Business Today :: Business Intelligence: Serving business owners in Cabarrus, Lake Norman, University City
Business Intelligence: Serving the Golden Crescent, including Lake Norman, Cabarrus and University City  
Bits & Briefs

Meetings aim to ease regulatory burden, stimulate jobs

Business owners are encouraged to share ideas of potential changes to Cabarrus County regulations during three "listening" sessions this month. The goal is to identify regulatory changes that may help increase employment and job growth. Organized by the Cabarrus County Council for a Sustainable Local Economy recommendations will be forwarded to the Cabarrus County Board of Commissioners. The three forums all start at 6:30 pm: Feb. 16, Kannapolis Train Station, 201 S. Main Street, Kannapolis; Feb. 23, Vintage Motorclub, 325 McGill Avenue, Concord; Feb. 28, Buddy’s Restaurant, 1470 S. Main Street, Mt. Pleasant. Comments may be emailed to regulatory@cabarruscounty.us. The Cabarrus County Council for a Sustainable Local Economy was established by the Cabarrus Board of County Commissioners and charged with performing research and analysis, educating the community, developing strategies and making policy recommendations that encourages entrepreneurship and supports local, independently owned businesses. More info: Shannon Johnson, 704-920-2181.


Dealership changes hands

Feb. 2 Hendrick Automotive Group has purchased Tim Marburger Dodge Chrysler Jeep in Concord for an undisclosed amount. Wes Watkins is the executive manager of the dealership which has been renamed Hendrick Chrysler Dodge Jeep Ram of Concord.


Chateau Lyon now $5.9M

Jan. 27 The cost to live in an authentic French chateau will now set you back $5.9 million, not $8 million. The luxurious lakefront home in Mooresville, built by the former owner of Boyles Furniture for upwards of $22 million, is listed by Debbie Monroe and Amber Garchar of Lake Norman Realty. Like a lot of homes in all price ranges, this one is bank-owned. To see the brochure, click here.



Job fair seeks to help soldiers

Jan. 25 A "Hiring Our Heroes Job Fair," designed to help military personnel adjust to civilian life, will be Feb. 13 from 9 a.m. to noon at Embassy Suites in Concord. 

Full Story Here

Bentley to run for 4th term

Jan. 25 Karen Bentley, a business-friendly representative on the Meck County Board, will run again.

Full Story Here

LKN Chamber chair charts new course for 2012

Jan. 24 John Bradford, the owner of Park Avenue Properties in Cornelius, has been named business person of the year by the Lake Norman Chamber of Commerce.

VIDEO: Salzman Speaks Out

Bradford, who is also a member of the town board in Cornelius, received the award at the chamber’s annual dinner last week. Matthew Hayes, principal at North Mecklenburg High School, received the Duke Energy Citizenship and Service Award , while David F. Peete, the principal planner for Huntersville, was named volunteer of the Year.

The new chairman of the chamber, Jack Salzman, president of Lake Norman Chrysler Jeep Dodge Ram, said the chamber would focus on “customer relations” with members and former members to ensure that all see value in their membership. Emphasizing that the chamber’s board of directors would “not be a puppet board,” Salzman stated: “In every thing we do as a board our focus must be always to benefit our community where we live, work and play.”

Full Story Here

Financial advisor has raised $30K in bid for Senate

ANERALLA

Jan. 21 N.C. Senate hopeful John Aneralla, a conservative Republican who has lined up endorsements from Cornelius Town Commissioners Lynette Rinker, Chuck Travis and Dave Gilroy, reports that he has $30,000 in his campaign treasury.

Full Story Here

Cato fellow to discuss rail

Jan. 21 The Town of Cornelius will host a special meeting 9 am Wednesday, Feb. 8 in the Community Room of Town Hall to hear an analysis of the Red Line by a senior fellow of the Cato Institute, a Libertarian think tank in Raleigh. Randal O’Toole will discuss the business/finance plan behind the proposed 25-mile freight-commuter line between Mooresville and Charlotte.

Full Story Here

News from the Golden Crescent

Business plan competition

A business plan competition sponsored by the Centralina Workforce Development Board, Greater Statesville Chamber of Commerce, Iredell County, Mitchell Community College, Mooresville-South Iredell Chamber of Commerce, Mountain State University, the Small Business Center and the Small Business and Technology Development Center is getting under way in Iredell County. Meetings will be held in the Continuing Education Center Auditorium at 701 W. Front Street in Statesville.  There will be hands-on workshops for participants to develop and assemble a complete business plan.  More info: Suzanne Wallace 704-878-3227


Red Line discussion at LKN Chamber

The Lake Norman Chamber will host a presentation on the Red Line by the consultants from Parsons Brinkerhoff and Jeff Hare, Cornelius Commissioner and chairman of the Cornelius Red Line Task Force. The session starts at 8 a.m. Jan. 27 on the second floor of the chamber building on West Catawba in Cornelius.


