Business

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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 […]

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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 […]

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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 […]

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Millennials: Are we recruiting this generation?

By Dave Yochum.  Baby Boomers were the cat’s pajamas back in the 70s and 80s, but that generational cohort has been supplanted by Millennials. Everyone wants them, even though not everyone can communicate with them. Charlotte is No. 12 on a list of 50 cities that are attracting millennials and helping them prosper—and take over […]

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Aquesta net slips during third quarter; new operations center in Mooresville

Aquesta Financial Holdings, the parent company of Aquesta Bank, reports third-quarter net income fell from $757,000 (19 cents per share) last year to $702,000 (17 cents per share) for the three months ended Sept. 30. Jim Engel, CEO, said loan and deposit growth were good, despite the fact that earnings were muted due to larger […]

Visit LKN lands top industry awards

Nov. 5. Visit Lake Norman, the convention and visitors bureau based in Cornelius, was honored with four awards for achievement in destination marketing at the recent North Carolina Tourism Leadership Conference. VLN received a Gold Award for best Community Relations for the Ambassador and Internship Program that recruits ambassadors and interns to work in the […]

Spec development continues as local demand stays strong

By Erica Batten.  With decreasing vacancy rates, rising rental rates and a net industrial absorption rate well above historical averages, the Golden Crescent—Lake Norman to Kannapolis and the Speedway area—is a promising locus of investment for speculative development. According to the 2018 third-quarter report from Colliers International Group, a global real estate services and investment […]

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Cabarrus CVB publishes new visitors guide

Oct. 22. The Cabarrus County Convention and Visitors Bureau has released the new cover of their Destination & Motorsports Guide, featuring “creative locals” who represent a vibrant community. The official travel resource for Concord, Kannapolis, Harrisburg, Midland and Mt. Pleasant features quarterly covers, playing on the theme “People of Cabarrus.” They all make memories: Thrill […]

Polywood bringing 384 jobs to Roxboro

Polywood, a manufacturer of outdoor furniture made from recycled plastics, will create 384 jobs over five years in Person County, Gov. Roy Cooper announced. The company will invest $35.3 million to open a manufacturing and distribution center in Roxboro. “Bringing good jobs to rural communities like Person County is essential to helping all of North […]

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Women’s Business Expo with champagne, piano

Champagne, cars, a pianist, chocolate and interesting businesses will greet women leaders when they arrive at Business Today’s Top Women Champagne Reception and Expo at River Run Country Club Oct. 17. It’s the only business expo in North Carolina with champagne. Expo partners include the Cain Center for the Arts, Christmas Decor, Freedom Boat Club, […]

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