Business North Carolina

1 day ago | businessnc.com | David Mildenberg

Many folks of all political stripes agree the U.S. needs to expand domestic chip manufacturing production to relieve our reliance on China. So Wolfspeed’s $5 billion bet on a Chatham County plant, supported by a $750 million in government backing pledged by the Biden Administration, makes sense to a lot of people across the political spectrum.

2 days ago | businessnc.com | Kevin Ellis

UNC Health CEO and the dean of UNC School of Medicine Dr. Wesley Burks will step down from those roles to focus more efforts on the development of a $2 billion children’s hospital, as well as spend more time with his family and tend to a family member’s increasing health needs. His last day in his current roles at UNC will be Sept. 1, according to a UNC Health release. Burks has been in his current roles since December 2018.

6 days ago | businessnc.com | David Mildenberg

Wall Street investment bank Lazard hired former U.S. Rep. Patrick McHenry as a senior adviser, three months after the Lincoln County resident left Congress, the Wall Street Journal reported. McHenry was a Republican congressman for two decades. He was considered perhaps North Carolina’s most influential congressman because of his role as chair of the House Financial Services Committee since 2023. Former House Speaker John Boehner predicted McHenry would be the House Speaker someday.

1 week ago | businessnc.com | Kevin Ellis

Cone Health will have some competition for its plans to build a $250 million hospital in the Alamance County portion of Mebane. Duke Health and Novant Health have put in a joint Certificate of Need request to build a $225 million hospital in Mebane. Both hospitals would be approximately 46 beds. In North Carolina, healthcare providers are required to obtain permission from the Department of Health and Human Services before offering new institutional health services.

1 week ago | businessnc.com | David Mildenberg

Since becoming president of the Federal Reserve Bank of Richmond in 2018, Tom Barkin has consistently shown up in unusual places to gain the pulse of the economy in his five-state region. This week, Barkin met with various regional business leaders in southeastern North Carolina while visiting UNC Pembroke in Robeson County. Chancellor Robin Cummings hosted Barkin at various gatherings, including the regular weekly meeting of the Lumberton Rotary Club.