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Jan 20, 2023

Tell friends that you and your spouse are planning to start a business together, and they might set the red flags flying.  But despite potential pitfalls, it’s estimated that about 1.4 million U.S. businesses are jointly owned and operated by married couples, who have to make all that togetherness work. “People have made comments: ‘This is amaz ...

Jan 20, 2023

Facility Owner Puts His Chips On The Table

By Johanna F. Still, posted Jan 20, 2023

When Taner Basaga opened Basaga International at the Port of Wilmington last year, it was the second time he would turn things around at the riverfront wood chip facility.     The first time was in 2011 when he restarted operations at the facility “from scratch” while working for a Turkish-based company, Yildiz Entegre. “It was abandoned, ...

Jan 20, 2023

Chill Couple Grows Ice Cream Stores

By Laura Moore, posted Jan 20, 2023

Boombalatti’s Homemade Ice Cream became a local favorite when it first opened in The Forum on Military Cutoff Road in 1999. When Wes and Kristen Bechtel decided to take the reins in 2015, they kept the name but decided to make it more of an experience. “We saw immediate growth right off the bat,” Wes Bechtel said. “We honed in on our customer ser ...

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Is This Plan Right for You?

Posted Jan 25, 2023
A question business owners often ask about planning for a successful future is, “How do I know the plan my advisors are building is right for me?” It’s a good question, and one that we want to help answer for you today by explaining the process of planning for a successful future. 

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Jan 13, 2023

Local Manufacturer Expands Production Offerings

By Staff Reports, posted Jan 13, 2023

Motorized pulley manufacturer, Rulmeca Corp., has expanded its production line thanks to a yearlong expansion effort.  This fall, the firm’s electric autoclave manufacturer, Bondtech, commissioned a new machine and trained production staff on how to use it to bring a new capability in-house. The new equipment enables Rulmeca to offer more motorized pulley opt ...

Jan 6, 2023

2023: A Look Ahead

By Staff Reports, posted Jan 6, 2023

While economic factors such as inflation and interest rate changes are expected to impact several sectors in the Wilmington area this year, some signs and local professionals in those industries show optimism about the possibility of continued growth.  The real estate market in New Hanover, Brunswick and Pender counties this year won’t look like the start o ...

Dec 23, 2022

GE Hitachi Submits Nuclear Design Application To U.K. Agency

By Johanna F. Still, posted Dec 23, 2022

GE Hitachi Nuclear Energy has submitted a design application for its BWRX-300 small modular reactor (SMR) to the U.K. Department for Business, Energy and Industrial Strategy. The company, headquartered in Wilmington, has been working toward the goal of deploying its BWRX-300 design, which is based on its legacy boiling water reactor models. As GE Hitachi’s first S ...

Dec 16, 2022

2022 Year In Review

By Staff Reports, posted Dec 16, 2022

After two years of life-uprooting curveballs thrown by a global pandemic, the end of 2022 was marked by COVID-19’s near-absence of a presence in daily life.    However, the pandemic’s impacts still reverberate, certainly so in the pressures exerted upon the health care system, which was critically strained this summer.   This year’s rea ...

Dec 16, 2022

TOP STORY OF THE YEAR: Organizations Fill Top Positions

By Johanna Cano, posted Dec 16, 2022

Many influential local organizations saw leadership changes this year, from newcomers to familiar faces taking over the helm. In July, Aswani Volety started his role as the seventh chancellor of the University of North Carolina Wilmington. Volety previously worked at UNCW, where he served as the dean of the College of Arts and Sciences. Most recently, he served as th ...

Dec 16, 2022

TOP STORY OF THE YEAR: Bonuses, Pay Bumps Address Work Woes

By Miriah Hamrick, posted Dec 16, 2022

Plenty of job openings and fewer applicants this year meant employees held the upper hand while employers offered higher wages, hefty sign-on bonuses and other perks to attract and retain workers. At Novant Health New Hanover Regional Medical Center, hospital officials continued to navigate the nationwide nursing shortage. Burnout from the pandemic prompted nurses to qu ...

Dec 16, 2022

TOP STORY OF THE YEAR: Gang Brewery TRU Colors Closes

By Johanna Cano, posted Dec 16, 2022

A Wilmington brewery with a social impact mission and backing from a large national beer company ceased its operations this year. TRU Colors CEO George Taylor announced the company’s end in September, just a few months after its taproom had opened on Greenfield Street. The company had also been distributing its first beer, TRU Light, at grocery stores and bar ...

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