Newsroom
Opioid crisis hits where we work
With more than 42,000 Americans dead from opioid-related overdoses in 2016—40 percent of the deaths involved prescription painkillers—prescient employers are taking steps to prevent opioid misuse and addiction. The opioid crisis cost the economy $95 billion in 2016, with $21.4 billion spent on treating patients who suffer from opioid abuse, a new analysis from Altarum found. […]
Construction keeps building on the economy
By Erica Batten. The construction industry is projected to grow 4.5 percent over the next few years, reaching $1.2 trillion in real output by 2020. Much of the growth is directly related to government activity. Reconstruction of roads, bridges and other infrastructure, along with the government’s plan to make renewable energy 20 percent of the […]
Ingersoll Rand lands environmental and energy awards
Nov. 20. Ingersoll Rand has won the U.S. Chamber of Commerce Foundation’s Corporate Citizenship Award for Best Environmental Stewardship. The Davidson-based maker of commercial heating and air-conditioning systems was recognized for addressing greenhouse gas emissions in its own operations and products, and continued research for a sustainable future. The company achieved its commitment to reduce its own […]
NASCAR Hall of Famer Ray Evernham acquires JRi Shocks
Nov. 15. Motorsports icon and NASCAR Hall of Famer Ray Evernham has acquired Mooresville-based JRi Shocks for an undisclosed amount. Evernham will be involved in all areas of the business, including marketing and sales strategy, new product design and operations. JRI founder, Jeff Ryan, will continue to play a key role in the organization as both […]
New retail on W. Catawba is one of several on drawing board
Nov. 14. By Dave Vieser. A few days before the Cornelius Town Board is scheduled to vote on rezoning 11 acres between Catawba Avenue and Knox Road for a major retail center, a different developer is proposing another new project just to the east. The new project, referred to as the “20151 West Catawba Avenue […]
Uwharrie Capital declares stock dividend; strong 3Q results
Uwharrie Capital Corp, parent of Uwharrie Bank, has declared 2 percent stock dividend to be paid Dec. 14 to shareholders of record Nov. 28. Consolidated total assets rose 10.6 percent from $576 million as of Sept. 30 last year to $637 million as of the end of the third quarter this year. Net income for the […]
2019 Economic Outlook Nov. 15 at Newsmakers Breakfast
Charles Dougherty, a top economist with Wells Fargo Securities, will present an Economic Outlook at the Newsmakers Breakfast Nov. 15 at The Peninsula Club. Dougherty is a recognized expert in the commercial real estate, housing and construction sectors of the nationa, regional and macro economy. He regularly writes indicator reports, produces special commentary, and has […]
Kannapolis hopes to knock it out of the park with stadium
By Dave Friedman. In an aging stadium with no seats shaded from the summer sun, and few modern amenities, the Kannapolis Intimidators averaged a South Atlantic League low of 1,115 fans per game to watch during the season which concluded the first week of September. Intimidators Ballpark is located just off I-85 at Exit 63, […]
Rowan-Cabarrus Community College acquires acreage in Concord
Rowan-Cabarrus Community College has purchased two parcels of land totaling 16.44 acres near the South Campus in Concord from Crown Court. The additional acreage will accommodate the growth in Cabarrus County and the College’s future over the next three decades. “The College has long recognized the need to keep pace with the growing needs of […]
Top Women: Celebrate the Class of 2018
At the Top Women Champagne Reception at River Run Country Club Oct. 17, Business Today recognized 14 leaders who have had a substantial impact on their communities. This dynamic group of ladies has weathered both good times and bad and adapted, learning new skills while still maintaining an admirable record of giving back to the […]
