Recent Posts
Aquesta’s first quarter up 25 percent
April 20. Aquesta Financial Holdings reported net income for the first quarter of 2017 rose 25 percent to $460,000 compared to the first quarter of 2016. Loans grew at a 6.4 percent annualized rate, while core deposit grew at the rate of 14.1 percent a year. “I’m very pleased with our 25- percent year over year growth in earnings along with […]
Palziv, a plastics manufacturer, expands in Louisburg
April 10. Palziv North America, an internationally recognized manufacturer of polyethylene foams will add 40 jobs, thanks to a $5.2 millionexpansion in Louisburg in Franklin County. Palziv North America is a wholly owned subsidary of Israeli-based Palziv Ltd. It makes cross-linked, closed-cell polyethylene foams in rolls, blocks or semi-processed customized products. North Carolina Commerce Secretary Anthony M. Copeland […]
SouthCorr expands in Asheboro
April 7. SouthCorr, a corrugated packaging material manufacturer, will invest $6.7 million in its plant in Asheboro, creating 22 new jobs. A performance-based grant of $50,000 from the One North Carolina Fund will help facilitate the expansion, Gov. Roy Cooper said. “North Carolina leads the southeast in manufacturing. The state’s strong commitment to workforce training guarantees we can provide the […]
Novant revenue tops $4 billion
April 6. Novant Health reported net income of $412.8 million on operating revenue of $4.34 billion for the full year last year. The not-for-profit health system also reported a community benefit of $725.5 million, including $122 million of financial assistance to the uninsured and people in need. In 2015 operating income was $258.4 million. Fiscal year 2016, […]
Rebranding Cabarrus: Helping recruit workers
St. Louis, Mo.-based Avant Marketing has been hired to help rebrand Cabarrus County. The overall $70,000 project kicks off with a focus group for residents April 11. One of the key goals in the rebranding is assisting with the recruitment of today’s workforce. The core of the branding process is an investment in researching the perceptions […]
NCDOT didn’t know about consultant’s work with Cintra
April 5. By Dave Vieser. The North Carolina Department of Transportation was unaware that a consulting firm hired to do an “in-depth, outside review” of the $654 million I-77 toll lane contract was part of a Cintra highway construction team in Texas. Back in 2004, Philadelphia-based Mercator Advisors was hired to develop the first phase of […]
NC Trans secretary picks Mercator Advisors to review I-77 contract
March 31. A company that was part of a team led by Cintra Concesiones de Infraestructuras and Zachry Construction Corp.—to develop the first phase of the Trans-Texas Corridor—has been selected to review the I-77 Express Lanes contract. NC Transportation Secretary Jim Trogdon said Mercator Advisors will conduct an in-depth, outside review. Mercator has not been involved in the $650 […]
Fitch upgrades Concord bonds
March 30. Fitch Ratings has upgraded the City of Concord’s Issuer Default Rating (IDR) to AAA from AA+. The City’s limited obligation bond rating was also raised, from AA to AA+. Fitch said the city has demonstrated “strong budget management through the recent economic recovery.” Concord City Manager Brian Hiatt said the upgrades will save taxpayers’ money […]
Aquesta expanding outside of NC
March 30. Aquesta Bank has hired a market president for Greenville, SC where the Cornelius-based financial company will expand with an office, commercial and retail lenders and a branch. Russ Williams has joined Aquesta Bank as the new SVP Greenville Market President. He has spent almost 32 years in banking and has a record in community bank […]
Planning Kannapolis from the grass roots
Kannapolis is in the midst of a majr transformation with new people and businesses moving to the City. Redevelopment, new neighborhoods, road improvements and economic development initiatives are bringing opportunities for residents. To make the planning process more collaborative, the city is organizing Move Kannapolis Forward. The public is invited to attend the Move Kannapolis Forward Summit, 6- 8 p.m., April 11, at […]
