Business
Clyde Higgs new EVP at Castle & Cooke, Atlantic American; Jeff Austin out at Club at Irish Creek
May 5. In a press release that did not mention Lynne Scott Safrit, billionaire “David H. Murdock, chairman and chief executive officer of Castle & Cooke North Carolina, LLC and builder and founder of the NC Research Campus, has appointed Clyde Higgs to the position of executive vice president of operations and business development for Castle […]
From credit cards to SBA-backed loans, lending is up
By Katie Piccirillo Sherman. When Howard Kaplan bought the Lake Norman Sea Tow franchise in 2006 he made a small down-payment, while the seller financed the rest. Other entrepreneurs use back-pocket financing for start-ups, others use credit cards to smooth out the ebbs and flows of business. The National Small Business Association says about a third […]
Will golfing get out of the rough in 2015?
By John Rehkop. Local golf course operators are looking to create a new, more sustainable model for daily fee golf in the area after a confluence of factors left them in the rough. Golf clubs such as Birkdale and Skybrook in Huntersville were the crown jewels of daily fee golf when they came online in the […]
NACM’s Credit Managers’ Index showed signs of improvement in April
May 4. The April report of the Credit Managers’ Index improved slightly to 53.9, above “contraction territory,” according to the National Association of Credit Management. “It would appear that a collapsed energy sector, winter worries and trepidation regarding dollar values and the interest rate weighed pretty heavily on previous months,” said Chris Kuehl, NACM economist. […]
Internal memo reveals ‘nobody has a clear understanding’ of part of the I-77 contract
May 1. Internal communications at Cornelius Town Hall say “it appears nobody has a clear understanding” of a key component in the 50-year contract with a Spanish company. Local leaders on a state level are expressing concerns about the $655 million plan but it is unclear if they will affect the “financial close” with Cintra in […]
Bond refi saves Cabarrus $8.9M
April 22. Cabarrus County has closed a refinancing of old debt that will save the county $8.95 million in gross debt service over the next 15 years. The County refunded a total of $119.2 million in outstanding bonds through a private placement with SunTrust Bank. As a result, Cabarrus was able to lower its average interest […]
Pepsi Bottling Ventures will build Cabarrus plant
April 22. Pepsi Bottling Ventures will invest build a $12.5 million, 200,000 square-foot sales and distribution facility on 32 acres off highway 49 in the Town of Harrisburg. The new operation will allow Pepsi Bottling Ventures to retain more than 200 current jobs and consolidate both the Charlotte and Midland location into a single facility. […]
Aquesta posts 15% first quarter gain
April 21. Aquesta Financial Holdings reported operating income for the first quarter of 2015 rose 15 percent to $501,000 compared to $428,000 for the first quarter of 2014. Total assets decreased slightly to $263.1 million at March 31, compared to $263.6 million at year-end. During that same period total loans grew to $173.9 million compared […]
Lynne Scott Safrit resigns
April 20. Lynne Scott Safrit has resigned as president of Castle & Cooke, the real estate company behind the North Carolina Research Campus. A 33-year veteran of the operation, she reported directly to billionaire David Murdock, the founder of Castle & Cooke and the owner of Dole Foods. There’s no word on her replacement or […]
New corporation filings remain on the upswing
By Dave Vieser. So how is the regional economic recovery doing? The number of new incorporations is climbing, but concerns remain that small business is running a distant second. “While it’s true that we’ve seen an increase in the number of incorporations and LLCs I’d call it stabilization rather than a full-blown recovery,” said Bob McIntosh […]
