The first phase of construction will be a six-story, 180,000 square-foot building to house up to 750 employees. They hope to break ground this fall. The second phase will be an additional 180,000 square-foot building and a parking garage.
MSC Industrial Direct Co., Inc. (NYSE: MSM), is one of the largest direct marketers and premier distributors of Metalworking and Maintenance, Repair and Operations (“MRO”) supplies to industrial customers throughout the United States.
MSC employees from its Melville office will visit the area this summer to see the region.
“They are on a fast track for building completion by the end of July 2013,” Town Manager Leamon Brice said.
JJ Wade & Associates congratulates Droege for insurance designation
DAVIDSON – Local independent insurance agency, JJ Wade & Associates, congratulates H. Garrett Droege for attaining the designation, Certified Insurance Counselor. Droege has demonstrated professional competence through a series of rigorous written exam, focusing on all major lines of insurance, agency operations and insurance program management. Garrett serves as director of the innovation Risk Division – a specialized practice group focusing on insurance for technology, life sciences, energy, venture capital and cyber exposures.
More information can be found at www.jjwadeinsurance.com.
Visitor spending in Lake Norman tops $23 million; supports 235 jobs
CORNELIUS – Visit Lake Norman’s efforts in recruiting and hosting events during the last 12 months have, generated nearly $23.1 million in direct visitor spending to the region’s towns, the tourism agency recently reported.
The events brought approximately 81,829 visitors to Cornelius, Davidson and Huntersville between July 2011 and June 2012, a 49.2 percent increase from the previous fiscal year. These visitors spent money in local hotels, restaurants, retail stores, and gas stations, propelling the economy and saving local residents $430 in taxes per household.
According to the N.C. Department of Commerce, every $98,000 in visitor spending supports one North Carolina job and each non-resident dollar spent generates 25 cents in wages and salaries, meaning VLN’s contribution equaled almost $5.8 million in income to residents and helped sustain 235 jobs in the past year.
Statewide, the leisure and hospitality industry has led North Carolina’s employment growth since 2011, with domestic visitors spending a record $18.4 billion across the state, generating $2.8 billion in tax revenues and supporting more than 187,900 jobs.
The travel and tourism industry has commanded the top spot in employment growth for the national economy over the last few months as well, with one in nine jobs depending on travelers.
The U.S. Travel Association reported earlier in July that since March 2011, the travel industry has created 271,000 new jobs, a growth rate that’s 26 percent faster than any other sector of the economy.