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Alcohol: Raise glass for NC business

By Erica Batten. With a growing population and a business climate that is increasingly favorable to beer, wine and distilled spirits production, North Carolina, once known worldwide as a center for tobacco production, may have found a new ​economic ​drug of choice. And like the large, leafy plant that once dominated the state’s economy, the ​alcohol​ […]

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Growth takes a highway here

By Kate Stevens. If you thought the roads seem more crowded or that new neighborhoods are sprouting up faster than ever, you’re right. Two studies released this spring have shown the Charlotte metro area is one of the most popular destinations for interstate relocations. Between 2010-16, four counties in the Charlotte metro area—Mecklenburg and Cabarrus […]

Newsmakers Sticky

Newsmakers Breakfast: How SC is going after our freight

Mecklenburg County Commissioner Jim Puckett and former Lake Norman Chamber Chairman John Hettwer will be in the hot seat(s) at Business Today Newsmakers Breakfast May 17 at The Peninsula Club. The topic during the audience-driven question and answer session is South Carolina’s growing advantage in interstate commerce. Both men are active in the anti-toll leadership, […]

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Growing tech segment means work at home, sharing space

By Beth McLaughlin. Jobs in the tech industry grew 6​ percent in North Carolina in 2016, according to the Computing Technology Industry Association, CompTIA. “A 6 percent job growth means North Carolina added over 11,000 jobs last year,” said Steve Ostrowski, spokesman for CompTIA. “That’s the second highest percentage growth rate in the country for 2016, […]

Uwharrie annual meeting is May 9

Uwharrie Capital Corp, parent company of Uwharrie Bank and Uwharrie Investment Advisors, will hold its annual meeting  Tuesday, May 9 at the Stanly County Agri-Civic Center in Albemarle. Dinner and fellowship will begin at 4:30 p.m. Shareholders are invited to the business meeting at 6 p.m. which will include the election of directors to the Uwharrie Capital […]

blueharbor reports net rose 27%

April 20. Mooresville-based blueharbor bank reported net income of $353,906, or $0.12 per diluted share, for the first quarter of 2017, compared to $278,507, or $0.09 per diluted share, for the first quarter of 2016. Jim Marshall, president and CEO, said first-quarter earnings increased thanks to a larger balance sheet in 2017. “The primary driver of our increased […]

Aquesta’s first quarter up 25 percent

April 20. Aquesta Financial Holdings reported net income for the first quarter of 2017 rose 25 percent to $460,000 compared to the first quarter of 2016.  Loans grew at a 6.4 percent annualized rate, while core deposit grew at the rate of 14.1 percent a year. “I’m very pleased with our 25- percent year over year growth in earnings along with […]

Palziv, a plastics manufacturer, expands in Louisburg

April 10. Palziv North America, an internationally recognized manufacturer of polyethylene foams will add 40 jobs, thanks to a $5.2 millionexpansion in Louisburg in Franklin County. Palziv North America is a wholly owned subsidary of Israeli-based Palziv Ltd. It makes cross-linked, closed-cell polyethylene foams in rolls, blocks or semi-processed customized products. North Carolina Commerce Secretary Anthony M. Copeland […]

SouthCorr expands in Asheboro

April 7. SouthCorr, a corrugated packaging material manufacturer, will invest $6.7 million in its plant in Asheboro, creating 22 new jobs.  A performance-based grant of $50,000 from the One North Carolina Fund will help facilitate the expansion, Gov. Roy Cooper said.  “North Carolina leads the southeast in manufacturing. The state’s strong commitment to workforce training guarantees we can provide the […]

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Novant revenue tops $4 billion

April 6. Novant Health reported net income of $412.8 million on operating revenue of $4.34 billion for the full year last year. The not-for-profit health system also reported a community benefit of $725.5 million, including $122 million of financial assistance to the uninsured and people in need. In 2015 operating income was $258.4 million. Fiscal year 2016, […]

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