Business

This category contains 993 posts

Federal agency responds to Huntersville gasoline spill

March 31. The federal agency that regulates the Colonial Pipeline has issued a “Notice of Proposed Safety Order” that requires a series of improvements to avoid future pipeline spills in Huntersville. Colonial Pipeline repeatedly revised the size of the gasoline spill, doubling it to roughly 1.2 million gallons. The spill in Huntersville this past August […]

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Robinhood Markets announcement means $800 million for Charlotte economy over 12 years

March 30. Robinhood Markets, a financial services firm based in Silicon Valley, will invest $11.7 million to establish an office in Charlotte creating 400 new jobs. “With the second-largest financial center in the nation, North Carolina is one of the fastest growing tech hubs where companies like this know they can flourish,” Gov. Roy Cooper said […]

Charlotte Asian Festival's Dragon Boat race. COURTESY OF ANDREA LEE

Asian Festival, complete with Dragon Boat races, returning to Cornelius

March 23. The Asian Festival & Dragon Boat Race, postponed from May 2020 to October and then cancelled entirely for last year, comes back Oct. 16 to Ramsey Creek Park. A long-standing spring tradition in Cornelius, the event brings Dragon Boat races and thousands of foodies together to celebrate Asian cultures, diversity, ethnicity, roots and […]

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Successful written communications key to business success

March 22. Soft skills may be the most important ones in the midst of a rapidly changing workforce. Even Warren Buffett has said the best skills a person can have to be successful are good communication skills. We can all put on our Zoom shirts and have our virtual background, but the reality is that […]

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Waterbean opening 8th location

March 18. Waterbean Coffee, which poured its first cup in Cornelius, is opening an eighth location in the old Parliament Coffee space on South Tryon in Charlotte, even though owner Tony Vo said Uptown businesses will be among the last to recover. Thousands of jobs have either migrated to remote locations or disappeared. They’re expected […]

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Hugh Sykes is Main Street Champ in Mooresville

March 17. Long-time volunteer Hugh Sykes, the treasurer of the Mooresville Downtown Commission, has been named Downtown Mooresville’s 2020 Main Street Champion. A former business owner, Sykes has been a board member for more than a dozen years, managing the Downtown Mooresville Cruise-In event for many years which regularly attracted as many as 600 classic […]

Uwharrie upgrades to OTCQX Best Market

March 16. Shares in Uwharrie Capital, holding company for Uwharrie Bank, began trading today on OTC Markets Group’s OTCQX® Best Market. The company qualified to trade on the OTCQX and upgraded from the Pink market. OTC Markets Group operates financial markets for approximately 11,000 U.S. and global securities. Uwharrie Bank is a community banking organization […]

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Real estate 2021: More of the same but maybe not as intense as 2020

30 economists put Charlotte at No. 3 on list of cities likely to outperform March 15. By Dave Yochum. There isn’t enough supply to meet the demand for residential real estate, although one indicator—new listings coming on the market—improved during December. Charlotte’s real estate market is competitive, the suburbs more so. Canopy Realtor Association data […]

Uwharrie reports net income more than doubled 2020 over 2019

March 14. Uwharrie Capital Corp., parent company of Uwharrie Bank, reported consolidated total assets of $828 million at year-end 2020, vs. $657 million at the end of 2019. Net income for the year was $8.1 million vs. $3.1 million in 2019. The strong earnings for 2020 were driven by mortgage production, which increased from $122 […]

Brewery paying $1.799 million for downtown Huntersville property

March 12. Huntersville’s old police station will change hands for $1.799 million, pending Town Board approval Monday March 15. The buyer: 760 Craft Works which is expected to open a craft brewery. “We are excited to have 760 Craft Works bring to our downtown a brewery. Its location on the currently being constructed greenway trailhead […]

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