Business
Toyota to build $1.3B battery plant in NC
Dec. 7. Toyota’s new North American battery manufacturing plant will create at least 1,750 jobs and contribute more than $9.5 billion to the North Carolina economy over the next 20 years. “The future of mobility is electrification and the Greensboro-Randolph Megasite is the ideal location to make that future a reality,” said Ted Ogawa, CEO […]
Arrival will add new plant, 150 jobs in Charlotte
Dec. 6. Arrival, a British-based global electric vehicle company, will establish a high voltage battery module assembly plant in Charlotte, adding 150 new jobs and investing $11.5 million in its new facility off Yorkmont Road. The British company manufactures electric buses and vans, employing more than 1,200 people around the world. Since 2020, Arrival has […]
Furniture company adding 90 new jobs in Conover
Dec. 3. Sherrill Furniture, a high-end furniture manufacturer, will create 90 new jobs in Conover with a $2.9 million custom upholstery production facility. Founded in Catawba County in 1945, Sherrill Furniture is adding a fifth production facility and 140,000 square feet to its roster of upholstery and woodworking plants. “Backlogs within the furniture industry are at […]
Allen Tate CEO’s real estate outlook for 2022
Dec. 1. By Dave Yochum. The pandemic helped spur one of the tightest housing markets in US history, with prices nationwide climbing at mind-boggling levels. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 19.5 percent annual gain in September, down from 19.8 percent in the […]
Lakefront mansion transacts at $7 million
Nov. 29. A one-of-a-kind Mediterranean style villa on Jetton Road has sold for $7 million in a private transaction. The home has spectacular views of Lake Norman, five bedrooms and 6.5 baths in more than 12,000 square feet of space. It also has a barrel tile roof, an elevator, and two master suites, not to […]
Allen Tate announces new president of Allen Tate Realtors
Nov. 17. Gary Scott, who has more than 30 years of experience in the real estate industry, including more than 10 years as general sales manager and senior vice president of Allen Tate Realtors, has been named president of Allen Tate Realtors. Scott has held positions with multiple brokerage firms across the East Coast including […]
UCB completes conversion process after Aquesta merger
Nov. 17. United Community Bank has completed the conversion of all bank systems and customer operations after the acquisition of Cornelius-based Aquesta Bank. All nine Aquesta locations have been re-branded as part of United Community Bank, bringing United’s total footprint to 180 offices across five states. “Aquesta has been the ideal partner for us to […]
Why retirees are flocking to North Carolina
Nov. 15. By Ricky Allen. Retirees often spend their golden years relaxing and making the most of every day. Most look for a prime location with a bustling community of pensioners, and North Carolina is one of these places. Not to mention, the state also has a wealth of natural and scenic spots for older […]
Mecklenburg new corporations: Sept. 20-Oct. 21
These businesses registered with the North Carolina Secretary of State Cornelius 9/20/21 MSB Solutions LLC, Matt Browning, 19240 Kanawha Dr., Cornelius 9/20/21 Red Numbers LLC, Jason Daniel Resener, 19529 Natalie Rd., Cornelius 9/21/21 Lands CyberForensics LLC, Jason Farris Lands, 22414 John Gamble Rd., Cornelius 9/21/21 Sunrise Power LLC, Nancy Muneton, 18505 Statesville Rd. Ste. A04, […]
Pandemic learning; some good, some bad
BUSINESS ADVICE | By Cheryl Kane Nov. 2. I just realized how close 2022 is, and I had to pause for several minutes and think how long it’s been since I first wore a mask in public. It was the last weekend in February 2020 as I went to my last appointment with a stylist. […]
