A Raleigh entrepreneur claimed the $100,000 grand prize in MillerCoors' Urban Entrepreneurs Series, an annual business plan contest for minority business owners.

Rex Wills will use the prize money for product development at his startup, Hi-Tek POS. The company, formed this year, makes inventory tracking software for the food, beverage and restaurant industry.

Hi-Tek beat out 200 competitors for the prize that MillerCoor has awarded since 1999. Four others won $25,000 runner-up prizes.

First coffee, now beer.

Last week, the Wall Street Journal reported that Starbucks has started charging more for some coffee drinks in a few markets, including the Raleigh area, before increasing prices everywhere.

This morning, the newspaper notes that Anheuser-Busch InBev and MillerCoors plan to raise prices in most markets. The two companies account for about 80 percent of U.S. beer sales.

The companies also raised prices about the same time last year. The latest move could create an opportunity for smaller rivals and local brewers to win customers.

Despite declining beer sales, prices continue to rise faster than other consumer goods. In July, the price of beer and other malt beverages for consumption at home rose 4.6 percent from a year earlier, according to Labor Department data.