Business
Lake Norman Chamber of Commerce hosts Focus Friday
July 15. On Friday, July 17 from 8:30 to 10 a.m., North Carolina Senator Jeff Tarte and Mecklenburg County Commissioner Jim Puckett will speak at the Lake Norman Chamber of Commerce meeting on the issue of toll lanes on I-77 at Lake Norman. The event, called Focus Friday, is intended for Commerce members but guests […]
Second-quarter net at blueharbor fell as new Statesville branch opens
July 10. Mooresville-based blueharbor bank says net income during the second quarter ended June 30 was $174,743, compared to $302,076 during the same period last year. For the first six months of this year, the bank reported net income of $353,220, compared to $545,593, for the six months ended June 30, 2014. For detailed results […]
Sofa, so good: Cornelius couch-maker will be on new Fox series
July 10. Steve Sechrest, the owner of COCOCO furniture, says his company will be on a new Fox TV reality show called “Home Free” this summer. COCOCO is the new name for the Comfortable Couch Co. in the Oak Street Mill in Cornelius. “One of the TV production company designers saw our furniture in Atlanta […]
Nutec building $19.2 million plant in Huntersville; 61 new jobs
July 9. Nutec Group will build a new, 62,500 square foot advanced manufacturing facility on Mt. Holly-Huntersville Road in Huntersville. The industrial insulation company will create 61 new jobs. Nutec, headquartered in Monterrey, Mexico, has plants in Brazil, Mexico and Spain. The Charlotte Chamber, Charlotte Regional Partnership, Economic Development Partnership of North Carolina, EnergyUnited and […]
Strategic Investment Advisors is now Uwharrie Investment Advisors
July 9. Uwharrie Capital Corp. has changed the name of it’s wealth management subsidiary, Strategic Investment Advisors, to Uwharrie Investment Advisors Inc. The Albemarle-based financial company says the anchor name of the parent company provides a single, cohesive presence. Uwharrie Capital and its subsidiaries, which serve Anson, Cabarrus and Stanly counties, dates back more than […]
Bukowski departs Cabarrus EDC for Charlotte Regional Partnership
By Dave Vieser. Margie Bukowski, formerly senior vice president for economic development at the Cabarrus Economic Development Corporation, is the new director of business development services at the Charlotte Regional Partnership. “Margie did a great job for us and really helped get our economic development efforts back on track,” said Cabarrus Chamber CEO Patrick Coughlin. Bukowski […]
Point counterpoint: I-77 toll lanes
By Kurt Naas. Now that local governments and businesses have lined up against the I-77 toll lanes, the North Carolina Department of Transportation (NCDOT) has been offering up three more rationales why they must move forward with this project. First, we’ve been told it’s “tolls or nothing for 20 years.” That may have been true in […]
Aquesta names city executive for Concord
Aquesta Bank has recruited commercial banker Michelle Riley from Bank of North Carolina to be the Concord City Executive for the Cornelius-based bank. “It’s a very attractive market; there are quite a few businesses that are looking to expand there,” said Aquesta CEO Jim Engel. “This [a commercial loan production effort] is a very practical […]
CMBS delinquency rates keep falling
By John Rehkop. After several years of stagnant growth, the commercial mortgage backed security (CMBS) market continues to pick up steam as a rise in new loan issuance is causing delinquency rates for commercial loans to fall, both locally and nationally, according to commercial real estate research firm Trepp, LLC. In the Charlotte metropolitan area, balance […]
Burn Boot Camp is bulking up with franchise, corporate stores
By Rachel Daniels. Burn Boot Camp is flexing its muscle, less than three years after it started in an empty parking lot. Entrepreneur Devan Kline is already up to eight North Carolina locations and 1,700 clients. Twelve more units, franchises and company-owned, will open by 2016 throughout the Southeast and New York. He’s changing the world […]
