“The city of Durham will earn $1.6 million from the Durham Performance Arts Center this year. The city, which owns DPAC, says unaudited financial statements for the 2014-2015 season’s financial results show the theater generated a net income of $5.3 million. The city gets a share of that under DPAC’s operating agreement.”
Read more in Triangle Business Journal.
“A year and a half after his Durham company was acquired by TiVo (Nasdaq: TIVO) for $135 million, Digitalsmiths co-founder and president Matt Berry says the unit still feels like a startup.
“We still have that traditional American Tobacco Campus-type culture,” he says. ut now it has a heftier wallet and an international rolodex.”
Read more in Triangle Business Journal.
On a recent Sunday, chatter from people waiting on the sidewalk for tables at Dame’s Chicken and Waffles wafted on a fall breeze across a tree-lined plaza where several people sat, read and sipped coffee. Across the street, a group celebrating their friends’ anniversary wandered into the barroom of Pizzeria Toro to drink cocktails and eat Neapolitan-style slices.
In the past decade or so, downtown Durham has become a destination for diners, carousers and art lovers after years as a business district that was mostly lifeless on nights and weekends. The influx of trendy establishments has helped Durham shed its former image as the grittier sibling to North Carolina’s capital city Raleigh or the bucolic college town Chapel Hill in a tri-city region known as the Triangle.
Red more in the Bowling Green Daily News.
“Adwerx is thrilled to be a finalist for two NC Tech Awards; “Best Place to Work” and “Top 10 Startups to Watch”
A review committee, comprised of economic development, education, media, non-profit and technology leaders across the state, selected the finalists and winners for the 20th Annual NC Tech Awards. Winners will be announced at the NC Tech Awards Gala, held on November 12.”
Read more at NCTA.
“Bulls General Manager Honored as League’s Top Executive for Second Time
The International League has named Durham Bulls General Manager Mike Birling as 2015 Executive of the Year. Under his leadership, the Bulls set back-to-back single-season paid attendance records in 2014 and 2015, ending this past campaign with an all-time high of 554,788 cumulative fans. This is the second International League Executive of the Year award for Birling, who took home the honor after his first season as Bulls GM in 2003.”
Read more at DurhamBulls.com
Monuts Donuts is officially letting go of its first location on East Parrish St., but remains open on Ninth Street.
In a heartfelt letter posted to fans on its Facebook page, owners Lindsay and Rob Moriarty detailed the reason why they decided to sell 110 E. Parrish St. location, where they had planned to open an entirely new restaurant.
Read more at WRAL.com
“London may have double-decker buses,but Ponysaurus is going next level on the concept with a double-decker patio at its new Durham location at 219 Hood St. You can try it out now, too: Ponysaurus opened last night. The bar will now open every afternoon at 4 p.m., except Mondays, and plans to expand its weekend hours in coming weeks.:
Read more in the Indy Weekly.
“Durham-based Principled Technologies disclosed Friday that it had entered into an agreement to acquire another Durham technology company: WeejeeLearning.
Financials were not immediately available. The move adds nine employees to Principled Technologies’ team, giving it a total headcount of 83.”
Read more in Triangle Business Jounal.
“Durham and Raleigh are among the most “recession-recovered” cities, according to a new report from personal financial website WalletHub.
Among the 150 largest U.S. cities, Durham is No. 19 and Raleigh is No. 22 – the highest-ranked in North Carolina, except for Fayetteville at No. 9.”
Read more in Triangle Business Journal.