Charlotte Business

A new initiative has launched in one of Charlotte’s low-income Corridors of Opportunity to support small businesses.

Charlotte got some disappointing economic news this week. The Central Intercollegiate Athletic Association, or CIAA, will not be bringing its annual basketball tournament back to Charlotte — for now, anyway. Officials said, the CIAA will be in Baltimore through 2029. Charlotte had hosted the CIAA tournament from 2006 to 2020. WFAE's Marshall Terry and The Ledger's Tony Mecia discuss this, and other local business news, on this week's BizWorthy.

Gov. Josh Stein said Monday that Daimler Truck Financial Services will move its North American headquarters to Ballantyne. Stein said the headquarters move will bring 276 new jobs to Charlotte, consolidating positions in Michigan and Texas.

Etihad Airways recently announced it would begin nonstop service between Charlotte and Abu Dhabi, the first new foreign carrier in years — and Charlotte's first nonstop flight to the Middle East. According to the Charlotte Ledger Business Newsletter, that announcement was a surprise Charlotte Douglas airport. WFAE's Marshall Terry and The Ledger's Tony Mecia discuss this, and other local business news, on this week's BizWorthy.

The rules for street vendors in Charlotte could be about to change. The current regulations date back to the 1980s, and City Council is considering changes as tensions rise among vendors, business owners and residents in some neighborhoods. WFAE's Marshall Terry and The Ledger's Cristina Bolling discuss this, and other local business news, on this week's BizWorthy.

One of Charlotte’s best-known homegrown companies is being sold. AvidXchange was formed in 2000 and, as of the end of last year, had over 1,600 employees. The Ledger's Tony Mecia and WFAE's Marshall Terry have more on that, and other local business news, on this week's BizWorthy.

President Trump's new tariffs are partly on, partly on hold and partly up in the air — but some businesses around Charlotte are already seeing the impact. That includes Asian grocery stores, which import most of their goods from some of the countries facing the highest tariffs, such as China and Vietnam. The Ledger’s Cristina Bolling joins WFAE's Ely Portillo to discuss this, and more, on this week's BizWorthy.

A new bookstore opens in Charlotte this weekend, and its shelves might leave readers feeling a little steamy. The Trope Bookshop, located off Central Avenue, is dedicated entirely to romance novels.

Some critics say it appears Atrium Health is double dipping on tax refunds. Under North Carolina law, nonprofits like Atrium are limited to $45 million in sales tax refunds each year. But the hospital system may have used a legal loophole to get an even bigger refund. WFAE's Marshall Terry and The Ledger's Tony Mecia discuss this local business news, and more, on this week's BizWorthy.

The latest trend in Charlotte is spreading with a buzz: a literal caffeine buzz. New Yemeni and Middle Eastern coffee shops are springing up throughout the city.