Concord

This tag is associated with 11 posts

Fitch upgrades Concord bonds

March 30. Fitch Ratings has upgraded the City of Concord’s Issuer Default Rating (IDR) to AAA from AA+. The City’s limited obligation bond rating was also raised, from AA to AA+. Fitch said the city has demonstrated “strong budget management through the recent economic recovery.” Concord City Manager Brian Hiatt said the upgrades will save taxpayers’ money […]

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Downtown Concord continues to attract new retail business

By Joe Habina. As a new restaurant owner in downtown Concord, Jason Pressley has a taste for competing for stomachs with other establishments in the neighborhood. “In my opinion I would rather be in a cluster of really good restaurants,” said Pressley, the owner of The Grill at 11 Union. “You get people to come to […]

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Alevo is hiring as production ramps up

Dec. 5. By Marty Price. The skill sets are changing, but jobs in manufacturing will continue to grow, providing career paths for those willing to learn, says Scott Schotter, chief marketing and sustainability officer for Alevo in Concord. Indeed, the international battery maker is hiring 20 maintenance technicians in trade and salaried positions to keep the […]

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Concord ranks No. 9 in US for high-quality growth

Oct. 3. Experts might not agree on the best or the right recipe for rapid economic growth, but some cities have figured out the key ingredients and how to stir the pot just right to sustain long-term prosperity. Patterns emerge within those cities, allowing people to identify the contributing factors that perpetuate quality growth. Our very […]

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Are developers ready to invest in Concord?

By Marty Price. Small cities across the nation are trying to court private investors to revitalize their downtowns.  Kannapolis and Concord can be counted among the many municipalities that have recognized that private investment will build up their downtowns while increasing revenue through taxes. Kannapolis has started the process, with private developers ready to invest millions […]

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Decline of ‘Big Soda’ behind $355 million S&D acquisition

Aug. 4. UPDATED. By Dave Yochum. Cott Corp. is paying $355 million on a debt and cash free basis to acquire Concord-based S&D Coffee Inc., a mainstay of Cabarrus County business since 1927. The price tag is about six times “post synergy” Earnings Before Interest, Taxes, Depreciation and Amortization, otherwise known as EBITDA in corporate […]

Sunya Folayan poses for a portrait with some of her fiber art in her studio. Folayan lives “within walking distance” of the Clearwater Artist Studios. Photo by Marty Price

Concord art scene benefits from non-profit partnership with city

By Marty Price. When Noelle Rhodes Scott, president and CEO of the Cabarrus Arts Council first came to the CAC, there was a grand total of one employee—her.  Now she has a budget of $988,288 and eight employees including herself. Art was a billion-dollar industry in North Carolina in 2010. A new study gets under way […]

FlyRight moving into 40,000-square-foot spec facility in Concord

May 31. UPDATE. FlyRight Inc., a professional flight school, will move from the West Winds Business Park in Concord to a new 40,000 square foot facility in Concord Airport Business Park Phase II. The expansion, in a spec project that was developed by The Silverman Group, will add 10 new jobs. President Matt Hapgood said FlyRight plans […]

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Concord a ‘best place to live’ according to new study

May 27. An online real estate portal called RentApplication.com has ranked the 50 best places to live in North Carolina, with one in the Golden Crescent, Concord, making the Top 5. Chapel Hill, Boone, Lincolnton, Hickory, Concord, are the top five. The high ranking for Concord doesn’t come out of the clear blue. Concord was […]

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Craft brewing has come to Concord

By Marty Price. The craft beer industry, with breweries large and small operating in most of the major cities across the nation, has started another trend.  Smaller towns and municipalities are changing their zoning laws to encourage them. Concord became one of the most recent when they made a text amendment to their Unified Development Ordinance […]

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