UNC Chapel Hill's football coach makes 19 times the annual salary of the N.C. governor
Turning poultry litter into electricity boosts North Carolina's renewable-energy industry.
Raleigh-based Pendo raises $100 million and is now valued at more than $1 billion.
New Hanover and the county's Regional Medical Center formed a Partnership Advisory Group to explore potential opportunities for the future of the health care provider.
Brittany Brady is the president and CEO of the Henderson County Partnership for Economic Development and its sister organization, the Economic Investment Fund of Henderson County. Brittany will have been with the Partnership for nine years in November and has spent two years in her current position. As the professional economic development entity for the […]
A report published in The Athletic online sports news outlet found that years of concussion research conducted at UNC Chapel Hill may be unreliable because researchers failed to disclose using athletes with learning disabilities and attention deficit hyperactivity disorder (ADHD) as test subjects for concussion and traumatic brain injury (TBI) research. The research was led by […]
Veteran N.C. bankers Stave Jones and Scott Custer plot big growth for Dogwood State Bank.
The Blue Cross Blue Shield Board of Trustees sent a letter to N.C.DOI Commissioner Mike Causey detailing new transparency protocols
Raleigh's CAPTRUST acquires Boston Advisors' Private Advisory Group, adding 15 employees and $1.5 billion assets under management
N.C. AG Josh Stein and S.C. AG Alan Wilson discuss the benefits of hiring felons at the Goodwill Opportunity Center in Charlotte
Raleigh's Innovate Biopharmaceuticals announced plans to acquire Israel-based RDD Pharma Ltd. The combined company will be named 9 Meters Biopharma Inc.
CresCom Bank CEO David Morrow discusses the South Carolina bank's push into North Carolina
A leader of a trade group for N.C. businesses says giving Duke Energy Corp. more regulatory flexibility is a bad idea.
Steve Nelson, a Blue Cross Blue Shield Board of Trustees member of 17 years, resigned from his position last week after the resignation of former-CEO Patrick Conway.
The U.S. Small Business Administration has named Thomas Stith III, a Durham native and former Chief of Staff to Governor Pat McCrory, as the new North Carolina District Director.
North Carolina is smack dab in the middle of the ranks when it comes to energy efficiency, according to a new report from nonprofit American Council for an Energy-Efficient Economy. The 2019 State Energy Efficiency Scorecard ranks the Old North State No. 26, tying with Nevada and Texas. N.C. was also ranked 26th in 2018. […]
Atrium Health and Wake Forest Baptist Health are discussing a combination. A look at their financials.
Dr. Patrick Conway, who stepped down as Blue Cross Blue Shield's CEO last night, posted a statement regarding his resignation in a string of tweets on Twitter early this morning.
Blackhawk Hardware is a Charlotte institution, having operated at the Park Road Shopping Center since 1977. The Ace Hardware Corp. franchise is adding 12,000 square feet of sales space by March, a surprising move given retailing’s overall shrinkage. In addition to a new elevator, Blackhawk is adding a red spiral slide for customers of all […]
Patrick Conway, Blue Cross Blue Shield of North Carolina CEO, should resign, N.C. Insurance Commissioner Mike Causey said at a press conference in Gastonia Wednesday. He criticized the insurer’s board for failing to protect its policyholders and said that Conway had misled his own board. “I call on the board of directors to fulfill their […]
Greenville businessman Harry Smith is stepping down as chairman of the UNC System Board of Governors on Oct. 1.
The Charlotte Hornets and Charlotte Regional Business Alliance have partnered with the NBA and Jordan brand in an effort to bring more further direct investment to the area
Patrick Conway, head of North Carolina's biggest health insurer, took a 30-day leave following his June DWI arrest in Randolph County. The company didn't disclose the action.
Insurer Aetna says it didn't receive a fair shake when North Carolina picked five companies to manage $30 billion in Medicaid spending.
Amy is the marketing manager at Eagles Nest Outfitters in Asheville and spearheads their initiatives for giving back to the global community. For more than 20 years, Amy has dedicated her energy and skills to connecting others to the outdoors. From directing pioneering experiential education programs with youth across the Southeast to living on the […]
The CEO of North Carolina's biggest health insurer faces driving while impaired charges in a June incident.
Esports and competitive gaming have taken the world by storm. Gaming research firm Newzoo estimates the number of esports enthusiasts reached 165 million worldwide last year, raking in upwards of $900 million in revenue. Newzoo expects that audience to grow to 250 million by the end of 2021 and generate $1.65 billion in revenue. Professional […]
Charlotte-based Atrium Health said it had total enterprise net income of $764 million in the first half of 2019, citing investment gains. It had budgeted for $238 million.
The N.C.Chamber is holding a conference this week to help North Carolina improve its weak record for health care — 33rd for its mix of high costs and weak patient outcomes, according to a United Healthcare survey, chamber CEO Gary Salamido says.
