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NC Innovation board debates leadership, financial concerns
Regarding NCI’s internal finances, Pope raised alarms last month about spending levels and a lack of new private donations.
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NCInnovation committee votes to freeze investment plans as lawmakers weigh budget clawback
The NCInnovation investments committee voted Monday to keep the organization’s $500 million endowment fully in cash for the next 30 days, maintaining maximum flexibility as lawmakers consider legislation that could repeal the nonprofit’s authorizing statute and shift its funding model.
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NCInnovation earns clean audit report, as questions linger over $500M taxpayer investment
NCInnovation (NCI), the state-funded venture aimed at turning university research into commercial successes, has cleared its first performance audit with no legal violations, according to a report released by the North Carolina State Auditor’s Office last week.
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NCInnovation board selects investment manager for $500 million taxpayer-funded endowment
The board of directors of NCInnovation (NCI), the private nonprofit given $500 million in taxpayer funds to help commercialize public university research, voted Thursday to select Wells Fargo as the investment manager for NCI from more than a dozen financial institutions who submitted bids.
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Former top NC political donor Lindberg pleads guilty in $2 billion fraud
Greg Lindberg, once North Carolina’s top election campaign donor, pleaded guilty Tuesday to federal charges connected to a scheme government officials described as a $2 billion fraud.
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Judge orders forfeiture of $1.4 million linked to Lindberg political bribery case
A federal judge has approved forfeiture of more than $1.4 million tied to the bribery case against former top North Carolina political donor Greg Lindberg. A jury found Lindberg and co-defendant John Gray guilty in May in a retrial on federal bribery and fraud charges. Lindberg and Gray await new sentences in the case.
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House committee weighs raising pay for school principals
Principals advocate for a revised plan for school principal compensation.
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‘Urban doom loop’ could threaten Charlotte’s commercial real estate sector
A recent analysis detailing an on-going crisis for the commercial real estate market in U.S. cities has experts concerned that such predictions could reach their way to the Queen City.
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Duke Energy proposes two renewable energy plans
Duke Energy hopes that the North Carolina Utilities Commission will approve two proposed optional renewable energy plans for businesses and consumers.
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Inflation continues to gobble up Thanksgiving budgets this year
Thanksgiving dinner with family and friends is always a special occasion filled with fellowship, memories, and good food. However, this year’s Thanksgiving feast is also filled with higher prices thanks to the ever-present inflation we have been dealing with for almost two years.
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Dale Folwell backs WV move against activist ‘ESG’ investments
This summer, West Virginia State Treasurer Riley Moore published a list of five financial institutions that he has deemed ineligible for state banking contracts due to their environmental and social activism. The list includes Blackrock, Wells Fargo, JP Morgan Chase, Morgan Stanley, and Goldman Sachs. And North Carolina State Treasurer Dale Folwell said he supports...
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50-year veteran of childcare industry advocates for reforms
As the childcare industry across the country faces a continued labor-force pinch due to the COVID-19 pandemic, one 50-year veteran of the industry here in North Carolina is pushing for a key reform she says would go a long way to solve the problem. Mary Myers is the owner and operator of two childcare centers...
