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Business News

Stay informed with the latest updates in Charlotte NC Business News, your go-to source for comprehensive coverage of local economic developments, corporate announcements, and entrepreneurial trends. This category page features articles on significant business milestones, profiles of innovative startups, and insights into the success of established companies within the Charlotte area. Readers can explore in-depth analyses of market fluctuations, job growth, and industry-specific news that highlight the thriving business environment of the Queen City. Stay connected with the dynamic landscape of Charlotte’s economy and learn how it impacts communities, consumers, and investors alike.

In addition to breaking news, Charlotte NC Business News offers expert opinions from local business leaders and economic analysts, providing a well-rounded perspective on the region’s business climate. This page includes information on networking events, workshops, and seminars that can help entrepreneurs and professionals enhance their skills and grow their networks. Whether you’re a business owner, an investor, or simply interested in the commercial scene, our articles cover everything from financial updates and real estate developments to legislative impacts on local businesses. Keep up with the pulse of Charlotte’s economy and discover the opportunities that lie ahead.

City skyline with data centers and power lines representing energy consumption
Business News

Duke Energy’s Commitment to Fair Electricity Rates Amid Data Center Growth

Charlotte, NC, December 11, 2025 Duke Energy is committed to keeping electricity rates fair for all customers despite rising energy demands from data centers. The utility plans to create a new customer class for large-load users to prevent rate increases for residential consumers. Ongoing discussions with regulators and environmental groups aim to balance energy needs and manage the impact on the power grid in North Carolina, where the demand for data

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December 11, 2025 No Comments
Panoramic view of Charlotte North Carolina highlighting residential buildings
Business News

Charlotte Named Among Top Housing Hot Spots for 2026

Charlotte, North Carolina, December 11, 2025 Charlotte, North Carolina, has been highlighted by the National Association of REALTORS® as one of the leading housing markets for 2026. Factors contributing to its success include significant economic growth, an increase in housing supply, but ongoing affordability challenges. With a projected surplus of housing units and rapid population growth, the market presents opportunities for homebuyers and investors, although strategic planning is necessary. Stakeholders are

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December 11, 2025 No Comments
SPX Technologies and Crawford United acquisition handshake
Business News

SPX Technologies Acquires Crawford United for $300 Million

Cleveland, Ohio, December 11, 2025 SPX Technologies has announced its agreement to acquire Crawford United Corporation for approximately $300 million. This strategic acquisition aims to enhance SPX’s capabilities in the HVAC market by integrating Crawford United’s Commercial Air-Handling Equipment segment. The merger seeks to benefit shareholders with a significant cash consideration and is expected to close in the first quarter of 2026, positioning SPX for future growth. SPX Technologies to Acquire

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December 11, 2025 No Comments
Families expressing concern about healthcare access in a hospital setting
Business News

Significant Decline in Medicaid and Medicare Enrollment Raises Concerns

Charlotte, NC, December 11, 2025 Recent reports indicate a sharp decline in Medicaid and Medicare enrollments, reaching a 14-year low. The decrease is linked to the end of continuous enrollment that was established during the COVID-19 pandemic. This trend raises serious concerns about healthcare access, particularly for vulnerable populations including children, with millions losing coverage. Stakeholders are urged to monitor these trends closely to ensure coverage stability. Significant Decline in Medicaid

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December 11, 2025 No Comments
View of a busy business district in Charlotte with banks and local shops.
Business News

Truist Financial Lowers Prime Lending Rate to Boost Local Economy

Charlotte, N.C., December 11, 2025 Truist Financial Corporation has announced a reduction in its prime lending rate from 7.00% to 6.75%, effective December 11, 2025. This decision aligns with other major banks and aims to boost economic activity in the Charlotte area. Lower borrowing costs can encourage spending for consumers and provide small businesses with better access to credit, facilitating growth and innovation in a competitive market. Truist’s commitment to supporting

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December 11, 2025 No Comments
Interior view of 3rd & Fernwood restaurant showcasing empty tables
Business News

Challenges Faced by Charlotte’s 3rd & Fernwood Eatery

Charlotte, NC, December 11, 2025 The recent closure of 3rd & Fernwood, a beloved restaurant in Charlotte, highlights the difficulties faced by small businesses in the food service industry. Rising operational costs and fluctuating customer demand contributed to its downfall. Despite efforts to adapt, the establishment succumbed to industry pressures, serving as a poignant reminder of the challenges many dining venues encounter today. The local community’s appreciation for the restaurant underscores

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December 11, 2025 No Comments
Business meeting at Janney Montgomery Scott's Charlotte office
Business News

Janney Montgomery Scott Expands in Charlotte with New Advisors

Charlotte, North Carolina, December 11, 2025 Janney Montgomery Scott LLC has welcomed seasoned financial professionals Albert Grenert and Michael Smith to its Charlotte office, enhancing the firm’s advisory capabilities. Together, they manage nearly $500 million in client assets and their addition highlights Janney’s commitment to growth in vibrant markets. Alongside them, Tonya McMahon will serve as Branch Operations Assistant. Janney is also planning to relocate its Charlotte office to Rock Hill,

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December 11, 2025 No Comments
Interior of The Wafflery restaurant in West Charlotte
Business News

The Wafflery Expands with New Location in West Charlotte

Charlotte, NC, December 11, 2025 The Wafflery is set to open a new location in West Charlotte, enhancing its reach with customizable comfort food options. The restaurant specializes in waffles, biscuits, and grits, and features a full bar. This expansion follows the closure of Mattie’s Diner, allowing the brand to focus on growth. The new site will operate from December, offering popular dishes including Fiery Chicken Biscuit and Crab Cake Benedict,

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December 11, 2025 No Comments
Image representing Jackrabbit Technologies as a leader in cloud-based class management software for youth activities.
Business News

Jackrabbit Technologies: A Beacon of Growth in Charlotte, NC

Charlotte, NC, December 10, 2025 Jackrabbit Technologies has been recognized as one of the fastest-growing companies in Charlotte, NC, by earning a spot on the Charlotte Business Journal’s Fast 50 Award list for 2025. The award emphasizes the company’s significant achievements and highlights the potential of North Carolina’s entrepreneurial ecosystem. With over 17,000 clients globally, Jackrabbit continues to lead in providing cloud-based class management solutions for youth activities, showcasing innovation and

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December 10, 2025 No Comments
Advisors using AI tools in a modern bank environment
Automotive

JPMorgan Expands Client Base in the Carolinas with AI

Charlotte, North Carolina, December 10, 2025 JPMorgan Private Bank is set to double its client base in the Carolinas within the next three to five years by utilizing advanced AI technologies. The bank has introduced Coach AI, an AI-driven platform that enhances advisor productivity by allowing quicker access to relevant research and content, expected to boost client engagement significantly. The bank’s significant $17 billion technology budget for 2024 and previous $1.5

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December 10, 2025 No Comments

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