Business

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Pic 1 2018 Cashion

Bill Cain is LKN ‘Citizen of the Year’

  William H. Cain, president and CEO of Cornelius-based Financial Independence Group, was named Business Person of the Year at the Lake Norman Chamber of Commerce annual dinner on Friday night at The Peninsula Club. Cain, who is celebrating his 41st year in the financial and insurance industry, employs 146 people, recognized his wife Ericka […]

Sexual harassment topic of Newsmakers Breakfast Jan. 25

An important topic in the news—sexual harassment in the workplace—will be the center of discussion at a Newsmakers Breakfast Jan. 25 at The Peninsula Club.​ A human resources consultant, a labor attorney and a non-profit executive will discuss and answer questions regarding an issue that has transformed the world of morning TV news, politics and […]

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Rusty Knox: People friendly with business background

By Kate Stevens. The future of Davidson lies in collaboration and team work with other north Mecklenburg towns and the city of Charlotte, said Mayor Rusty Knox on Dec. 14 just two days after he was sworn in as Davidson’s new leader. “Regionalism is going to be very important for how our area survives and […]

Workers line Marigold Place in the Blume subdivision in Harrisburg, NC.  150 homes have been built since construction began in 2013.  With 297 lots planned multiple homes are under construction with lots selling quickly. Photo by Marty Price

Allen Tate CEO says in-migration will support price appreciation; no bubble forecast

Jan. 5. By Dave Yochum. Pat Riley, president and CEO of Allen Tate Cos., says ongoing in-migration will continue to support home price appreciation in and around Lake Norman and Cabarrus in 2018. “In-migration, on top of a limited supply of homes under $400,000, puts additional pressure on appreciation,” he said. The dean of residential […]

Foundry Commercial plans industrial park in Huntersville

Dec. 26. Foundry Commercial has purchased 48 acres in the Bryton Town Center project where it will build a six-building, 700,000 square-foot light industrial complex. Construction on the first phase of the project, a joint venture with the global investment management business of Prudential Financial, will begin in early 2018. Located off Hambright Road in […]

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Tax reform means bonuses for Aquesta staff

Dec. 22. Tax reform will enable Cornelius-based Aquesta Financial Holdings to give a $1,000 bonus to all employees in January, according to CEO Jim Engel. Aquesta Financial is the parent  of Aquesta Bank and Aquesta Insurance. “Decreased tax rates will allow Aquesta Bank to continue to grow by accelerating lending to small businesses and hiring […]

German manufacturer will invest $23.6M in Mooresville plant

Dec. 22. Tristone Flowtech USA Inc., a subsidiary of a German supplier of fluid applications in the area of motor and battery cooling as well as air charge and air intake systems for the automotive industry, will locate its first manufacturing facility in the United States in Iredell County, creating 302 jobs. The company will […]

Manufacturers bubbling with optimism as tax reform looks more like a ‘go’

Dec. 18. Things are looking up for 7,800 manufacturers in North Carolina. The National Association of Manufacturers says manufacturers’ optimism has risen to “unprecedented heights” amid the legislative progress made on tax reform. Nearly 95 percent of respondents said they are positive about their own company’s outlook. In fact, the optimism quotient is the highest […]

$38 million Corning Optical HQ under way in Riverbend

Beacon Partners has begun construction on Corning’s optical headquarters in Riverbend Village near Hwy. 16 and 485. The $38 million project will house some 650 employees who work in Corning’s largest business. The New York-based manufacturing giant is adding 410 jobs in Cabarrus and Catawba counties. It already employs more than 3,000 people at five […]

Traffic on I-77 near Exit 30 at Davidson.

Toll lane advisors will look at I-77 options, including ‘complete and delete’

By Dave Vieser and Dave Yochum. Just when it seemed as if the state has hemmed and hawed as much as it can on the I-77 toll lane debacle, the NCDOT is putting together a new advisory group “to learn the advantages, disadvantages, costs and timelines” of the options presented this fall by Mercator Advisors, […]

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