Business

Local News
4:32 pm
Mon April 14, 2014

Lawmakers Consider Repeal Of Local Business Tax

Credit NC General Assembly

A plan moving through the state legislature could cost City of Charlotte coffers $8.5 million in local business taxes.


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Local News
5:08 pm
Fri April 11, 2014

Philip Morris Sells Concord Plant

The former Philip Morris plant off of U.S. 29 in Concord.
Credit Google Maps

The former Philip Morris plant in Concord has a new owner after sitting vacant for 5 years. It’s a company called Victory Industrial Park, LLC. But what that company plans to do with the property is less clear. WFAE’s Duncan McFadyen reports.


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Local News
4:27 pm
Thu April 10, 2014

Family Dollar Cutting Stores, Staff And Prices

Credit WFAE

Family Dollar is closing stores, cutting jobs and lowering prices in response to sinking profits. The Matthews-based company announced the changes Thursday.


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Local News
9:22 pm
Fri March 28, 2014

BMW Plans To Hire 800 At Its Spartanburg Plant

BMW expects its Spartanburg plant to become its highest-producing plant by the end of 2016.
Credit Ken Lund / Flickr/http://bit.ly/1h42CBy

The BMW plant in Spartanburg is expanding yet again.  The company announced plans Friday to add 800 jobs to the facility over the next two years.  That will bring BMW’s total workforce there to 8,800.  

Twenty years ago BMW opened the plant in Spartanburg with 500 workers.  The company said its location between the Port of Charleston and I-85 made it ideal, plus South Carolina offers good technical training.  

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Local News
11:56 am
Wed March 19, 2014

Center City Partners Pushes For More Retail Uptown

Teresa Farson, co-owner of The Beehive.
Credit Duncan McFadyen

Uptown Charlotte is not the “ghost town” it was after business hours 25 years ago. Numerous bars and restaurants keep its streets busy well into the evening. But walk around uptown at any time and you won’t find many retail stores. WFAE’s Duncan McFadyen explains why, and what one group is trying to do to change it.


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Local News
10:07 am
Fri March 14, 2014

Want Google Fiber? Why Wait? Shelby Company Says It Has Wired The State

Credit RST Fiber

Google is still considering if it will bringing its ultra-high speed internet to cities like Charlotte. But if you don’t want to wait, you may not have to. This week, a small North Carolina Company announced it has already built a similar fiber optic network across the entire state. The company is called RST Fiber and we take a look at what they offer and one of the men behind it.


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Local News
3:59 pm
Mon March 10, 2014

Merger Means Charlotte Will Share Chiquita With Dublin

Credit Julie Rose

Chiquita's merger with an Irish produce company will have a minimal impact on the number of jobs the banana giant keeps in Charlotte. The company currently employs about 300 people at its headquarters in uptown.


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Local News
9:19 pm
Thu March 6, 2014

Movie Studio At Eastland Mall Site Appears Dead

Eastland Mall in 2013, before demolition.
Credit Julie Rose

The future of the Eastland Mall site appears to be up in the air again. City staff have recommended against extending an exclusive contract with Studio Charlotte, the company that wants to turn the 80-acre property into film and TV studios. WFAE’s Duncan McFadyen reports.


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Local News
10:07 am
Mon February 24, 2014

North Carolina's Alpaca Scene

A visitor to the 8th Annual Carolina Alpaca Celebration stares at one of the convention's alpacas--which stares back.
Credit Lisa Miller / WFAE

Alpacas—the smaller, South American cousins of the llama—provide fleece for all kinds of knitted goods. The number of alpacas, and alpaca farms, has steadily grown since Americans began importing the animal for its fleece in the 1980s. North Carolina is part of this trend even though its climate is not ideal for alpacas.

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Local News
6:36 am
Wed February 19, 2014

Ride-Sharing App Lyft Expands Service Area To Include Airport Pickups

A Charlotte Lyft car with its signature fluffy pink mustache.
Credit Julie Rose

You may be seeing more cars with those fuzzy pink mustaches attached to their grilles in the coming weeks. The app-based ride sharing service Lyft has expanded its coverage area in Charlotte to include most of the metro area, including Charlotte-Douglas airport. WFAE’s Duncan McFadyen reports it’s the first major ride-sharing service to start picking up passengers at the airport.


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