Business
Heads Up! It’s burn-out time
BUSINESS ADVICE | By Cheryl Kane Feb. Reading headlines about the mass resignations from the workplace in 2021, I was reminded of the scene in “Network” where angry people went to their windows and in unison yelled, “I’m mad as hell and I’m not going to take it anymore!” I anticipate we’ll continue to see […]
Register for Davidson arts weekend
Feb. 9. With art a proven economic development tool, the Town of Davidson hosting a Gallery Crawl and art festival April 22-24 downtown. It all starts with the Gallery Crawl April 22, then the Art on the Green festival on April 23 and 24. Artists are encouraged to apply to display and sell their art, […]
Power broker Ben Bowen affiliates with Premier Sotheby’s
Feb. 8. By Dave Yochum. Cornelius-based Ben Bowen Properties, one of the top luxury real estate brokers in the Charlotte region, has affiliated with the Premier Sotheby’s International Realty office in Jetton Village. Bowen’s five-person team will be known as The Ben Bowen Group. Top producer Bowen, 55, is among the top producers at the […]
Sherwin-Williams expansion in Iredell will grow NC economy by $1.1 billion
Feb. 8. Sherwin-Williams will create 183 jobs in Statesville due to a plant expansion. The well-known global manufacturer of paints and coatings will invest $324 million to expand its manufacturing capacity and establish a larger distribution facility. The annual payroll for the new jobs is expected to be in excess of $10 million. Expansion […]
Industry expert: Gas prices poised to climb
Feb. 1. By Dave Yochum. Retail gasoline prices rose across the United States in 2021 with the average price for regular increasing to $3.01 per gallon nationwide. The average US retail gasoline price began 2021 at $2.25 a gallon. The average price first passed $3 on May 17, after disruptions to Colonial Pipeline operations. When […]
Concord lands $900 million Eli Lilly plant
Jan. 28. Eli Lilly will invest more than $900 million and create nearly 600 jobs at a new plant at The Grounds at Concord, the site of the former Philip Morris plant. It is one of the largest economic development announcements in the history of Cabarrus County. Lilly’s facility, in the same sprawling complex as […]
Novant takes $40 million step to reduce turnover
Jan. 28. Burn-out and the Great Resignation are serious in the healthcare industry: Novant will spend $40 million to give every employee either an additional week of paid time off (PTO) or an equivalent cash award. “We recognize that we must care for our team members first so that they are able to care for […]
Birkdale Village breaks ground on $20 million re-do
Jan. 27. North American Properties’ $20 million redevelopment of Birkdale Village is under way in earnest. The owners of the 52-acre mixed-use project—the retail centerpiece of Lake Norman—officially began work yesterday on plans to create a 21st century community gathering place and a new retail experience. No more full circle The trademark circle or roundabout […]
United Bankshares reports record full-year 2021 earnings
Jan. 27. United Bankshares reported earnings for the fourth quarter and the year of 2021. Earnings for the fourth quarter of 2021 were $73.9 million, compared to earnings of $92.4 million or the fourth quarter of 2020. Earnings for the year of 2021 were a record $367.7 million as compared to earnings of $289.0 million […]
Phase Inc., part of Cornelius business incubator, lands NIH grant
Jan. 25. Phase Inc., which is operating out of the First Turn Innovations business incubator in Cornelius, has received a grant from the National Center for Advancing Translational Sciences (NCATS) to collaborate on 3D printing of medical devices. The grant will open new doors to bio-innovation, said Jeff Schultz, co-founder of Phase and co-founder of […]
