Business
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 […]
Real estate 2021: More of the same but maybe not as intense as 2020
30 economists put Charlotte at No. 3 on list of cities likely to outperform March 15. By Dave Yochum. There isn’t enough supply to meet the demand for residential real estate, although one indicator—new listings coming on the market—improved during December. Charlotte’s real estate market is competitive, the suburbs more so. Canopy Realtor Association data […]
Uwharrie reports net income more than doubled 2020 over 2019
March 14. Uwharrie Capital Corp., parent company of Uwharrie Bank, reported consolidated total assets of $828 million at year-end 2020, vs. $657 million at the end of 2019. Net income for the year was $8.1 million vs. $3.1 million in 2019. The strong earnings for 2020 were driven by mortgage production, which increased from $122 […]
Brewery paying $1.799 million for downtown Huntersville property
March 12. Huntersville’s old police station will change hands for $1.799 million, pending Town Board approval Monday March 15. The buyer: 760 Craft Works which is expected to open a craft brewery. “We are excited to have 760 Craft Works bring to our downtown a brewery. Its location on the currently being constructed greenway trailhead […]
NC Retirement Systems: Lowest investments costs among peers
March 12. The NC Retirement Systems’ (NCRS) investment program is reporting more than $350 million in incremental cost-efficiencies. According to a recent CEM Benchmarking (CEM) report, the NCRS has the lowest investment costs of any state in the peer group analyzed for the report. Investment costs are broadly defined as the costs associated with making […]
The business of moving forward, together
By Cheryl Kane. It appears we may soon be able to manage COVID-19, instead of it managing us, and return to more robust ways of doing business. Let’s make sure we are ready and able to do so. As we approach the fresh opportunities we long for, there are several ways we may have to […]
Race driver purchases Wher-Rena in Cornelius
March 11. A company associated with NASCAR star Joey Logano has purchased the 3.6-acre Wher-Rena property on West Catawba. Logano, a savvy real estate investor, is the 2018 NASCAR Cup Series champion and the driver of the No. 22 Team Penske Ford. At age 30, he is a 26-time Cup winner, including the 2015 Daytona […]
blueharbor declares cash dividend of 10 cents per share
March 11. The board of directors of blueharbor bank has declared a cash dividend of $0.10 per share on common stock outstanding to shareholders of record as of March 19. The dividend is payable on April 9. CEO Jim Marshall said the dividend was based on the bank’s operating results over the past few years, […]
Co-working space opening in downtown Concord
March 4. The “Cabarrus Center” has opened in downtown Concord in the former Cabarrus Saving Bank. Flywheel, a business which creates co-working communities, will manage programming. Flywheel founder Peter Marsh said the Cabarrus Center is looking for aspiring entrepreneurs, existing businesses to learn, grow, and accelerate their businesses through education, networking, and mentoring. The collaborative […]
