Murdock Doubles Down On Kannapolis Research Center

Sep 30, 2014
Ben Bradford / WFAE

The billionaire owner of Dole Foods will pour yet more millions of dollars into the Kannapolis research center he founded six years ago. David Murdock announced Tuesday an endowment of $15 million a year, in perpetuity, to his self-named institute. He hopes it will reignite his vision of a hub for life-changing food research.

NC Venture Capital Slow To Return Post-Recession

Jan 22, 2014
Ben Bradford / WFAE

Venture capital investment is best known for funding technology start-ups, including, once upon a time, Google and Facebook. The amount of venture capital funding is also an indication of how many start-ups or early stage companies a region is producing. The latest numbers in North Carolina show the state still has not recovered from the recession.

Server Farm Coming To Kannapolis Biotech Campus

Jun 12, 2013
Ben Bradford / WFAE

The Kannapolis research campus founded by Dole Foods magnate David Murdock has announced its first new corporate tenant in two years. But it's not the kind of company you'd expect for a place focused on health and food science. 

Ben Bradford / WFAE

When billionaire David Murdock opened the North Carolina Research Campus five years ago, his goal was to create a global biotechnology center in Kannapolis and to replace the thousands of jobs lost when Cannon Mills—formerly the city’s largest employer—closed. Murdock has poured upwards of $600 million into development of the NCRC, but today, there are only a handful of companies and few jobs compared to his sweeping vision. This week, Murdock donated another $50 million to the endeavor. Outside of Murdock’s millions, there are few signs of growth, but many are still betting on it.