Business
Aquesta reports sharply higher 1st quarter
April 7. Cornelius-based Aquesta Financial reported sharply higher first quarter results. The parent company of Aquesta Bank had unaudited net income of $2.5 million (46 cents per share) compared to the first quarter of 2020 net income of $881,000 (16 cents per share). Earnings grew at the rate of 186.5 percent in the first quarter […]
NC Sen. Marcus introduces bill to improve pipeline safety
April 6. NC Sen. Natasha Marcus has filed filed Senate Bill 549, Improve Pipeline Safety, in the wake of the worst pipeline leak in North Carolina history. Since the leak was discovered in August of last year more than 1.2 million gallons of gasoline have leaked from the 40-year-old pipeline which spans several counties in […]
Motorsports company moving from NY to Stanly County
April 6. A leading designer, manufacturer, and distributor of stainless-steel headers and exhaust system components will invest $4.37 million in a new manufacturing facility in Stanly County. American Racing Headers & Exhaust will create 63 new jobs with the move from Deer Park, NY to Stanfield. The new facility will combine both manufacturing and corporate […]
Fifth Third’s ‘next-gen’ branch will open in Cornelius in June
April 2. By Dave Yochum. A new Fifth Third branch on West Catawba in Cornelius will have an entirely different banking experience from the traditional Fifth Third branch that will remain open just a mile away. It will be a “next-generation” branch, which means open spaces and no teller windows. Fifth Third says it will […]
Federal agency responds to Huntersville gasoline spill
March 31. The federal agency that regulates the Colonial Pipeline has issued a “Notice of Proposed Safety Order” that requires a series of improvements to avoid future pipeline spills in Huntersville. Colonial Pipeline repeatedly revised the size of the gasoline spill, doubling it to roughly 1.2 million gallons. The spill in Huntersville this past August […]
Robinhood Markets announcement means $800 million for Charlotte economy over 12 years
March 30. Robinhood Markets, a financial services firm based in Silicon Valley, will invest $11.7 million to establish an office in Charlotte creating 400 new jobs. “With the second-largest financial center in the nation, North Carolina is one of the fastest growing tech hubs where companies like this know they can flourish,” Gov. Roy Cooper said […]
Asian Festival, complete with Dragon Boat races, returning to Cornelius
March 23. The Asian Festival & Dragon Boat Race, postponed from May 2020 to October and then cancelled entirely for last year, comes back Oct. 16 to Ramsey Creek Park. A long-standing spring tradition in Cornelius, the event brings Dragon Boat races and thousands of foodies together to celebrate Asian cultures, diversity, ethnicity, roots and […]
Successful written communications key to business success
March 22. Soft skills may be the most important ones in the midst of a rapidly changing workforce. Even Warren Buffett has said the best skills a person can have to be successful are good communication skills. We can all put on our Zoom shirts and have our virtual background, but the reality is that […]
Waterbean opening 8th location
March 18. Waterbean Coffee, which poured its first cup in Cornelius, is opening an eighth location in the old Parliament Coffee space on South Tryon in Charlotte, even though owner Tony Vo said Uptown businesses will be among the last to recover. Thousands of jobs have either migrated to remote locations or disappeared. They’re expected […]
Hugh Sykes is Main Street Champ in Mooresville
March 17. Long-time volunteer Hugh Sykes, the treasurer of the Mooresville Downtown Commission, has been named Downtown Mooresville’s 2020 Main Street Champion. A former business owner, Sykes has been a board member for more than a dozen years, managing the Downtown Mooresville Cruise-In event for many years which regularly attracted as many as 600 classic […]
