Business
Cabarrus eases up on tax deadlines, penalties
April 26. Cabarrus County has a unique approach to helping business cope with the COVID-19 crisis. The County Commission waived deadlines and penalties for occupancy taxes as well as ad valorem listings. Occupancy taxes are due and payable on the 20th day of each month. The board waived the penalty associated with missing the deadlines […]
SBA grants Cooper’s request for disaster aid
The Small Business Administration granted Gov. Roy Cooper’s request for a disaster declaration for small businesses that are suffering economic losses due to the new Coronavirus, COVID-19. Many small businesses are desperate straits right now as the virus brings business to a near halt. At the Governor’s request, the SBA granted a disaster declaration to […]
Chasing Cornelius bucks
March 12. By Dave Yochum. Chase Bank has begun demolition work at the old Rite Aid building at Jetton and West Catawba where it will build a 3,000 square foot branch with a two-lane drive through. It’s part of Chase’s entry into North Carolina, starting with a branch in Chapel Hill. Chase plans to add […]
Colorado lawsuit names local investment advisors
By Dave Yochum. A lawsuit filed in Denver, Colo., by the receiver overseeing the assets of an alleged Ponzi artist has also named a Cornelius financial advisor and his company as defendants. The Colorado lawsuit, filed in Denver District Court, for the first time names Marlin Hershey and Performance Holdings as defendants and alleged co-conspirators. […]
FDIC: Bank deposits soaring in Cornelius
By Dave Yochum. Brand new market share reports from the Federal Deposit Insurance Corp. show big gains in banking deposits in Cornelius. Between June of 2015 and June of 2019, deposits in Cornelius deposits rose 35.9 percent to $1.098 billion. And, more is on the way. Chase Bank plans a new branch on 1.5 acres […]
Aquesta net income rises 46.8% year over year
Aquesta Financial Holdings—Cornelius’ only home-grown bank and public company—reports that 2019 net income increased dramatically. Earnings from continuing operations grew at the rate of 46.8 percent year over year. Jim Engel, CEO & president, said he hoped the momentum from “excellent earnings and balance sheet growth” for the final quarter of 2019 would carry into […]
Cornelius author, consultant hops into craft beer
By Dave Vieser. Lost Worlds Brewery has found a place in a strip shopping center on West Catawba in Cornelius. If all goes as planned, the suds will be flowing sometime this winter according to co-owners Dave and Allison Hamme. The brewery was founded to create a “basecamp for adventure-seekers,” said David Hamme, a nationally […]
Pro sales tax forces have spent millions to impact public opinion
By Dave Vieser. This fall, voters in Mecklenburg County are being given the option to raise the local sales tax from 7.25 percent to 7.50 percent. Revenue from such a tax hike would raise approximately $50 million annually. About 45 percent would go to the arts, $17 million to parks and recreation, $8 million to […]
Michael Waltrip Raceworld complex under contract to top auto dealer
By Dave Yochum. Business Today reported last week that the owners of Lake Norman Chrysler Jeep Dodge have the former Michael Waltrip Raceworld under contract for an undisclosed amount. LKNCJD owners Robin and Jack Salzman plan a new retail facility that would include a prep shop and 10,000 square feet of space for non-profits and […]
Following the money: Chase plans to build a branch in Cornelius
Aug. 5. By Dave Vieser. In an area already filled with financial institutions, Cornelius may be landing another big one. Chase Bank has its eyes on prime corner property at Jetton and West Catawba where a closed Rite Aid pharmacy stands. Chase actually intends to demolish the old pharmacy. It will also build a bank […]
