Business
Strokes of genius: SwimMac facility to break ground soon
By Cathryn Piccirillo Sherman. The multi-million dollar SwimMAC complex planned for Langtree at the Lake will be located next to a Double-Tree Hilton brand hotel. “The North Mecklenburg area has a huge need for pool space,” SwimMAC Chief Development Officer, Norris Baker, says. “SwimMAC will be a first-class facility that’s renowned throughout the country.” SwimMAC is […]
Thinking about or considering buying or selling a business?
Over the past several months, I have witnessed buy-sell agreements fall through in businesses because of unanticipated developments that converted an appealing opportunity into a calamity of hidden surprises that ultimately killed the deal. As more and more Baby Boomer business owners are looking toward selling what they have built over the years, as well […]
Q&A with Susan Tillis is Thursday at Peninsula Club
Susan Tillis, the wife of U.S. Sen. Thom Tillis and a political force in her own right, will speak at Business Today’s Newsmakers Breakfast Thursday March 12 at The Peninsula Club. She proved to be a formidable statewide campaigner in the 2014 elections which saw her husband, a former Cornelius Town Commissioner, defeat an incumbent, […]
Niagara plans new $15 million investment, generating 16 new jobs
Feb. 27. Niagara Bottling, LLC a family owned and operated company, will bring 16 new jobs and invest $5 million dollars into their Mooresville plant. Niagara operates 15 bottling facilities around the U.S. With the installation of the new line, the Mooresville location will have a total of five bottle-filling lines. The 126 people at […]
Warehouse and flex space just right fit for fitness boutiques
By Dave Vieser. The increasing popularity of triathlon and cycling events—as well as getting fit in a fun setting—is spawning new entrepreneurial businesses. Elite Fitness and Performance opened their new facility in January at Carolina Courts in Concord, while Podium Multisport plans to open a 4,800-square-foot space in Cornelius in March. Driving the decision by both […]
Charlotte Venture Challenge looking for promising start-ups
Feb. 23. The 14th annual Charlotte Venture Challenge, in partnership with the Southeast Venture Conference, is looking for young companies seeking to connect with venture investors. Applications are due by March 3. The Charlotte Venture Challenge is the Southeast’s largest start-up competition, annually attracting over 100 ventures that compete for investor attention and customer discovery opportunities […]
Mr. Chairman: Steve Morris brings teamwork to Cabarrus politics
By Dave Friedman. After a period of gridlock, in-fighting, and nastiness that extended beyond the meeting rooms of the Cabarrus County Board of Commissioners, 2015 provides an opportunity for the newly cohesive and well-mannereded group to focus on projects that help the community. Commissioner Steve Morris is ecstatic about the new cooperative culture, but recognizes that […]
Uwharrie reports higher net income for 2014
Feb. 18 Uwharrie Capital Corp net income for the year ended Dec. 31, 2014, rose 76 percent to $1.68 million vs. $954,000 for the same period in 2013. For the full year, net income available to common shareholders was $1.09 million compared to $151,000. Total assets at year end reached $518.5 million.
Marcus Smith new CEO of Speedway Motorsports; dad is executive chairman
Feb. 12. The board of directors for Speedway Motorsports has named O. Bruton Smith as executive chairman and his son Marcus G. Smith as chief executive officer in a realignment of executive officers. O. Bruton Smith, 87, who has served as chairman and chief executive officer since Speedway Motorsports, Inc.’s initial public offering in 1995, […]
Newsmakers Breakfast Feb. 19 features N. Meck commissioner
Jim Puckett, the new Mecklenburg County Commissioner for District 1/North Mecklenburg, will speak at Business Today’s Newsmakers Breakfast Thursday Feb. 19 at The Peninsula Club in Cornelius. Puckett is a serious player in Mecklenburg County politics. The Huntersville Republican pulled off a comeback for his old District 1 seat back in November, after former Commissioner […]
