Recent Posts
Corning will invest $109 million in Midland plant
Feb. 20 Corning will invest $109 million in its fiber plant in Midland, creating 200 jobs over the next two years. The Cabarrus County Board of Commissioners approved a five-year, performance-based grant for $3.2 million. The venerable ceramics, glass-making and optical communications company will hire a variety of workers, including operators, distribution staff, maintenance personnel and […]
Olde Mecklenburg Brewery taps into Cornelius, LKN
Feb. 20. Updated 2 pm It looks like Olde Mecklenburg Brewery will put a significant operation on an industrial site on Zion Avenue formerly owned by MacLean Curtis, the industrial manufacturer which moved to Mooresville. It’s a nice economic-development win for Cornelius, the downtown area in particular. Town officials have maintained a code of silence around […]
Rusty Knox will run for Davidson mayor
Rusty Knox, the son of the late mayor Russell Knox, will run for mayor this fall. A well-known Realtor and singer, Knox says he was motivated to run by the Downtown Catalyst Study, which focused on developing four acres of town-owned land with the help of private investment. Knox’s have been on the Town Board […]
Diversity happens when you include. Inclusion requires a conscientious effort
By Dave Yochum. Chris Hailey, who ran for Mecklenburg County Sheriff as a Republican in 2010 and 2014, is black, but chairing the Diversity Council has been an eye-opener for him. “When I became chairman of the diversity council, it educated me to the point where I was not as conservative as I used to be. […]
Oerlikon will bring 93 jobs to Huntersville
Feb. 6. Global technology group Oerlikon will invest $62 million in a new plant in The Park in Huntersville. It will create 93 new jobs during the next five years. “We are excited to have another well-established International manufacturing company located in Huntersville. Huntesville’s reputation for being business friendly, having a great quality of life […]
Rising interest rates will have less impact on luxury market
Competition for homes has driven Charlotte area median home prices up from less than $180,000 three years ago to something north of $210,000 depending on where you are. Meanwhile, interest rates are climbing. Pat Riley, CEO of Allen Tate, says mortgage rates could climb another two points in the next couple of years. Thirty-year fixed […]
Ideal Health plans to lease 500 square feet at NCRC
Jan. 30. Ideal Health Biotechnology, which has an antioxidant spray made from grape seed extract available in China, will take 500 square feet of space in the North Carolina Research Campus. Ideal Health, which is a unit of Ideal Shanghai, is leasing office space on the third floor of the David H. Murdock Core Laboratory […]
Iredell County: Ready to work
Jan. 29. Iredell County is now a North Carolina Works Certified Work Ready Community, a collaborative effort between workforce development partners at the local and state level. The program is aimed at leveraging data and analysis tools to continue economic growth. The North Carolina Chamber Foundation serves as the final certifying body to designate a Work Ready Community. […]
2016 net rose 32% at blueharbor
Jan. 27. Mooresville-based blueharbor bank reported net income of $383,632, or $0.13 per diluted share, for the fourth quarter of 2016, compared to $261,213, or $0.09 per diluted share, for the same quarter in 2015. For the year ended Dec. 31, 2016, the bank reported net income of $1,227,567, or $0.41 per diluted share, compared […]
Aquesta full year rises 15.8 percent from 2015
Jn. 23. Aquesta Financial Holdings reports 2016 net income rose 15.8 percent from 2015 earnings. At year-end Aquesta’s total assets were $348.7 million, up 19 percent from $293.1 million at the end of 2015. “I’m very happy to announce continued excellent earnings combined with excellent growth for the final quarter of an outstanding year. Our […]
