Business
NC among best for number of accounts in collection
April 16. Good news for creditors: North Carolina ranks 46th among all 50 states by number of accounts in collection. This, according to a new WalletHub study. —Average number of collection accounts per resident in collections: 2.53 —Average balance per collection account: $1,261.77 Wyoming is the state with the most collection accounts, with an average […]
FUJIFILM Diosynth Biotechnologies expansion means 680 new jobs
April 14. FUJIFILM Diosynth Biotechnologies North Carolina will invest $1.2 biillion in its biopharmaceutical manufacturing facility in Holly Springs. It means 680 jobs for Wake County, and, over the course of the next12 years, $4.7 billion for the state economy. FUJIFILM Diosynth Biotechnologies, a subsidiary of Tokyo-based FUJIFILM, develops life-saving products, such as recombinant proteins, […]
New family owned business opening in Cornelius
April 12. Jason Benavides. In 2018 a Denver, NC family moved their homemade acai bowls operation into a 6-foot by 6-foot trailer and Palm Berries was born. With locations in Denver and Mooresville, Palm Berries will host the Cornelius grand opening this Saturday, April 13, from noon to 6 pm. Be one of the first […]
Hot Properties: Million-dollar deals
April 9. Recent home sales in excess of $1 million. $3,750,000 William & Judy Wahl to Bart & Gina McGowan, 18147 Peninsula Cove Lane, Cornelius $1,750,000 Kimberly & William Yingst III to Miron & Anne Marcotte, 13520 Evening Primrose Drive, Davidson $1,690,000 Alice Garrick to Patrick & Britney Gove, 18801 Maplecroft Lake Lane, Davidson $1,640,000 […]
WalletHub says NC jobless claims fell nearly 16% last week
April 5. The unemployment situation in North Carolina is improving, with last week’s jobless claims 15.69 percent lower than the previous week and 22.50 percent lower than last year, according to WalletHub’s new report on state-by-state report on where unemployment claims are increasing the most. Unemployment-wise North Carolina came in 46th out of 50 states, […]
Entrepreneur/motorcyclist launches dealership in Statesville
April 5. Westside Twins Motorcycle Co. will hold a grand opening April 13 at its new Statesville location. The business was launched by Janette Thornley and her partners, Buddy Foss and Clyde Eller. Thornley is a four-time national pro-fuel champion and a lifelong motorcycle enthusiast. “All things motorcycle is the best way to describe us,” […]
Mecklenburg County jobless rate slightly higher in February
April 4. The Mecklenburg County unemployment rate was 3.8 percent in February, up slightly from the previous month (3.6 percent) and from one year ago (3.7 percent). According to the NC Dept. of Commerce, Mecklenburg ranked No. 55 among 100 counties in terms of unemployment. Unemployment rates (not seasonally adjusted) increased in 50 of North […]
LKN Chamber recognizes business leaders
March 26. Joel Olsen with O2 Group Ventures was named the Business Person of the Year at the Lake Norman Chamber of Commerce Annual Meeting last week. Olsen is the CEO of O2 Group Ventures which focuses on profitable ventures in sustainability. Joel and his wife Tonje also operate several other businesses including Sun Raised […]
Gender diversity on corporate boards improves the bottom line
March 25. Women are underrepresented among the board of directors of the 50 largest publicly traded companies in North Carolina, according to research conducted by the University of North Carolina’s School of Law Director Diversity Initiative. Despite making up 51 percent of the total North Carolina population, women only represent 26.4 percent of board members […]
Can home ownership be made more affordable?
March 25. By Mike Walden. Traditionally, one of the ways to accumulate wealth was to buy a home. Indeed, owning a home was part of the “American Dream” of getting ahead economically. Sure, it might take a young household a few years to accumulate enough for a down payment, but once that was accomplished and […]