New York-based Better.com plans to add 1,000 jobs in Charlotte over the next five years.
Charlotte-based Carolina Motor Club, the AAA group of the Carolinas, and Michigan’s The Auto Club Group, the second-largest AAA club in North America, have agreed to merge and combine operations. Subject to legal and regulator approval, the merged Auto Club Group will consist of 13 states, 9,600 employees and serve more than 12 million members. […]
Michigan-based Crypton Companies has acquired Cliffside's American-made fabric producer, Abercrombie Textiles
Charlotte Regional Business Alliance names its upcoming chairs.
Seven Gaston County physicians want to leave CaroMont Health and join a Charlotte-based physicians group.
The appeal of housing projects that limit their population to adults aged 55 and older is growing, particularly in attractive Sun Belt cities like Charlotte and Raleigh, where a lot of children of out-of-state senior citizens are landing jobs. That’s part of the reason that the Shea Family of Companies is enjoying success at its […]
One North Center, a $19 million apartment project slated for downtown Hickory, received city council approval this week.
Blair is a strategic marketer, leader, speaker and mentor. He is senior vice president of marketing and talent management for Charlotte-based OrthoCarolina as well as co-director of the OrthoCarolina Foundation and brand strategist for QCB Consulting. Blair serves on the boards of Isabella Santos Foundation, NoDa Brewing Co., Charlotte Cobras Football, SkillPop, and Queens University’s […]
After a national search to replace former president Lew Ebert, the NC Chamber last week chose the in-house candidate, Gary Salamido, to lead the Raleigh-based business advocacy group. He has worked for the chamber since 2011 after spending the previous 19 years at drug giant GlaxoSmithKline plc. Salamido has an unusual background for the leader […]
Highwoods Properties is paying an N.C.-record $436 million for a Charlotte office tower. Queen City real-estate expert Ryan Clutter analyzes the deal.
The NC Chamber, the state’s largest business advocacy organization, picked Gary Salamido as president and CEO, effective Friday. He became chief operating officer and acting president of in late 2018 after the resignation of Lew Ebert, who held the post for 12 years.
N.C. Farm Bureau President Larry Wooten, 67, is retiring in December. He leads the biggest N.C.-based insurance company and is a key lobbyist.
The largest N.C.-based entries on this year's Inc. 5000 list of fastest growing private companies.
Wilmington-based Shuckin' Shack Oyster Bar operates 15 restaurants with plans to nearly double in size over the next two years.
Preferred Office Properties plans 30-story tower in Raleigh. It already has trophy buildings there and Charlotte.
New Hanover Regional Medical Center is thriving. But its leadership thinks it may be time to sell.
(Construction started today on LendingTree's new headquarters in downtown Charlotte.
Panorama Holdings is developing a 14-story mixed-use tower in Ballantyne Village, which will be the tallest development outside Charlotte's downtown area. Amenities will include hotel and office space and a rooftop bar and restaurant.
AvidXchange, Charlotte's largest tech firm, announced a $41M investment to expand its corporate headquarters and a strategic partnership with SAP Concur.
This content is brought to you in partnership with the city of Greenville. Greenville, N.C., serves not only as an incubator for outside business, but also caters to nurturing its own homegrown ventures. Take Jessica Albea, for example. After growing up in the eastern North Carolina town, she discovered it was the perfect place for […]
Last week, Federal Reserve Chairman indicated the nation's central bank would cut interest rates despite the U.S. economy's strong growth. Assistant editor Harrison Miller offers his views and analysis on the precarious situation
Bank of America Stadium pens five year deal bringing the International Champions Cup to Charlotte, which previously generated a $20 million economic impact.
In a unanimous decision, the North Carolina Economic Development Association has named App. State's Dr. Patricia Mitchell to serve as president for the upcoming year. The NCEDA also elected a new vice president, secretary-treasurer and three directors for the board.
This content is brought to you in partnership with the city of Greenville. If Taylor Walden was chatting with someone who was considering starting a business in Greenville, N.C., she would “tell them to do it.” After all, it’s the birthplace of her custom boutique gift shop, Simple & Sentimental. Walden launched the business in […]
The Alliance of Area Business Publishers presented 116 Editorial Excellence awards to business publications on June 29. Business North Carolina faced some impressive and diverse competition, with 511 entries from 41 publications in the U.S., Canada and Australia. We are proud to say we scooped three awards this year. Senior Contributing Editor Ed Martin won […]
Vidant Health CEO Michael Waldrum in May alleged there was a plot to take over the Greenville hospital system. He previously had raised the idea of a statewide system.
Commercial mortgage executive Tom Dennard is leaving from BBT's Grandbridge Capital. He discusses his career.
Lowe's is investing $153 million to develop its new global technology center in Charlotte's South End. The project plans to create 1,600 tech jobs averaging $118,000 annually.
