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Axios Raleigh
Charlotte-based Duke Energy is playing an outsize role in bringing new businesses to North Carolina
Landing advanced manufacturing jobs is becoming more energy intensive in North Carolina, while at the same time the state is working to reduce its emissions. Why it matters: North Carolina is competing to win jobs in industries it believes will be most influential in coming years — namely putting millions in incentives toward industries like semiconductors, batteries, electric vehicles and other green-energy products. But these industries — and the rise of artificial intelligence — consume a considerable amount of energy, making Duke Energy's role in landing new jobs in North Carolina more influential. Driving the news: In the past two years, the energy...
How to celebrate Pride Month in the Triangle
Pride Month has arrived. Here's how you can celebrate in the Triangle. 🎤 June 7: Morrisville's Pride edition of its Music in the Park series will be held from 6-8:30pm featuring live music, drag bingo with prizes from Trader Joe's, empanadas and ice cream. 🏃 June 8: Runologie's annual Run for Love 5K benefitting Raleigh Pride and the LGBT Center of Raleigh starts at 7:30am. An afterparty at Trophy Brewing on Maywood will follow the race. Register here. Apex will hold its Pride Festival from 11am-5pm, featuring live music, food trucks and a kids' zone.Orgullo Latinx Pride in Carborro will...
The Triangle's newest Fortune 500 company is Raleigh-based First Citizens Bank
First Citizens Bank, founded 125 years ago in Johnston County, is the Triangle's newest Fortune 500 company, entering the annual list of the country's largest companies by revenue at No. 182. State of play: Still run by the Holding family, First Citizens has grown rapidly through a series of acquisitions in the past few years — most notably that of the failed Silicon Valley Bank in March 2023. That purchase made First Citizens the 15th largest bank in the country, with more than $217 billion in assets, according to the Federal Reserve. It also put CEO Frank Holding Jr., 62, and...
The Soccer Tournament, during which men's and women's teams compete in 7-on-7 games, returns to Cary
The Soccer Tournament, during which men's and women's teams compete in 7-on-7 games for two $1 million prizes, is returning to Cary's WakeMed Soccer Park Wednesday. Why it matters: This is the high-profile soccer tournament's second year in existence. Last year's tournament featured star players such as Clint Dempsey, Landon Donovan and Heather O'Reilly, and drew 35,000 spectators to Cary.What's new: Of the teams that applied for entry, 48 men's teams and 8 women's teams will compete June 5-10.Last year, 32 men's teams competed. Women also competed with men for one overall prize.What we're watching: The first games start at 8:30am Wednesday. The championships will be held Monday night. See the full schedule here.Stream the games or buy tickets here.
Press, a crepe cafe and coffee shop, opens on Raleigh's Hillsborough Street
Press Coffee, Crepes & Cocktails' downtown Raleigh location opens Tuesday, owner Jason Cox tells Axios. Why it matters: It's a welcome addition to the area, which is seeing a reshuffling of restaurants coming out of the pandemic, with some longtime haunts closing and several new operators moving in.Since opening in the American Tobacco Campus in Durham, Press has become one of the city's most popular brunch spots.State of play: After building two successful locations — in Graham and downtown Durham — Cox is betting that downtown Raleigh will also warm to Press' offerings of sweet and savory crepes, daily...
The EDIT sale, a designer pop-up offering discounted luxury brands, is coming to Raleigh
The EDIT sale, a designer pop-up offering luxury brands at steep discounts, is coming to Raleigh for the first time June 4-5.Why it matters: The EDIT sale has become a wildly popular semi-annual event in Charlotte since its 2016 inception, generating hours-long lines. What to expect: A selection of about 3,000 designer items at 50-80% off retail prices — some will be as low as about $75. Expect women's clothing, shoes, handbags and accessories from brands like Alemais and Ulla Johnson.Other things you should know about the sale:No returns, exchanges or refunds.The following items are not allowed into the shop: bags, diaper bags, shopping bags, strollers and coats.The sale is in a 7,000-square-foot warehouse and offers an open dressing room.Pro tip: Wear leggings or biker shorts so you can try clothes on easily. What they're saying: "We've been hearing about Raleigh's fashion scene for a while," spokesperson Hope DeShazer told Axios. "We had a lot of women drive in from Raleigh for our sale in Charlotte."If you go: The pop-up will be at 1020 E Whitaker Mill Road June 4-5 from 10am-7pm both days. Inventory of the Raleigh EDIT sale. Photo: Courtesy of the Raleigh EDIT sale
Here are some of the Triangle's best June 2024 concerts
The lineup of concerts happening in the Triangle this month is just too good. 🔥 June 4: On her Hot Girl Summer Tour, Megan Thee Stallion will play at PNC Arena. 🎸 June 5: Rock legend John Fogerty plays Red Hat Amphitheater.🎙 June 7: Country singer Kane Brown stops at PNC Arena.⚡️ June 7: Pop singer Niall Horan performs at Coastal Credit Union Music Park.🪕 June 8: The N.C. Symphony and the North Carolina bluegrass band Steep Canyon Rangers join forces at Koka Booth Amphitheater.🎤 June 9: Kentucky-born artist Bryson Tiller will be at Red Hat Amphitheater.🎸 June 11: Groove...
