the […]

Best stock ideas for 2018 by six NC pros

Six veteran investment pros selected their three favorite North Carolina stocks, and one to avoid, for 2018 in our annual forecasting contest. The prices are as of Dec. 1, 2017, when the pros submitted their picks. Eligible stocks include companies based in the state or with large employment or investment here. Thank you to the […]

Five key things to know about directors and officers insurance – John Garver’s view

Directors and officers insurance coverage, which protects the insured from legal liability stemming from wrongful acts, is often treated as an “out of sight, out of mind” matter. But the existence of good D&O coverage can have direct financial implications for the leaders at businesses of all sizes. John Garver III, who has practiced law […]

LendingTree, Old Dominion shares gain more than 10% in a week

The stunning ascent of LendingTree continues as its quarterly earnings smashed expectations. Old Dominion Freight Line gained more than 10%. Tougher news came from Speedway Motorsports, which reported less profit and revenue than expected as demand for Nascar and other auto racing events remained sluggish. Here are the major movers in the Capital Investment Cos./Nottingham […]

5 questions for Jenni Harris

You oughta know Jenni Harris is the Southeastern regional industry manager for the Economic Development Partnership of North Carolina. She is a senior level strategist and policy adviser for business and community development. Her collaborative initiatives have resulted in sustainable partnerships that improve education, entrepreneurship and industry relations. Jenni received her bachelor’s in professional and […]

5 questions with Jacqueline Gaulin

Jacqueline Gaulin is the founder and CEO of Gastro Girl Inc., the creator of GI OnDemand, a virtual care and support platform for patients suffering with gastrointestinal health conditions such as irritable bowel syndrome and inflammatory bowel disease. Patients can access a network of digestive health experts including gastroenterologists, registered dietitians, psychologists and nurse health […]

5 Questions for Patrick Long

Patrick Long is a managing director at River Oak Risk LLC. He provides training to top-tier accountants, attorneys and wealth advisers on the proper formation of captive insurance. Patrick has presented to the North Carolina, South Carolina and Georgia bars, N.C. CPA Symposium, numerous CEO and CFO events, and to hundreds of firms in the […]

N.C. Mid-Market Fast 40 Winners Announced

Fast-growing middle-market companies make Top 40 list Forty North Carolina companies were honored on Monday, October 2, at Pinehurst Resort for being named to the 2017 N.C. Mid-Market Fast 40 list. Created by accounting firm Cherry Bekaert LLP and Business North Carolina magazine, the list ranks mid size companies based on revenue and employment growth. […]