Recent Posts
20 units sold in project that taps demand for ultra luxury condos
By Dave Yochum. Some residential projects are game-changers. River Run comes to mind, as well as The Peninsula. These are residential projects that brought an entirely new level of amenities—and price—to the market back in the day. The Watermark condominium project just off West Catawba is another one. With pricing ranging upwards from $800,000 per […]
TDS plans to buy Continuum for $80 million
Aug. 14. By Dave Vieser. TDS Broadband Services, one of the nation’s largest telephone, broadband and television services, has a tentative agreement to purchase Continuum for $80 million. Mooresville-based Continuum is the municipally owned cable system that serves customers in Davidson, Mooresville and Cornelius. The deal, which must be approved by voters in Davidson […]
Xerox plans to copy successes of 3 Centers for Excellence
Xerox will build a new “Center of Excellence” in Cary worth more than $18 million and creating 600 jobs. The project is estimated to grow the state’s economy by $1.7 billion over the next 12 years. The Cary Center of Excellence will be the fourth of its kind for the company in North America, joining […]
Mooresville outfit adopts ESOP to help spur growth
AMS Retail Solutions says a new ESOP and a new contract with Samsung Home Appliances will help the Mooesville company to double its size to 1,000 employees. In the past nine months, AMS has acquired its largest customer by “having the industry’s best workforce and capabilities,” said AMS chairman and chief operating officer Bruce Ballard. […]
Opioid crisis has major implications for business
Aug. 7. By Dave Vieser. The opioid epidemic continues to loom large in North Carolina business and industry, although dispensing here has decreased by 24% since 2017. Fifteen states have passed laws limiting opioid prescribing for acute pain to a 7-day supply. Arizona, North Carolina, and New Jersey limit initial prescribing to 5 days. Prescriptions […]
Burke-Samson opening bakery next to Kindred
Justin Burke-Samson, the manager of the Davidson Farmers Market, will open a bakery called Bonjour Y’all next door to the Kindred restaurant where he was previously executive pastry chef. Bonjour Y’all replaces Gateau on Main Bakery and Dessert Bar in 700 square feet downtown. Gateau on Main will close in early August. The menu and […]
Waterbean eyes new locations as business nears 6-year mark
Five years and five locations later, Tony Vo, the entrepreneur behind Waterbean has secured his own coffee farm in Vietnam. “We will eventually have coffee shipped directly from Vietnam to our stores. It’s like having your own garden,” he says. Vietnam is the second largest coffee exporter, after Brazil. However, the majority of coffee from […]
Sprizzi not coming to Cornelius after all
Aug. 5. By Dave Yochum. Plans for the much-heralded Sprizzi Bev-Co. operation in the old Michael Waltrip Raceworld complex on Liverpool have fizzled out. An unnamed entity is buying Sprizzi for an undisclosed amount, according to Tim Goff, the president and CEO of Sprizzi. In December, Cornelius officials said they expected Sprizzi would create 250 […]
Billion-dollar industry becomes more legitimized every day
By Erica Batten. The question of whether to legalize the medical use of marijuana is about more than just the health effects, but the potential for cannabis products to treat chronic pain, anxiety, insomnia and inflammation, among other potential medicinal benefits, is what typically starts the conversation. Medical marijuana is already legal in 15 states, […]
Cabarrus County government targeted in social engineering scam
July 29. Cabarrus County officials released details of a social engineering scam that diverted a $2,504,601 vendor payment made by the County. Of that total, $1,728,082.60 remains missing. The County intended to send the money to Roanoke, Va.-based Branch and Associates Inc., which serves as general contractor for construction of West Cabarrus High, a new […]
