Business news and information from Charlotte and the Carolinas. 

Mike Linksvayer / Flickr

North Carolina fell a bit in the most recent rankings of solar energy production across the nation but despite the dip, the solar landscape still looks strong, at least this year.

Courtesy of the Wilmington Film Commission

The curtain is poised to come crashing down on North Carolina’s film incentive.

Wednesday, the House Finance Committee adopted a plan which would slash the amount a production company could receive, from $20 million to five million.

Chris Ford / Flickr

The North Carolina Senate has passed a bill that could strip control of Charlotte Douglas Airport from the city council and end a year-long legal impasse in the state’s favor—all less than two days after the legislation became public.

Courtesy of EUE/Screen Gems

For the past seven years North Carolina has been aggressively trying to lure movie and television shows to film in the state. Their bait? Tax dollars.

Since the program began it has been hugely successful. But the film incentive program is controversial. In Raleigh there is a movement to change the program or let it sunset at the end of this year.

This week, we take a closer look at the incentives program and proposals to change it. This report looks at how the system works and how much money just one TV show spends in the state.

In Raleigh Wednesday, a bipartisan group of lawmakers took to a stage of sorts, in an effort to build support for the state’s film incentives. The tax rebate program faces an uncertain future and may expire at the end of the year. 

MANA Nutrition

Malnutrition contributes to more than a third of deaths of children under five worldwide. For decades, these children had to be treated in in-patient clinics. But a peanut-based paste is making treatment more accessible, and it’s exploding in popularity. One of the companies that helps meet the demand is based in Matthews.

Jason E. Miczek

The EpiCentre in Uptown Charlotte has a new owner. The Los Angeles-based CIM Group acquired the mixed-use development for a reported $130.5 million.


Charlotte will play host to two companies developing a new type of nuclear reactor. Oregon-based NuScale Power has announced it will open a new office in SouthPark and will hire 100 employees, after seeing an opportunity in the struggles of its Charlotte competitor.

Jeremy Brooks

Chiquita Brands International Friday reported a loss of $25 million in the first quarter, blaming increasing costs and extreme weather. But, the Charlotte-based company says it’s still on track to meet its 2014 goals.

Bank of America's annual shareholder meeting in uptown Charlotte Wednesday alternated from a love fest to a shouting match. And one issue hovered over the meeting – the announcement last week that Bank of America made a $4 billion mistake.

The meeting got off to an awkward start.

Bank of America board Chairman Chad Holliday was introducing the board members up for reelection when he was cut off by shareholder Richard Davet, who stood up far from the microphone and objected to holding a vote just a week after finding out about the bank's financial error.