Business
Homegrown Nucor will build $20 million fabrication facility
June 26. Nucor Rebar Fabrication, a division of the largest steelmaker in America, will invest more than $20 million in a new rebar fabrication facility in Davidson County. The construction services company fabricates, installs, and distributes rebar to a variety of infrastructure and building projects. The new rebar fabrication facility in Lexington will be adjacent […]
New statewide office will support music industry
June 24. A new statewide office to promote and celebrate North Carolina music, musicians and the music industry is being established within the NC Department of Natural and Cultural Resources. The new North Carolina Music Office will facilitate a multitude of music-based programming and investments across the state; enhance economic development spurred by creative economies; […]
Economic development agency on ‘strategic pause,’ executive director is out
June 21. Ryan McDaniels is out as the head of the Lake Norman Economic Development Corp. (LNEDC) after 11 years at the helm of the regional business retention and recruitment organization. He could not be reached for comment. Meanwhile, the LNEDC will undertake a “strategic reevaluation” under the direction of its board which includes elected […]
Novant quits plan to acquire Lake Norman Regional, Davis Regional
June 19. After a year of trying—and a favorable federal court ruling earlier this month—Novant got a big “no” for their plan to acquire the Lake Norman and Davis Regional Medical Centers from subsidiaries of Community Health Systems. “Despite our vision to restore services the area has lost and deliver high quality, remarkable care, we […]
Mecklenburg New Corporations
June 18. These businesses have registered with the North Carolina Secretary of State. Cornelius 4/16/24 A&G Renovations LLC, Adriana Chrestler, 19228 Betty Stough Rd., Cornelius 4/16/24 Boss Modular Homes LLC, Thomas C. Jeter III, 18525 Statesville Rd. Unit D-2, Cornelius 4/16/24 Heartyhaven-Enterprise LLC, Leasha Cramartie, 20619 Torrence Chapel Rd. Ste. 116-1179, Cornelius 4/16/24 Legacy Pointe […]
Lack of child care is a billion-dollar problem for the NC economy
June 17. [Updated] A statewide report estimates that insufficient child care availability is costing North Carolina $5.65 billion in lost economic activity each year. The U.S. Chamber Foundation, in partnership with the NC Chamber Foundation and NC Child, commissioned a survey of 517 North Carolina parents with children under the age of six. Survey results […]
Atrium’s ‘community benefit’ last year was nearly $3 billion
June 14. In its first year as part of Charlotte-based Advocate Health, Atrium Health provided a record amount of community benefits, totaling $2.97 billion during calendar year 2023. Advocate Health’s total community benefit across its six-state service territory totaled more than $6 billion—which amounts to more than $16 million per day reinvested into improving health […]
Downtown Mooresville lands national accreditation third year in a row
June 13. The Mooresville Downtown Commission (MDC) has been designated as a Nationally Accredited Main Street America program for the third year in a row. MDC Executive Director Kim Atkins said more than $58 million has been invested in the Downtown Mooresville Municipal Service District in the last decade, consisting of more than $42 million […]
RSVP for Newsmakers Breakfast with Cornelius Fire Chief
June 13. The Newsmakers Breakfast June 14 at The Peninsula Club will center on the man leading the transition from a volunteer fire department to a full-time paid operation. Cornelius Fire Chief Guerry Barbee was 15 when he joined the fire department as a junior fireman in 1994; now he’s leading a complex, multi-year transition. […]
Hot Properties: Million-dollar deals
June 13. Recent home sales in excess of $1 million. $4,600,000 Christopher & Brenda Opie to Eagle Investments NC, 15503 Fishermans Rest Ct., Cornelius $2,250,000 Kevin & Mary Connery to Patrick & Heather Wilkinson, 315 Catawba Ave., Davidson $1,825,000 Richard & Lisa Gilmore to Laura Davidson, 18909 Halyard Pointe Ln., Cornelius $1,700,000 Cheri Lytle to […]
