Business
Foundry Commercial plans industrial park in Huntersville
Dec. 26. Foundry Commercial has purchased 48 acres in the Bryton Town Center project where it will build a six-building, 700,000 square-foot light industrial complex. Construction on the first phase of the project, a joint venture with the global investment management business of Prudential Financial, will begin in early 2018. Located off Hambright Road in […]
Tax reform means bonuses for Aquesta staff
Dec. 22. Tax reform will enable Cornelius-based Aquesta Financial Holdings to give a $1,000 bonus to all employees in January, according to CEO Jim Engel. Aquesta Financial is the parent of Aquesta Bank and Aquesta Insurance. “Decreased tax rates will allow Aquesta Bank to continue to grow by accelerating lending to small businesses and hiring […]
German manufacturer will invest $23.6M in Mooresville plant
Dec. 22. Tristone Flowtech USA Inc., a subsidiary of a German supplier of fluid applications in the area of motor and battery cooling as well as air charge and air intake systems for the automotive industry, will locate its first manufacturing facility in the United States in Iredell County, creating 302 jobs. The company will […]
Manufacturers bubbling with optimism as tax reform looks more like a ‘go’
Dec. 18. Things are looking up for 7,800 manufacturers in North Carolina. The National Association of Manufacturers says manufacturers’ optimism has risen to “unprecedented heights” amid the legislative progress made on tax reform. Nearly 95 percent of respondents said they are positive about their own company’s outlook. In fact, the optimism quotient is the highest […]
$38 million Corning Optical HQ under way in Riverbend
Beacon Partners has begun construction on Corning’s optical headquarters in Riverbend Village near Hwy. 16 and 485. The $38 million project will house some 650 employees who work in Corning’s largest business. The New York-based manufacturing giant is adding 410 jobs in Cabarrus and Catawba counties. It already employs more than 3,000 people at five […]
Toll lane advisors will look at I-77 options, including ‘complete and delete’
By Dave Vieser and Dave Yochum. Just when it seemed as if the state has hemmed and hawed as much as it can on the I-77 toll lane debacle, the NCDOT is putting together a new advisory group “to learn the advantages, disadvantages, costs and timelines” of the options presented this fall by Mercator Advisors, […]
Record number of businesses have changed hands during 2017
By Dave Vieser. With the economy sizzling, a record number of businesses changed hands nationwide during the third quarter of 2017. According to BizBuySell’s 2017 Insight Report, 2,589 businesses had changed hands, a 24 percent increase from the same quarter last year. This puts the number of year to-date transactions at 7,491, positioning 2017 to be […]
Rusty Knox: Newsmaker speaker Dec. 14 at The Peninsula Club
The newly sworn in Davidson Mayor Rusty Knox will be the Newsmakers Breakfast speaker Dec. 14 at The Peninsula Club. A Realtor, singer and the son of former Mayor Russell Knox, he defeated John Woods in the November election. Fast growth, transparency in government and social media played major roles in the intense debate leading […]
The business of local airports is taking off
By Kate Stevens. Expansion and improvement projects are on the horizon at both Concord and Statesville regional airports due to the increasing number of passengers and services offered at both locations. In December, bids will go out for Statesville Regional’s $8 million construction of a parallel taxiway south of the airport’s existing runway, said John […]
Novant Health Huntersville will increase bed count 50%
Dec. 4. By Dave Yochum. Fast growth around Lake Norman is one of the driving forces behind Novant Health Huntersville Medical Center adding 50,000 square feet and 48 new patient beds to the 13-year-old community hospital. The $50 million expansion, which includes a 20,000 square foot renovation, will transform the facility into a 139-bed […]
