Business
Aquesta reports sharply higher second quarter
July 21. Aquesta Financial Holdings reported record operating income for the second quarter of 2015: $590,000 vs. $446,000 during the same quarter last year. Total assets increased to $269.1 million at June 30, compared to $263.6 million at year-end. Total loans increased to $184.1 million at June 30, vs. $172.2 million at the end of 2014. “Our strong […]
Evernham: Toll planners should be ‘ashamed’
July 15. [UPDATE 1:45 pm] Opposition to the I-77 toll plan continues to gain speed. Major voices in the motorsports community are speaking out against the $650 million plan to widen I-77 with a public private partnership. As reported in BusinessToday’s July print edition, Humpy Wheeler opposes the current plan. Another major voice in the motorsports […]
Shell no, Exxon yes
If you believe gasoline is gasoline, then the fact that Exxon has replaced Shell at the Express Mart on West Catawba Avenue is no big deal. “It’s a local change that we’re implementing just in the Charlotte area,” said 7-Eleven spokeswoman Margaret Chabris. Texas based 7-Eleven acquired 55 Sam’s Mart Convenience Stores in the Charlotte […]
Sofa, so good: Couch-maker will be on Fox TV series
July 10. Steve Sechrest, the owner of COCOCO furniture, says the company will be featured on a new Fox TV reality show called “Home Free” this summer. COCOCO is the new name for the Comfortable Couch Co. in the Oak Street Mill. “One of the TV production company designers saw our furniture in Atlanta and said, […]
Huntersville getting 61 new jobs in new plant on Mt. Holly-Huntersville Road
July 9. Nutec Group will build a new, 62,500 square foot advanced manufacturing facility on Mount Holly Huntersville Road in Huntersville. The industrial insulation company will create 61 new jobs. Nutec, headquartered in Monterrey, Mexico, has plants in Brazil, Mexico and Spain. The Charlotte Chamber, Charlotte Regional Partnership, Economic Development Partnership of North Carolina, EnergyUnited […]
The Marketplace’s first anniversary is Friday
The Marketplace, a Christian fair trade store, will celebrate its first anniversary at the Oak Street Mill on Friday, July 10, beginning at 6:00 p.m. At that time, they will also be introducing The Rolling Shack, a 22-foot step van designed to look like a Third World Marketplace. It will be traveling all over Charlotte and nearby cities […]
Hair biz growing at a good clip
By Dave Yochum. Hair is big and growing. Statista, an online statistics portal used by businesses around the world, says the hair styling industry was a $79 billion business worldwide last year, and by 2021 it will be worth $94.5 billion. So it just makes sense that Patrick Anderson has brought the Prestige Barber Institute to Cornelius. […]
LKN businesses en route to Raleigh with 300 no-toll signatures
June 30. Lake Norman power hitters like Chamber Chair Mike Russell, commercial real estate broker Tom McMahon, former Chamber Chair John Hettwer, racing executive Greg Wallace and bankers Tom Dutton and Jim Engel are on their way to Raleigh to express profound and deep-rooted opposition to the NCDOT plan to widen I-77 with toll lanes and a […]
Business leaders bus to Raleigh Tuesday to oppose toll plan
June 29. Lake Norman-area business leaders, ranging from bankers and racing executives to commercial real estate brokers and manufacturers, will travel by bus to the North Carolina State Capitol tomorrow to visibly join the fight against the public-private partnership that would widen I-77 with toll lanes. “I intend to call out that the NCDOT has the ability […]
Aquesta names City Executive for Concord
June 26. Aquesta Bank has recruited commercial banker Michelle Riley from Bank of North Carolina to be the Concord City Executive for the Cornelius-based bank. “It’s a very attractive market; there are quite a few businesses that are looking to expand there,” said Aquesta CEO Jim Engel. “This [a commercial loan production effort] is a […]