Small Business Toolbox

February 2012

Small Business Toolbox Feature

Author and motivational speaker, Nathan Jamail, reminds us not every hire is the right hire and not every job is the right job, but accepting a bad decision is wrong — for everyone involved.

Full Story Here

February 2011

Savvy Business Owner

DeMAO

Sherre teaches us the most effective business owners know how to get things done beyond the confines of their minds and their capabilities. As a result, they make more effective decisions and take more effective action when choices need to be made. Make 2012 the year you become a manager of your destiny.

Full Story Here

February 2011

Seller's Market

KANE
Cheryl Kane teches us that time allocation, prioritizing how time is used, and controlling access to your time for specific efforts are all necessary to efficiently and effectively use your most rare and valuable asset: time.
Full Story Here

Member's Area
Why register?
Contacts
Archive Site (Pre-April 2009)
Register
Login

Tourism czar: Giving local economy a boost

Donna Carpenter in the driver’s seat: Her job is filling rooms and she’s doing it

After a year on the job, Donna Carpenter has Cabarrus County tourism on a fast track. The president and CEO of Cabarrus County Convention & Visitors Bureau counts opening two satellite offices, one at the speedway and one at Concord Mills, among her achievements.

In an interview on her one year anniversary, Carpenter said Cabarrus hotel occupancy rates fell slightly for the first six months of 2010, but they rose in June, this in the face of a whopping 32 percent increase in rooms.

Through June, demand for rooms in Cabarrus County was up 16 percent, an increase to bank on.

Carpenter, who was the director of tourism and partnership development for Visit Charlotte, oversees a $3.37 million budget, funded by hotel tax receipts.

Business Today interviewed Carpenter as her agency was gearing up for race week in October, the only night race in the Chase.

What is your total budget for the new fiscal year? What was it last year and the year before?

FY 2010-2011 Budget: $3,371,116

FY 2009-2010 Budget: $3,781,069  Forecasting end of year FY 2009/2010 - $3,119,731

FY 2008-2009 Budget: $2,804,146  Finished FY 2008/2009 - $2,735,216

How many staffers do you have? How many when you came on board a year ago?

Upon my arrival we did a complete restructure of the organization.  There were 11 full time positions and two part time positions currently there are 13 full time positions and six part time positions approved for this fiscal year.  The additional positions added are visitor information manager, administrative assistant and four part time travel counselors

What have you done in the past year?

The bureau has gone through some significant changes over the past year.  The first part of the year was spent on restructuring and building a new team, once in place, to the board of directors in addition to the team, held a two-day retreat to determine a new mission and vision for the organization as well as the beginning steps for a strategic plan.  During the latter half of the year great strides have been made, including the production and distribution of the Destination Guide, probably our greatest success.

We have opened two satellite visitor information offices, at Charlotte Motor Speedway and Concord Mills Mall.  This has enabled us to connect with the visitor face to face, answer any questions they may have and also offers us the opportunity to tell the bigger story about Cabarrus County and all it has to offer as a destination.

Any recent FAM visits?

The bureau conducts more site visits than it does FAM trips.  Between Sales, Services and Communications/PR we have hosted more than 20 site visits over the last six months.  We have a 16 person UK/German PR FAM coming in during NHRA as well as a travel trade UK FAM coming in during the October Race.

Where do you see your best opportunities for tourism growth- amateur sports events, NASCAR, Concord Mills?

Cabarrus has a multitude of opportunities for future tourism business.  We have conducted our research and it clearly shows we are a leisure destination and we have motorsports, Concord Mills and Great Wolf Lodge to thank for that. But this doesn’t dismiss that fact that group business is big business for us too-amateur sports, car clubs, four-legged shows, military and associations in general are great targets and on our list.  I believe obtaining a balance within all the markets is critical for our continued success. 

What are current occupancy levels vs. year-earlier levels?

For the month of June 2010 54.8 percent vs. 53.9 percent in June 2009.
Year to date occupancy through June 2010, 53.2 percent vs. 54.1 percent YTD through June 2009

Have you been able to organize any cooperative efforts with the Cabarrus race teams?

We currently work closely with Charlotte Motor Speedway on joint marketing efforts. Our sales and services team works with many of the race teams to provide groups with a unique venue for a reception or for scheduling tours.   As far as a collaborative effort with all the race teams, it is on our list of to do’s for this fiscal year.

