News
Fracture in NCI board over $168m state budget ask
The debate by budget writers appears to be not if the legislature will claw back the NCI endowment, but how lawmakers will restructure any funding and governance to replace it.
News
Former top NC political donor Lindberg sentenced to 12 years in prison
Former top NC political donor Greg Lindberg faces a 19-year federal prison sentence in connection with a bribery conviction and a guilty plea in a multibillion-dollar insurance fraud case. That’s according to reports Tuesday from the McClatchy Newspapers.
News
Lindberg seeks sentence that would limit additional prison time
Former top NC political donor Greg Lindberg is seeking to limit the amount of additional time he will have to spend behind bars in connection with a federal bribery conviction and a guilty plea in a separate insurance fraud case.
News
Report calls for Lindberg to pay $1.6B in restitution in fraud case
Former top NC political donor Greg Lindberg could pay $1.6 billion in restitution in connection with his guilty plea in an insurance fraud case, according to a court document filed Friday.
News
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.
Opinion
How housing policy is failing NC’s young people
Allowing more small homes, speeding up approvals, and prioritizing thoughtful, pro-community housing would make paychecks go further and help people stay in the communities they love.
News
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.
Opinion
State audit exposes NCInnovation’s transparency problem
NCI’s press release is an exercise in selective storytelling. While it heavily relies on the audit’s confirmation of statutory compliance, it deliberately ignores the report's substantive critiques.
News
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.
Opinion
Winston-Salem is top hub for biotech innovation. But can they make it last?
This presents a massive economic development opportunity for Winston-Salem. Unlike industries like banking or tech, once biotech companies build manufacturing facilities, they don’t leave.
Opinion
NC’s real estate market: Key trends shaping 2025 and beyond
Whether it’s repurposing office buildings, supporting rural development, or investing in storm recovery efforts, public and private collaboration will be essential in shaping the future of real estate in the state.
News
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.
