Monday, May 23, 2022

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Lowe’s jumps BoA as top Charlotte-area Fortune 500 company

(Charlotte Business Journal)
Despite dropping four spots to No. 35 this year, Mooresville-based home-improvement retail giant Lowe's edged out Bank of America as the Charlotte region's highest-ranked company on the Fortune 500 list. There were nine companies in the greater Charlotte area on the list and 13 in North Carolina.

Spring Lake financial mishandling costly to residents

(The Fayetteville Observer)
Because of the town government's alleged mishandling of more than $1 million, residents of Spring Lake might have to pay more for essential services like roads and water or they might not get some services at all. State Treasurer Dale Folwell compared investigating the town’s finances to an onion. “The more we peel, the more we cry,” he said.

Cone, Novant partner on ownership of insurance company

(Cone Health News Release)
Cone Health and Novant Health signed a letter of intent that will allow Novant to invest in HealthTeam Advantage, a Medicare Advantage plan owned by Cone. HealthTeam Advantage offers all the benefits of Medicare plus additional benefits such as dental, vision, hearing and fitness as well as Medicare Part D prescription coverage.

SEC accuses Charlotte man of $7M Ponzi scheme

(The Associated Press)
Federal authorities accused Wynn Charlebois of Charlotte of operating a $7 million Ponzi scheme that defrauded at least 75 investors. The U.S. Securities and Exchange Commission said Charlebois used the money to make mortgage payments and pay for private schools for his children.

Five cities participating in initiative for Black entrepreneurs

(Winston-Salem Journal)
Forward Cities, a nonprofit based in Durham, is launching an initiative to grow and sustain Black businesses. The program was unveiled in Durham. Other participating communities include Charlotte, Raleigh, Winston-Salem and Fayetteville.

Morganton ARPA-funded sewer project could lead to expanded housing

(Carolina Public Press)
Morganton city officials plan to use some of the COVID pandemic relief dollars on a sewer system expansion. City Manager Sally Sandy hopes expansion will invite real estate development on the city’s west side.

NC Senate GOP considers Medicaid expansion

(The Associated Press)
North Carolina Senate Republicans are strongly considering legislation that would expand Medicaid coverage to hundreds of thousands of additional low-income adults. According to a summary, the bill would include other medical, health care coverage and insurance reforms.

WNC employers, business leaders urged to share workforce needs

(The Mountaineer)
Western North Carolina businesses are encouraged to participate in the State of Our Workforce survey to help workforce development leaders identify gaps and strengthen the region’s talent pipeline. The survey asks employer participants to indicate which skills, credentials and training they need most.