Business
Dealing with growth means making the tough decisions
By Dave Yochum. Growth and how to manage it are two of the biggest issues in this fall’s elections in both Concord and Kannapolis, the largest cities in Cabarrus County. In Concord, a new Walmart in a sensitive area is under consideration. In Kannapolis, city government has done nothing less than buy downtown from a billionaire. […]
PDQ ‘land banks’ prime corner at Westmoreland and Hwy. 21
PDQ’s commitment to Cornelius appears to be pretty darn quantifiable. The Tampa, Fla.-based restaurant chain expects to close on the corner lot across Hwy. 21 from its flagship store, Tenders. The asking price for the 1.63 acre parcel was $725,000, according to Cornelius real estate agent Terri Mayhew of RE/MAX Executive. The deal is expected […]
Uwharrie Bank expands into Mecklenburg
Oct. 15. Albemarle-based Uwharrie Bank plans to expand into Mecklenburg County with residential mortgage lending, commercial lending and wealth management services. Uwharrie has operations in Anson County and Stanly County, as well as Cabarrus, where it formerly operated as Cabarrus Bank & Trust. Uhwharrie is opening Charlotte office at 141 Providence Road for its residential mortgage operations. […]
LKN Chamber collecting for SC flood victims
Oct. 12. The Lake Norman Chamber is collecting relief supplies for victims of flooding in South Carolina. They are still in need of water, cleaning supplies (rubber gloves, trash bags, cleaners) and non-perishable food. Bill Russell, CEO of the chamber, is a former president of the South Carolina Jaycees, and has the connections to get […]
Are you in a cash flow crunch? Part 2 of 2
In last month’s column, I shared some common missteps businesses make that may be the reason behind poor cash flow, in spite of having plentiful sales. The real question is, what can be done when you still have employees and vendors to pay, orders to fill, and your sanity to maintain? Many business owners become […]
NASCAR on track for change
By Dave Friedman. The economics of NASCAR are surprisingly simple, and by-and-large have remained intact for a long time. Unlike most other professional sports, for decades there has been no union, drivers work as independent contractors, and if you have the cash and car, you can race against the big boys. However, times are changing, and […]
Top Women Champagne Reception is Oct. 21 at River Run Country Club
Thirteen women leaders will be feted at Business Today’s Top Women Champagne Reception at River Run on the evening of Oct. 21. In addition to champagne and hors d’oeuvres, there will be a mini business expo designed with women in mind. The Presenting Sponsor is Duke Energy. Gold Sponsors include Uwharrie Bank, Potter & Co. and […]
Incoming Chamber chair focuses on member ROI
Snapshot: Tim Vaughn Title: Incoming Chairman Cabarrus Chamber Day job: General manager of Hilbish Ford, Kannapolis Lives in: Kannapolis Family: Wife Gail Vaughn, two grown children Volunteer boards: Kannapolis Education Foundation Board, Cabarrus Arts Council Board, former board member of Habitat Cabarrus County Tim Vaughn, the general manager of Hilbish Ford in Kannapolis, takes over […]
I-77 lawsuit hearing date set for Jan. 8; fundraising under way
Oct. 6. It looks like the Widen I-77 law suit is moving ahead in the face of substantial legal expenses. Widen I-77, the citizen-based group that has fought the toll lanes for going on three years, has agreed to key milestones in the lawsuit against the I-77 private toll lane project. “There remains a substantial […]
Alevo produces first batteries, with only 130 workers on site.
By Marty Price. Less than one year after taking possession of the former Philip Morris complex in Cabarrus County, Alevo is poised to add hundreds to the work force at its Victory Industrial Park. Located on Highway 29 in Concord, the 2,100 acre site has been abuzz with activity since the materials to build the […]