Devan Kline and his wife, Morgan, opened their first Burn Boot Camp in 2012 and started franchising in 2015. Cornelius-based Burn has more than 185 locations including 37 in North Carolina.
The BIG3 basketball league founded by entertainer and hip-hop legend Ice Cube is returning to Charlotte on Saturday.
This content is brought to you in partnership with the city of Greenville. Quality of life is one of the top factors on companies’ minds when it comes to opening new locations. That’s just one of the reasons why Piedmont Service Group, a Raleigh-based HVAC mechanical services company, chose to open an office in the […]
Charlotte-based private equity firm Falfurrias Capital Partners is acquiring The C.F. Sauer Co., the Richmond, Va.-based maker of the Duke’s Mayonnaise brand.
This content is brought to you in partnership with the city of Greenville. Greenville, N.C.’s city council honed in on economic development in its newly approved budget, which includes $300,000 dedicated to commercial and industrial site development, up to $200,000 in job-creation grants, and $500,000 for a sustained membership into the new Greenville ENC Alliance […]
Dr. Dale Owen serves as the leader and CEO of Tryon Medical Partners, the Charlotte region’s largest independent medical practice. It brings together 64 internal medicine physicians and 25 specialists covering six specialty areas, including cardiology, dermatology, endocrinology, gastroenterology, pulmonary and sleep medicine. Tryon Medical Partners began operations on September 5, 2018, with eight medical […]
This content is brought to you in partnership with the city of Greenville. Greenville, N.C., widely acknowledged as a educational, medical and cultural hub in the eastern part of the state, also boasts a booming business community. Greenville-based real estate investment firm Taft Family Ventures, which was founded in 1942 by E. Hoover Taft Jr., […]
Veteran Charlotte CPA Mike McGuire is stepping down on Aug. 1 as CEO of Chicago-based Grant Thornton LLP, the U.S. member firm of Grant Thornton International Ltd. He will become CEO emeritus and “serve as a “brand ambassador for the firm, focusing on business development and supporting key client relationships,” according to press release from […]
ECU Interim Chancellor Dan Gerlach urged Vidant Health to back down in the dispute with the UNC System.
Dentsply Sirona Inc. (NASDAQ: XRAY) is moving its global headquarters from Pennsylvania to Ballantyne Park, in Charlotte. The world’s largest professional dental products and technologies manufacturer is investing $3.3 million to establish its commercial sales hub, which will create 320 jobs in Mecklenburg over three years. The total estimated payroll will be $23 million, with […]
An N.C. Rural Center report in May offered some sobering data about the state's small business community.
Honeywell picked a new downtown Charlotte office building for its corporate relocation from New Jersey.
UNC Health Care responds to Vidant's concerns over hostile takeover
Vidant Health sent an email criticizing N.C. political leaders.
Wells Fargo Senior Economist Mark Vitner shows up a lot on CNBC, Bloomberg and other cable TV business news networks because of his insightful and often provocative commentary. Speaking today at a Charlotte real estate conference, the Queen City-based prognosticator didn’t disappoint, sharing a variety of remarks on various business issues. – Even the most […]
Tryon Medical Partners, the Charlotte area’s biggest independent physicians’ practice, says it signed a contract to join the North Carolina State Health Plan network. The move aligns the 90-physician group with State Treasurer Dale Folwell’s plan for a reimbursement schedule that the N.C. Healthcare Association has attacked with a multimillion dollar advertising campaign suggesting patient […]
Lee Isley took on an intriguing challenge when he became CEO of Nash UNC Health Care in Rocky Mount a year and a half ago. The hospital in the home county of Governor Roy Cooper hasn’t had an operating profit since 2012 and posted an operating loss of $25.6 million last year. (Investment gains cut […]
Flaviu Simihaian is the CEO and Co-founder of Troy Medicare, a health insurance startup for seniors that puts pharmacy at the center of health care. Flaviu was born in Romania and moved to Concord when he was 14 to play tennis, which he continued playing at Davidson College and professionally briefly. He then co-founded Amplicare, […]
This content is brought to you in partnership with the city of Greenville. A pair of startup businesses in Greenville, N.C.’s uptown district recently got a financial boost to help their efforts after winning the city of Greenville Office of Economic Development Small Business Plan Competition. MPourium, a craft beer and wine shop located on […]
North Carolina has many German-owned precision tool businesses and a star example is the Schunk family business, which opened its first U.S. location in Morrisville in 1992 and now employs about 150 people with plans to add 100 more over the next five years. Last week, Schunk celebrated the expansion of its Wake County site […]
This content is brought to you in partnership with the city of Greenville. Molding young minds is often called the key to developing the future workforce. The Greenville-Pitt County Chamber of Commerce launched their first annual Grow Local campaign to accomplish that purpose. The week-long initiative, which took place March 18-22 in conjunction with North […]