Have you seen an increase in hotel occupancy with the opening of the NASCAR Hall of Fame?

It is virtually impossible to track room nights related specifically to the NASCAR Hall of Fame.  We do, however, know the addition of the Hall of Fame partnered with the race shops located in the region has certainly elevated the region’s appeal and confirms us as a true racing destination with experiences that you cannot get anywhere else. I think it is safe to say that packaged along with tours of the speedway and race shops and other attractions, it has encouraged additional overnights in Cabarrus County.

What are you hearing or what are you seeing in terms of occupancy levels for the October races?

The October race at Charlotte Motor Speedway is the only night race in the “Chase.” This sets us apart from other nine destinations that host a race in the “Chase.”  With this, the loyalty of the motorsports fans, the shops located in the area and the addition of the NASCAR Hall of Fame, we anticipate a very successful October race.  We typically reach out to our hotel partners in early to mid-September to get their feedback.  A travel trend that we are continuing to see is the trend towards a shorter booking window.  Travelers are continuing to book last minute and are looking for value added packages.

Discuss average daily room rates and what the trend looks like.

Average Daily Rate for June 2010 $79.51 vs. $83.08 in June 2009.

Year to Date Average Daily Rate through June 2010 $86.65 vs. $89.15 YTD through June in 2009.

When comparing year-over-year numbers we have to take into consideration the amount of supply that has been introduced. Since April 2009 there has been a 32 percent increase in total room supply. This effects year over year number’s until the new supply is cycled through.

Great Wolf Lodge recently completed their first year. Residence Inn and Courtyard by Marriott properties did not open until summer 2009.  In the last six months three additional properties, Hilton Garden Inn, Country Inn and Suites, and Affordable Corporate Suites opened.

One key factor that the bureau can measure is demand. Through June 2010 demand for rooms is up 18.4 percent in Cabarrus County. The increased demand is spread amongst the new supply in the destination resulting in slightly lower occupancy levels for individual properties.  The last five months have performed very well and all indications are pointing towards increased occupancy and Average Daily Rates in the second half of 2010.

Guest Opinion

University Research Park remains a bright spot

Guest
Opinion

MARY HOPPER

By Mary Hopper

The University Research Park (URP) remains a bright spot in office activity in the Northeast submarket. Located at Harris Boulevard and I-85, the 2000-acre park has a 45-year history of fostering cutting edge technology dating back to its early days when IBM was making ATMs there and Verbatim was producing floppy discs. Its growth came in spurts over the years, with First Union’s CIC complex and TIAA CREF as two of its past wins.

The latest uptick began in 2008 when SPEED renovated a former Verbatim building to become home to a state of the art, all-digital TV network. The motorsports channel now reaches 84 million homes in North America with additional worldwide distribution. The pace continued with David Bowles’ 2009 acquisition of the 70,000 square foot Louis Rose building that had housed IBM and then First Union Mortgage. Bowles used his skills to create Environmental Way as one of the region’s first LEED Platinum buildings and a workplace laboratory of sustainable systems and design.

Full Story Here

Hot Properties

Hot Properties Jan. 2012

Mooresville: This home on Easton Dr. in Mooresville sold for $880,000

In Mooresville

A house at 171 Easton Drive in The Point has sold for $880,000 after being listed by Doris Nash of Ivester Jackson Distinctive Properties at $929,900 two months ago.
Full Story Here

Opinion

Charitable giving, economic development, Red Line Q&A

By Dave Yochum

New statistics from the N.C. Secretary of State indicate North Carolinians gave less to charity in 2011 than 2010. However, the same report also indicates people supported the non-profits that got better returns.
The Charitable Solicitation Licensing Division Annual Report says that charities licensed by the state collected $26.7 million from North Carolinians during the 12-month period.

The 2010-2011 report shows that of the money collected, $13.2 million went directly to the charities for which the fund-raising campaigns were being conducted. That’s a 49.46 percent return to the charities for each dollar donated.

Full Story Here

On the Record (register to access)

Homes sales: Feb. 2012

Login to access home sales from across the Golden Crescent.

Full Story Here

Foreclosures: Feb. 2012

Login to access foreclosures from Cabarrus, Mecklenburg, Iredell.

Full Story Here

New corporations: Feb. 2012

Login to access this month's New Corporation filings.

Full Story Here

Online Editions

Read the current issue of Business Today online!

Full PDF versions of Business Today are available to be read online...

Read Current and Archived issues!

Full Story Here

RSS Feed | Archived Articles Login