Business Today September 2018

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@businesstodaync

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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Mecklenburg Mooresville Corporations Cabarrus Mecklenburg Mooresville

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PRSRT STD US POSTAGE PAID WINSTON-SALEM, NC PERMIT NO. 319

HOT PROPERTIES

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

DATED NEWS - POSTMASTER PLEASE DELIVER BY 9/7

TOP WOMEN NOMINEES

Business Today P.O. Box 2062 Cornelius, NC 28031

NEWS INSIDE

Volume 17, Number 6 $1.50


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