Business
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 […]
Orbus’ new $25 million plant in Huntersville means 100 new jobs
March 22. Orbus Visual Communications is opening a new $25 million manufacturing facility in Huntersville that will create 100 new jobs, in addition to the 86 jobs moving from Charlotte. Orbus is the nation’s largest producer of visual communications solutions for trade shows, retail environments and workplace interiors. Orbus, which acquired SEG Systems in 2022 […]
NC most expensive state for healthcare, according to Forbes Advisor study
March 21. North Carolina is the most expensive state for healthcare, with the highest average premium for residents with “plus-one” health insurance coverage through an employer—$4,781 annually—according to a Forbes Advisor nationwide study. We also have the second-highest average premium for family health insurance coverage through an employer at $7,180.33 annually. Six of the 10 […]
Hot Properties: Million-dollar deals
March 19. Recent home sales in excess of $1 million, this one, in Robbins Park $1,510,000 John & Deborah Foote to Ryan & Sara Wheelan, 8523 Preserve Pond Rd., Cornelius
Rare Roots Hospitality bringing Dogwood back to Charlotte
March 18. Rare Roots Hospitality, owned by Kim & Jon Dressler of Dressler’s fame, will reopen Dogwood: A Southern Table in the newly renovated Westin Charlotte later this year. Located in Ashley Square in SouthPark from 2014 to 2023, Dogwood was known for its modern approach to Southern classics, seasonal produce, an inventive cocktail menu […]
