Business
Local investment firm affiliates with &Partners
Feb. 7. A group of investment advisors and staff has left Wells Fargo Advisors in Davidson to launch a fully independent practice. Chris Davis, the founder of Davidson Wealth Management, says the practice plans to move into a new mixed-use project at 480 S. Main being built by Lake Forest Church. When completed late this […]
Downtown Mooresville to host 2025 NC Main Street conference
Feb. 6. Downtown Mooresville will host the 2025 North Carolina Main Street Conference. The three-day conference—March 11-13—is organized by the NC Department of Commerce and the NC Main Street and Rural Planning Center. It is the largest statewide downtown revitalization conference in the country. Mooresville joined the NC Main Street effort in 1988. Since the […]
Newsmakers Breakfast Feb. 21 focuses on local development
Feb. 4. The Newsmakers Breakfast Feb.21 at The Peninsula Club will center on the state of local development, with developers pitted against residents and residents—and local governments—up against outdated rules about impact fees. Three speakers will be part of the audience-driven Q&A session over breakfast at The Peninsula Club starting at 7:30 am. Robby Carney: […]
Consumer debt: NC is 2nd best in terms of accounts in collection
Jan. 30. According to a WalletHub report, North Carolina scored second-best in a nationwide study based on the number of accounts that have gone into collection. Mississippi was in the best shape, debt-wise, while Wyoming was the worst. A collection account is a debt that has gone unpaid for such a long period of time […]
NC jobless rate climbs slightly from one year ago
Jan. 28. The state’s seasonally adjusted December 2024 unemployment rate was 3.7 percent, unchanged from November’s revised rate. The national rate decreased 0.1 of a percentage point to 4.1 percent. North Carolina’s unemployment rate increased 0.1 of a percentage point from a year ago. The number of people employed increased 1,224 over the month to […]
United Bankshares results
Jan. 28. United Bankshares, which has branches in Mooresville and Denver, reported earnings for the fourth quarter of 2024 of $94.4 million, or $0.69 per diluted share. Fourth quarter of 2024 results produced annualized returns on average assets, average equity, and average tangible equity, a non-GAAP measure, of 1.25%, 7.48%, and 12.03%, respectively. Earnings for the […]
Business commentary: What’s happening with NC manufacturing?
Jan. 27. By Mike Walden [Commentary] Manufacturing has a special place in our economy and is something people can easily relate to. The output of manufacturing companies, spanning a variety of items from vehicles to clothing to chairs, are things people can directly see, touch, feel and use. Background Manufacturing also has an important place […]
Affordable home prices boost net in-migration to Carolinas
Jan. 24. A southern migration has been steadily unfolding across the US—driven by the search for more relaxed housing markets—and the Carolinas are the beneficiaries—depending on your point of view. In 2023, 46 percent of net interstate migration flowed into the South, with another 25 percent heading west, according to StorageCafe’s new migration study based […]
Economic development: 2024 was a good year
Jan. 22. The State of North Carolina announced 16,956 new jobs last year, representing 218 business recruitment projects. The NC Department of Commerce says they’re worth $15.2 billion in new capital investment. The 2024 performance tops 2023’s announcements of 14,114 jobs and $12.9 billion of capital investment. The North Carolina Department of Commerce serves as […]
Hot Properties: Million-dollar deals
Jan. 17. Recent home sales in excess of $1 million. $1,485,000 Daniel & Donna Ebbing to Jaclyn & David Hartzell Jr., 207 Lorimer Rd., Davidson $1,425,000 Betty & James Brown to James & Joy Gariepy, 18807 Pentwater Ct., Cornelius $1,286,000 Daniele Parise & Susan Yanik to Keith Bowen & Laura Zevat, 18631 Town Harbor Rd., […]
