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September 2018 Published monthly
YEARS
Business Intelligence for the Golden Crescent: Lake Norman • Cabarrus • University City
Nominations are in for the 14th annual Top Women Awards, Our judges must decide.
Adrienne Bain
Darlene Heater
Irene Sacks
Lois Ingland
Allison Moody
Heidi Hanson
LeAnne Powell
Michelle Hoverson
Terri Lippy
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NEWSMAKERS BREAKFAST
Construction builds on economy make renewable energy 20 percent of the country’s energy use over the next two years, will create demand for both labor and materials. Industry analysts have identified a series of business cycles that help predict where the construction industry is headed. Dodge Data and Analytics Chief Economist Robert Murray and his team have used data from these cycles since 1975 to develop a market forecasting service for construction. The current cycle started from a trough in 2011 and has followed a fairly steady growth pattern since then. And this cycle has unique promising aspects.
BY ERICA BATTEN The construction industry is projected to grow 4.5 percent over the next few years, reaching $1.2 trillion in real output by 2020. Much of the growth is directly related to government activity. Reconstruction of roads, bridges and other infrastructure, along with the government’s plan to
See Construction page 22
Cabarrus tourism: At a glance The travel industry in Cabarrus County was worth nearly $450 million in 2017, according to a study prepared for Visit North Carolina by the U.S. Travel Association. Cabarrus ranks 12th in travel impact among North Carolina’s 100 counties.
• Travel and tourism directly employs 4,580 people • Total payroll generated by the tourism was $106.14 million • State tax revenues totaled $25.52 million
On Sept. 26 Jim Fuller and Karen Bentley will discuss philosophical differences in the charter school debate.
• Local tax revenues totaled $7.93 million
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With more than 42,000 Americans dead from opioid-related overdoses in 2016—40 percent of the deaths involved prescription painkillers—prescient employers are taking steps to prevent opioid misuse and addiction “We are seeing an unprecedented number of overdoses,” said Cornelius Police Chief Bence Hoyle. “The key is to regulate and educate.” Meanwhile, more companies are reporting a shortage of job candidates ready, willing and able to take prescreening drug tests. Zero-tolerance abuse policies are less common: The National Safety Council (NSC) says about two-thirds of all U.S. companies have established Employee Assistance Programs. “This is not an inner city issue anymore” said Dr Jason Mutch, Medical Director of Novant’s Huntersville Emergency Department. “These drugs
8642 Arbor Oaks Circle in Concord sold for $2,200,000
RECORDS Transactions Cabarrus Mecklenburg Iredell Foreclosures Cabarrus
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Labella Associates is consolidating its North Carolina offices, except for one.
Opioid crisis hits where we work
See Opioid Crisis page 10
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LABELLA STAYS PUT
Chief of Police Bence Hoyle, Dr. Jason Mutch and Debbie Dalton
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