Business

Business news and information from Charlotte and the Carolinas. 

IllicitOhio.com

If you’ve been in the area long enough, you’ll remember Jim and Tammy Faye Bakker, the televangelists who built a sprawling religious theme park in Fort Mill in the 1980s. A scandal led to the park closing its doors. Now, a new evangelical ministry is hoping to restore parts of the old theme park, but as WFAE’s Nick de la Canal reports, there’s a fear that history may repeat itself.


Nick de la Canal / WFAE

Fireworks will light the Charlotte skyline tonight in what’s billed as the southeast’s largest fireworks show. There will also be plenty of unofficial fireworks displays on rooftops and in backyards across the region. It’s not legal to buy aerial explosives in North Carolina, so to get the good stuff, North Carolinians are streaming across the border this week.


WFAE

Billionaire activist investor Carl Icahn Wednesday exercised his stock options and became Family Dollar’s largest shareholder. The stock price for the Matthews-based company has gone up 8 percent since Icahn started pushing for a sale.


Mike Linksvayer / Flickr

North Carolina fell a bit in the most recent rankings of solar energy production across the nation but despite the dip, the solar landscape still looks strong, at least this year.


Courtesy of the Wilmington Film Commission

The curtain is poised to come crashing down on North Carolina’s film incentive.

Wednesday, the House Finance Committee adopted a plan which would slash the amount a production company could receive, from $20 million to five million.

Chris Ford / Flickr

The North Carolina Senate has passed a bill that could strip control of Charlotte Douglas Airport from the city council and end a year-long legal impasse in the state’s favor—all less than two days after the legislation became public.


Courtesy of EUE/Screen Gems

For the past seven years North Carolina has been aggressively trying to lure movie and television shows to film in the state. Their bait? Tax dollars.

Since the program began it has been hugely successful. But the film incentive program is controversial. In Raleigh there is a movement to change the program or let it sunset at the end of this year.

This week, we take a closer look at the incentives program and proposals to change it. This report looks at how the system works and how much money just one TV show spends in the state.

In Raleigh Wednesday, a bipartisan group of lawmakers took to a stage of sorts, in an effort to build support for the state’s film incentives. The tax rebate program faces an uncertain future and may expire at the end of the year. 

MANA Nutrition

Malnutrition contributes to more than a third of deaths of children under five worldwide. For decades, these children had to be treated in in-patient clinics. But a peanut-based paste is making treatment more accessible, and it’s exploding in popularity. One of the companies that helps meet the demand is based in Matthews.


Jason E. Miczek

The EpiCentre in Uptown Charlotte has a new owner. The Los Angeles-based CIM Group acquired the mixed-use development for a reported $130.5 million.


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