Archive for April, 2015
Widen I-77 statement on protest Friday at Exit 28; police plan hands-off approach
April 28. The region-wide debate over tolling I-77 continues to heat up. A loose confederation of toll opponents plans to stage a protest complete with signs starting at4:30 pm Friday. Widen I-77 issued this statement: “Widen I77.org supports the efforts of all citizens and groups fighting the plan to build toll lanes in the Lake Norman […]
Protests planned for Exit 28 bridge. Commissioner expects ‘public outcry and revolt’
April 27. It looks like a group of anti-toll activists will converge near the Exit 28 bridgeFriday evening to protest plans for tolls as a way to widen I-77 between Lake Norman and Charlotte. It is apparently being organized by people not directly associated with Widen I-77, but leaders of the well-known anti-toll group will participate. […]
Bond refi saves Cabarrus $8.9M
April 22. Cabarrus County has closed a refinancing of old debt that will save the county $8.95 million in gross debt service over the next 15 years. The County refunded a total of $119.2 million in outstanding bonds through a private placement with SunTrust Bank. As a result, Cabarrus was able to lower its average interest […]
Pepsi Bottling Ventures will build Cabarrus plant
April 22. Pepsi Bottling Ventures will invest build a $12.5 million, 200,000 square-foot sales and distribution facility on 32 acres off highway 49 in the Town of Harrisburg. The new operation will allow Pepsi Bottling Ventures to retain more than 200 current jobs and consolidate both the Charlotte and Midland location into a single facility. […]
Aquesta posts 15% first quarter gain
April 21. Aquesta Financial Holdings reported operating income for the first quarter of 2015 rose 15 percent to $501,000 compared to $428,000 for the first quarter of 2014. Total assets decreased slightly to $263.1 million at March 31, compared to $263.6 million at year-end. During that same period total loans grew to $173.9 million compared […]
With April’s issue, and luck, we’re 13 years old
April’s edition of Business Today marks our 13th anniversary covering small business in Lake Norman and Cabarrus County. We coined the term “Golden Crescent” to describe our market footprint—the motorsports region from Mooresville, Cornelius and Huntersville to Kannapolis and Concord. Here are 13 things I’ve learned since April of 2002: Lake Norman and Cabarrus are different. […]
Lynne Scott Safrit resigns
April 20. Lynne Scott Safrit has resigned as president of Castle & Cooke, the real estate company behind the North Carolina Research Campus. A 33-year veteran of the operation, she reported directly to billionaire David Murdock, the founder of Castle & Cooke and the owner of Dole Foods. There’s no word on her replacement or […]
New corporation filings remain on the upswing
By Dave Vieser. So how is the regional economic recovery doing? The number of new incorporations is climbing, but concerns remain that small business is running a distant second. “While it’s true that we’ve seen an increase in the number of incorporations and LLCs I’d call it stabilization rather than a full-blown recovery,” said Bob McIntosh […]
Newmakers Breakfast with Clark, Lennon April 22 at Peninsula Club
New Superintendent of Charlotte Mecklenburg Schools Ann Clark and Board Member Rhonda Lennon, a Cornelius resident, will speak at Business Today’s Newsmakers Breakfast Wednesday April 22 at The Peninsula Club. Ann Clark was named superintendent in January after former Superintendent Heath Morrison resigned following an investigation into complaints he bullied staff members. Clark has spent three decades rising through the […]
New assistant city manager for Concord
Lloyd Payne Jr. has been appointed Concord’s assistant city manager, a position that has been vacant since last summer. Payne comes to Concord from Elkin, where he became manager in 2005.
