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2021 results for "Business North Carolina"
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Record #:
7023
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The February issue of BUSINESS NORTH CAROLINA discusses the status of the state's economic sectors, including agriculture, banking, construction, electronics, health care, insurance, life sciences, manufacturing, retail, transportation, travel/tourism, and utilities.
Record #:
7024
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The state's one hundred counties are divided into seven economic regions for the purpose of promoting each region to attract prospective employers. Comparative data for each region includes population, per capita income, employment, and retail sales.
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Record #:
7025
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The state's one hundred counties are profiled using economic indicators, including population, civilian labor force, per-capita income, farm earnings, and retail sales.
Record #:
7026
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The state's one hundred largest employers for 2004 range from Wal-Mart Stores, Inc., ranked first, with over 45,555 workers, to House of Raeford Farms, Inc., which, with 1,700 employees, was ranked at one hundred. The companies are either privately, publicly, or foreign owned. They offer such products and services as textiles, wood products, meat processing, and telecommunications. As manufacturing continues to wane in North Carolina, more service sector employers were added to the list.
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Record #:
7093
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Bob Orr grew up in Hendersonville and has been executive director of the Raleigh-based North Carolina Institute for Constitutional Law since 2003. Before assuming this position, he graduated from UNC Law School, served eight years on the North Carolina Court of Appeals, and was in his second term on the North Carolina Supreme Court when he retired in 2003. Orr has strong feelings against economic incentives, an approach used by states and localities to attract businesses to their areas through tax breaks, money, and other inducements. Incentives allow corporations to play states against each other to receive extraordinary benefits. He hopes his institute will develop alternatives to this approach.
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Record #:
7094
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John and Cynthia Ham were expecting their first child in 1997. Being unable to find black-themed images to decorate the nursery, the Hams had an artist paint a mural featuring African images and black angels. Reaction to the decorations led the Hams to believe they had a marketable idea. After advertising their product, ethnic-themed wallpaper borders, on the Internet and at trade shows, their Huntersville-based company, Cultural Hangups, Inc., signed a contract with Lowe's in 2004, to carry two of their ethnic-themed wallpaper borders. Ham says the contract will be worth between $3 million to $5 million over the next two years.
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Record #:
7095
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In 1976, Grant Dial, a Maxton native and Lumbee Indian, quit college with one semester remaining to begin making and selling jewelry. He opened his business, Grant Dial Silversmith, in Red Springs. His work is an adaptation of Navajo-style pieces that use turquoise, onyx, and coral. Prices for his jewelry range from $50 to $10,000.
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Record #:
7096
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In the Atlantic Coast Conference, intercollegiate sports teams bring nationwide attention to the member universities and revenues to fund programs. Roush discusses a secondary source of revenues from sports-–royalties from items sold with college logos. Revenues from this source vary from year to year, fluctuating with the successes or failures of the conference teams.
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Record #:
7097
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Tim Donley, a mechanical engineer by training and an accomplished player of old mountain tunes, makes and repairs violins. He opened his shop in Charlotte in 2000 and by 2002, had run out of space. Now settled in Charlotte's 1890s Elizabeth neighborhood, Donley discusses his work and creations.
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Record #:
7162
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Les Merritt, auditor for the state of North Carolina, seems to have the right background for the position. He is the first certified public accountant to be elected to the post. Serving as a Wake County commissions gave him grassroots political experience, and he has performed public audits as a partner in an accounting firm. Merritt was defeated in the 2000 election but came back to win in 2004.
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Record #:
7172
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Born outside the door of a drugstore in Boone, Joe Miller grew up to earn a degree in pharmacy and later owned the drugstore. In 1984, he began selling surplus art supplies in the drugstore. This line grew to such an extent that he had to choose between art supplies and pharmacy. He chose art. Cheap Joe's Art Stuff has grown into a 70-employee business that occupies a 50,000-square-foot building. Cheap Joe's sends an art supply catalog to 250,000 artists worldwide every year. In 2004, the business grossed around $20 million.
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Record #:
7179
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In the business community most of the CEO positions are filled by men. Of the fourteen Fortune 500 companies in North Carolina, only one has a woman CEO. Only three of the top seventy companies based in the state have female CEOs, and the state's top one hundred private companies list but two. Martin discusses reasons for this and lists women in the state who have the potential to make the top rung on the ladder.
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Record #:
7186
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In 1959, foul weather thwarted a fishing trip to Cape Hatteras by Willis Slane, a High Point hosiery-mill owner. That, plus a Florida ride on a fiberglass boat and a dare, led to the founding of New Bern-based Hatteras Yachts. Forty-six years later the company employs around 1,000 people, builds between sixty and seventy yachts a year in the $1 to $8 million range, and does not disclose annual sales, except to say that they exceed $100 million.
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Record #:
7206
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At colleges and universities, only football and men's basketball are considered revenue-producing sports. Nonrevenue sports, such as baseball, softball, track and field, soccer, lacrosse, and wrestling, usually generate very little money for athletic department coffers. Roush discusses approaches schools in North Carolina and elsewhere are taking to increase revenues from these sports.
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Record #:
7278
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In August 2004, Tom Eager was appointed CEO of the N.C. State Ports Authority. Having begun as a delivery truck driver, he brings three decades of shipping experience to the job. North Carolina's ports employ about 4,000 at Morehead City and Wilmington. Channel-deepening has increased tonnage in Wilmington by 25%, and Eager plans to expand the port by adding three container-shipping lines over the next three years.
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