Startups

North Carolina based First Citizens Bank acquired the failed Silicon Valley Bank.

Business & Economy

First Citizens acquisition of Silicon Valley Bank could mean more cash for NC startups

Jason deBruyn

Local startups are hopeful. But venture capital experts warn benefits will be more incremental than torrential.

This undated image provided by Boom Supersonic shows Boom Supersonic Overture Aircraft. American Airlines says it has agreed to buy up to 20 supersonic jets that are still on the drawing board and years away from flying. American announced the deal Tuesday, Aug. 16, 2022 with Boom Supersonic.

Business & Economy

Aviation startup picks engine designer for supersonic plane; Will be built in Greensboro

Associated Press

Boom plans to build Overture in Greensboro, North Carolina, partly because of its location near open ocean where the planes can be tested without rattling windows on the ground.

Race & Demographics

American Underground Looks To Bring Black Business Startups To Durham

Leoneda Inge

African-American startup companies are vying for a coveted spot in Durham's Black Founders event.Durham-based American Underground, along with the Google…

Business & Economy

NetSuite Acquires Bronto Software For $200 Million

Leoneda Inge

Durham-based Bronto Software has been sold for $200 million dollars to NetSuite of San Mateo, California.Bronto Software, founded in 2002, has been…

Business & Economy

North Carolina Life Science Startups Raise Record Funds

Leoneda Inge

The Council for Entrepreneurial Development says start-up businesses in the state are receiving record-breaking funding.The CED annual Investors Report…