AvidXchange Expanding, Creating 600 Jobs In Charlotte

Sep 15, 2014
Michael Tomsic

 A software company founded in Charlotte is expanding to create about 600 jobs. AvidXchange will also build a new headquarters at the Music Factory.

AvidXchange's first office was in an old fire station on the corner of Ninth and Brevard in uptown Charlotte. When Michael Praeger co-founded the company in 2000, he said that office consisted of five desks in what looked like a small, brick warehouse.

NC Economic Forecast

Jul 9, 2014


The U.S. economy shrank sharply in the first quarter but most analysts, including UNC Charlotte economics professor John Connaughton, saw that as a temporary setback. Connaughton recently released his second quarter findings and forecast and we’ll check in with him to see if that bounce back occurred. The stock market is roaring, businesses are hiring but legislators in Raleigh continue to bicker over the budget. 

stock exchange board

It’s time for our quarterly economic forecast with UNC Charlotte professor, Dr. John Connaughton, but this time there will be a twist. National publications such as Bloomberg see North Carolina’s unemployment policy as a test tube for the rest of the nation. So we’ve invited political science Professor, Dr. Eric Heberlig to join the conversation. Dr. Connaughton and Dr. Heberlig will help us explore the renewed debate on the war on poverty, unemployment, and whether to raise the minimum wage. All three issues have garnered national attention recently and they are all affecting North Carolina’s economy. Join us to find out how the state is faring early in the year and whether these issues will effect our economy, the midterm elections and more.

Charlotte area business and economic leaders continue to work towards making Charlotte a major global hub, with the new intermodal facility at Charlotte Douglas International Airport and as trade routes across the globe prepare to change due to the expansion of the Panama Canal next year. So what strategies should our region’s leaders use to help us find success in that global hub quest? What does Charlotte have that would allow us to be a global economic center? And how will success in that role change lives for Charlotteans? We’ll ask our panel of experts, including Charlotte’s mayor, Patrick Cannon. 

Family Dollar Profits Drop As Core Customer Struggles

Jan 21, 2014

Matthews-based discount chain Family Dollar started to report record profits about 5 years ago when the country was in a recession.

And now as the economy is recovering, the company seems to be having a bit of trouble holding on to customers it gained during the leaner times. 

But Family Dollar's recent decrease in profits is a little more complicated than that.

In a conference call this month, Family Dollar CEO Howard Levine told investors an economic recovery is underway:

By all accounts 2013 has been a roller coaster year for the US economy. There have been very encouraging signs of late but there was also a government shutdown, fits and starts on Wall Street and mixed news out of Europe. The Affordable Care Act is also being implemented to mixed reviews around the country and the battle over minimum wage has been renewed. A budget deal worked its way through congress and the latest unemployment figures look good. So just how well did we do in 2013 and does the year ahead bode well? We'll ask those questions and more of regular guest, economist John Connaughton.

Some of what you think you know about the US economy is wrong. At least that's what our guest today says. Wake Forest University Economist Sherry Jarrell says that much of what we read in the business press is often misunderstood and that economic data means nothing if you're looking at it in the wrong context. She's out to correct the misunderstandings and clarify some of the important economic jargon that gets thrown around without much explanation - GDP, debt, deficit and unemployment rates. She also talks about what she says is really driving the economy and the role of politics and government in the process. But is the status and function of the economy subjective? Do economists always agree? She shares her opinions and perspective, for example she says that 100 percent of economic growth is created in private industry, no private industry good or service should be provided by the government, "Social Security is the biggest legalized Ponzi scheme in the world" and that regulations caused the financial crisis. Dr. Jarrell fills us in on "things we don’t know about the US economy," when Charlotte Talks.

According to frequent guest, UNC Charlotte Economics Professor John Connaughton, the economy is on the upswing in almost every sector. Interest rates may be on the rise and the housing industry, at least in Charlotte, is really heating up. We'll look at all of those factors to see if this is a temporary jump or if the economy may be on the rise for the foreseeable future, when Charlotte Talks.

  Last month, mayors from North Carolina and Alabama cities and towns visited China to learn about ways that their municipalities can do business with China. Mayor Jill Swain of Huntersville came home with new knowledge and optimism about a future tie with China and our region. Now officials from China are visiting the Charlotte region to learn more about opportunities here. But this isn't just an isolated potential relationship. Business with China is on the rise in North Carolina and throughout the South. We'll talk with Chinese and Charlotte area officials about why the south and our region are attractive to Chinese business people and what kinds of ties may be formed in the future, when Charlotte Talks.

N.C., S.C. Unemployment Drops To Lowest Rate In Years

May 17, 2013

North Carolina's unemployment rate has dropped to its lowest level in four years, and South Carolina's unemployment rate has declined to the lowest point in five years. That's according to figures released Friday for the month of April.