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2021 results for "Business North Carolina"
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Record #:
7314
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The view of an attractive skyline, easy access to sports arenas and the arts, and the convenience and cachet of urban living make downtown Charlotte an attractive place to live. The city is awash in plans for residential high-rises. Between April 2004 and April 2005, seven high-rises were announced, ranging from 13 to 53 stories and totaling over 1,700 residential units. Many of the units were sold even before construction began.
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7338
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A paper mill built on the Pigeon River in 1905 brought prosperity to the town of Canton for nearly a century, though the plant pumped pollutants into the river for years. Threats of lawsuits by two states and the federal government forced the company into fifteen years of pollution remediation. This, coupled with depressed paper prices and increasing competition, brought the mill to the verge of a shutdown in 1997when the mill was put up for sale. In 1999, the employees and their union bought it.
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7401
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Hope Holding Connell, a member of one of North Carolina's most prominent banking families, is the first woman to chair the North Carolina Bankers Association. She represents the third-generation of the Holding family to lead the association, following her grandfather and uncle. Connell is a graduate of the University of North Carolina at Chapel Hill and has been First Citizens Bank's executive vice president, supervising business banking, since 2000. First Citizens is publicly traded but controlled by the Holding family.
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7402
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Leary Davis, who received his law degree from Wake Forest University in 1967, started the law school at Campbell University in 1976. He designed a curriculum that focused not only on the law but how to practice it. The trial-advocacy program was one of the first of its kind and won an award from the American College of Trial Lawyers. Now Davis is leaving Campbell for Elon University near Greensboro, where he will be starting a law school which will open in 2006. There are only five law schools in the state, and when Elon opens, Davis will have started two of them.
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Record #:
7403
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Lisa Renstrom came to Charlotte twelve years ago. She was executive director of the now-inactive Voices & Choices of the Central Carolinas. The organization sought to foster environmentally friendly development and preservation of open spaces. In 2001, Renstrom was elected to the Sierra Club board of directors. She was re-elected to the position in 2004, and in May 2005, she was chosen the club's fifty-first president.
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Record #:
7404
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A Navy plan to build a practice landing field in Washington and Beaufort Counties has county residents up in arms. The proposed landing field is on 30,000 acres next to the Pocosin Lakes National Wildlife Refuge where thousands of migrating birds spend the winter.
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Record #:
7405
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In 2004, Robert Crabb, Jr., and a group of investors purchased the Carolina Stockyards from Howard and Harry Horney, who had owned it since 1950. Located in Siler City, the stockyard sold about $40 million in livestock in 2004, which included 86, 673 head of cattle, 4,700 goats, a few horses, and one llama. Commissions on sales averaged about 2.7 percent.
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Record #:
7424
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Using 2004 revenues, the Grant Thornton Accounting Firm ranked the state's top 100 private companies for BUSINESS NORTH CAROLINA. Participation by companies is voluntary. Distribution and manufacturing companies continue to dominate the list. Five of the top ten companies that grossed in excess of $500 million were manufacturers. Two of the top ten were distributors. General Parts, Inc., of Raleigh, a distributor of replacement parts for vehicles, retained its No. 1 ranking from 2004.
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Record #:
7425
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Bob Jackson of Cary is senior vice president and general manager of McDonald Corporation's Raleigh Region. He oversees 665 restaurants and 32,000 employees in a region that stretches from Kentucky to Georgia and from Tennessee east to the Atlantic Ocean. McDonald's Corporation is divided into eight regions nationwide. Since 2003, the Raleigh Region has ranked in the top three in sales and customers. Sales for 2004 were over $1 billion, and each restaurant in the region served over 500,000 customers.
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7426
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Eastern North Carolina is an area of contrasts. The coastline draws tourists' dollars and million-dollar homes dot the beaches, while large sections of the interior are mired in poverty. Twelve of the region's forty-one counties lost population between 2000 and 2004. Charles Broadwell, publisher of the FAYETTEVILLE OBSERVER; Jim Chestnutt, CEO of Washington-based National Spinning Co.; Tom Eagar, Wilmington-based CEO of the N.C. Ports Authority; Phillip Horne, president of Greenville-based Foundation of Renewal for Eastern North Carolina; and Darlene Waddell, executive director of the N.C. Global TransPark Authority in Kinston discuss with BUSINESS NORTH CAROLINA senior editor Edward Martin the region's strengths and weaknesses and how to orient the region's assets to promote growth.
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Business North Carolina (NoCar HF 5001 B8x), Vol. 25 Issue 10, Oct 2005, p66-69, 71, 73-79, por Periodical Website
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Record #:
7427
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NASCAR racing is big business. Racing teams require over $15 million a year to keep their cars in competition. Primary sponsors of teams, like Mooresville-based Lowe's, pay up to $10 million a season, and secondary sponsors pay up to $1 million. In return, the sponsors get their logos displayed on the racing cars and the drivers' outfits. Sponsors believe the money is a good advertising investment since the thirty-six NASCAR Nextel Cup races attract over thirteen million fans, besides the 200 million who view the four-hour races on television.
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7428
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A strike canceled the hockey season for 2004-2005, and a settlement was finally reached in July 2005. When professional sports teams go on strike, a drop in fan attendance is typical for the following season. Raleigh's National Hockey League team, the Carolina Hurricanes, hope the fans haven't forgotten them. Roush discusses some things owners are planning to attract fans. Hockey fans say putting a competitive Hurricane team on the ice will bring them back.
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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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Record #:
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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