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

Green Drinks Thursday

Feb. 22 Green Drinks Lake Norman meets 5:30-7:30 pm Feb. 23 at Campania Café in South Main Square in Davidson. Topic: The Sustainability Scholars Program at Davidson College. Info: Kathleen Rose 704-896-0094


Toastmasters workshops

Feb. 22 The Davidson Toastmasters is presenting a four session workshop April 4, 11, 18, 25. Info: Tim White 704-947-6932, or tim.white614@gmail.com


Cornerstone merges

Feb. 22 Cornelius-based Cornerstone Financial Partners has merged with Martha Wright’s LPL Financial firm in Greenville, SC.


Dove House auction items

Feb. 22 The Dove House Children’s Advocacy Center's fundraiser April 28 at the Charles Mack Citizen Center needs new auction items, services and gift certificates for “An Evening for Dove House”. Info: Ken Wooten 704-883-9814 or ken@dovehouse.us


Uwharrie posts higher net

Feb. 16 Uwharrie Capital Corp, parent company for Bank of Stanly, Anson Bank and Trust and Cabarrus Bank and Trust, reported net income for the year ended Dec. 31, 2011 of $900,000, an increase of $187,000 compared to the prior year. Net income available to common shareholders was $255,000 or 3 cents per common share this year compared to $68,000 or 1 cent per common share for 2010. Net income available to common shareholders reflects the payment of dividends on preferred stock issued by the Company. At Dec. 31, 2011 the company had total assets of $527 million.


RCCC hosting skills contest

Feb. 9 Rowan-Cabarrus Community College is hosting the SkillsUSA Regional Competition to encourage students, teachers and industry to work together to build a skilled workforce. SkillsUSA is an applied method of instruction for preparing America’s high performance workers in public career and technical programs.

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Small Business Toolbox

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.

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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.
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UPDATE Red Line withstands Iredell vote—barely

Board members Ken Robertson, Marvin Norman, Chairman Steve Johnson, W. Frank Mitchell and Renee C. Griffith voted unanimously

In front of North Meck officials, including Davidson Mayor John Woods and Bill Thunberg, executive director of the Lake Norman Transportation Commission, the Iredell Board insisted on  more information on the $452 million plan.
Jan. 17 Iredell County commissioners didn't derail the proposed Red Line at their Tuesday night board meeting. They just put a herd of cattle in front of it.

After a series of blunt arguments against the proposed commuter and freight service from Charlotte to southern Iredell County, they voted unanimously to withhold support for the "current draft business finance plan," saying "we believe the draft plan will lead to higher taxes for all citizens of Iredell, despite claims to the contrary."

The resolution said Iredell will reject all future Red Line proposals unless the consultants hired by the NC Department of Transportation produce the names of the corporations that will build along the proposed line.

“We have an obligation, if we are going to turn this thing down, that they have a target to shoot at,” said Steve Johnson, chairman of the Iredell Board of Commissioners.

Like Tonya Harding at a sportsmanship convention, the Red Line consultants fled the meeting room in Iredell County's historic government building, where "In God We Trust" is emblazoned in stone across the entryway.

I can not in good conscience hold the taxpayers of Iredell County hostage. In the economic times we live in, I cannot see this as a good investment," said Renee Griffith, a member of the Iredell board. Commissioner Ken Robertson, who said he was "totally out" when it came to supporting the Red Line, declared that Iredell would likely be left holding the bag because it is at the terminus of the Red Line, and therefore most subject to cost over-runs. He said the nature of commuter rail, coupled with Iredell's highly regarded school system, would bring young families, not jobs. The factories and office buildings that drive ratables would stay in Mecklenburg, Robertson said.

Mark Briggs

The Red Line Regional Rail project requires buy-in from all the governments up and down the 25-mile line. Supporters say the line would spur development at each of the commuter stations from Huntersville to Mooresville, as well as "freight villages" that would enhance tax ratables from new manufacturing plants.

Asked if a thumbs-down from the Iredell County Commission meant "game over" for the Cornelius Mayor Jeff Tarte said: "Probably.  There are alternatives but they are difficult at best."

The Red Line, which would extend from Gateway Station near the center of Charlotte to Mount Mourne, near the Lowe's corporate headquarters in Mount Mourne, comes out of years of study and planning for growth. The Metropolitan Transit Commission established a task force in June 2010. With support from the N.C. Department of Transportation, the MTC has asked for intense study right now as well as public hearings, followed by votes up or down in the spring.

Iredell has been consistently absent at Red Line-related meetings, and the effect of its opposition to the plan was the first question posed at Cornelius Today's Newsmakers Breakfast last week at The Peninsula Yacht Club.

At Tuesday's Iredell Commission meeting, the consultants who are trying to outline the plan to local governments, Mark Briggs of Parsons Brinckerhoff Advisory Services and Katherine Henderson of KKH Consulting, might as well have been steak tartare at a bed and breakfast for alligators.

County chair Johnson used the word "cockamamie" to describe the financial acumen behind the plan. Saying that "major components" in the plan were faulty, Johnson said the best way to insulate Iredell taxpayers from cost overruns is a "sound business plan based on hard numbers."

Johnson stated: "If anybody worked for a U.S. corporation and went in with a business plan like this I'd be surprised if they had a job."

Tarte said that all nine entities that would be involved -- Mecklenburg and Iredell counties;  Huntersville; Cornelius; Davidson; Mooresville; Charlotte; the N.C. Department of Transportation, and the Charlotte Area Transit System -- "all need to agree for us to move forward." Even without the Iredell County issue, the plan requires buy-in from property owners on a local level. Tarte said establishing the special tax assessment districts "may be an equally difficult hurdle even if it gets past Iredell."

Hot Properties

February 2012

Hot Properties

Cornelius: This 4,119 square foot lakefront house has sold for $834,000

In Cornelius

A house at 19710 Shearwater Point Drive has sold for $834,000 after being listed at $899,500. The 4,119 square foot lakefront house, which has a tax value of $842,300, was built in 1989 but fully updated.
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Entrepreneurs

Dogged pursuit of people

side of business pays

off in acquisitions

Judy and Tony DaDante

A resort-style spa in Mooresville, near Exit 33 on I-77, gives new meaning to the phrase creature comforts. Inspired by the “look and feel of a spa in Tuscany,” Pampered Pets Inn is a full-service pet boarding and day care facility. It’s just been acquired by Judy and Tony DaDante.

 

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Opinion

Editor's Notebook

Public relations nightmares can happen overnight

A lot has happened in the media lately that makes me shudder. Some of it has to do with the art of media relations, some has to do with media not doing our jobs.

• N.C. Rep. Thom Tillis put out a press release Jan. 28 saying, “I have concluded that most (but not all) of the mainstream media will not report on a balanced basis. … Therefore, effective today, I have resigned myself to embracing this reality and making the best of it.”

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On the Record (register to access)

Homes sales: Feb. 2012

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Foreclosures: Feb. 2012

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New corporations: Feb. 2012

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