Business
Bond refi saves Cabarrus $8.9M
April 22. Cabarrus County has closed a refinancing of old debt that will save the county $8.95 million in gross debt service over the next 15 years. The County refunded a total of $119.2 million in outstanding bonds through a private placement with SunTrust Bank. As a result, Cabarrus was able to lower its average interest […]
Pepsi Bottling Ventures will build Cabarrus plant
April 22. Pepsi Bottling Ventures will invest build a $12.5 million, 200,000 square-foot sales and distribution facility on 32 acres off highway 49 in the Town of Harrisburg. The new operation will allow Pepsi Bottling Ventures to retain more than 200 current jobs and consolidate both the Charlotte and Midland location into a single facility. […]
Aquesta posts 15% first quarter gain
April 21. Aquesta Financial Holdings reported operating income for the first quarter of 2015 rose 15 percent to $501,000 compared to $428,000 for the first quarter of 2014. Total assets decreased slightly to $263.1 million at March 31, compared to $263.6 million at year-end. During that same period total loans grew to $173.9 million compared […]
Lynne Scott Safrit resigns
April 20. Lynne Scott Safrit has resigned as president of Castle & Cooke, the real estate company behind the North Carolina Research Campus. A 33-year veteran of the operation, she reported directly to billionaire David Murdock, the founder of Castle & Cooke and the owner of Dole Foods. There’s no word on her replacement or […]
New corporation filings remain on the upswing
By Dave Vieser. So how is the regional economic recovery doing? The number of new incorporations is climbing, but concerns remain that small business is running a distant second. “While it’s true that we’ve seen an increase in the number of incorporations and LLCs I’d call it stabilization rather than a full-blown recovery,” said Bob McIntosh […]
NC Manufacturing Institute launches at RCCC
April 15. The Centralina Workforce Development Board and Rowan-Cabarrus Community College will launch the North Carolina Manufacturing Institute at a community forum on Tuesday at the North Carolina Research Campus. Manufacturing firms, plant leadership teams, and guests are invited to the forum will focus on building a world-class manufacturing workforce for the region.The North Carolina Manufacturing Institute is […]
Manufacturing technology orders fall in February
April 11. U.S. manufacturing technology orders fell 14.8 percent in February compared to year-ago levels, according to the Association For Manufacturing Technology. February’s total of $304.74 million was also down 10.6 percent from January’s $341.02 million. With a year-to-date total of $645.76 million, 2015 is down 9.8 percent from 2014. “U.S. manufacturing is facing some […]
Franchise Employment Growth Continues to Outpace Economy-Wide Hiring
April 10. Franchise businesses will continue to increase and create jobs at a faster pace than the overall economy in 2015, according to the International Franchise Association. Employment and output growth for the franchise sector is expected to increase over the previous year. “Today’s report underscores the importance of a healthy franchising sector to the growth […]
Kannapolis will buy two more downtown properties
April 9. The City of Kannapolis plans to buy two additional properties in downtown Kannapolis: the former K-Town Furniture site at 136 Oak Avenue and a property located at 206 S. Main St. The Kannapolis City Council will consider authorizing a formal contract to purchase the properties at the April 13 meeting. The well-known K-Town Furniture building sits on […]
Psychiatrist: Prepare for mental illness at work
By Dave Yochum. The crash of the German jetliner in late March raises questions about mental illness and how employers should deal with troubled employees. Authorities say the co-pilot had a mental illness that he hid from the airline and that he was treated for suicidal tendencies before he became an airline pilot. “It is incredibly […]
