Wednesday, July 30, 2014

NCBiotech Awards $1.5M In Quarter, Loan Recipients Net $77M

RESEARCH TRIANGLE PARK, N.C. -- The North Carolina Biotechnology Center awarded more than $1.5 million in the fourth quarter of its 2013-2014 fiscal year, while the Center’s loan recipients brought in more than $77 million in outside funding during the period. NCBiotech approved 22 loans and grants in nine programs to institutions and organizations across the state during the quarter running from April through June, 2014. For the full year, NCBiotech awarded 78 loans and grants totaling $6,308,186.The awards program supports life science entrepreneurship, technology commercialization and growth, and lays the groundwork for major add-on funding. On average, every dollar NCBiotech loans to young life science companies is met with $117 in additional funding to those firms from disease philanthropy and government grants, angel and venture investment and other financial support. Every grant dollar is met with an average $28 in additional funding.

WRAL-TV and Radio One Raleigh Raise More than $112,000 for HungerFreeNC

RALEIGH, N.C. -- In the first ever, daylong MEDIAthon to benefit local non-profit Inter-Faith Food Shuttle, WRAL-TV and Radio One Raleigh raised more than $112,000 and launched a powerful community conversation about North Carolina’s hunger crisis. HungerFreeNC included airing nationally acclaimed documentary “A Place At The Table” commercial free into prime time. WRAL documentary produced a half hour program “Hungry For Answers,” spotlighting the invisible hunger problem in North Carolina and some innovative solutions underway. That documentary also aired on Capitol Broadcasting stations WRAZ and WILM. WRAL News anchor David Crabtree focused his weekly half hour program, On the Record, on the topic of hunger with guest Inter-Faith Food Shuttle CEO and Founder Jill Staton Bullard. WRAL-TV and the three radio stations of Radio One Raleigh hosted a 13-hour fundraiser on TV, radio, web and social media. The media partners have been planning the project for almost a year.

CraZBrain Science Track Out and Summer Camp Opens in RTP's Park Center

RESEARCH TRIANGLE PARK, N.C. -- CraZBrain, a new science and discovery-based track out and summer camp, announces its opening at Park Center, RTP’s first planned area of mixed-use growth. With camps starting in August, CraZBrain aims to engage elementary and middle school kids tracking out throughout the year with engaging camp themes such as “Crazy Contraptions” and “007 Spy” that will continue educational engagement while outside of the classroom. CraZBrain was founded by husband and wife team Aaron Rothrock, a 9-year education veteran from Cary Academy and Ginger Rothrock, experienced entrepreneur and co-founder of Liquidia Technologies, both Chemistry Ph.D.s from UNC.

GCFLearnFree Launches Excel Formulas Tutorial

RALEIGH, N.C. --, an online-based educational organization, has launched a free Excel Formulas tutorial that includes more than 20 lessons and several interactives for users to both understand formulas and practice creating them. Excel Formulas expands upon the organization’s popular Microsoft Office online tutorials, which give users a more in-depth look into how these programs work. The tutorial features real-world situations and problems learners can solve to better prepare them for using these formulas at work and in life. In one interactive, they can help a friend plan a birthday party using an Excel formula. In another, they can determine how much pizza is needed for a work event. In all, they can apply what they’ve learned to Excel or any other spreadsheet-based program, like Google Sheets.

Monday, July 28, 2014

Emergency Department Simulator Uses Analytics to Help Administrators Make Data-Driven Decisions

RALEIGH, N.C. -- Emergency departments (EDs) are under growing pressure; while the number of ED visits have sharply increased, the number of EDs serving this need has actually decreased. According to a report from Rand Corporation, ED doctors are increasingly becoming the decision-makers regarding hospital admissions. Today, nearly half of all non-obstetrical hospital admissions occur through the ED. With the adoption of the Affordable Care Act, it is expected the number of ED visits will continue to rise. ED staffs are, therefore, looking for ways to make effective decisions to make their departments more efficient.

