Charlotte Business News
BUSINESS NEWS
Closure Announced for Cheap Joe’s Art Stuff Locations in North Carolina
News Summary Cheap Joe’s Art Stuff, a cherished provider of art supplies in North Carolina, has announced the closure of its locations in Charlotte, Boone, and Asheville after 40 years....
Legends Ice Cream Opens in East Charlotte
News Summary Legends Ice Cream, a vibrant Mexican ice cream shop, celebrates its grand opening in East Charlotte this Saturday at 2 PM. Co-owned by Javier Morales and Edwin Zelaya,...
Charlotte City Council Faces Scrutiny Over Small Meetings
News Summary The Charlotte City Council is under fire for holding small group meetings, raising concerns about transparency and accountability. Critics argue these gatherings may sidestep the principles of open...
SEECO Relocates to Monroe, Bringing New Job Opportunities
News Summary SEECO, the Southern Electrical Equipment Company, is relocating from Charlotte to Monroe, North Carolina. This move will create 71 new jobs in the area, with an attractive average...
Firefighters Race to the Rescue in SouthPark
News Summary On a seemingly ordinary Monday morning, the SouthPark neighborhood in Charlotte experienced a significant fire incident at an apartment building on Liberty Row Drive. Firefighters acted swiftly to...
Sycamore Brewing to Open New Location in Cotswold Village
News Summary Sycamore Brewing is set to launch a new family-friendly location in Cotswold Village Shopping Center by summer 2026. The venue will feature 18,000 square feet of space, including...
Charlotte Housing Market Update: Prices Increase Amid Low Inventory
News Summary The Charlotte housing market is witnessing a robust increase in home prices, with values soaring approximately 64% over the past five years. As of February, the average sale...
Whataburger Opens First Location in North Carolina
News Summary Whataburger is set to launch its first location in North Carolina, specifically in Gastonia, this coming May. The popular fast-food chain is creating excitement among locals, offering jobs...
Charlotte’s New Fitness and Co-Working Hub: The Club
News Summary The Club, a unique fitness and co-working venue, has opened in Charlotte’s South End. Co-owned by fitness professionals Meg Mars and Nicole Paradis, The Club combines cycling and...
Finance
Charlotte City Council Faces Scrutiny Over Small Meetings
News Summary The Charlotte City Council is under fire for holding small group meetings, raising concerns about transparency and accountability. Critics argue these gatherings may sidestep the principles of open...
SEECO Relocates to Monroe, Bringing New Job Opportunities
News Summary SEECO, the Southern Electrical Equipment Company, is relocating from Charlotte to Monroe, North Carolina. This move will create 71 new jobs in the area, with an attractive average...
Wells Fargo Unveils New Food Hall in Charlotte
News Summary Wells Fargo has transformed its Customer Information Center in Charlotte, featuring a brand-new food hall with seven stations, renovated auditoriums, and new amenities. The expansive 20,000 square foot...
Paymentus Holdings Reports Strong Q4 Earnings in Charlotte
News Summary Paymentus Holdings Inc. has announced impressive fourth-quarter earnings for 2023, reporting net income of $13.1 million, driven by a significant revenue increase. Their annual revenue rose to $871.7...
Charlotte Faces Economic Shifts as Trump’s Tariffs Take Center Stage
News Summary Charlotte residents are confronting significant economic changes due to new tariffs imposed by the administration. With stock market volatility and price increases on everyday goods looming, local consumers...
Charlotte Business Owners Face Uncertain Times
News Summary Small business owners in Charlotte express deep concerns regarding potential cuts to federal funding that are vital to their survival and growth. Many entrepreneurs rely on these funds,...
JELD-WEN Reports Major Losses in Fourth Quarter
News Summary JELD-WEN Holding, Inc. has reported a substantial loss of $68.4 million in its fourth quarter, leading to a share drop of 27%. Despite a revenue surpassing expectations, the...
Columbus McKinnon Announces $2.7 Billion Acquisition of Kito Crosby
News Summary Columbus McKinnon Corporation is set to acquire Kito Crosby Limited for $2.7 billion, a significant move aimed to strengthen its foothold in the lifting and securement industry. Headquartered...
Allegiant Travel Co. Sells Majority Stake in Sunseeker Resort
News Summary Allegiant Travel Co. is set to sell a majority stake in Sunseeker Resort in Charlotte Harbor, a move aimed at addressing financial struggles since its launch in December...
