Business
NC unemployment picture better than much of the US
June 11. Unemployment claims in North Carolina last week were 8.28 percent lower than in the previous week and 10.78 percent lower than last year, according to WalletHub’s updated rankings for the States Where Unemployment Claims Are Increasing the Most. In that regard, North Caroliina is near the bottom of the list, and that’s a […]
Concord, Mooresville among 51 communities landing ‘Main Street’ honors
June 7. Fifty-one North Carolina municipalities have received “Main Street America” accreditation status for 2024, including Concord and Mooresville. The NC Main Street & Rural Planning Center works in partnership with Main Street America to identify local programs that meet national performance standards. To quality for Accredited status—Main Street America’s top designation tier—communities must demonstrate […]
Why are so many people moving to NC, plus nine other states?
June 6. Based on recent data from Forbes and Click Storage, the top 10 states Americans are moving to are Texas, Florida, South Carolina, North Carolina, Georgia, Tennessee, Nevada, Maine, Delaware, and Idaho. Each one offers unique attractions and benefits that make them appealing destinations. Karl Graham from Click Storage analyzed why the Top 10 […]
NC Attorney General Josh Stein provides ‘State of Business Climate’ for LKN Chamber
June 5. NC Attorney General Josh Stein gave an overview of the business climate at the Lake Norman Chamber’s Legislative PowerLuncheon at NorthStone Country Club. Stein, the Democratic candidate for governor, said he has focused on making sure that North Carolina’s economy is healthy. “I’m running for governor because I believe in the promise of […]
161-acre estate hits market at $25 million
May 31. A 161-acre estate with a mile of frontage on the French Broad River has hit the market for $25 million. Located at 3903 Island Ford Road in Brevard, “Blue Fish Farm” includes a 6,150 square foot mansion, a guest house, a pool house and a three-bedroom treehouse. There are also a theater, fitness […]
2024 Leadership Lake Norman class graduates
May 31. The Lake Norman Chamber of Commerce 2023-24 Leadership Lake Norman class graduated after an exploration of the Lake Norman region, encompassing historical landmarks, manufacturing and educational institutions as well as town governments, economic development, first responders and even a visit to the water treatment plant. Graduates of this year’s program included: Andy Yates […]
Mortgage delinquencies are increasing
May 23. With the rate of mortgage delinquency rising in all 50 states, a new WalletHub study says North Carolina ranks sixth among the states where mortgage delinquency is increasing the most. From the fourth quarter of 2023 to the first quarter of 2024, delinquencies in North Carolina rose 18.49 percent. The smallest increase was […]
Tourism: NC’s quiet economic engine
May 22. North Carolina’s tourism industry reached $35.6 billion, up more than $2 billion from the previous record of $33.3 billion in 2022. With nearly 43 million visitors from across the nation, North Carolina ranks No. 5 behind California, Florida, Texas and New York in domestic visitation. North Carolina also saw gains in the international […]
Five-acre Asheville estate hits the market at $24 million
May 21. A five-acre estate with a 13,000 square foot mansion and guest house is on the market for $24 million. Alec Cantley of Premier Sotheby’s International Realty in Asheville has the listing. Known as Deerhaven Gardens, the main house has 200 feet of accordion and nano doors framing mountain views, as well as six […]
NC jobless rate holds steady at 3.5%
May. 17. The state’s seasonally adjusted April 2024 unemployment rate was 3.5 percent, unchanged from March’s revised rate. The national rate increased 0.1 of a percentage point to 3.9 percent. North Carolina’s unemployment rate increased 0.2 of a percentage point from a year ago. The number of people employed increased 1,200 over the month to […]
