Cabarrus

This tag is associated with 69 posts

New plant could have up to $10 million annual payroll

May 10. Max Solutions, founded in November 2021, will invest more than $27 million in a manufacturing facility in Concord, creating 150 new jobs. Max’s new 150,000-square-foot plant will produce custom folding cartons, labels, and inserts for the health care and consumer industries, with sustainability in mind as well as meeting the market demands in […]

Photo: Visit Cabarrus

Downtown Concord makes HGTV ‘most charming’ list

Feb. 23. Downtown Concord made HGTV’s list of the “30 Most Charming Small-Town Downtowns” in the United States. The popular home improvement and real estate TV network looked for small-town downtowns with charm, history and nostalgia. Concord was the only city in North Carolina to make the list. Other downtowns Coming in first was Athens, […]

The Eli Lilly site in Concord

Concord lands $900 million Eli Lilly plant

Jan. 28. Eli Lilly will invest more than $900 million and create nearly 600 jobs at a new plant at The Grounds at Concord, the site of the former Philip Morris plant. It is one of the largest economic development announcements in the history of Cabarrus County. Lilly’s facility, in the same sprawling complex as […]

Cabarrus sets aside $5 million for small business COVID relief

Sept. 21. Cabarrus County is dedicating up to $5 million in American Rescue Plan Coronavirus State and Local Fiscal Recovery Funds to help small businesses deal with COVID-19. Small business owners in the county have until Oct. 15 to apply for one-time funding through the Cabarrus Recovery Grant – Small Business Support Program. Qualifying expenses […]

Cabarrus County Fair

Cabarrus cancels county fair due to COVID spread, low vaccine rates

Sept. 2. For only the second time in 68 years, the Cabarrus County Fair, scheduled for Sept. 10-18, has been cancelled. County officials blame low vaccination rates and community spread of COVID-19. The decision was made in concert with public health and emergency management officials. Up to 80,000 people attend the fair over a nine-day […]

Ball Corp. bringing 220 new jobs to Cabarrus

July 28. Ball Corp. will create 220 new jobs when it invests $383.8 million in a new facility at The Grounds at Concord, the site of the former Philip Morris plant. Ball will join Red Bull and Rauch in what will become a beverage manufacturing hub in Cabarrus. Ball will manufacture aluminum cans for Red […]

Red Bull, Rauch partnering on 2 million square foot plant in Concord

July 13. Red Bull and filling company Rauch will partner to build a new beverage manufacturing, filling and distribution center in Cabarrus County, creating more than 400 new jobs. The two companies will invest more than $740 million in Concord by 2027. The companies will develop a state-of-the-art campus for beverage manufacturing, can filling and […]

Uwharrie upgrades to OTCQX Best Market

March 16. Shares in Uwharrie Capital, holding company for Uwharrie Bank, began trading today on OTC Markets Group’s OTCQX® Best Market. The company qualified to trade on the OTCQX and upgraded from the Pink market. OTC Markets Group operates financial markets for approximately 11,000 U.S. and global securities. Uwharrie Bank is a community banking organization […]

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Big crane will affect Church St. traffic in Concord next week

Nov. 12. Crews will install a 135-foot crane for construction of the new Cabarrus County Courthouse in downtown Concord. Flaggers will direct traffic along the 50 block of Church Street S from Nov. 16 to Nov. 19 while crews transport and position the crane. Construction on the 250,000 square foot Courthouse project began earlier this […]

Uwharrie Q3 net up 65%

Oct. 22. Uwharrie Capital Corp third-quarter net income rose 65 percent to $1.6 million compared to the same quarter in 2019. Net income available to common shareholders during the third quarter was $1.4 million or $0.20 per share compared to $826,000 or $0.11 per share for the same quarter in 2019, an increase of 80 […]