Behind the search for the truth about Charlotte the stingray
TikTok's most famous stingray, Charlotte, is not pregnant after all. Why it matters: The California round ray gained internet celebrity status in February, when the humble Hendersonville aquarium she calls home announced her "miracle pregnancy." But as Charlotte's alleged pregnancy dragged on — four or five months longer than the average round ray pregnancy lasts — questions arose about what was going on with the animal.Driving the news: Two days after The Assembly published a story about the stingray, the Aquarium & Shark Lab by Team ECCO late Thursday announced that Charlotte has a rare reproductive disease that has "negatively impacted...
N.C. State has received $30M from Jeff Bezos to research alternative proteins
The Bezos Earth Fund, a foundation backed with $10 billion from Amazon founder Jeff Bezos, is pouring $30 million into N.C. State University to study alternative proteins, the university announced Friday. Why it matters: The Bezos Center for Sustainable Protein, to be housed on N.C. State's Centennial Campus, is part of a larger push by the Bezos Earth Fund to promote alternative proteins as a way to sustainably feed the world's growing population. State of play: Food production, especially raising livestock, is the second largest source of greenhouse gas emissions in the world, Bezos Earth Fund CEO Andrew Steer told...
Here are some of the best events happening this weekend in the Triangle
Here's what's happening this weekend in the Triangle. 🌜 Go to Sylvan Esso's inaugural Durham music festival Good Moon on Friday and Saturday, with afterparties in downtown Durham. 🇬🇷 Enjoy music, food and dancing at the Raleigh Greek Festival on Friday, Saturday and Sunday. ⛳️ Watch some professional golf at the Raleigh Country Club all weekend for the UNC Health Championship. 🎨 Check out some art at downtown Hillsborough's Last Friday Art Walk. Cary art galleries will also have events going on for the town's Final Friday Art Loop.⚾️ Support one of the seven North Carolina colleges competing in the NCAA baseball tournament starting Friday. 🌎 Try the cuisines of 50 different countries at the Raleigh International Food Festival in City Plaza. 🧱 Head to the Durham Brick Convention, a celebration of legos, at the Durham Convention Center on Saturday and Sunday. 🎺 Listen to music at the Carolina Brass Band Festival in Apex on Saturday. 🦫 Get your weird on Saturday at Durham's annual Beaver Queen Pageant to support the Ellerbe Creek Watershed Association.
Shibumi Shade has taken over North Carolina beaches. Now it's plotting more growth with new products
Head to a beach along the coast of the Carolinas this summer, and the scene is likely to be dominated by the presence of blue and turquoise canopies flapping in the wind.Why it matters: In just a matter of a few years, Shibumi has become one of the hottest outdoor brands in the country, selling hundreds of thousands of its lightweight wind-powered sun shades to beachgoers, spreading from its origins on Emerald Isle to beaches around the world. Flashback: Raleigh-based Shibumi was started in 2016, when brothers Dane and Scott Barnes and their friend Alex Slater began thinking of alternatives...
Northgate Mall's owners plan to include affordable housing in rezoning pitch
The developer that owns Northgate Mall in Durham tweaked its rezoning proposal for the defunct mall and now proposes adding some affordable housing. Why it matters: The new proposal from Northwood Investors is an attempt to compromise with the neighboring Walltown community, which has resisted the developer's initial plans to turn the mall into lab space with a small amount of retail. Since that first proposal last year, community members have asked that the property — located on a high-profile property north of Durham's downtown and just off Interstate 85 — contain affordable housing to combat the neighborhood's rising housing...
UNC, Duke and NC state all have dreams of a College World Series
Triangle schools are well-represented in another collegiate NCAA tournament.State of play: UNC and N.C. State's baseball teams each earned No. 1 seeds and host nods in the regional round this weekend. Duke, which won the ACC tournament in Charlotte this past weekend, will be the No. 2 seed in the Norman, Oklahoma regional. UNC is seeded fourth overall in the 64-team field, while State is 10th.Meanwhile, over in Greenville, ECU's squad secured the last regional hosting position as the 16th overall seed.Three other North Carolina teams qualified: Wake Forest, UNC-Wilmington and High Point, which is playing in its first NCAA...
