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Charlotte, NC 28211
01-Sep-2011
Charlotte News 14, August 31, 2011
WINSTON-SALEM, NC – One company says it’s ready to do some extensive hiring in the Triad.
US Airways is looking to fill positions at its reservations call center in Winston-Salem.
In April, the company announced it was going to be adding 200 jobs at the call center by October. It said the jobs start at $21,000 per year, plus benefits.
Click here for more details: http://usairways.greatjob.net/pub/usairways/index.html
31-Aug-2011
WSOC-TV, Charlotte – August 30, 2011
KINGS MOUNTAIN – Are textiles back? “I don’t know if I’d go that far,” Ken Mooney says with a laugh. “But it’s a move in the right direction.”
The same day dozens showed up at the Kings Mountain YMCA, hopeful of finding work with Ultra Machine, another company in the city announced its own job expansion.
Kings Plush, Inc., doing business as Specialty Textiles, Inc (STI), announced Tuesday that it would create 62 new jobs at its textile manufacturing facility.
For Mooney, who helps existing industries as part of his role with the Cleveland County Chamber, it’s the continuation of a small yet growing trend.
Given overseas costs and labor prices, more companies are looking at the U.S. for textiles.
And for a region built on textiles, that’s good news.
“Between the time, the distance, the cost, we’re seeing more (textile jobs),” he said.
FACILITY EXPANSION
STI will invest $4.9 million in the next three years, according to a release from the governor’s office, and add 32,000 square feet to the current facility.
The company currently has more than 170 employees at its Kings Mountain facility.
“With support from the state of North Carolina, Cleveland County and the City of Kings Mountain, STI plans to grow our manufacturing footprint in North Carolina,” said John Kay, STI president. “America was built on manufacturing and all the stakeholders at STI support our governors’ efforts to increase manufacturing in North Carolina.”
According to the company, it manufactures dobby and jac-quard fabrics used in promotional, mid-range and high-end segments for residential upholstered furniture.
The investment was made possible, in part, because of a $56,000 grant from the One North Carolina Fund.
Read more: http://www.gastongazette.com/articles/second-60408-coming-textile.html#ixzz1Wc4Kf7uY
23-Aug-2011
Charlotte Business Journal, August 22, 2011
The new 11-story building opened its new Center City building Monday, with the school describing the move as a historic step in strengthening its ties to Charlotte’s business community.
The 11-story, $50.4 million academic building at the corner of Ninth and Brevard streets provides the university with a space that will allow programming “tailored to the nearby business and residential community and the rest of Charlotte,” UNCC says in a written statement.
“UNC Charlotte Center City embodies the university’s mission to address the educational, cultural, economic and social needs of the greater Charlotte region,” says Chancellor Philip Dubois. “While we’ve had an active presence uptown for many years — and our roots date back to the old Charlotte College, which was located nearby — the new Center City facility is a tremendous new asset for delivering on our mission.”
Dubois says the Center City facility responds to the needs of the Charlotte region by offering programming focused on arts and the creative economy, business and finance, urban and regional development, health and community engagement.
The fall semester began Monday at both the main campus at University City and Center City. More than 25,400 students are enrolled, including more than 5,200 graduate students.
Some of those will attend classes in the 143,000-square-foot Center City building, which houses the Belk College of Business MBA program. It will offer graduate-level courses in accountancy, economics, mathematical finance, and the college’s doctoral program.
The College of Arts + Architecture’s Master of Urban Design and the College of Health & Human Services’ Master of Health Administration will meet at the building, and the Office of Extended Academic Programs will base its continuing education offering there.
The Center City campus classrooms will be booked with classes every day and evening from Monday through Thursday. In a typical week of classes, more than 1,700 students and more than 60 professors will attend and teach classes and labs in the building.
“UNC Charlotte Center City is essential in staking our claim to the university’s broader mission of community engagement, urban research and a contribution to economic development,” says Jerry Coughter, executive director, UNC Charlotte Center City. “The modern university and the modern city have to be integrated for everybody’s benefit. As North Carolina’s urban research university, when we’re better connected to the city and the region, that’s going to help grow the university and it will help grow the city.”
