Business

Gaston’s Pharr rebrands to stay current

A lot of Carolinas textile families got slammed by the transition to foreign manufacturing, their businesses disappearing. Gaston County’s Pharr family survived by diversifying and thinking ahead, a trait seen in this week’s announcement to rebrand its holding company as Pharr, instead of Pharr Yarns. “It’s just a way of marketing ourselves to others, while […]

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Charlotte Regional Partnership CFO exits

The CFO of the Charlotte Regional Partnership has departed after an audit found “sloppy accounting” at the economic development group, according to CEO Ronnie Bryant. Melissa Hendrick left the partnership June 30, and the group plans to outsource accounting functions going forward. In an unrelated exit, the partnership’s senior vice president for economic development, Vanessa […]

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Analysis projects $1B gap in state budget by 2020

The newly approved N.C. budget with its tax cut plan could contribute to a $1 billion-plus annual gap between revenue and projected government expenses by 2020, according to an analysis by the N.C. General Assembly’s nonpartisan staff. Republican leaders say the gaps won’t happen or will be covered by careful spending. For Democrats, however, the […]

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N.C. gets ready to spend to lure Big Manufacturing

For decades, North Carolina hasn’t offered competitive deals to match South Carolina, Alabama and other states vying for big automakers or other mega plants. That changed with passage of the state budget in June, which includes a clause marking an historic change in state policy that provides lucrative incentives to companies promising at least $4 […]

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