Business
New Daumar plant will employ 40, cost $21 million
Aug. 29. Daumar Corp., a vertically integrated manufacturer of machinery and the consumables the machinery utilizes to make packaging for the fresh produce industry, will build its first plant in The Park – Huntersville. Daumar will invest $21 million during the first phase of construction. The 120,000 square-foot facility will bring 40 new jobs to […]
Alevo will cease operations in Concord
Aug. 18. Alevo, the battery manufacturing company, has filed bankruptcy, which means 290 people at its plant in Concord will lose their jobs. Alevo launched here with much fanfare in 2014 amidst a Hollywood-worthy setting at the old Philip Morris plant on Hwy. 29. The Swiss company offered an exciting vision for energy storage—and employment in […]
Amazonians coming to Kannapolis
Aug. 15. Amazon will build an $85 million distribution center in Kannapolis that will employ at least 600 full-time people. The online retailer will open its 1 million-square-foot center in 2019 on Macedonia Church Road, off N.C. 73 and Kannapolis Parkway, in 2019. The giant online retailer said in January that it wanted to hire 100,000 full-time workers […]
Grass-roots job service worked its way out of a job
Aug. 14. It looks like a buoyant economy—consumer confidence in June rose higher than expected—helped put a Lake Norman job resources group out of work. The board of Helping Others Help Themselves (HOHT) has decided there is no longer a need to continue operations. “The economy is back on its feet and we’ve run out of people […]
Meetings and conferences on the rise
By Katie Piccirillo Sherman. Whether it’s the decline in gas prices or the spike in air fare, local meetings and conferences are becoming the go-to venue, according to Meeting Planner International (MPI) and the Professional Conference Management Association (PCMA). Planners expect to organize 28 percent more meetings in 2017 with only 2 percent expecting to plan […]
Town-center style project straddles Cabarrus/Mecklenburg county line
By Kate Stevens. A new 180-acre mixed-use development featuring residential units, retail, office and medical space along with entertainment options in a village center-style layout is coming to Cabarrus County. It will take seven to 10 years to build out. The Farmington development, by Charlotte-based MPV Properties, will split the Cabarrus and Mecklenburg County […]
TrueLearn lands $50K grant from One North Carolina Fund
Aug. 9. TrueLearn LLC, which helps physicians achieve board certifications in various fields of medicine, will receive a $50,000 grant from the One North Carolina Fund to facilitate its move to Mooresville from Pittsburgh. Its new offices are near the Lake Norman Regional Medical Center. True Learn COO Jason Wandersee say the company contemplated the move for […]
Nominations for 13th Annual Top Women now open
Nominations for Business Today’s 13th Annual Top Women leadership awards are officially open. The prestigious awards honor the Golden Crescent’s most dynamic women in business, community service, education and politics. To be eligible for this awards program, women leaders should be based in Cabarrus County, Lake Norman or University City—a business region we started calling […]
Local tax rate just part of the eco-devo sales pitch
By Dave Vieser. With local tax rates set for the new fiscal year, will the lowest municipal rate help recruit the most new businesses? Not necessarily, say local economic development officials. “Municipal tax rates are, for sure, one of the factors in determining the cost of operations for businesses” said Russ Rogerson, executive director […]
FYI: Brawley back in the insurance business
Aug. 4. By Dave Yochum. Is there life after politics? There definitely is in the case of former NC Rep. Robert Brawley, a 2016 contender for the GOP gubernatorial primary. He lost to incumbent Pat McCrory who went down in a wave of anti-toll sentiment around Lake Norman in the general election. Brawley, 73, has launched […]