North Carolina’s hospitals remain strongly opposed to changes that would enable the State Health Plan to reduce the amount it pays for many hospital procedures for its 700,000 members. But hospital officials aren’t keen on discussing the matter in a public forum, preferring to see how state lawmakers act on a pending proposal that would […]
Gov. Roy Cooper appointed three new members to the N.C. Utilities Commission, which is responsible for overseeing the activities of the state’s dominant electric and gas utility, Duke Energy Corp., among other duties. The new appointees, effective July 1, are: Floyd McKissick, a state senator and attorney specializing in civil litigation Kimberly Duffley, a senior […]
Have 30 seconds? Check out the video below to see all that Greenville, N.C., has to offer. From family friendly activities to sporting events to East Carolina University’s lively college campus to both outdoor adventures and high-end retail offerings, Greenville, N.C., has a little bit of everything for everyone. For more information on where to […]
Online pet food retailer Chewy plans a 1,200-employee fulfillment center in Salisbury, marking the biggest jobs announcement in Rowan County history. Attracting the 700,000-square-foot, $55 million project is a big win for the county located halfway between Charlotte and the Triad. And it marks a victory for Rodney Crider, who joined the Rowan Economic Development […]
Dale Jenkins is among the most influential leaders in the state’s health care industry. The Shelby native is a director and former chairman of the UNC Health Care Board of Directors. His day job is as CEO of Medical Mutual Holdings of Raleigh, where he’s been CEO since 1995. About 13,000 physicians are owners of […]
East Carolina University said Dan Gerlach, president of the Golden LEAF Foundation, will be its interim chancellor starting May 6, according to a UNC System press release. Gerlach has led the Rocky Mount-based group since 2008. He is a former senior adviser in Gov. Mike Easley’s administration. ECU Chancellor Cecil Staton announced his resignation in […]
Josh Ward is a director of public affairs for the National Association of Manufacturers, a Washington, D.C.-based trade association that represents thousands of manufacturers across the country. Josh represents NAM in the Carolinas and Virginia and works with NAM membership in those states to advocate for solutions to federal public-policy issues important to the manufacturing […]
Charlottean Brent Torstrick is this year’s recipient of the William Thorp Pro Bono Service Award by the North Carolina Bar Association, the trade group for the state’s lawyers. It recognizes someone who has provided substantial legal services without charging a client who could otherwise not afford counsel. His recent work included helping the Council for […]
Atrium Health, North Carolina’s largest health care system, has signed an agreement to discuss combining with Winston-Salem-based Wake Forest Baptist Health, the companies said today. The plan is to start “exclusive negotiations with the goal of entering into a final agreement later this year,” according to a press release. Financial and operational details were not […]
Ernest “Fritz” Hollings, who served in the U.S. Senate for 38 years and just died at 97, was an incredible leader and politician. He represented the best of South Carolina, which would have been even more on the wrong side of history on racial issues without his efforts, as this excellent story notes. He was […]
The odds of completing a four-year degree is so daunting that an estimated 36 million Americans have attended but never received a diploma. It’s especially challenging for low-income students who may lack funding and other support. To spotlight the problem, California filmmakers Jaye and Adam Fenderson created a documentary, Unlikely, that had its North Carolina […]
It would be hard to find someone who has a more prestigious health care resume than Dr. Bill Roper, who is now interim president of the UNC System. He took the job after leading the UNC Health Care system since 2004. He’s lived in North Carolina for 22 years. Before that, Roper held key federal […]
Former Wells Fargo Securities foreign-exchange executive Nick Omirly recently opened a Charlotte office for Bannockburn Global Forex, LLC, a foreign exchange solution provider based in Cincinnati. He has more than 30 years experience in global currency markets, including stints at Bank of America and Barclays Bank. Bannockburn has partners in 10 U.S. offices across the […]
By Mike MacMillan About 250 private-equity professionals gathered last week for the 12th annual Alternative Investments Conference, hosted by the Institute for Private Capital at UNC Chapel Hill’s Kenan-Flagler Business School and the student-led private-equity club. This year’s theme: “Positioning portfolios for the late-stage cycle environment.” Among the topics discussed at the packed event were […]
P. Rodney Blevins is president and chief executive officer of the Southeast Energy Group. He oversees Dominion Energy’s regulated businesses serving nearly 1.7 million electric and gas utility accounts in North Carolina and South Carolina and approximately 400,000 competitive and regulated gas supply accounts primarily in Georgia. Blevins joined Dominion in June 1987 as an […]
East Carolina University is experiencing sharply declining cash flow as it seeks to hire a new chancellor, according to an internal report that is under discussion by officials of the campus and UNC System. The unaudited report shows that ECU is projected to report a $28 million decline in cash flow in the fiscal year […]