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7 results for Business North Carolina Vol. 25 Issue 11, Nov 2005
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7446
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Scott Ray graduated from the University of North Carolina in 1990 with a degree in biomedical engineering. In 2002, Ray, along with his brother-in-law Ryan Dienst, started Charlotte-based Global Medical Imaging. The company began by selling reconditioned medical ultrasound machines to private practice doctors, clinics, and hospitals at 20 to 50 percent off the retail price. The company now has thirty employees and has recently signed a distribution contract with Toshiba. The company reported sales of $8 million in 2004.
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7444
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North Carolina has the fourth-largest number of military personnel in the country, but ranks twenty-third in securing Department of Defense contracts. Out of $230 billion spent on defense by the federal government, North Carolina received only $2.2 billion. Matchforce.org, based in Fayetteville, posts information about government contracts and seeks to match state businesses with items sought by the government. The state appropriated $1.8 million for the center in 2004, and Scott Dorney, a retired army lieutenant-colonel, heads it.
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7445
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After starting two successful companies, Brenda Simpson of Concord hit upon another idea in 2003. One of her companies, Making Connections, had peaked in 1999, with revenues around $3.5 million, but went out of business in 2004. Her new business centered around motorcycles. There are around 500 bike shows and rallies staged each year in the United States. Simpson staged one in Concord the past two years. The show has been named one of the country's best bike shows by the annual Biker's Atlas.
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Record #:
7441
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Increased overseas competition has contributed to the decline of North Carolina's textile industry during the last twenty years. A report from Anderson Bauman Tourtellot Vos & Co., a Greensboro-based turnaround company, stresses the need for the industry to change its business models. Two promising niches for the industry are nonwoven fabrics, which have an estimated yearly economic impact of $3 billion in the state, and nanotechnology, which is used in stain proof cloth.
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Record #:
7442
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North Carolina's banks and credit unions are ranked by their 2004 revenues. Bank of America, Wachovia, BB&T, and First Citizens BancShares hold the top four positions respectively. The highest ranking credit union was the State Employees Credit Union, which ranked fifth.
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7449
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In 2004, approximately 7,800 tobacco farmers raised $588 million of tobacco on 151,000 acres. Martin provides a season-by-season look at North Carolina's most labor-intensive crop.
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Record #:
7477
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In this excerpt from his book, Hatteras Blues: A Story from the Edge of America, Tom Carlson describes how Ernal Foster's ideas about blue-water sportfishing caught on and created an industry on the Outer Banks.
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