Business
Economic development hosts non-profit networking lunch
April 29. Lake Norman Economic Development (LNED) will hold a non-profit expo, “Connecting Our Communities,” May 14 at the Redline Facilities located at Birkdale Point. The event is designed to foster collaboration and engagement between local non-profits, businesses and community members. There will be food trucks on-site. Details Date: May 14 Time: 11 am to […]
United Bankshares first-quarter earnings
April 26. United Bankshares first quarter earnings of this year were $86.8 million, down from $98.3 million during the same period last year. The first quarter of 2024 included $1.8 million of non-interest expense for the Federal Deposit Insurance Corp.’s special assessment levied on banking organizations stemming from revised loss estimates to the deposit insurance […]
‘Upscale, casual Italian’ coming to Birkdale Village
April 24. Apparently delighted with Birkdale Village, The Cheesecake Factory Inc. will open North Italia in the former Fox & Hound space in Birkdale later this year. Fox & Hound had a two-decade run in Birkdale Village. North Italia will take over the 7,400 square foot space and turn a “modern lens on Italian cooking […]
Charlotte ranks third among best cities to start a business
April 23. According to a new report from WalletHub on 2024’s Best Large Cities to Start a Business, Charlotte was No. 3 nationwide, ahead of bustling cities like Miami (No. 5), Atlanta (No. 6) and Raleigh (No. 11). WalletHub compared 100 cities across 19 key indicators of startup viability, including five-year business-survival rate, labor costs […]
Analysis: Why jobs are increasing
April 22. By Mike Walden. The American job market just seems to keep rolling on. The recently released March labor market report showing 300,000 net additional jobs in the country was significantly above economists’ expectations. Employers seem to be ignoring concerns about high interest rates, continuing inflation, recession, foreign wars and domestic political uncertainty, and […]
NC jobless rate was 3.5% in March
April 22. The NC Dept. of Commerce says North Carolina’s seasonally adjusted unemployment rate in March was 3.5 percent, unchanged from February’s revised rate. The national rate decreased 0.1 of a percentage point to 3.8 percent. However, the state’s unemployment rate increased 0.2 of a percentage point from a year ago. The number of people […]
Mecklenburg New Corporations
April 19. These businesses have registered with the North Carolina Secretary of State. Cornelius 2/16/24 Brocx LLC, Julie Lyn Goss, 20552 Harbor View Dr., Cornelius 2/16/24 Cold Pepper Construction LLC, United States Corporation Agents Inc., 19215 Chandlers Landing Dr. Apt. 307, Cornelius 2/17/24 MMM Enterprises LLC, Shannon Mary Monaghan, 18732 Ronceverte Dr., Cornelius 2/20/24 Don’t […]
NC among best for number of accounts in collection
April 16. Good news for creditors: North Carolina ranks 46th among all 50 states by number of accounts in collection. This, according to a new WalletHub study. —Average number of collection accounts per resident in collections: 2.53 —Average balance per collection account: $1,261.77 Wyoming is the state with the most collection accounts, with an average […]
FUJIFILM Diosynth Biotechnologies expansion means 680 new jobs
April 14. FUJIFILM Diosynth Biotechnologies North Carolina will invest $1.2 biillion in its biopharmaceutical manufacturing facility in Holly Springs. It means 680 jobs for Wake County, and, over the course of the next12 years, $4.7 billion for the state economy. FUJIFILM Diosynth Biotechnologies, a subsidiary of Tokyo-based FUJIFILM, develops life-saving products, such as recombinant proteins, […]
New family owned business opening in Cornelius
April 12. Jason Benavides. In 2018 a Denver, NC family moved their homemade acai bowls operation into a 6-foot by 6-foot trailer and Palm Berries was born. With locations in Denver and Mooresville, Palm Berries will host the Cornelius grand opening this Saturday, April 13, from noon to 6 pm. Be one of the first […]
