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Raleigh Triangle Local and Business News

  • Raleigh's Paragon Bank parent announces stock split

    Raleigh-based Paragon Commercial Corporation, parent company of Paragon Commercial Bank, is trying to increase the liquidity of its shares in advance of an OTC debut.

    The company recently began the process to receive a ticker symbol so that its stock can be traded on the “over-the-counter” market.

    On Wednesday, the firm announced it has authorized a 125-for-1 stock split for shareholders – a move aimed at bringing the stock price to a level more attractive to investors.

    “Since our charter…

  • Futuristic transit system coming to Hillsborough Street

    The idea started back in November 2013. Two North Carolina State University engineers realized they wanted to fill a gap in transit at the university.

    And now, with the collaboration of the university and outside sources, colleagues Seth Hollar and Marshall Brain are in the early stages of developing a privately funded transit system, EcoPRT, which would start on N.C. State’s campus and extend outward.

    The two colleagues have designed the transit system so that it will encourage nearby shopping…

  • Durham marketing start-up Neurospire tackles ADHD

    Two years ago, then Duke University student Jake Stauch presented a unique approach to marketing focus groups – a device with sensors for your head that could record your reaction when you watch a commercial.

    Stauch said at the time – presenting at ACC entrepreneurship competition Startup Madness – that his company, Neurospire, would change the way marketing decisions are determined.

    And Wednesday, two years later, he’s licensed his “neuromarketing” software platform to companies in…

  • Military-friendly employers in the Triangle

    The unemployment rate for military veterans across the country who have served since September 2001 is at 9 percent, according to a report from the U.S. Bureau of Labor Statistics. In North Carolina, 25,000 military veterans are unemployed.

    Yet military veterans looking for work may not know where to look to connect with local military-friendly employers.

    Here are three North Carolina resources to help military veterans find jobs:

    Stay NC– A resource page to help military veterans and their…

  • Defunct Raleigh incubator could make a comeback

    The defunct Raleigh Business and Technology Center could get a second wind.

    It’s been a year since city leaders yanked its funding amid an audit that turned up “significant” finance issues at the center.

    On Tuesday, city leaders heard from local thinkers – everyone from IBM (NYSE: IBM) veterans to Cisco (Nasdaq: CSCO) engineers to entrepreneurs – on ways the incubator could be reinvented. They were all part of a “visioning team,” says city CIO Gail Roper. They met three times to talk…