CONSTRUCTION
Firefighters Race to the Rescue in SouthPark
News Summary On a seemingly ordinary Monday morning, the SouthPark neighborhood in Charlotte experienced a significant fire incident at an apartment building on Liberty Row Drive. Firefighters acted swiftly to...
Charlotte Takes Strong Steps Towards Affordable Housing
News Summary Charlotte is grappling with an affordable housing crisis, prompting local nonprofits and churches to act. The Ascension Community Development Corporation has launched ‘The Legacy at Paw Creek,’ providing...
DetraPel Relocates Headquarters to Charlotte, NC
News Summary DetraPel, a leading manufacturer of PFAS-free protective coatings, is moving its headquarters from Massachusetts to Charlotte, North Carolina. This $3.5 million investment will create over 30 new jobs...
Charlotte Awards $193 Million in Contracts to Minority-Owned Businesses
News Summary In a significant move to support minority and women-owned businesses, Charlotte’s city officials announced the awarding of $193 million in contracts to historically underutilized vendors in 2023, marking...
PSA Airlines Moves Headquarters to Charlotte
News Summary PSA Airlines, a subsidiary of American Airlines, has announced its plans to move its corporate headquarters from Dayton, Ohio to Charlotte, North Carolina by January 2026. This strategic...
Groninger USA Announces $15.1 Million Expansion in Charlotte
News Summary Groninger USA is set to expand its Charlotte facility with a $15.1 million investment, creating 60 new jobs over the next five years. Founded in 1980, the company...
Charlotte’s Population Set to Surpass 4.6 Million by 2050
News Summary Charlotte is poised for substantial growth, with projections indicating the population will increase to 4.6 million by 2050. Mecklenburg County alone is expected to welcome 600,000 new residents,...
Charlotte Prepares for Major Population Growth
News Summary Charlotte is set to experience a remarkable 50% population increase over the next 25 years, raising the total to approximately 4.6 million by 2050. This growth, driven by...
Charlotte Welcomes New Affordable Housing Development
News Summary Charlotte is taking significant steps to address its housing crisis with the recent opening of the Residences at Cedar Creek, which provides 200 affordable housing units. Located near...
Marketing
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Real Estate
Firefighters Race to the Rescue in SouthPark
News Summary On a seemingly ordinary Monday morning, the SouthPark neighborhood in Charlotte experienced a significant fire incident at an apartment building on Liberty Row Drive. Firefighters acted swiftly to...
Charlotte Housing Market Update: Prices Increase Amid Low Inventory
News Summary The Charlotte housing market is witnessing a robust increase in home prices, with values soaring approximately 64% over the past five years. As of February, the average sale...
Brothers Transform Real Estate Media in Charlotte
News Summary In Charlotte, NC, Jason and Justin Hare founded Go Premium Real Estate Media, merging creativity with real estate. With perseverance, they grew from struggling to a flourishing business...
Charlotte Takes Strong Steps Towards Affordable Housing
News Summary Charlotte is grappling with an affordable housing crisis, prompting local nonprofits and churches to act. The Ascension Community Development Corporation has launched ‘The Legacy at Paw Creek,’ providing...
Allegiant Travel Co. Sells Majority Stake in Sunseeker Resort
News Summary Allegiant Travel Co. is set to sell a majority stake in Sunseeker Resort in Charlotte Harbor, a move aimed at addressing financial struggles since its launch in December...
Westwood Financial Acquires Eastway Square in Charlotte
News Summary Westwood Financial has acquired the Eastway Square Shopping Center in Charlotte, boosting its retail presence in the booming Sunbelt region. The shopping center, located at the intersection of...
Brett Gray Joins CBRE as Senior Managing Director in Charlotte
News Summary Brett Gray has been appointed as the new Senior Managing Director and Market Leader for CBRE in Charlotte, North Carolina, starting November 2024. With a robust background from...
200 North College Building in Uptown Charlotte Sold for $32.7 Million
News Summary The sale of the 200 North College building in Uptown Charlotte for $32.7 million marks a significant change in the property’s fortunes, following a steep decline from a...
Charlotte’s Population Set to Surpass 4.6 Million by 2050
News Summary Charlotte is poised for substantial growth, with projections indicating the population will increase to 4.6 million by 2050. Mecklenburg County alone is expected to welcome 600,000 new residents,...
