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2021 results for "Business North Carolina"
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Record #:
15521
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BUSINESS NORTH CAROLINA magazine ranks the top 100 private-sector employers in the state for 2011. Belk, Inc. retained its 2010 ranking, with General Parts International Inc., a Raleigh distributor of automotive replacement parts, and SAS Institute, Inc., a Cart software developer, taking second and third place.
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15522
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The USS North Carolina was one of the most famous fighting ships of World War II. Now it is moored in Wilmington as a memorial to those who served during the war. Corrosion on the hull has been discovered, and Taylor Brothers Marine Construction Inc. of Beaufort has been hired to remove it. The first phase will cost $2.1 million with another $15 million to follow.
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15554
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On October 15, 2011, Wachovia Bank & Trust Company, one of North Carolina's most famous names fades away, to be replaced with Wells Fargo & Company signs. Wells Fargo purchased the bank in 2008. John Grimes Medlin, Jr., who joined Wachovia in 1959 and who was CEO of the bank for sixteen years, recalls his days with the bank and what made Wachovia an outstanding bank.
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15566
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A third movie studio will soon join the ones in Wilmington and Shelby. The $750,000 Carolina Atlantic Production Co. is under construction in High Point, with completion scheduled for March 1987. The first movie will be shot there in the spring. Titled MOONSHINE, it is about the life of North Carolina revenue agent Garland Bunting.
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15567
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Since 1922, inventors have been coming to the Charlotte law firm of Bell, Seltzer, Park & Gibson to secure patents and patent protection. Patent law makes up about 60 percent of the firm's business, and the firm is also active in trademark and copyright law. For lawyers who practice patent law, a background in science or engineering has become a prerequisite.
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Record #:
15568
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The Cherokees who live on the Qualia Boundary Reservation in western North Carolina depend on tourism and bingo as their main sources of income. While successful in comparison with other tribes, 30 percent of the workforce is unemployed, 40 percent have incomes below the poverty level, and almost half receive federal aid. To improve this, the tribe is engaging in their first venture outside the reservation, purchasing Carolina Mirror of North Wilkesboro for $28.8 million. The company is the largest mirror manufacturer in the nation.
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Record #:
15569
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Polson discusses what effect the growing film-making industry is having on Wilmington and the surrounding counties. By one estimate studio expenditures of $24 million accounted for 6.4 percent of all economic activity in the four-county area surrounding Wilmington in 1986.
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Record #:
15570
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Krispy Kreme Doughnuts moved to Winston-Salem in 1937 because the founders, who arrived in town with a combined $25 in their pockets, felt their fledging business should be in a town with a nationally advertised product. From this humble beginning the popular doughnuts, once the state's best kept secret, have expanded across the Southeast and beyond. The company employs around 2,000, including 200 at the Winston-Salem home base. The company is celebrating its fiftieth anniversary in 1987.
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Record #:
15571
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Four-year-old Biltmore, Campbell, Smith Restorations of Asheville has built a nationwide and international reputation for restoration and preservation of artwork. When the firm was established in 1982, it was jointly owned by Biltmore Co. and Campbell, Smith of London. Biltmore Co. recently bought out the London side to become sole owner. While the company has taken on restorations as small as $250, it has also taken on some of the nation's largest restoration jobs. For example, the company spent two and a half years on the $2.3 million restoration of the Pennsylvania State Capitol rotunda in Harrisburg, as well as state capitol projects in Texas, New Jersey, Alabama, and Tennessee.
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15572
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Jim Christopher, president and CEO of Concord Farms, Inc., is on a mission to convince Americans to eat more duck. In 1987, the farm plans to process eight million ducks, a doubling of the number processed in 1985. The company can process up to 24,000 a day. The finished product is then sold in all fifty states and abroad. Duck feathers sold for jackets, comforters, and pillows account for 10 to 20 percent of company revenues, which were estimated at over $41 million in 1986.
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15573
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The Mast General Store was opened for business in Valle Crucis in 1883 by Henry Taylor, who later sold a half interest in the store to W.W. Mast in 1897. The store closed in 1977. John and Faye Cooper, who were attracted to the site in 1976, purchased it. Friends thought they were crazy, but the Coopers resurrected it and turned it into a multimillion dollar business that employs sixty-five people. The store is treasured by locals and visitors for its mix of the old and the new.
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Record #:
15574
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Nelson discusses how abandoned plants in the state, such as textile mills, are finding new life as real estate brokers match relocating or expanding existing companies with buildings that fit their needs. Some of the reasons for reusing a plant or mill include cost and timing. Also, although a business has moved, the old workforce is still there, the access to highways and airports and distributions centers still exists, and a local government always be ready to make a new company welcome.
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Record #:
15575
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In 1985 the NC General Assembly passed the Comprehensive Obscenity and Child Protection Act that would make pornography contraband across the state. The act was referred to as a model for other states. However, despite the tough new law, pornography still pays huge profits in North Carolina.
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Record #:
15576
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Marvin Coghill is president and chief operating officer of Standard Commercial Tobacco, Co. in Wilson, the world's second largest independent tobacco trading company. Recently the company has added a new venture, the wool market. The company has acquired 2 to 3 percent of the world's wool market, which is significant since no company controls more than 7 percent of the market. Wool sales for the last fiscal year were S235 million and produced $6 million in profit. Standard's tobacco sales were $375 million with $14.5 million in profit.
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Business North Carolina (NoCar HF 5001 B8x), Vol. 7 Issue 4, Apr 1987, p28-30, 32, 34, por Periodical Website
Record #:
15577
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Captive-Aire Systems of Raleigh manufactures kitchen ventilation systems and equipment for the food service industry. Robert Luddy founded the company which Inc. magazine ranks 43rd on its list of 500 fastest growing private companies in the country. Based on company sales, Captive-Aire is one of the top three manufacturers of kitchen ventilation equipment in the nation.
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