By Marty Price. Small cities across the nation are trying to court private investors to revitalize their downtowns. Kannapolis and Concord can be counted among the many municipalities that have recognized that private investment will build up their downtowns while increasing revenue through taxes. Kannapolis has started the process, with private developers ready to invest millions […]
Aug. 4. UPDATED. By Dave Yochum. Cott Corp. is paying $355 million on a debt and cash free basis to acquire Concord-based S&D Coffee Inc., a mainstay of Cabarrus County business since 1927. The price tag is about six times “post synergy” Earnings Before Interest, Taxes, Depreciation and Amortization, otherwise known as EBITDA in corporate […]
By Marty Price. When Noelle Rhodes Scott, president and CEO of the Cabarrus Arts Council first came to the CAC, there was a grand total of one employee—her. Now she has a budget of $988,288 and eight employees including herself. Art was a billion-dollar industry in North Carolina in 2010. A new study gets under way […]
May 31. UPDATE. FlyRight Inc., a professional flight school, will move from the West Winds Business Park in Concord to a new 40,000 square foot facility in Concord Airport Business Park Phase II. The expansion, in a spec project that was developed by The Silverman Group, will add 10 new jobs. President Matt Hapgood said FlyRight plans […]
May 27. An online real estate portal called RentApplication.com has ranked the 50 best places to live in North Carolina, with one in the Golden Crescent, Concord, making the Top 5. Chapel Hill, Boone, Lincolnton, Hickory, Concord, are the top five. The high ranking for Concord doesn’t come out of the clear blue. Concord was […]
By Marty Price. The craft beer industry, with breweries large and small operating in most of the major cities across the nation, has started another trend. Smaller towns and municipalities are changing their zoning laws to encourage them. Concord became one of the most recent when they made a text amendment to their Unified Development Ordinance […]
Dec. 21. The Cabarrus Economic Development board voted Tuesday to hire its own leader, separate and independent from the Cabarrus Regional Chamber of Commerce. Both organizations currently share a president/CEO, but have separate boards of directors and budgets. In the past, former CEOs Patrick Coughlin and John Cox have headed up both organizations. Cox moved […]