The new building also features an art gallery, bagel bar, 300-seat auditorium and indoor and outdoor space for conferences, arts and cultural activities and social events.
23-Aug-2011
HUNTERSVILLE, N.C. – August 23, 2011
More jobs are on their way to the Charlotte area. A Chicago-based company announced Monday afternoon it is moving it’s headquarters to Huntersville.
Lime Energy helps companies lower their operating and maintenance costs and reduce their carbon footprint. The company’s CEO said Monday that the company is now hiring. Andrew Ginn is a new hire at the company. The recent University of North Carolina graduate said he is fortunate to have the job.
“I have really good friends in school who have a Carolina degree and they’re working at a restaurant, so it’s really, really tough.”
Ginn said he searched for a job his entire senior year, and his job as a market analyst wasn’t easy to come by. Recently released numbers show the unemployment rate has slowly crept up since April, rising to a high of 10.1 percent in July. However, many say Lime Energy’s decision to move its headquarters to the Charlotte area has a large-scale economic impact.
Charlotte’s Chamber President Bob Morgan said Monday that several energy companies have relocated to the area over the past few years.
“The more energy firms we have brought, the more interest we have from others,” said Morgan.
Lime Energy offers energy consulting and helps clients lower energy consumption. Company executives say they will hire between 50 to 75 people in engineering and information technology fields over the next two years.
22-Aug-2011
Thirty-year fixed-rate mortgages are at the lowest level since Freddie Mac began keeping track in 1971.
If you’re house hunting or planning to refinance, and if you have good credit, the lowest mortgage rates in at least 40 years await you.
Thirty-year fixed-rate mortgages fell to an average of 4.15 percent in the week ending Aug. 18, according to Freddie Mac Freddie Mac Latest from The Business Journals Feds eye new data tool to detect pay discrimination30-year mortgage falls to lowest rate everFeds eye data tool to detect pay discrimination Follow this company ‘s weekly rate report. That’s the lowest level since Freddie Mac began keeping track in 1971. Fifteen-year fixed-rate mortgages fell to a record low of 3.36 percent, down from 3.50 percent the previous week.
One-year adjustable-rate mortgages also fell to a record low at 2.86 percent.
Low rates are largely attracting existing homeowners. Nearly 70 percent of all mortgage activity in the first half of this year was refinancing of existing mortgages.
More of those refinancing their homes are also choosing to shorten their loans, with a third of the homeowners who refinanced a 30-year mortgage shifting into a 20- or 15-year fixed-rate loan.
But there also are signs in the Charlotte region that the broader housing market is stabilizing. As previously reported, the number of Charlotte-area homes sold in July totaled 2,173, a 9.7 percent increase from a year ago, when closings totaled 1,980.
Additional good news: Median sales prices were down less than a percent for the year to date.
19-Aug-2011
Charlotte Business Journal, August 19, 2011
Fast growth to soon make it Lancaster’s largest employer.
Red Ventures CEO Ric Elias expects the company to add 500 jobs by early next year.
Red Ventures, the prized corporate jewel lured from Charlotte 20 months ago by S.C. recruiters, is already on a fast track to become the Lancaster County’s largest employer.
A new growth spurt is expected to push employment on the Indian Land campus to 1,200 workers within six months, says Ric Elias, chief executive of Red Ventures. He expects the business to add 500 employees companywide by early next year, with about 400 of those coming to the Indian Land site.
18-Aug-2011
By Bootsie Harris (Branch Leader, Cary/Stonebridge), August 16, 2011
After many months of anticipation, the new Cary Arts Center is now OPEN!
The official dedication ceremony and weekend full of events was held this past weekend and what a weekend it was! The ceremonies took place at the grand old building which sits at the end of Academy Street. The location is one of my favorite parts about the building because it seems as if it is set there to keep watch over the quaint charm of downtown Cary, North Carolina.
