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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.

DetraPel's modern manufacturing facility in Charlotte, NC
Business News

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 and boost the local economy as the company transitions to a new 40,000-square-foot facility. With plans to expand to 70,000 square feet by 2027 and tripling production capacity, DetraPel’s move highlights the pro-business climate and strategic advantages Charlotte offers. Charlotte

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February 18, 2025 No Comments
A modern dental clinic showcasing innovative dental technologies.
Business News

Dentsply Sirona Considers Strategic Review of Wellspect Healthcare

News Summary Dentsply Sirona, a major player in the dental industry, has announced a strategic review of its Wellspect Healthcare division, exploring options for a potential sale or merger. This move aims to refocus on its core dental operations following a challenging year. Wellspect Healthcare, known for innovative continence care products, has shown promising growth and remains a vital segment in Dentsply’s portfolio, now undergoing potential restructuring to unlock further

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February 15, 2025 No Comments
Corporate office building symbolizing merger in manufacturing industry
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 in Charlotte, Columbus McKinnon aims to close the deal by year-end, pending regulatory approval. The acquisition could enhance annual revenue and yield substantial cost savings, though the stock price has taken a hit post-announcement. This merger is expected to expand

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February 12, 2025 No Comments
DetraPel Inc. new facility in Charlotte, NC
Business News

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 that will create over 30 new jobs in the area. With a new facility size of 40,000 to 70,000 square feet and a tripling of production capacity, DetraPel aims to better serve its clients concentrated in the Southeast. This strategic

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February 12, 2025 No Comments
Elon University Law School building in Charlotte.
Business News

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 South End, the program aims to cater to working professionals, enrolling an inaugural class of 36 students. Officials are committed to building a strong legal education community in Charlotte, drawing on the success of its Greensboro program and responding to

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February 10, 2025 No Comments
Diverse business owners celebrating success in Charlotte
Business News

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 a 23% increase from the previous year. The Charlotte Business Inclusion program, which boasts over 1,600 enrolled businesses, aims to create sustainable relationships and offer real support, including the upcoming launch of CBI University and a $40 million Small Business

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February 7, 2025 No Comments
Interior of the Original Chicken and Ribs Restaurant in Charlotte, featuring cultural decorations.
Business News

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 culture. Featured in the Green Book, it served as a safe haven for Black travelers during segregation. Today, the restaurant continues to thrive, adapting its menu while preserving its cultural significance. This beloved establishment not only offers delicious food but

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February 6, 2025 No Comments
Picture of Sunseeker Resort with beach and palm trees
Business News

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 2023. Despite initial setbacks from the COVID pandemic and hurricanes, the resort is engaged in community events and seeks new investors to enhance its performance and overall value. With occupancy rates only reaching 54% in its first year, Allegiant hopes

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February 5, 2025 No Comments
Eastway Square Shopping Center in Charlotte, NC
Business News

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 Eastway Drive and Central Avenue, spans over 130,156 square feet and features anchor tenant Food Lion, along with various popular retailers. With a growing local population and an average household income exceeding $112,000, Eastway Square is set to serve the

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February 5, 2025 No Comments
A delightful display of pastries at Manolo's Bakery in East Charlotte
Business News

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 these fears on foot traffic and sales. As ICE actions increase, the bakery along with other local immigrant-owned businesses suffer, prompting calls for community support and solidarity to protect these vital establishments. East Charlotte Bakery Faces Tough Times Amid Community

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February 4, 2025 No Comments

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