Business
Pat Riley inducted into the Order of the Long Leaf Pine
Dec. 19. Pat Riley, CEO of Allen Tate Cos., has been inducted into the Order of the Long Leaf Pine, one of the highest civilian honors bestowed by the Governor of the State of North Carolina. The honor was presented at the Good Scout Award Luncheon held last week at the Le Meridien Hotel in […]
NC struggles more than most states in hiring, survey finds
Dec. 16. During the COVID-19 pandemic, millions of Americans lost their jobs and experienced financial difficulties due to unemployment. Now, lots of businesses are struggling to hire enough workers, which has sometimes led to delays in services and reduced business hours. The labor force participation rate is still below pre-pandemic levels, and is at one […]
Davidson restaurant team embark on new, joint venture
Dec. 16. Jennifer Brulé, owner/chef of Davidson Ice House, and Robert Maynard, CEO of Won Life Holdings and co-founder and CEO of Famous Toastery, are teaming up on a new venture—exactly what, they’re not saying. Davidson Ice House, the restaurant Brulé opened in 2018 at 416 S. Main St., Davidson, will temporarily close beginning Saturday, […]
Bailey Road start-up has 1,200 retail customers nationwide
ENTREPENEURS | By TL Bernthal Dec. 15. Friends who don’t eat meat miss the camaraderie of a shared meal when pulled pork barbecue is served at a party or celebration. And in the Carolinas, BBQ is served a lot. A solution? Barvecue. Barvecue is a plant-based smokehouse operation in Cornelius that opened a year ago […]
Two additions to Birkdale Village coming in 2023
Dec. 14. By TL Bernthal. A blowout salon and an eatery with upscale street food and a coastal vibe are coming to Birkdale Village next year. Drybar Shops will open its third location in Mecklenburg County and bartaco its third restaurant in the state. Husband-wife duo Matt and Jackie Paynter will open their blowout salon […]
NC ranks high in survey of state’s with best elder-abuse protections
Dec. 14. North Carolina is 2022’s state with the fourth best elder-abuse protections behind Wisconsin, Massachusetts and Ohio. New Jersey, South Carolina, Montana and Utah placed last in the WalletHub survey. With over 10% of Americans over age 60 suffering from elder abuse, and seniors especially vulnerable during this period of high inflation, the personal-finance […]
Albemarle Corp. to invest $200 million in technology park
Dec. 13. Albemarle Corp. plans to add 200 new jobs in a new $200 million state-of-the-art Albemarle Technology Park in University City. It will focus on the research and development of advanced materials, novel process development, and next-generation lithium products. Innovations from the new site will enhance lithium recovery, improve production methods, and introduce new […]
Hot Properties: Million-dollar deals
Dec. 13. Recent home sales over $1 million $2,650,000 Leah & Robert Ensor to Robert & Erin Hallmann, 16404 Pinwhenny Rd., Cornelius $2,550,000 Verum Aquilonem LLC to Donald & Pamela Blackley, 17031 Green Dolphin Ln., Cornelius $2,280,000 Jeffrey & Sharon Schmidt to Peter Ardolino, 18224 Peninsula Club Drive, Cornelius $1,950,000 Kristofar & Heather Foutch to […]
Consumers racking up record credit card debt
Dec. 12. Consumers started 2022 by paying down just $12.5 billion in new debt in the first quarter, adding a staggering $67.2 billion in new debt during the second quarter, a Q2 record, followed by an additional $39.6 billion in the third, a Q3 record. Mortgage balances—the largest component of household debt—climbed by $282 billion […]
Pasta maker will move US operations to Newton
Dec. 9. Pasta Piccinini, a manufacturer of pasta products, plans to move all its US operations from California to Newton. The Italian company will invest $6 million on acquisition, renovation of the facility and installation of pasta manufacturing machinery and equipment, creating at least 27 new jobs over 3 years. The new jobs, including sales […]
