Business
Regulations stymie bank lending
By John Rehkop. Community banks want to lend more, and they have the capital to do so. But the Independent Community Bankers of America (ICBA) and other industry lobbying groups say a steady inflow of increased banking regulation that emerged from the financial crisis has bogged down many community banks in an avalanche of paperwork, and […]
Economist looks for economic development gains
By Dave Yochum. Look for North Carolina’s lower tax rate to provide a bigger boost to economic development in 2016, as the new 5 percent corporate rate takes hold this year. Michael Brown, a Wells Fargo economist based in Charlotte, says “we might start seeing a little more of a boost in a couple of years.” […]
Pat Riley: Building boom means shortage of qualified workers
By Dave Yochum. One of the biggest challenges right now in home construction and remodeling is a shortage of labor, says Pat Riley, chief operating officer of The Allen Tate Co. “It’s so hard to find talent for remodeling needs,” he says. Apparently the boom in residential construction is soaking up workers fast. New home prices […]
Commissioner Jim Puckett: We must work together on economy
By Dave Vieser. North Mecklenburg County Commissioner Jim Puckett says that the towns in North Mecklenburg and the Golden Crescent must work together in order to “fully demonstrate the economic power that we possess.” Puckett made his comments before a crowd of more than 50 people who braved record cold temperatures to attend the Feb. 19 […]
Lake Norman Realty annual awards
March 11. Cornelius-based Lake Norman Realty recognized associates and employees at its annual awards breakfast at River Run Country Club in February. Several employees were also promoted, including Denise Richards, to Vice President of Relocation and Corporate Services; Ryan Kotis as Assistant Vice President of Commercial and Relocation Services; and Katie Carpenter as Vacation Rental Coordinator. Lake […]
Strokes of genius: SwimMac facility to break ground soon
By Cathryn Piccirillo Sherman. The multi-million dollar SwimMAC complex planned for Langtree at the Lake will be located next to a Double-Tree Hilton brand hotel. “The North Mecklenburg area has a huge need for pool space,” SwimMAC Chief Development Officer, Norris Baker, says. “SwimMAC will be a first-class facility that’s renowned throughout the country.” SwimMAC is […]
Thinking about or considering buying or selling a business?
Over the past several months, I have witnessed buy-sell agreements fall through in businesses because of unanticipated developments that converted an appealing opportunity into a calamity of hidden surprises that ultimately killed the deal. As more and more Baby Boomer business owners are looking toward selling what they have built over the years, as well […]
Q&A with Susan Tillis is Thursday at Peninsula Club
Susan Tillis, the wife of U.S. Sen. Thom Tillis and a political force in her own right, will speak at Business Today’s Newsmakers Breakfast Thursday March 12 at The Peninsula Club. She proved to be a formidable statewide campaigner in the 2014 elections which saw her husband, a former Cornelius Town Commissioner, defeat an incumbent, […]
Niagara plans new $15 million investment, generating 16 new jobs
Feb. 27. Niagara Bottling, LLC a family owned and operated company, will bring 16 new jobs and invest $5 million dollars into their Mooresville plant. Niagara operates 15 bottling facilities around the U.S. With the installation of the new line, the Mooresville location will have a total of five bottle-filling lines. The 126 people at […]
Warehouse and flex space just right fit for fitness boutiques
By Dave Vieser. The increasing popularity of triathlon and cycling events—as well as getting fit in a fun setting—is spawning new entrepreneurial businesses. Elite Fitness and Performance opened their new facility in January at Carolina Courts in Concord, while Podium Multisport plans to open a 4,800-square-foot space in Cornelius in March. Driving the decision by both […]