Raleigh's Hopscotch Music Festival unveils 2024 lineup
Waxahatchee, Faye Webster, St. Vincent, Snail Mail and JPEGMafia will headline Raleigh's Hopscotch Music Festival in September, the festival announced Wednesday.Why it matters: The three-day festival is one of the Triangle's largest cultural events, bringing big and upcoming musical acts and thousands of people to the streets of downtown Raleigh.Also on the lineup:Rock bands The Jesus Lizard and Guided by VoicesNorth Carolina artists Wednesday, Indigo de Souza and MJ LendermanAnd Durham bands Fust and Sluice Photo: Courtesy of HopscotchDetails: This year's festival will be held September 5-7. The main stages will be in City Plaza and Moore Square. General Admission tickets start at $149. Catch up quick: Hopscotch made a comeback last year, when it announced indie rock legends Pavement would play their first show in the state since 1999, driving up ticket sales. Facing a post-COVID funk, the festival made organizational changes and eliminated single-day tickets sales in favor of three-day passes. The changes paid off with a stacked lineup and well-attended festival in 2023. Go deeper: Meet Hopscotch Music Fest's Ben Wingrove
VinFast could delay construction of its North Carolina factory again, report says
Vietnamese electric vehicle maker VinFast could once again delay the timeline of its $4 billion Chatham County plant, according to a report from Reuters.Why it matters: VinFast, which has pledged to eventually hire more than 7,000 workers at the North Carolina plant, already delayed its construction timelines from 2024 to 2025.That timeline, which comes as the company sees meager interest in its vehicles, could be pushed past 2025, Reuters said, citing an unnamed source.The intrigue: The report comes about a month after the auto maker assured investors its Moncure plant, located around 30 miles southwest of Raleigh, was on track.Yes,...
By the numbers: Here's how much Triangle CEOs made last year
Note: Total compensation includes base salary, stock/options, bonuses and perks. 2023 was the first year that compensation was reported for Tom Pike and Shane O'Kelly. Data: SEC filings; Chart: Axios VisualsCompensation levels for CEOs hit new heights last year, but they were more of a mixed bag for leaders of some of the Triangle's largest companies. State of play: Of the 24 publicly traded Triangle companies surveyed by Axios, 11 of their CEOs received pay increases in 2023 and 11 saw decreases, according to U.S. Securities and Exchange Commission filings. Two were new to the job and didn't have a 2022...
Here's what to know about Raleigh's UNC Health Championship on the Korn Ferry Tour
The world of pro golf descends on Raleigh this week with the Korn Ferry Tour — the PGA Tour's developmental competition — making a stop at Raleigh Country Club.Why it matters: The UNC Health Championship has become one of the region's premier golf tournaments, attracting up-and-coming pro golfers and local favorites every year.Proceeds from the tournament go toward funding a new children's hospital in the Triangle.What to know: The opening round begins tomorrow and will come to a close on Sunday. Grounds tickets start at $40.Former UNC basketball coach Roy Williams is the chairman of the tournament this year and will play in the pro-am that begins today.The tournament will recognize the late Raleigh golfer Grayson Murray, who died by suicide last week, and place green ribbons around the course for Mental Health Awareness Month.Several players with local ties will be competing, including:Raleigh natives and former UNC players Ryan Gerard and Carter JenkinsRaleigh native Doc RedmanCampbell University alum Pontus Nyholm and Brett McLamb, who played at both Campbell and N.C. StateRyan Blaum, a Duke alum who lives in DurhamAnd David Ford, a rising senior at UNC
Wong's Tacos, which melds Asian and Mexican ingredients, is expanding to Raleigh
A Richmond taco shop known for melding Asian and Mexican ingredients is expanding to Raleigh later this year.Why it matters: Wong's Tacos, a brand from Richmond's Eat Restaurant Partners, joins a growing number of restaurants expanding to the Triangle in hopes of taking advantage of its growing population.Other recent transplants include D.C.'s Taco Bamba, Phoenix's Postino WineCafe and Jaguar Bolera from Denver-based entrepreneur Robert Thompson.Driving the news: Eat Restaurant Partners had been looking for a landing spot for Wong's in Raleigh for two years before settling on one near Crabtree Valley Mall, president Chris Tsui told Axios.What to expect: A fall opening at 4251 Parklake Ave. in the GlenLake office park.The menu features a combination of Asian and Mexican cuisines, including chorizo egg rolls, brisket boa buns, black pepper chicken fajitas and kung pao chicken tacos.It also has a large cocktail menu with an emphasis on margaritas.What we're watching: Wong's Tacos could be the beginning of a larger expansion into the Triangle for Eat Restaurant Partners, which has 12 restaurant brands, Tsui told Axios."We'd like to see how we perform there and we would like to eventually have a few more restaurants down there," he said.
Raleigh and Durham's public parks have gotten worse compared with 100 other U.S. cities, according to a new report
Raleigh and Durham's public park rankings fell this year among the country's 100 largest cities, according to a new report — despite the cities' investment in green spaces.Why it matters: Access to the outdoors is linked to better quality of life. Trust for Public Land's annual ParkScore report aims to help leaders advocate for additional park resources and needed improvements.By the numbers: Raleigh dropped from 53rd last year for its public parks to 56th this year, according to TPL.Durham ranked 92nd, down from 89th last year.Zoom in: The rankings are based on five categories: equity, access, investment, amenities and acreage.Raleigh...
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