SAS ‘Model Risk Management RiskTech Quadrant® Leader,’ Says Chartis

CARY, N.C. -- Business analytics powerhouse SAS ranked as a category leader in Chartis’ Model Risk Management Solutions 2014 RiskTech Quadrant®, recognizing the software’s “completeness of offering” and “market-share potential.” “Recent regulatory standards mean that enterprise level model risk management requires a combination of quantitative and qualitative methodologies, processes, and systems applied across many risk types, “ said Peyman Mestchian, Managing Partner at Chartis. “The range of SAS technology solutions covering advanced model risk analytics, risk data aggregation, model governance, workflow and reporting applied across credit risk, market risk, operational risk and financial crimes positions it as a category leader for model risk management.”

VantageSouth Bank Named Top SBA Lender in NC

RALEIGH, N.C. -- According to the U.S. Small Business Administration (SBA) VantageSouth Bank's Government Lending Division was recognized as the top provider of loans to small businesses in North Carolina based on the dollar volume of loans. "We are proud to be the top provider of SBA Loans to the businesses of North Carolina. Our recent merger to create the new Yadkin Bank will allow us to reach further into the communities we serve across the Carolinas to deliver SBA loans which are so important to job creation and retention," said Chris Kwiatkowski, head of Government Lending for VantageSouth Bank.

Surrey Bancorp Reports Second Quarter Net Income of $767,779

MOUNT AIRY, N.C. -- Surrey Bancorp (the "Company"), (PINKSHEETS: SRYB), the holding company for Surrey Bank & Trust, today reported earnings for the second quarter of 2014. For the quarter ended June 30, 2014, net income totaled $767,779 or $0.18 per fully diluted share, compared with totaled $800,843 or $0.19 per fully diluted common share earned during the second quarter of 2013.

Friday, July 25, 2014

Dr. Charles R. Kays Appointed to CFCC Board of Trustees

WILMINGTON, N.C. -- Governor Pat McCrory has appointed Dr. Charles R. Kays to the Cape Fear Community College Board of Trustees.  His term runs until June of 2018. Dr. Kays received his Bachelor of Science in Biology from Fairleigh Dickinson University and a Doctor of Dental Medicine from the Medical University of South Carolina.  He received his General Surgery and Plastic Surgery training at New Hanover Regional Medical Center, and Georgetown University.

Ideal Fastener Corporation to Expand Facility in Granville County

RALEIGH, N.C. -- Governor Pat McCrory and North Carolina Commerce Secretary Sharon Decker recently announced that Ideal Fastener Corporation will be expanding its facility in Granville County. The company plans to create 155 jobs in Oxford by the end of 2019 and invest more than $5.7 million. “This announcement is another example of the confidence employers have when it comes to investing in North Carolina,” said Governor McCrory. “These new jobs resulting from this expansion will make a significant impact in the economy of Granville County and the City of Oxford.” Ideal Fastener Corporation is a privately held company established in 1936 and is the second-largest zipper manufacturer in the world. The company is involved in every aspect of the styling, technology and manufacturing of zippers.  The company has more than 3,500 employees with six manufacturing facilities in four different countries, as well as sales and support offices in more than 18 countries.  The company currently employs 226 people at its Oxford facility.

Publicity and Branding Consultant Shares PR Best Practices with Entrepreneurs at Groundwork Labs

DURHAM, N.C. -- Innovative Public Relations ( President David Menzies shared PR best practices with members of the Groundwork Labs entrepreneurial community Wednesday July 23 at the American Underground in Durham. The 22+ year award-winning communicator was invited to speak to the group of up-and-coming technology entrepreneurs working to test their ideas and get expert guidance before taking their businesses to the next step. After explaining how PR, marketing, and advertising work together to tell a business’ story, Menzies gave an overview of the essential elements of a public relations campaign and expanded on how to use PR to connect with prospects and customers. A substantive Q&A session followed, and Menzies then hosted individual team members seeking more detailed counseling sessions for two hours in one of Groundwork Labs’ offices.

McClatchy Revenue Down 3.2 Percent in Second Quarter

RALEIGH, N.C. -- The Raleigh News & Observer's parent company, McClatchy, reported Thursday that revenue fell 3.2 percent in the second quarter, despite selling off major assets and recording double-digit growth in its digital business. In addition to owning the N&O, McClatchy owns The Charlotte Observer and 27 other daily newspapers. The company reported net income of $89.9 million, or $1.02 per share, compared to $11.8 million, or 14 cents per share, during the second quarter of 2013.