Business
Hospitality industry woes slow NC recovery
July 9. North Carolina’s unemployment claims have experienced the 10th slowest recovery among all 50 states and the District of Columbia. A new study from WalletHub says North Carolina new unemployment claims were up 915.38 percent the week of June 29 compared to the week of July 1, 2019. It’s the seventh slowest economic recovery […]
NC economy recovering slower than US
July 2. North Carolina’s unemployment claims are recovering more slowly than the rest of the country; in fact, the state is experiencing the eighth slowest recovery nationwide, according to a new study. A WalletHub study of jobless claims compared the time period from the middle of March this year to the week of June 24 […]
Safety first: Visit Lake Norman and local businesses earn Count On Me NC certifications
Lake Norman boasts 24 certified businesses in the VisitNC public health initiative campaign Count on Me NC. The initiative aims to provide training for business owners, management teams and staff members on COVID-19 related information and best practices. North Carolina has a growing total of 2,750 participating businesses in the campaign. The area hospitality businesses certified include Visit […]
Billion-dollar investment: Centene coming to University City
July 1. Centene Corp. announced Wednesday it has selected Charlotte as the future home of its new East Coast headquarters, creating more than 3,237 new jobs in the city. Centene will invest $1 billion to develop a state-of-the-art corporate campus in the University City neighborhood. The campus will house 3,200 employees and feature an on-site […]
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. […]
