This category contains 496 posts

Alevo investing $251 million, adding 200 jobs

Feb. 28. Alevo will spend $251 million on new production lines and equipment at its battery manufacturing facility in Concord, creating 200 jobs. Salaries will average $56,327. Cabarrus County’s overall average wage is currently $37,808 per year. The Cabarrus County Board of Commissioners and Concord City Council approved two 5-year, performance-based tax incentives totaling $4,291,596 for the City of […]


Black entrepreneurs must work harder

By Karen Lawrence, Founder, It’s My Affair. Being a black woman entrepreneur means being committed to your business, taking risk, owning the decision, failing sometimes and getting back up.  It’s no different than any other entrepreneur.  However, there are a few exceptions—competing to get business certifications that used to be strictly for minorities, but no longer; finding […]


Traffic took off in 2016 at Concord Regional Airport

Traffic at Concord Regional Airport climbed steeply in 2016, with 185,000 commercial passengers in 2016, an increase of  63.7 percent from 2015. The growth, of course, was facilitated by the new Commercial Service Terminal and parking deck, which opened in October, not to mention Allegiant Air. There are now 76 monthly departures, up from 40 […]


Olde Mecklenburg Brewery taps into Cornelius, LKN

Feb. 20. Updated 2 pm  It looks like Olde Mecklenburg Brewery will put a significant operation on an industrial site on Zion Avenue formerly owned by MacLean Curtis, the industrial manufacturer which moved to Mooresville. It’s a nice economic-development win for Cornelius, the downtown area in particular. Town officials have maintained a code of silence around […]


Diversity happens when you include. Inclusion requires a conscientious effort

By Dave Yochum. Chris Hailey, who ran for Mecklenburg County Sheriff as a Republican in 2010 and 2014, is black, but chairing the Diversity Council has been an eye-opener for him. “When I became chairman of the diversity council, it educated me to the point where I was not as conservative as I used to be. […]


Oerlikon will bring 93 jobs to Huntersville

Feb. 6. Global technology group Oerlikon will invest $62 million in a new plant in The Park in Huntersville. It will create 93 new jobs during the next five years. “We are excited to have another well-established International manufacturing company located in Huntersville. Huntesville’s reputation for being business friendly, having a great quality of life […]


Rising interest rates will have less impact on luxury market

Competition for homes has driven Charlotte area median home prices up from less than $180,000 three years ago to something north of $210,000 depending on where you are. Meanwhile, interest rates are climbing. Pat Riley, CEO of Allen Tate, says mortgage rates could climb another two points in the next couple of years. Thirty-year fixed […]

Ideal 1.23.16

Ideal Health plans to lease 500 square feet at NCRC

  Jan. 30. Ideal Health Biotechnology, which has an antioxidant spray made from grape seed extract available in China, will take 500 square feet of space in the North Carolina Research Campus.  Ideal Health, which is a unit of Ideal Shanghai, is leasing office space on the third floor of the David H. Murdock Core Laboratory […]


Iredell County: Ready to work

  Jan. 29. Iredell County is now a North Carolina Works Certified Work Ready Community, a collaborative effort between workforce development partners at the local and state level. The program is aimed at leveraging data and analysis tools to continue economic growth. The North Carolina Chamber Foundation serves as the final certifying body to designate a Work Ready Community. […]

2016 net rose 32% at blueharbor

Jan. 27. Mooresville-based blueharbor bank reported net income of $383,632, or $0.13 per diluted share, for the fourth quarter of 2016, compared to $261,213, or $0.09 per diluted share, for the same quarter in 2015. For the year ended Dec. 31, 2016, the bank reported net income of $1,227,567, or $0.41 per diluted share, compared […]

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