Recent News

Middle market shows first quarter of spending growth since onset of COVID-19 in latest trends report from AvidXchange

April 2, 2021

CHARLOTTE, N.C., AvidXchange, the leading provider of accounts payable (AP) and payment automation solutions for the middle market, today released the second report in its Middle Market Spending Trends series based on data captured from the 12 million payments processed annually through the AvidPay Network. The latest research shows that overall spending by middle market companies increased six percent in Q4 2020 compared to the same quarter in 2019 – the first quarter of positive growth since the onset of COVID-19. This growth was preceded by a flat quarter in Q3 2020 when the middle market initially took a turn toward recovery. Q4…

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Dosher Appoints Manager of Therapy Services

April 2, 2021

SOUTHPORT – Dosher Memorial Hospital has appointed Scott Passingham, MPT, to the role of Manager of Therapy Services. Scott received his Master’s in Physical Therapy from East Carolina University in May, 2000 and has been a part of the Therapy team at Dosher since April, 2006. In his new role, Scott will oversee all Physical Therapy, Occupational Therapy, and Speech services at Dosher. “Scott’s investment in the successful outcomes of his patients and his commitment to the success of the Dosher Therapy team has proven that he will bring great value as a manager,” said Lynda Stanley, President of Dosher…

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Salt & Sand Realty and Vacation Rentals Ribbon Cutting

April 2, 2021

Oak Island, NC — The Southport Oak Island Area Chamber of Commerce held a ribbon-cutting ceremony at the end of February to welcome Salt & Sand Realty as the newest full-service vacation rental management and real estate company on the island. The ribbon-cutting took place on February 26 at their office, 104 Price Street on Oak Island. Salt & Sand Realty (and Vacation Rentals) launched at the end of December 2020 and specializes in luxury vacation home management with a focus on providing the highest level of attention to detail for their homeowners and vacation guests alike. Through managing their own…

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Piedmont Natural Gas requires contractors to adopt new safe digging program; reports fewer damages to its underground facilities

April 2, 2021

April is National Safe Digging Month. Digging before calling 811 to have underground utility lines marked can be dangerous, costly. CHARLOTTE, N.C. – Even as damages to underground utility lines across the nation rise, Piedmont Natural Gas is reporting an 8% decrease in the Carolinas and Tennessee. The company credits new damage prevention initiatives and increased public awareness campaigns. Piedmont reported approximately 200 fewer damages to its underground lines in 2020 than in 2019. This success coincides with Piedmont’s adoption of the Gold Shovel Standard, a non-profit organization that promotes safe digging practices using standardized performance metrics. Piedmont requires all its…

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More than $120 million in COVID relief money was returned, auditor finds

April 2, 2021

by Andrew Dunn, Carolina Journal News Service RALEIGH — The federal government sent nearly $4 billion in COVID relief money to North Carolina, but a sizable chunk of it was returned, unwanted, a new report from the state auditor’s office finds. The report from State Auditor Beth Wood determined North Carolina’s budget office properly distributed the $3.6 billion in COVID relief money allocated by the General Assembly last year. The money was part of the trillions of dollars in relief passed by the U.S. Congress over the course of last year. But $120.8 million was returned to the state, primarily from state…

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Duke Energy responds to North Carolina Utilities Commission’s decision on Duke Energy Carolinas’ 2019 rate request

April 1, 2021

CHARLOTTE, N.C. – Duke Energy issued the following statement in response to today’s order by the North Carolina Utilities Commission (NCUC) on the rate adjustment request made by Duke Energy Carolinas on Sept. 30, 2019. Duke Energy worked with the NCUC, the North Carolina Public Staff, and other groups last spring to postpone the rate case proceedings due to the pandemic. The company has taken numerous additional steps over the past year to support customers through suspension of disconnections, flexible payment arrangements and more than $20 million in charitable giving across the state. The full NCUC order can be found here. Duke Energy…

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National Gypsum Company Announces New Digital Platform Launch

April 1, 2021

CHARLOTTE, N.C., — National Gypsum Company, the exclusive service provider of reliable, high-performance building products manufactured by its affiliate companies and marketed under the Gold Bond®, PermaBASE® and ProForm® brands, has launched a multi-website platform that provides an unmatched user experience for architects, contractors, remodelers, distributors, homeowners and other visitors. The new digital platform includes a family of websites dedicated to the National Gypsum, Gold Bond, PermaBASE, ProForm and PURPLE brands. While each site is accessible through the National Gypsum® website at nationalgypsum.com, they are also available from their own uniform resource locators (URL): nationalgypsum.com, goldbondbuilding.com, permabase.com, proformfinishing.com, and askforpurple.com. “To construct the…

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UNCW webinar: “COVID-19 and the Global Economy: A (Virtual) Roundtable, Discussion and Q&A with UNCW Faculty”

April 1, 2021

COVID-19 has had a profound impact on the world and the economy. UNCW’s Interdisciplinary Research Community in International Trade and Exchange and the Office of Research and Innovation will explore the effects during “COVID-19 and the Global Economy: A (Virtual) Roundtable, Discussion and Q&A with UNCW Faculty” at 3:30 p.m. on April 15.  The discussion will cover the pandemic’s impacts on the supply chain; financial markets; global migration and movement; as well as “economic oddities” of the pandemic recession.  Panelists include faculty members Drew Rosen and Rebecca Scott, Congdon School of Supply Chain Management; Cetin Ciner, economics and finance; Julia Morris, international studies; and…

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NFIB Key Votes Proposed NC Constitutional Amendment on Eminent Domain

April 1, 2021

RALEIGH — NFIB State Director Gregg Thompson says North Carolina’s leading small business advocacy organization is telling lawmakers it will “key vote” a proposed state constitutional amendment that would stop eminent domain abuse. SB 378 and HB 271 would put a state amendment on the 2021 general election ballot that would stop the government from using the power of eminent domain to seize private property unless it’s for public use. “It’s one thing for a government entity to take someone’s property for a public project like a road or a school but seizing someone’s land so someone else can develop…

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Piedmont Advantage Credit Union recognized for excellence in mortgage loan production

April 1, 2021

WINSTON-SALEM, N.C., — For the third consecutive year, Piedmont Advantage Credit Union has been recognized by the Credit Union Mortgage Association (CUMA) for excellence in mortgage loan production in 2020. Piedmont Advantage’s Vice President of Lending Perry Crutchfield ceremoniously accepted the honor virtually on behalf of the credit union on Friday, March 26. A Credit Union Service Organization, CUMA partners with more than 90 credit unions nationwide to offer mortgage services and access to the secondary mortgage market and government-secured loan products, like Federal Home Association (FHA), Veteran Administration (VA) and U.S. Department of Agriculture (USDA) to their members. CUMA’s 2020 recognition is the…

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