Business
Where high-earning households are moving
July 31. When high earners move, they take their money with them. And because their budgets are much larger than most of the population, they can have an outsized effect on the local economy. Thus, states that attract high-earning households can gain an economic advantage over others. Many factors could drive high earners to move […]
New Allen Tate program aims to make homeownership more affordable, accessible
July 31. Allen Tate Realtors has launched “Buy & Borrow Bundle,” a program designed to offer significant savings and convenience for homebuyers. Buy & Borrow Bundle combines mortgage and real estate services, providing a seamless and cost-effective home buying experience that makes homeownership more affordable. Homebuyers who sign an Exclusive Buyer Agency agreement with Allen […]
Events of note: Cornelius music school celebrates 10 years in August
July 29. Learn Music, a Cornelius-based music instruction school, is observing its 10th anniversary in August. Founded by Cornelius native Adam Wilson, the studio has taught over 2000 students of all ages, supported over 75 music students through their partnership with the Cain Center, hosted over 60 recitals, and organized 31 concerts for their student […]
Hire Ed: Lowe’s Foundation announces grant for skilled trades education
July 29. Central Piedmont Community College received a $1 million grant from the Lowe’s Foundation to grow its skilled trades certifications, expand the college’s reach in Mecklenburg County, and undertake renovations. Infrastructure support also includes renovating lab space and bringing mobile learning cottages to other campuses and into the community. The mobile learning cottages will […]
Did COVID permanently change the labor market?
July 26. By Mike Walden. [Analysis] I doubt that anyone alive during the COVID pandemic will forget it. Many of us are reminded of it every day. Certainly, many remember being ill, or mourn friends or family who passed due to the disease. We still see people wearing masks, and this time of year we’re […]
United Bankshares reports second-quarter earnings
July 25. United Bankshares reported earnings for the second quarter of 2024 of $96.5 million, or $0.71 per diluted share. Second-quarter results produced annualized returns on average assets, average equity and average tangible equity, a non-GAAP measure, of 1.32%, 7.99% and 13.12%, respectively. Quotable “UBSI continues to consistently deliver exceptional results,” stated Richard M. Adams, […]
Mecklenburg New Corporations
July 24. These businesses have registered with the North Carolina Secretary of State. Cornelius 5/16/24 Aegis Group LLC, Randall Blake Humphrey, 18636 Starcreek Dr., Cornelius 5/17/24 Lazy Brown Dog LLC, Lowell Alan Sanford, 9406 Cadman Ct., Cornelius 5/20/24 Jennifer Wells Health Collective LLC, Jennnifer Wells, 16506 Barcica Ln., Cornelius 5/21/24 16 West Home Furnishings Inc., […]
Central Piedmont is a $1 billion force in the local economy
July 24. With more than 43,000 students enrolled across all programs, Central Piedmont Community College contributes $1 billion annually to the Mecklenburg County economy, an amount equal to 1 percent of the county’s gross regional product. “For over 60 years, Central Piedmont has established a record and reputation for making a positive impact in Mecklenburg […]
Allen Tate names Melissa Turney Lake Norman sales manager
July 23. Allen Tate Cos. has named Melissa Turney as sales manager for the company’s Lake Norman office. Turney will develop and coach an established team of more than 75 agents and help expand the culture of Allen Tate to attract new agents. She will partner with Branch Leader Angela Standish to lead the Allen […]
NC jobless rate stays at 3.6% while national rate edges upward by .1%
July 19. The state’s seasonally adjusted June 2024 unemployment rate was 3.6 percent, unchanged from May’s revised rate. The national rate increased 0.1 of a percentage point to 4.1 percent. North Carolina’s jobless rate increased 0.2 of a percentage point from a year ago. The number of people employed decreased 924 over the month to […]
