Recent Posts
United Bank 1Q earnings more than doubled
April 26. United Bankshares reported record earnings for the first quarter of 2021 of $106.9 million, more than double earnings during the first quarter of 2020. Record earnings were primarily due to higher income from mortgage banking activities, the impact of the Carolina Financial acquisition and a lower provision for credit losses primarily due to […]
Invitae will invest $114.6 in new plant
April 20. Invitae Corp. will build a major testing and laboratory facility in Wake County, creating 374 jobs and investing $114.6 million in Morrisville over the next decade. The San Francisco-based medical genetics company is expected to initially ramp up capacity to volume levels similar to Invitae’s flagship facility, with additional growth projected in future […]
blueharbor net rose 66% in first quarter
April 20. Mooresville-based blueharbor bank net income rose 66 percent to $1,157,275 during the first quarter of 2021. Total assets rose 13 percent to $367 at March 31, 2021. Gross loans increased $300,000 to $238.6 million at March 31. To read blueharbor’s earnings report in its entirety, click here.
Survey: Best small cities to start a business
April 20. Cornelius, Huntersville and Concord did relatively well in a new list of 1,337 best small towns to start a business in the United States—ranking in the top 20 percent—but Mooresville scored awesomely well. Race City USA was No. 78 on the WalletHub list, putting it ahead of 1,259 small towns ranging from Alhambra, […]
Gasoline spill: Estimated size keeps growing
April 19. The size of the Colonial Pipeline gasoline spill in the Oehler Nature Preserve in Huntersville may be larger than anyone thought. “The reported volume is going to increase again,” according to an internal memo from Huntersville. Colonial says they have recovered about 1.03 million of the 1.2 million gallons of gasoline estimated to […]
Charlotte-based juice company expanding in Lake Norman
April 16. Charlotte-based Green Brothers Juice Co. will open a fourth location in Birkdale Village. The goal is to grow Charlotte locations with franchising a possibility in the future. “We’re confident now is the right time to introduce our delicious selection of juices, smoothies and bowls to the Huntersville community,” said Josh Norris, co-founder of […]
LKN Chamber Focus Friday features Dr. Cohen
April 15. The Lake Norman Chamber of Commerce will hold a “Focus Friday” via Zoom 8:30 am to 10 am April 16 with Dr. Mandy Cohen, secretary of the NC Dept. of Health and Human Services. She will discuss the NC vaccination schedule and logistics regarding COVID-19 and anticipated impacts on business and commerce. Email […]
Swedish manufacturer announces expansion
April 14. A Swedish manufacturer of plastic compounds is investing nearly $12 million in a new plant in Gastonia, creating 22 new jobs. New positions at Polykemi AB include operations, maintenance, finance and managerial personnel. The average annual salary is $59,132, compared to Gaston County’s average annual wage of $42,018. Polykemi provides custom plastic compounds […]
Mecklenburg new corporations: March 2021
These businesses registered with the North Carolina Secretary of State Cornelius 2/18/21 ClaimMyMoneyNow.com LLC, Parissi Katash-El, 19701 Bethel Church Rd. Ste. 103-307, Cornelius 2/18/21 Ivey Industrial Inc., Michael D. Ivey Jr., 19759 Playwrights Way, Cornelius 2/18/21 SMAGO LLC, Paul J. Thomas, 16316 Neff Knoll Ln., Davidson 2/19/21 4C Design Build LLC, Nohra A. Nunez, 9906 […]
Mooresville new corporations: April 2021
These businesses registered with the North Carolina Secretary of State 2/18/21 Daves Dump and Haul LLC, David Aaron Richardson, 119 Landings Dr. Ste. 210 28117 2/18/21 Fox Pointe Homeowners Association Inc., John W. Oakes II, 517 Alcove Rd. Ste. 301 28117 2/18/21 Olympus Construction LLC, Teagan Dale Cordes, 103 Kenway Loop 28117 2/18/21 Richardson Notary […]
