Charlotte

NY investment firm opens lending office for rental-home owners in Charlotte

February 28, 2014

(The Charlotte Observer)

BR2 Finance, a subsidiary of New York investment firm Blackstone Group, has opened a Charlotte office where it currently has 10 employees. The company loans money to landlords who wish to purchase more rental properties as investments. 

Leader of Charlotte airport commission asks FAA to weigh in over who's in charge

February 28, 2014

(The Charlotte Observer)

The chairman of the Charlotte Douglas Airport Commission has asked the Federal Aviation Administration to speed up its decision over whether the independent commission or Charlotte City Council should run the airport. Robert Stolz says city and state officials have failed to reach a compromise over who should control the airport.

Mortgage company selects Charlotte for headquarters

February 27, 2014

(The Charlotte Observer)

Irongate Home Finance will establish its headquarters in downtown Charlotte and will hire 125 people over the next 18 months. The mortgage company anticipates hiring 75 to 100 people per year through 2019. CEO Mark Marashlian said Charlotte's reputation as the second-largest banking center in the country contributed to the company's decision to locate there.

Advocacy group says Duke Energy paid no federal taxes from 2008-2012

February 27, 2014

(The News & Observer, Raleigh)

Citizens for Tax Justice issued a report that claims a corporate tax loophole allowed Charlotte-based Duke Energy to avoid paying federal taxes in recent years. A Duke spokesman says the company's taxes were lowered by bonus depreciation rules and that the utility pays hundreds of millions of dollars in state and local taxes each year.

Premier Inc. partners will racetrack alliance to provide concessions

February 27, 2014

(The Charlotte Observer)

Charlotte-based Premier Inc. will provide food-service concessions to members of Speedway Benefits, a Charlotte-based alliance of grassroots racetracks which has about 300 members. The health-services company also provides supply-chain services to non-health-care groups.

Publix opens first NC store today in Charlotte

February 26, 2014

(The Charlotte Observer)

Publix Super Markets opens its first store in North Carolina today in Charlotte's Ballantyne area. The Lakeland, Fla.-based grocery store chain plans to open 14 supermarkets in Charlotte over the next two years, as well as stores in Asheville, Cary and Winston-Salem.

Charlotte's Babcock & Wilcox gets federal contract worth up to $1.3 billion

February 26, 2014

(The Charlotte Observer)

Charlotte-based Babcock & Wilcox signed a three-year contract with the federal government worth up to $1.3 billion. B&W will make nuclear components for U.S. Naval defense programs, including power systems for submarines and aircraft carriers.

Charlotte chooses Atlanta valet-services firm for airport

February 26, 2014

(The Charlotte Observer)

Charlotte City Council approved hiring Atlanta firm AmeriPark to handle valet parking services at Charlotte Douglas International Airport. AmeriPark will begin a three-year contract at the airport this summer.

Charlotte's Swisher to take $101 million goodwill charge

February 26, 2014

(The Charlotte Observer)

Swisher Hygiene will take up to a $101 million non-cash charge which will erase most of the company's assets on its balance sheet. 

NTE Energy to build $450 million power plant in Kings Mountain

February 25, 2014

(The Charlotte Observer)

A Florida-based energy company will invest $450 million in a 480-megawatt plant in Kings Mountain where it will employ 30 with annual salaries ranging from $60,000 to $70,000. NTE Energy will produce natural-gas driven electricity with a new, clean technology and will sell its power to electric cooperatives and utilities. 

ACC football championship to stay in Charlotte for six more years

February 25, 2014

(The Charlotte Observer)

The ACC announced that Charlotte will host its championship football game through 2019. The game has been played at Bank of America stadium for the past four years, with an average attendance of about 70,000. 

Bonus checks for banking executives higher than last year

February 25, 2014

(The Charlotte Observer)

Annual bonuses in the financial industry are up 5% to 10% over last year, yet they are still below the levels they reached before the financial crisis. 

Unnamed company to invest $500 million in Kings Mountain project

February 24, 2014

(The Charlotte Observer)

Leaders of Kings Mountain are planning a major economic development announcement Monday evening. Mayor Rick Murphrey said an unnamed company plans an investment of $500 million and will bring 250 to 300 temporary construction jobs and 25 to 30 permanent jobs to southeastern Cleveland County.

Charlotte gets ready for CIAA; tournament may move next year

February 24, 2014

(The Charlotte Observer)

Charlotte is preparing for the annual CIAA basketball tournament, which produces an estimated $40 million economic impact, but its contract with the organization ends this year and tournament officials have yet to say whether or not it will return to Charlotte next year. The tournament begins Tuesday and runs through Sunday.

Charlotte's PassportParking to allow use of Bitcoin at parking meters

February 24, 2014

(The Charlotte Observer)

PassportParking Inc., a cloud-based parking management company based in Charlotte, says its customers will begin accepting Bitcoin digital currency for payment at meters and in parking lots. Passport's clients include the cities of Chicago and Detroit and Asheville's Parks and Recreation Department.

Charlotte may consider alternate plans for Eastland Mall site

February 21, 2014

(The Charlotte Observer)

Charlotte officials say they have yet to receive specific financial details from the developer who wants to build movie studios at the site of the former Eastland Mall, and they may consider other options for the site's redevelopment. Studio Charlotte Development was granted a six-month exclusive negotiating window that expires at the end of March.

'Peace Corps for geeks' to bring technology expertise to Charlotte

February 21, 2014

(The Charlotte Observer)

Charlotte is among 10 cities selected for a yearlong fellowship with Code for America, known as the "Peace Corps for geeks," which pairs technology professionals with local governments to improve services and community engagement.

Chinese manufacturer adding 30 jobs in Charlotte

February 21, 2014

(The Charlotte Observer)

China-based Fujisan Thermal Ribbon USA will expand, adding a distribution, sales and customer service center to its existing fulfillment center in Charlotte. The company, which makes ribbons for fax and barcode printing, expects to add 30 jobs over the next three years.

Google Fiber may be on its way to Charlotte, Raleigh-Durham area

February 20, 2014

(The Charlotte Observer)

Google has selected Charlotte, Raleigh-Durham and seven other metropolitan areas as potential locations to expand its Google Fiber data network, which provides Internet speeds up to 100 times faster than basic broadband. Representatives from Google will start working with Charlotte officials as early as next week to begin the joint planning process for the potential network there.

Sea Life aquarium opens today in Concord

February 20, 2014

(The Independent Tribune, Concord)

The 36,000-square-foot Sea Life Charlotte-Concord Aquarium opens to the public today at Concord Mills after a ceremony and ribbon-cutting this morning. The aquarium, which took six months to build, features 5,000 sea creatures and more than 20 displays.