Charlotte Business News
BUSINESS NEWS
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...
DetraPel Inc. Relocates Headquarters to Charlotte, NC
News Summary DetraPel Inc. has announced plans to relocate its headquarters and manufacturing operations from Framingham, Massachusetts, to Charlotte, North Carolina. The move is part of a $3.5 million investment...
Elon University Launches New Law School Program in Charlotte
News Summary Elon University has officially launched a new law school program in Charlotte, expanding its educational footprint in the region. With over 40,000 square feet of office space in...
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...
Charlotte’s Original Chicken and Ribs Restaurant: A Cultural Legacy
News Summary In Charlotte, North Carolina, the Original Chicken and Ribs Restaurant stands as a testament to resilience and history. Founded in the 1950s, it celebrates family heritage and Black...
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...
East Charlotte Bakery Struggles Amid Community Fears
News Summary Manolo’s Bakery, a staple in East Charlotte for 27 years, is facing financial hardship due to community fears surrounding ICE enforcement. Owner Manolo Betancur highlights the impact 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...
Finance
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...
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...
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...
Potential TikTok Ban Raises Economic Concerns for Charlotte Businesses
News Summary As discussions of a TikTok ban intensify, businesses and influencers in Charlotte fear the economic repercussions. Local entrepreneurs credit the platform for skyrocketing sales and visibility. Legislators are...
Charlotte Money Coach Bernadette Joy Releases New Book
News Summary Bernadette Joy, a financial coach in Charlotte, has published her first book titled ‘CRUSH Your Money Goals: 25 Smart Money Habits to Save, Invest, and Fast-Track Your Financial...
Charlotte’s Small Business Lifeline for Underserved Entrepreneurs
News Summary Charlotte is fostering connections among small businesses to support underserved entrepreneurs amidst economic challenges. Recent initiatives, including significant grants, aim to uplift these businesses, promote community collaboration, and...
Charlotte Businesses Concerned About Upcoming TikTok Ban
News Summary As the January 19th deadline approaches, local businesses in Charlotte express concern over a potential TikTok ban tied to national security issues. Many in the business community, including...
Charlotte’s New Mission: Supporting Small Businesses
News Summary Charlotte has launched the ‘Corridors of Opportunity’ initiative to support small businesses in underserved areas. With nearly $100 million in city investments and a unique collaboration with private...
CONSTRUCTION
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...
Charlotte’s Apartment Market Shifts with New Developments
News Summary Charlotte’s apartment market is experiencing a notable shift due to a recent construction boom, making it easier for residents to find rental options. With around 15,000 new units...
New Sports Lounge Opening in South End, Charlotte
News Summary Blinders, a brand-new sports lounge, is set to open in South End, Charlotte this spring. It promises a unique experience combining a Las Vegas-style sportsbook, a lively sports...
Eskola Roofing – Top Commercial Roofing Contractor In Charlotte, NC
For business owners in Charlotte, SC, commercial roofing is vital for keeping their property in top condition. A well-maintained roof not only protects your investment but also provides curb appeal...
Marketing
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Real Estate
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,...
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...
Huntersville Becomes Most Expensive for One-Bedroom Rentals
News Summary Huntersville has overtaken Charlotte as the priciest location for one-bedroom rentals in the metro area, with median rent now at $1,530. This surge is attributed to a population...
Charlotte’s Apartment Market Shifts with New Developments
News Summary Charlotte’s apartment market is experiencing a notable shift due to a recent construction boom, making it easier for residents to find rental options. With around 15,000 new units...
