A Senate budget calls for a 50 percent cut in funding for the North Carolina Biotechnology Center. While not as bad as Gov. Pat McCrory's 60 percent slash, the Senate's total would mean big reductions for the Center. It's also a nasty indicator that major cuts are coming with two of the three budget players supporting a substantial reduction. Can the House save the day?
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In the marketplace, they compete fiercely for market share and profits. In the Research Triangle Region of North Carolina, they collaborate with equal ferocity to create the smart, clean technologies of the future. And they're paying $75,000 each for the privilege. They are the founding members of the Research Triangle Cleantech Cluster.
Apple Chief Executive Officer Tim Cook will face off against U.S. senators leveling accusations the iPhone maker has created a web of offshore entities to avoid paying billions of dollars in U.S. taxes.
Bringing order to the chaos of social media record keeping is the goal of Durham-born and based startup ArchiveSocial. An example of the New Bull City's emerging reputation as a home for successful tech startups, the company came home a winner in the "Top 50" competition put on by TiE organization. And its CEO is thankful for the support his firm has received from others across its home town.
New Bull City, Day Two: One can't appreciate a revitalized Durham today without looking back to the late '90s and remembering a desolate city center. But the Internet boom coupled with the rebuilding of the city's infrastructure and the love of several entrepreneurs for the Bull City triggered a perfect storm of development that turn dead town into boom town.
"Our headquarters isn't moving. Our team isn't changing. Our road map isn't changing," says founder David Karp. "Our mission -- to empower creators to make their best work and get it in front of the audience they deserve -- certainly isn't changing."
In just over a decade, the city of Durham's population has exploded 46 percent to more than 233,000 - and that's an estimate from two years ago. The New Bull City is a vibrant combination of technology and culture yet one that is proud of a long and eventful history. Here's a look back at the beginnings and its evolution on which Durham today is built.
"New Bull City" is the title of a multi-part series beginning today about the remarkable transition of Durham from a town of tobacco, textiles and manufacturing to a "City of Medicine" and now a rapidly growing technology hub. From its historic past to what appears to be a promising future, the remarkable saga of Durham will unfold daily for WRALTechWire Insiders.
The New Bully City is the new home for Nuvotronics, a high-tech manufacturing firm that uprooted itself from Virginia and transplanted itself among the high-tech infrastructure of Durham. CEO Noel Heiks explains why she and husband David Sherrer, who is company president, decided to call Durham home even though they received no tax incentives to do so.
Greensboro-based Honda Aircraft recently flight tested its fifth FAA-conforming HondaJet complete with a production interior and options. The company's CEO says its final phase of flight testing before actual production is underway.
The Charlotte service provider says it is now capable of delivering 100G services on its 8,000-mile network, enabling cloud computing and high-bandwidth applications for enterprise business throughout the southeast United States.
"Price reductions are in many ways very important in driving the access and take-up of health-care coverage," Chief Financial Officer Simon Dingemans says. "We see very good volume response to that, which shows the strategy is working."
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