Just a year after beginning an expansion that was expected to add 40 jobs over three years, Exela Pharma Sciences has already surpassed that and is planning further expansion.
Lenoir stands to lose roughly $180,000 in annual revenue starting in fiscal 2015-16 because of a law passed Thursday that will end business privilege license taxes.
That would wipe out most of the revenue expected to be generated by a proposed two-cent increase in the property tax rate, City Manager Lane Bailey said.
Heritage Home Group plans to close its Drexel Heritage plant in Morganton by the end of July, laying off 87 people, the company told the N.C. Department of Commerce in a notice posted Friday.
Most of the people and companies who are still owed money by the former Furniture Brands International will get less than 10 cents of every dollar they are owed, according to the liquidation plan that a U.S. Bankruptcy Court judge approved Thursday to be mailed to creditors.
Foothills Regional Airport now makes enough enough money to cover the cost of its daily operations and will outperform its budget for fiscal 2013-14 by as much as $75,000, officials said.
The Lenoir City Council changed course Tuesday and voted 4-3 in favor of calling for a two-cent increase in the property tax rate instead of the one-cent increase they favored at a meeting last week.
The city’s capital improvements plan was based on a two-cent increase, but on May 20 a majority of the council members favored holding any increase to 1 cent. The money, just over $232,000, would be allocated for street resurfacing, infrastructure and recreational facilities.
A 568-acre tract Lenoir owns off of Zacks Fork Road may be more likely to be opened for recreational use than sold to a developer for a subdivision.
Larry Caudill of Carolinas Land Inc. presented the city council May 20 with an $835,540 offer to buy the tract, known as "the watershed property." The developer would include the site in plans it has for a larger, 1,900-acre tract containing five other properties alongside the one owned by the city.
Caldwell County is not proposing a tax increase, but there may be an increase in water rates.
But a proposal to borrowing approximately $1.4 million to buy 10 new patrol cars and five new ambulances was the part of the proposed budget for fiscal 2014-15 that got the most discussion among the Caldwell County Board of Commissioners when it was presented Monday night.
Due to pressing infrastructure and street resurfacing needs, Lenoir’s proposed budget for fiscal year 2014-2015 calls for a one-cent tax increase, a 1.2-percent water rate increase and a 2 percent sewer rate increase, city officials said Tuesday night.
A proposed overhaul of Smith's Crossroads would ease traffic flow but would change the face of the city there, forcing the relocation of all of the businesses from Rite Aid and Burger King north to Mayflower Seafood and Bojangle's, and on the north side of Wilkesboro Boulevard all the way to ALDI.
In 1924, when Mortimer was a booming logging town, a small store was built at the corner of what are now N.C. 90 and Brown Mountain Beach Road, serving as a general store and post office.
Betsey's Ole Country Store is perched deep in the woods of the Wilson Creek area, a short distance from Mortimer campground and the previous Civilian Conservation Corps headquarters there.
For 25 years, a bicycle race known as "the Bridge" led thousands of cyclists from downtown Lenoir to the top of Grandfather Mountain, winding along more than 100 miles of around Caldwell County's roads.
But this year's Bridge Incredible Challenge, which had been planned for June, isn't happening, and it looks like the race may never be ridden again.
A house that looks like it would fit nicely on a postcard sent home from the English countryside sits just as comfortably on the rolling hills of Hudson, surrounded by rows of vines, standing tall and distinct with its timber and plaster, Tudor-style construction.
Tax collections are up, and the amount of overdue taxes is down, which could be a sign of an improving economy in Caldwell County, a county tax official said.
A woman who has taught economics and political science in Italy has been named downtown development director for the city of Lenoir
Heritage Home Group, which includes Broyhill Furniture and Thomasville operations in Caldwell County, is moving its headquarters from St. Louis to North Carolina.
The number of people in Caldwell County reported as employed went up by nearly 300, but the number of unemployed went up by more than 150. Combined, that meant that the size of the county’s labor force climbed by more than 400, a possible sign that some of the long-term unemployed who had dropped out of the labor force feel encouraged enough to look for jobs again.
But it also meant the county's unemployment rate rose by 0.4 percentage points, to 7.4 percent.
In a recent trip to New Bern for an economic development conference, Lenoir city officials learned of a building code that could dramatically lower the cost of renovating historic buildings downtown.
The price and size of the deal for Caldwell County and Lenoir to buy the freight-transfer site known as the transload facility keeps shrinking.
The Caldwell County Board of Commissioners voted in favor of a deal Monday night that includes less than two-thirds of the land that the commissioners approved buying Feb. 3 and the Lenoir City Council approved April 15. The cost is expected to decline too, but by how much is not certain yet because a new assessment is needed, County Attorney David Lackey said.
Stephen Loe, a chef and brewer, bought the former Greyhound bus station at 1048 Harper Ave., across the street from Robin's Nest, last week and plans to convert the 2,400-square-feet building into a micro pub with indoor dining space for about 50 and patio space for another 25-30, said Loe's father, Bob Loe, who will serve as assistant brewer and financial officer.
For years, employees at the Kincaid Furniture plant in Hudson filed into the Food Fare convenience store on Main Street, right across the plant's sprawling parking lot.
"It was great here," store manager Johnny Moretz said. "On Thursdays, when they would get paid, there would be three lines at the counter."
Now, they trickle in.
In a few months, they will stop coming in altogether.
La-Z-Boy Inc. will cease production of furniture at its Kincaid Furniture plant in Hudson this fall and will close two North Wilkesboro warehouses, laying off 100 people. The company didn't provide a breakdown of how many jobs will be left in Hudson.
Lenoir agreed Tuesday to the formal business agreement for operating the so-called transload freight-transfer facility on U.S. 321-A.
It is the first time the city has agreed to take part-ownership in a business, City Attorney Ed Blair said.
Returning with new orders in hand from last week's International Home Furnishings Market in High Point, officials from local companies say the spring market was a resounding success.
Last week, along with Matt Underwood, Keith Nordan and Jenny Wheelock, I attended the North Carolina Main Street Conference in New Bern. This annual meeting was originally scheduled for January but had been postponed due to a winter storm.
New Bern itself is an interesting example of what can be done on Main Street.