Since it’s opening in the 1870’s as Cary Academy, the building has been a center of education for many of Cary’s citizens. In fact, the building has played host to not one or two but three schools over the past 140 years. Now, after a major renovation of the 48,000 square foot treasure, the legacy of education continues as the Cary Arts Center where citizens and visitors can fill their minds, eyes and souls with the visual, artisan and performing arts.
When discussing the newly renovated treasure, Lyman Collins, Cary’s cultural arts director, stated that,
“We wanted to showcase the wonderful art we have just within our community… It was very important for us to keep the history alive in this building while recognizing it’s new.”
18-Aug-2011
Charlotte Business Journal, August 17, 2011Mecklenburg received more than $3.7 billion in domestic travelers’ expenditures to lead all of North Carolina’s 100 counties. Wake County ranked second with more than $1.5 billion, followed by Guilford County with more than $1 billion.
Tourism spending in Mecklenburg rose 12.2 percent from 2009 to 2010, the report says.
Mecklenburg directly employs the most tourism employees, with more than 41,000, and has the largest total payroll ($1.3 billion). Wake (18,430), Guilford (11,440) and Dare (11,260) each have more than 10,000 direct tourism employees.
The visitor spending figures are the results of an annual study commissioned by the N.C. Department of Commerce, Division of Tourism, Film and Sports Development and conducted by the U.S. Travel Association. The study uses sales and tax revenue data plus employment figures to determine the overall impact of visitor spending in the state.
“North Carolina has invested in education, transportation and infrastructure, helping create a terrific quality of life,” Gov. Bev Perdue says in a statement announcing the results. “That progress is attracting people and businesses to move here; and, as we see from this data, it also is drawing more tourists and visitors each year, fueling the tourism industry, a critical economic driver in North Carolina.”
Domestic visitors to and within North Carolina spent a record $17 billion in 2010, an increase of 9 percent from 2009. Visitor expenditures directly generated 183,880 jobs and nearly $4 billion in payroll income in North Carolina in 2010. Visitor spending in the state also directly generated nearly $1.5 billion in tax revenue for state and local governments in 2010, up 10 percent from 2009.
15-Aug-2011
Charlotte Business Journal, August 11, 2011
A startup furniture venture promises to bring up to 150 jobs to the Lincolnton area over the next few years.
A trio of furniture veterans has formed Lincolnton Furniture Co. with plans to begin producing bedroom and dining room furniture.
The idea is to reactivate Cochrane Furniture building on North Aspen Street, on the north side of Lincolnton, says Bruce Cochrane, president and chief executive of Lincoln Furniture. The immediate plan is to spend nearly $3 million for equipment in the facility, he says.
“Lincolnton Furniture Co. will be a desirable community addition as a place to work with competitive wages, in a safe environment, utilizing skilled America craftsmen,” Cochrane says.
About a dozen workers are already in the building. That number will grow to 75 by the end of the year, Cochrane says. By the end of 2012, he hopes to have up to 150 working in the plant.
Phillip Null is the company’s vice president of manufacturing, and Bruce Hric is the chief financial officer.
12-Aug-2011
A one-year adjustable-rate mortgage averaged 2.89 percent, also an all-time low.
“Renewed market concerns about the European debt markets led investors to shift funds into U.S. Treasuries, pushing long-term yields lower,” says Freddie Mac (OTC BB:FMCC) Chief Economist Frank Nothaft.
As previously reported, the number of Charlotte-area homes sold in July totaled 2,173, a 9.7 percent increase from a year ago, when closings totaled 1,980.
July sales were down 6.7 percent from June, when 2,330 homes were sold, according to the Charlotte Regional Realtor Association The average home price in July was $213,354, down 1.5 percent from July 2010 and a decrease of 1.4 percent from June’s average sales price of $216,391.
The association reports 2,083 pending contracts last month, an increase of 17 percent from July of last year and down 11.9 percent from last month.
The association compiles the data from a 10-county service area
