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Business News

North Carolina Opens Disaster Recovery Centers to Aid Community Recovery Efforts

North Carolina Welcomes New Disaster Recovery Centers On October 4, 2024, the city of Charlotte became the host to a beacon of hope for local residents and businesses affected by recent disasters. The U.S. Small Business Administration (SBA) has opened a Disaster Loan Outreach Center (DLOC) and two Business Recovery Centers (BRC). These centers are designed to assist those who have temporarily moved away from danger and are now seeking

October 8, 2024 No Comments

Business News

Raids Raise Concerns for North Carolina Dispensaries Amid Regulatory Uncertainty

Raids Raise Concerns for North Carolina Dispensaries CHARLOTTE, N.C. — It seems like the cannabis community in North Carolina is facing quite a bit of uncertainty lately. With law enforcement ramping up raids on dispensaries across the state, business owners are feeling the heat. The goal? To ensure that only legal products remain on the shelves. But as some dispensaries claim they’re following the rules, there’s a growing anxiety about

September 26, 2024 No Comments

Automotive

Charlotte’s Elizabeth on Seventh Achieves 90% Occupancy Amid Thriving Urban Development

Charlotte’s Elizabeth on Seventh is Nearing Full Occupancy Charlotte’s vibrant Elizabeth neighborhood is buzzing with excitement as a mixed-use development is making impressive strides towards full occupancy. Elizabeth on Seventh, a modern four-story building located at 1942 E. Seventh St., is already boasting a remarkable 90% occupancy rate just two years after its completion in 2022. This transformation has been driven by developments from the local firm, Crescent Communities, which

September 26, 2024 No Comments

Business News

Bowman and Brooke Opens New Office in Charlotte’s Elizabeth Neighborhood to Enhance Local Operations

Bowman and Brooke Expands Office Presence in Charlotte’s Elizabeth Neighborhood Charlotte, a bustling city known for its vibrant business scene, is set to welcome a new player in the legal world! The Midwest law firm, Bowman and Brooke, has made quite the move by securing a long-term office lease in the charming Elizabeth neighborhood. This strategic choice is part of their plan to strengthen their local operations and provide better

September 17, 2024 No Comments

Business News

Charlotte Residents Voice Concerns Over Gentrification and Community Displacement

Charlotte Residents Discuss Impact of Rapid Changes Charlotte, like many cities across the nation, is undergoing significant changes. For some residents, these transformations bring excitement and opportunity, while for others, they signify a heartbreaking loss of their long-held community identity. Just this past Tuesday, the Redress Movement, a national non-profit focused on fostering smart growth and addressing the legacies of housing segregation, held a forum titled “Lineages of Displacement and

September 14, 2024 No Comments

Business News

New Real Estate Rules Set to Begin This Weekend in Charlotte

New Real Estate Rules Set to Begin This Weekend in Charlotte Charlotte, NC – Beginning this weekend, new real estate rules will take effect that could significantly change the way homebuyers navigate the market in the region. These new regulations, effective August 17th, are aimed at increasing transparency in real estate transactions, but they are also raising concerns about potential additional costs for buyers. Changes in Buyer-Agent Compensation Under the

August 17, 2024 No Comments

Business News

Progress on Red Line as Charlotte Readies Acquisition of Norfolk Southern’s O Line

Progress on Red Line as Charlotte Readies Acquisition of Norfolk Southern’s O Line Exciting Developments in Charlotte Charlotte is making significant strides on the Red Line project, with plans set to solidify the acquisition of Norfolk Southern’s underutilized rail line. The city’s leadership is optimistic as the Charlotte City Council aims to finalize the deal by September 2024. This acquisition is a major step forward in a long-term initiative that

July 30, 2024 No Comments

Agriculture

Charlotte Residents Discuss Economic Development

Charlotte Residents Discuss Economic Development Residents of Charlotte, North Carolina, have voiced their concerns regarding economic growth and the inclusion of Black-owned businesses in city development plans. These discussions were a crucial part of the Sarah Stevenson Tuesday Forum that took place on July 9. The economic rise of Charlotte With significant growth in recent years, Charlotte is poised to continue its economic development journey. Proposed plans highlight a $650

July 11, 2024 No Comments

Business News

Former Charlotte Business Owner Pleads Guilty to Major Tax Offense

Former Charlotte Business Owner Pleads Guilty to Major Tax Offense In a recent turn of events, Peter Thomas, a renowned businessman and former member of the reality TV show ‘Real Housewives of Atlanta,’ has confessed to a significant tax violation case. Acclaimed for his role in the entertainment industry, and being a prominent business figure in Charlotte, Thomas has formally admitted his guilt for not accounting for and paying over

July 8, 2024 No Comments

Business News

Truist Bank Faces Litigation Over 2023 Cybersecurity Incident

Truist Bank Faces Litigation Over 2023 Cybersecurity Incident Incident Overview Located in the financial hub of Charlotte, North Carolina, Truist Bank has been besieged by lawsuit following a cybersecurity incident in 2023. The incident, which was reportedly contained quickly, nonetheless resulted in a legal dispute. A spokesperson for Truist Bank confirmed they are currently reviewing the case, while refraining from providing further comments on the ongoing litigation. Cybersecurity Incident and

June 25, 2024 No Comments

Category: Legal