Though the initial stages of Furniture Brands International’s bankruptcy moved quickly, the final stages have moved more slowly than company and court officials expected.
That may cost the corporate officer in charge of the company’s remnants some of her bonus, but it is unclear whether in the end she will get paid less.
The number of Caldwell County residents looking for work surged in May by about 300, so the local unemployment rate rose even though the number of people with jobs went up by more than 100, according to figures released Tuesday by the N.C. Department of Commerce.
Lenoir-based pharmaceutical company Exela Pharma Sciences recently bought two adjoining properties on Morganton Boulevard, a total of 9.48 acres, for just over $1 million.
City leaders made their opinion on the state's proposed Smith's Crossroads replacement clear Tuesday: They don’t want it.
The proposal, called a “diverging diamond” interchange, would ease traffic congestion on U.S. 321 but would displace more than 20 businesses along the U.S. 321 corridor, from Rite Aid and Burger King to Mayflower Seafood and Bojangle’s, and on the north side of Wilkesboro Boulevard almost to ALDI.
Through May 31, 764 building permits had been issued for new construction valued at more than $40 million, and the number of permits issued so far in June is up compared to last year, said Sherri Marshall of the county permitting office.
In all of 2013, 1,993 building permits were issued for new construction valued at just under $60.2 million, and in 2012 there were 2,084 permits for construction worth a little more than $48.5 million.
Repairs at Lenoir’s Gunpowder Wastewater Treatment Plant will cost more than expected, so the Lenoir City Council voted 5-1 Tuesday to borrow an extra $320,000 for the project, bringing the total to $4.17 million.
Blue Ridge Electric Membership Corp. will not raise its rates for 2015, Chief Executive Officer Doug Johnson announced at the cooperative’s annual meeting Thursday.
Merchants Distributers Inc., Caldwell County’s largest private employer, recently began a $20 million phase of expansion at its distribution center in southern Caldwell County.
Property transfers, marriages, divorces and incorporations that were filed in the first week of June.
Hudson may soon be getting a Walmart Neighborhood Market, a smaller, grocery-focused store from the company better known for its sprawling superstores.
Dennis Benfield filed Monday for re-election to the Caldwell County Soil and Water Conservation Board of Supervisors.
Benfield, 65 of Hudson, a Republican serving his second term on the board, works at AAA Tree Service.
Work to replace the McDonald’s in Lenoir with a larger one is now scheduled to start June 19 rather than sometime in 2015, as owner John Link originally estimated.
“The business demands were there and I worked with McDonald’s to try and accelerate it and get it done sooner,” Link said.
Lenoir residents will soon be paying more in water rates, sewer rates and property taxes, after the Lenoir City Council voted 4-3 in a hotly-debated decision at its meeting Monday night, after hearing from several community members, both for and against the increases.
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.