Business
3 NC cities—but not Charlotte—are among 25 best run in the US
June 30. A well-run city isn’t just the product of efficient budgeting or lots of resources. It is the fruit of countless other decisions, ranging from police budgeting decisions to long-term debt. Even when the U.S. isn’t in a time of crisis, the larger the city, the more complex it becomes to manage. Charlotte just […]
Entrepreneur opens 10,000 sq. ft. coffee shop in Vietnam
June 25. By Emily Paton. Coffee-preneur Tony Vo has opened a 10,000 square foot coffee shop in Da Nang, Vietnam. “My hopes and goals for this location are to provide the people and communities of Vietnam the best cup of coffee while also experiencing the immense beauty of the country,” Vo said. “There are not […]
NC ranks No. 32 among states with ‘fewest coronavirus restrictions’
June 23. As Gov. Roy Cooper ponders exactly when to move to Phase 2.5 or Phase 3 reopening, it turns out North Carolina is about in the middle of all 50 states ranked by fewest coronavirus restrictions. We’re No. 32 on the list as researched by WalletHub. The state with the fewest restrictions is South […]
Opinion: Juneteenth was different this year
OPINION. By Eugene A. Woods. Millions of people across the nation celebrated Juneteenth, commemorating the end of slavery in the United States 155 years ago – the sequela of which we are still dealing with to this very day. I recently completed my family genealogy going back to the days when some of my own […]
Wells Fargo predicts strong 3Q rebound
June 15. The US Dept. of Labor’s most recent Unemployment Insurance (UI) claims data shows advance claims of more than 1.5 million during the week ended June 6. The numbers show initial claims have begun to decline, but they remain elevated above historic levels. The four-week moving average: Just over 2 million. Jobless claims declined […]
Prime Beverage investing $68 million in new plant in Cabarrus
June 9. Prime Beverage Group, a new contract beverage manufacturer, will spend $68 million on a new manufacturing facility in Kannapolis, creating 231 new jobs. Prime contracts with brand name beverage companies to mix and package their canned drinks. Formed by beverage industry leaders, Prime Beverage will establish a full-service state-of-the-art production facility in Kannapolis. […]
NC still sorting out how to manage through COVID-19
June 8. By Dave Yochum. As businesses assess their ability to operate with social distancing, one of the biggest challenges will be figuring out how people will spend their money. More people have become comfortable with online shopping; the trend could create shortfalls in local sales and even hospitality taxes. “Rethinking how services that rely […]
Ames Copper plans expansion in Shelby
June 4. Ames Copper Group, a joint venture of Prime Materials Recovery and the Cunext Group, will invest at least $26.3 million to expand its copper manufacturing facility in Shelby. It means 46 new jobs for Cleveland County. Ames Copper will ultimately invest more than $50 million in infrastructure, equipment and working capital over the […]
Food Lion acquiring 62 BI-LO and Harveys stores
June 3. Food Lion will purchase 62 BI-LO/Harveys Supermarket stores in North Carolina, South Carolina and Georgia from Southeastern Grocers for an undisclosed amount. Food Lion officials in Salisbury said the new stores will “deepen the company’s ability to serve more customers with fresh and affordable products.” Food Lion, which has more than 630 stores […]
Survey: More than 75% think job numbers won’t return to normal until end of ’21
June 2. Forty percent of Americans won’t feel comfortable getting on an airplane until there is a vaccine, according to a new WalletHub study. More than a quarter won’t feel comfortable staying in a hotel and 21 percent won’t feel comfortable dining out. The findings suggest consumer perception of their safety will be a big […]
