Business
Apartment construction worth $5 billion statewide
The apartment industry and its residents annually contribute $20.3 billion to Charlotte’s economy, according to a study commissioned by the National Apartment Association (NAA) and National Multifamily Housing Council (NMHC). The apartment industry supports 88,132 jobs in Charlotte as well as resident spending in excess of $17.1 billion. New construction contributes $2 billion, and renovation […]
Warrior Dash business failure presents obstacle for Rural Hill
Forbes magazine’s 18th “most promising” company in 2015 has taken a fatal spill, leaving a local non-profit out more than $30,000. Chicago-based Red Frog Events owes Rural Hill Inc., the non-profit entity that operates and works to preserve the historic farm in Huntersville, more than $30,000 from the Warrior Dash that was held there in […]
Champagne Reception & Mini Business Expo at River Run Oct. 17
The 15th Annual Top Women Champagne Reception & Mini Business Expo Oct. 17 at River Run Country Club is one of the oldest and largest events honoring women in Lake Norman and Cabarrus County. Prior winners judged the nominees—a diverse group, ranging from small business owners and developers to real estate executives and artists. We […]
Carvana: On the road to Concord
Aug. 29. Carvana, the e-commerce platform for buying and selling used cars, officially announced plans to open a $30 million inspection and reconditioning facility in the old Philip Morris plant in Concord. Over the course of a dozen years, the Carvana investment is expected to grow the state economy by half a billion dollars and […]
Book Review: Building a StoryBrand
Run your marketing message through Donald Miller’s framework to create a superstar narrative. His approach casts your brand in the fundamentally human language of a story. He offers a sharp, clear process for finding a story to tell about your product or service that centers on your customer as the hero – not on your […]
Race to finish toll lanes is on; shoulder work begins in 2020
By Dave Vieser. As motorists who ride I-77 already know, there’s plenty of work left to be done on the toll lane project, most especially on the segment between Exit 23 in Huntersville and I-277. Even the open segment between Exits 23 and 36 still requires quite a bit of final paving. Cintra, aka I-77 […]
Record visitor spending across NC in 2018
Aug. 15. Tourism spending in North Carolina rose to $25.3 billion last year, a record. The data, which comes from an annual study commissioned by Visit North Carolina, has Mecklenburg County once again at the top, with $5.68 billion in visitor spending last year, up 5.6 percent from 2017. Domestic visitors spent a record $25.3 […]
Blueharbor bank reports gains in second quarter
Mooresville-based blueharbor bank reported second-quarter net income rose 8% to $698,480 compared to $647,933 earned during the second quarter of 2018. For the six months ended June 30, net income was $1.29 million, up 6% from the first half of 2018. CEO Jim Marshall net income growth for the second quarter of 2019 was driven […]
TDS plans to buy Continuum for $80 million
Aug. 14. By Dave Vieser. TDS Broadband Services, one of the nation’s largest telephone, broadband and television services, has a tentative agreement to purchase Continuum for $80 million. Mooresville-based Continuum is the municipally owned cable system that serves customers in Davidson, Mooresville and Cornelius. The deal, which must be approved by voters in Davidson […]
Mooresville outfit adopts ESOP to help spur growth
AMS Retail Solutions says a new ESOP and a new contract with Samsung Home Appliances will help the Mooesville company to double its size to 1,000 employees. In the past nine months, AMS has acquired its largest customer by “having the industry’s best workforce and capabilities,” said AMS chairman and chief operating officer Bruce Ballard. […]
