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Concord lands $900 million Eli Lilly plant
Jan. 28. Eli Lilly will invest more than $900 million and create nearly 600 jobs at a new plant at The Grounds at Concord, the site of the former Philip Morris plant. It is one of the largest economic development announcements in the history of Cabarrus County. Lilly’s facility, in the same sprawling complex as […]
Novant takes $40 million step to reduce turnover
Jan. 28. Burn-out and the Great Resignation are serious in the healthcare industry: Novant will spend $40 million to give every employee either an additional week of paid time off (PTO) or an equivalent cash award. “We recognize that we must care for our team members first so that they are able to care for […]
Birkdale Village breaks ground on $20 million re-do
Jan. 27. North American Properties’ $20 million redevelopment of Birkdale Village is under way in earnest. The owners of the 52-acre mixed-use project—the retail centerpiece of Lake Norman—officially began work yesterday on plans to create a 21st century community gathering place and a new retail experience. No more full circle The trademark circle or roundabout […]
United Bankshares reports record full-year 2021 earnings
Jan. 27. United Bankshares reported earnings for the fourth quarter and the year of 2021. Earnings for the fourth quarter of 2021 were $73.9 million, compared to earnings of $92.4 million or the fourth quarter of 2020. Earnings for the year of 2021 were a record $367.7 million as compared to earnings of $289.0 million […]
Phase Inc., part of Cornelius business incubator, lands NIH grant
Jan. 25. Phase Inc., which is operating out of the First Turn Innovations business incubator in Cornelius, has received a grant from the National Center for Advancing Translational Sciences (NCATS) to collaborate on 3D printing of medical devices. The grant will open new doors to bio-innovation, said Jeff Schultz, co-founder of Phase and co-founder of […]
Former NCDHHS Director will be CEO of Aledade
Jan. 26. Dr. Mandy Cohen, former Secretary of the North Carolina Department of Health and Human Services, will be the new CEO of Aledade Care Solutions (ACS), the health services unit of the primary care enablement company. Cohen, who assumes her new roles in March, is an internal medicine physician and nationally recognized public health […]
Davidson law firm adds estate planning attorney
Jan. 24. Cameron Crump is a new estate planning attorney at The McIntosh Law Firm in Davidson. She was previously a legal consultant for a Fortune 50 financial institution. Crump earned her undergraduate degree from Winston Salem State University and graduated from North Carolina Central University School of Law in Durham.
Hannah Smith is new service customer relations manager at LKN Chrysler Jeep
Jan. 24. Hannah Smith, who began as a receptionist at Lake Norman Chrysler Dodge Jeep Ram in 2016, has been promoted to Service Customer Relations Manager at the Cornelius dealership.
Milkbread opens in Davidson
Jan. 23. Milkbread, the new concept from famed restaurateurs Joe and Katy Kindred, has opened in Davidson, home of their first restaurant, Kindred, on Main Street. They also own Hello Sailor in Cornelius. Their new concept is an “all-day café focused on milk bread donuts, crispy chicken, vegetable-focused bowls, salads, and toasts,” according to Wagstaff […]
Charlotte workers who didn’t commute last year saved more than $3,000
Jan. 21. Due to the ongoing pandemic, many Americans spent the last year working from home, doing away with commuting and the costs of commuting. How much money did we save in 2021 by not going to the office? Using US Census Bureau and AAA data, Today Testing studied the commute times in 100 US […]