Record #:

44030

Author(s):

Martin, Cathy

Abstract:

Nickols' Southern Lion was created off the premise of a popular marketplace venture, BlackLion, which closed after a 27 year run. Located in a 55,000 square foot facility, previously housing the first level of Sears at Carolina Place Mall in Pineville, Southern Lion is believed to be the largest 100% black-owned retail business in the southeast.

Source:

Business North Carolina (NoCar HF 5001 B8x), Vol. 44 Issue 2, February 2024, p16-17, il, por Periodical Website

Subject(s):

Charlotte--businesses--Southern Lion; Retail trade--trends--Charlotte

Record #:

44070

Author(s):

Cuthrell, Shannon

Abstract:

Aldersgate originally began as The Methodist Home in 1945 to serve retired preachers and widows. Viewed for many years as an upscale facility, critical financial problems in November 2022 forced the organization to discontinue a major expansion project. A correction plan is currently underway through the North Carolina Department of Insurance. The retirement complex includes Mecklenburg County's oldest home built in 1774.

Source:

Business North Carolina (NoCar HF 5001 B8x), Vol. 44 Issue 2, February 2024, p40-45, il Periodical Website

Subject(s):

Aldersgate United Methodist Retirement Community; Retirement communities--United Methodist--Charlotte

Record #:

44069

Author(s):

Saylor, Teri

Abstract:

"As North Carolina marches toward a clean energy future, the local electric cooperatives are at the forefront of innovation." North Carolina Electric Cooperatives, Randolph Electric Membership Corp and the North Carolina Zoo have partnered recently for gathering performance measurements with regard to deploying electrified equipment on farms throughout the state.

Source:

Business North Carolina (NoCar HF 5001 B8x), Vol. 44 Issue 2, February 2024, p58-60, il Periodical Website

Subject(s):

Electric vehicles--technology--North Carolina

Record #:

44084

Author(s):

Macmillan, Mike

Abstract:

"First Citizens' bold conquest raised the stakes and profile of the family controlled bank." First Citizens acquired Silicon Valley Bank last spring. It was the second time it had essentially doubled its size in the past three years. Raleigh based First Citizens was created in 1898 in Smithfield in Johnston County. It took its current name in 1929. The institution is at present the largest family owned bank in the United States. It has made a habit of buying distressed banks since the real estate depression 15 years ago that caused hundreds of banks to fail. Frank Holding Jr. is CEO.

Source:

Business North Carolina (NoCar HF 5001 B8x), Vol. 44 Issue 2, February 2024, p36-39, il, por Periodical Website

Subject(s):

First Citizens Bank (Raleigh); Banks and banking--Raleigh; Banks and banking--North Carolina--Family Owned