Latest news with #Winston-Salem-based
Business Journals
2 days ago
- Business
- Business Journals
Williams Development Group begins work on spec industrial property in Whitsett
A Winston-Salem-based developer is betting on the continued strength of the Triad's industrial market with its latest spec building in eastern Guilford County.
Yahoo
03-05-2025
- Business
- Yahoo
Former Hornets executive joins lobbying firm with Trump ties
Former Charlotte Hornets President Fred Whitfield is going back to work. Not in pro sports, though. Instead, he's joined forces with a man described this week by the Wall Street Journal as the ringleader of the 'MAGA lobbyists upending Washington.' Whitfield has joined Winston-Salem-based Checkmate Government Relations, a lobbying firm founded in December 2023 by Ches McDowell, the firm's 35-year-old managing partner. Whitfield's title is senior strategic advisor. READ: 9 Investigates: Charlotte City Council votes to not settle potential lawsuit from CMPD chief McDowell and Whitfield, in a joint interview with CBJ on May 1, said Whitfield will continue to live in Charlotte and consult with clients here while also leading business development, primarily for the firm's first office in Washington, D.C., newly opened on Pennsylvania Avenue, not far from the White House. The Wall Street Journal attributed McDowell's rise to lobbying prominence in Washington to an unorthodox approach that included a falconry outing with Robert F. Kennedy Jr. last fall — months before Kennedy became a Cabinet member in the second Trump administration. The main photo accompanying the story shows McDowell in khakis and a blazer standing next to a taxidermied bear. Read more here. WATCH: 9 Investigates: Charlotte City Council votes to not settle potential lawsuit from CMPD chief
Yahoo
03-05-2025
- Health
- Yahoo
Novant doubles the size of Mint Hill emergency department. Here's what's new
Novant Health is opening an expanded emergency department in Mint Hill after spending $45 million to double the size of the unit, the healthcare system announced Friday. The project at Novant Health Mint Hill Medical Center added 19 rooms to accommodate the growing population of nearly 30,000 residents in the town. Since opening seven years ago, the hospital has handled more than 175,000 emergency department visits. Novant hosted a groundbreaking ceremony in October 2023 for the unit at 8201 Healthcare Loop. Construction took a year and a half to complete. An open house was held on Friday and it will open to the public on Wednesday. Novant added 13 treatment rooms, two trauma rooms and four behavioral health rooms for patients. Other additions include hybrid spaces for new radiology and cardiology services. Novant also moved and expanded mobile pad support areas and a lab, and completed renovations to waiting rooms and the public safety area. The emergency department will expand to 44,000 square feet. The Mint Hill location opened in 2018 with 46 beds to offer medical services to area residents. According to Novant, it was the first in the Carolinas to offer a scalpel-free treatment for essential tremor and tremor-dominant Parkinson's disease. Winston-Salem-based Novant is the second-largest health care provider in the Charlotte area, behind Atrium Health. It's also one of the largest hospital systems in the Southeast. Novant's network has more than 900 locations, including 19 hospitals, 750 physician clinics, urgent care centers, outpatient facilities and imaging services.
Forbes
03-04-2025
- Business
- Forbes
Small Business Lenders Have a Pop Quiz for Borrowers About Trump Tariffs
President Trump's new tariffs add another obstacle to getting a small business loan. Photographer: Jim Lo Scalzo/EPA/Bloomberg © 2025 Bloomberg Finance LP To get a small business loan, borrowers typically answer questions about their cash flow, assets, business plans, and credit histories. But there's now a new question lenders are asking, one most business owners probably aren't ready to answer. Lenders want to know how President Trump's unpredictable, heavy-handed tariff strategy might impact a borrower's business, according to Bob Coleman, publisher of the Coleman Report, a trade publication for small business bankers and lenders. Coleman brought attention to the issue Wednesday on X, formerly known as Twitter. He shared a conversation with a chief credit officer who told Coleman that he's instructing underwriters to consider how tariffs will affect a borrower's future cash flow. The officer didn't specify exactly how that analysis would work, only that he wanted borrowers to share their perception of how it might. On Wednesday, President Trump announced sweeping new tariffs, including a 10% baseline levy on all imports and significantly higher rates on specific partners—34% on China and 20% on the EU. The announcement triggered immediate market mayhem: S&P 500 futures dropped 3%. The dollar weakened against major currencies, and Treasury yields fell to six-month lows as investors sought safe-haven assets. Since taking office again in January, Trump's tariff plans have shifted constantly. In February, he threatened a 25% tariff on imports from Canada and Mexico, then walked it back. Tariffs on Chinese goods started at 10%, jumped higher in March, and now sit at 54% after the so-called 'Liberation Day' announcement on April 2nd. But details are vague, and it's not clear if this is the final plan or just another negotiating tactic. That unpredictability makes the new lending question particularly challenging. Small business owners can't predict future White House trade policy, yet lenders expect answers anyway. Ray Drew, managing director at Winston-Salem-based Truliant Federal Credit Union and host of The Art of SBA Lending podcast, says tariffs are already squeezing small businesses. He says that while some companies may benefit long-term if manufacturing returns to the U.S., but in the short term, many will struggle. That's because small businesses can't fully pass increased costs onto consumers, especially those with limited inventory flexibility. It's not a small problem, despite how Small Business Administration Administrator Kelly Loeffler wants to spin it. In March, Loeffler tweeted the results of RedBallooon and PublicSquare's Freedom Economy Index, which showed that just 17% of small businesses were worried about tariffs. But as Drew points out 17% of five million businesses isn't anything to sniff at. 'That's a lot of businesses, and a lot of jobs that will be impacted in the short term from these tariffs,' says Drew. 'We are already seeing it in our portfolios, and therefore we need to be asking borrowers about this.' MORE FROM FORBES
Yahoo
26-03-2025
- Business
- Yahoo
IBM layoffs, Panera factory closure impacting Piedmont Triad, WARN notices show
(WGHP) — Two employers have announced layoffs or closures that will impact numerous people in the Triad. According to the North Carolina Department of Commerce's WARN Notice Summary for 2025, a Winston-Salem-based IBM facility and a Greensboro-based Panera Bread factory filed notice of intended layoffs in the past week. On March 21, Panera Bread filed a notice that it would be permanently closing a factory in Greensboro, impacting 80 employees. The effective date of this closure is May 21. On March 25, IBM filed that it would be performing layoffs at a Winston-Salem site, impacting 72 employees effective May 30. Employers are required by law to file WARN notices ahead of mass layoffs or facility closures. There have been other WARN notices filed in the Triad since the beginning of the year in Randolph, Davidson, Rockingham and Guilford Counties, impacting over 350 people. FOX8 has reached out to the Department of Commerce for more information about these WARN notices. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
