Business
NC unemployment rate remains lower than national
Sept. 6. North Carolina’s jobs picture is bright, with last week’s claims almost 7 percent lower than in the previous week and 17 percent lower than last year. Twenty-seven states and the District of Columbia had unemployment claims last week that were worse than the same week last year. The state’s seasonally adjusted July 2024 […]
What will AI mean for North Carolina jobs?
Aug. 27. [Opinion] By Mike Walden. AI — short for “artificial intelligence”— is the technology wiz of the moment. One-third of businesses are now using AI, with the number expected to rapidly climb. AI programs can now be accessed online, with mobile phone versions to follow. Within a decade, almost everything will have been touched […]
Newsmakers Breakfast Sept. 24 features residential real estate leaders
Aug. 23. The Newsmakers Breakfast Sept. 24 at The Peninsula Club will feature two leaders in residential real estate as the business faces free-market commission changes, lower interest rates and potentially, lower home prices. The speakers are: —Champ Claris, managing broker at Premier Sotheby’s International in Lake Norman —Gary Scott, president of Allen Tate Companies […]
Historic estate on the market for $3.5 million
Aug. 22. An estate that hearkens back to North Carolina’s agrarian past is on the market for $3.5 million. Whispering Waters Estate comprises 8 acres, with 1,500 feet of river frontage along the Watauga River in Boone. Today it is a popular wedding and event venue. History Shull’s Mill began around 1835 as a gristmill […]
Mecklenburg County scores big in tourism spending statewide
Aug. 21. North Carolina visitor spending broke records in 2023, according to data released by the NC Department of Commerce. Travel spending statewide rose 6.9 percent to $35.6 billion in 2023 to set a record in visitor spending. That growth followed a record-breaking increase of 15 percent in 2022. Direct tourism employment also increased statewide […]
Jamestown to acquire the Atlanta-based subsidiary of North American Properties that owns Birkdale Village
Aug. 14. Jamestown, a global, design-focused real estate investment and management firm with $11.7 billion in assets, will acquire the Atlanta subsidiary of North American Properties (NAP), a family-owned real estate company founded by William J. Williams, Sr. in 1954. The Atlanta subsidiary, which has $2 billion in assets under management, owns Birkdale Village in […]
Hot Properties: Million-dollar deals
Aug. 14. Recent home sales in excess of $1 million. $2,995,000 Linda Lowrey to Broday & Susan Smith, 17709 Spinnakers Reach Dr., Cornelius $2,400,000 Benjamin & Heather Riddle to Jenifer Dunn, 735 Davidson Run Ln., Davidson $2,000,000 Nang & Luu Ta to Matthew Clatworthy & Jennifer Wilson, 18914 Halyard Pointe Ln., Cornelius $1,780,000 Doug & […]
Mecklenburg New Corporations
Aug. 13. These businesses have registered with the North Carolina Secretary of State. Cornelius 6/18/24 Electron Moves LLC, C. Christopher Clark, 9624 Bailey Rd. Ste. 290, Cornelius 6/18/24 Local Solar Action, Khiminyah Chavies, 19215 Chandlers Landing Dr. Apt. 202, Cornelius 6/21/24 Historical News Journals Inc., Chip Dolfi, 18883 Vineyard Pointe Ln., Cornelius 6/24/24 Grupo Revo […]
Charlotte, 5 towns draft legislation for sale tax increase that would fund transit
Aug. 12. Mecklenburg County, the City of Charlotte, and all but one of the towns within Mecklenburg County are moving toward draft legislation for a countywide referendum on a 1 percent local sales tax that would fund transit projects like the Red Line. The draft legislation would also establish a regional transit authority. Matthews is […]
County Manager Diorio will retire next year
Aug. 8. Mecklenburg County Manager Dena R. Diorio will retire effective July 1, 2025. A groundbreaker when she was hired as Mecklenburg County’s first female County Manager in 2013, she started in 2007 as CFO, steering the county through the economic crisis of 2008. She helped maintain the much-coveted AAA bond rating, which was transformational […]
