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Women comprise abaout half of NC population and only about a quarter of board seats

Gender diversity on corporate boards improves the bottom line

March 25. Women are underrepresented among the board of directors of the 50 largest publicly traded companies in North Carolina, according to research conducted by the University of North Carolina’s School of Law Director Diversity Initiative. Despite making up 51 percent of the total North Carolina population, women only represent 26.4 percent of board members […]

home-sales house appreciation

Can home ownership be made more affordable?

March 25. By Mike Walden. Traditionally, one of the ways to accumulate wealth was to buy a home. Indeed, owning a home was part of the “American Dream” of getting ahead economically. Sure, it might take a young household a few years to accumulate enough for a down payment, but once that was accomplished and […]

NC jobless rate flat at 3.5%; national rate is 3.9%

March 22. The state’s seasonally adjusted February 2024 unemployment rate was 3.5 percent, unchanged from January’s revised rate. The national rate increased 0.2 of a percentage point to 3.9 percent. North Carolina’s unemployment rate increased 0.1 of a percentage point from a year ago. The number of people employed increased 3,135 over the month to […]

New production facility:  Orbus Visual Communications/SEG Systems/Fabric Images

Orbus’ new $25 million plant in Huntersville means 100 new jobs

March 22. Orbus Visual Communications is opening a new $25 million manufacturing facility in Huntersville that will create 100 new jobs, in addition to the 86 jobs moving from Charlotte. Orbus is the nation’s largest producer of visual communications solutions for trade shows, retail environments and workplace interiors. Orbus, which acquired SEG Systems in 2022 […]

Source: Forbes Advisor

NC most expensive state for healthcare, according to Forbes Advisor study

March 21. North Carolina is the most expensive state for healthcare, with the highest average premium for residents with “plus-one” health insurance coverage through an employer—$4,781 annually—according to a Forbes Advisor nationwide study. We also have the second-highest average premium for family health insurance coverage through an employer at $7,180.33 annually. Six of the 10 […]

EnergyUnited lands award

March 21. Statesville-based EnergyUnited has landed an Energage 2024 Top Workplaces USA award. The Top Workplaces program has a 15-year history of surveying more than 20 million employees and recognizing the top organizations with more than150. Over 42,000 organizations were invited to participate; winners were chosen based on employee feedback. The electricity cooperative has four […]

$1,510,000 8523 preserve pond rd cornellius

Hot Properties: Million-dollar deals

March 19. Recent home sales in excess of $1 million, this one, in Robbins Park $1,510,000 John & Deborah Foote to Ryan & Sara Wheelan, 8523 Preserve Pond Rd., Cornelius

Dogwood:A Southern Table rendering

Rare Roots Hospitality bringing Dogwood back to Charlotte

March 18. Rare Roots Hospitality, owned by Kim & Jon Dressler of Dressler’s fame, will reopen Dogwood: A Southern Table in the newly renovated Westin Charlotte later this year. Located in Ashley Square in SouthPark from 2014 to 2023, Dogwood was known for its modern approach to Southern classics, seasonal produce, an inventive cocktail menu […]

Business leaders will be recognized at LKN Chamber gala March 21

March 18. At the Annual Meeting this Thursday of the Lake Norman Chamber of Commerce a number of individuals will be recognized for their contributions to the business community: —Business Person of the Year: Olee Joel Olsen Jr., O2 Group Ventures —Entrepreneur of the Year: Justin A. Ckezepis, WSIC —Citizenship & Service Award: Robin Smith […]

ServisFirst announces new mortgage loan officer

March 14. Christy Phillips has joined ServisFirst Bank as a mortgage loan officer in the new ServisFirst branch on Bailey Road, just east of Hwy. 21. She’s the first and sole mortgage loan officer within ServisFirst’s North Carolina offices. Phillips has more than 27 years of banking experience, having worked with mortgage brokers, dealers and […]