Articles in regional publications that pertain to a wide range of North Carolina-related topics.
for Business North Carolina Vol. 24 Issue 10, Oct 2004
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Charlotte lost its professional basketball team in 2002. The next year, Robert L. Johnson, founder and CEO of the Black Entertainment Network (BET), purchased a franchise for a new team for $300 million. He named Ed Tapscott to be president of Bobcat Basketball Holdings, which includes the new Charlotte Bobcats team, the Charlotte Sting of the Women's National Basketball Association, operation of the new arena, and the new Carolinas Sports Entertainment Television. Tapscott is profiled in this article.
Using 2003 revenues, the Grant Thornton Accounting Firm ranked the state's 100 private companies for BUSINESS NORTH CAROLINA. General Parts, Inc., of Raleigh, a distributor of replacement parts for vehicles, retained its No. 1 ranking from 2003. Manufacturers hold twenty-seven positions on the 2004 list, and these companies contribute 31 percent of the revenue. Two textile companies and a furniture manufacturer hold three of the list's top seven positions.
The North Carolina Department of Prisons inherited the making of license plates from the highway department in 1929. Plates were made at Central Prison in Raleigh until 2001 when the operation outgrew the facility. A new plant was built in 2001 at the Correctional Institution for Women in southeast Raleigh where plates are now made. It costs $1.51 to make a plate that sells for $20 a car and $30 if personalized. Last year the tag plant generated $4.1 million of revenue for the state.
Seeking to diversify his livestock business, which produces 110,000 hogs a year in Bailey, R. C. Hunt chose aquaculture. Seven years ago he opened Southern Farms Tilapia, which at the time was the state's first tilapia hatchery. The farm is now among the country's top five in tilapia production and will produce two million pounds in 2004.