Business
Aquesta full year 2020 rose 21% vs. 2019; 4th quarter up 72%
Jan. 21. Fourth quarter 2020 net rose 72 percent at Cornelius-based Aquesta Financial compared to the fourth quarter of 2019. For the full year ended Dec. 31, 2020 net income rose 21 percent to $5.3 million (96 cents per share) compared to the $4.4 million (82 cents per share) during 2019. CEO Jim Engel said […]
LKN Chrysler plans major expansion in Cornelius
Lake Norman Chrysler Dodge Jeep has filed an application to build a new showroom—complete with an off-road test drive area—on 30 acres on Chartown Road along I-77. The Cornelius-based auto dealership will invest more than $17 million in the project, according to owner Jack Salzman. Ground-breaking is tentatively scheduled for March or April of next […]
Virtual trade show focuses on supply chain
Economic development organizations from 16 Charlotte-area counties will present a business expo designed to build business connections among Charlotte region manufacturers and strengthen regional supply chains. “Of the many changes and impacts experienced this past year, there have been many instances in our Lake Norman region where local manufacturers have experienced significant supply chain disruptions,” […]
US Chamber ‘welcomes’ Biden economic rescue plan
Jan. 15. Officials at the US Chamber of Commerce are welcoming President-elect Biden’s $1.9 trillion American Rescue Plan which includes a $1,400 payment per person, raising the minimum wage and a national vaccination program that includes safely opening schools. “We applaud the President-elect’s focus on vaccinations and on economic sectors and families that continue to […]
Continuum digital conversion starts week of Jan. 25
Jan. 12. By Dave Vieser. Technical issues have delayed Continuum’s conversion to an all digital cable system by about two weeks. The change is now scheduled to start the week of Jan. 25, instead of this week. Continuum is the former Mi-Connection, which serves Cornelius, as well as Mooresville, Davidson and Huntersville. Spokeswoman Cheryl McCollum […]
Developreneur Jake Palillo speaks his mind
Jan. 8. By Dave Yochum. This entrepreneur was chauffeured to work at the company he owned because he was too young to drive. Jake Palillo was 15 when he quit high school and opened Arbor Valley Landscaping in Niagara Falls, NY. He moved out of his parents’ house at 16. “School wasn’t my thing,” he […]
Zoom fatigue? It’s a good time to say ‘Thank you’
Jan. 7. By Cheryl Kane. It is always a good time to express gratitude. There is no best date! This year our December end-of-year celebration and reflection time is in unique and unchartered territory. Normally we would incorporate delivery of thank you gifts to customers and employees into our daily workload. Today is not like […]
Michael Jordan, Denny Hamlin plan No. 23 race team complex in Huntersville
Jan. 6. By Dave Yochum. NBA legend Michael Jordan and three-time Daytona 500 winner Denny Hamlin plan to build the 23XI Racing headquarters on a 37 acre tract on Hwy. 21 at Hambright Road in Huntersville. The mixed-use project will include commercial space, 300 apartments, a hotel and flex space. Driver Bubba Wallace and the […]
National group buys physical therapy practices in Cabarrus, Denver
Jan. 6. CORA Health Services Inc., doing business as CORA Physical Therapy, a top-10 national operator of outpatient physical therapy services, announced today that it has broadened its coverage in North Carolina with the acquisition of Volk Physical Therapy & Sports Medicine and Advanced Physical Therapy Center. Volk PT was founded in 2006 and operates […]
The end: An entrepreneur’s guide on how to get there
Over the past year, CPA Jay Lesemann has written about what it takes to own your own business. He reviewed what it takes to go from an idea for a business to formalizing and legalizing your business to the administration of your business. There is one part left: The end. Dec. 28. By Jay Lesemann. […]
