Because of the large expenses of traditional pension plans, many of the state's small and mid-sized companies are using 401(k)s to help employees in retirement planning.
Winston-Salem produced an attractive incentive package to convince Glenn Orr, CEO of Southern National Bank, to move his company's headquarters back to town.
Alex Bernhardt, president of Bernhardt Furniture headquartered in Lenoir, is guiding his family's 106 year-old furniture company into the mostly untapped but fertile international marketplace.
With 253 auto parts manufacturers in the state, the industry is a growing part of the Tar Heel economy. New plants include ASMO Co. LTD. in Pitt County and Asheboro's Timkin Company.
A $10 million campus-wide campaign to aid the libraries at the University of North Carolina at Chapel Hill is underway. Also, the General Assembly has given additional revenues to the UNC system for faculty salaries and capital improvements.
Foreign investments in state businesses exceeded $500 million in 1995 and included outright purchases and facilities expansions. A list of the largest foreign-owned employers is included.
Workers' compensation is a major issue for employee and employer alike. Many business owners claim that wholesale reform is needed to correct a workers' compensation system that is out of control.
Profile of Jerry Richardson, chairman and CEO of Flagstar Companies, Inc. and managing partner of Richardson Sports, who is responsible for bringing the Carolina Panthers NFL franchise to Charlotte.
Exports from then state, including pulp and paper, chemicals, and electronics, increased twenty-two percent in 1995, compared to a twenty percent gain for the Southeast. The state ranks tenth in the nation in value of exports.
To raise money, private companies sometimes go public by making initial public offerings (IPOs) of their stock. The state's largest one hundred public companies are profiled.
For individuals able to raise $5 million, handle reams of paperwork, deal with investors, and meet with state and federal regulators, just to name a few of the requirements, it might be possible to start up a bank.