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Charlotte Entrepreneurship Center wins preliminary approval

A new “Entrepreneurship Center of Charlotte” is closer to reality following a meeting this morning of the Mecklenburg County Industrial Facilities and Pollution Control Financing Authority. Charlotte-based RedF Marketing is seeking up to $6.48 million in Recovery Zone Facility Bonds ...

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Foreclosure pause makes some fearful; others see bright side

As more of the country’s biggest financial institutions and mortgage lenders are pulled into the ongoing controversy involving questionable foreclosure processes, many predict the situation could have a chilling effect on the country’s already battered economy and real estate market. ...

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Council members debate value of report (access required)

Every two years, the city of Charlotte has the University of North Carolina at Charlotte put together a “Quality of Life Report” that details economic trends in 173 different neighborhood statistical areas. For the $75,000 the city spends on the ...

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Hurdles remain to plug county’s affordable-housing gap (access required)

According to the Out of Reach 2010 report from Washington, D.C.-based National Low Income Housing Coalition, more than 40 percent of renters in Charlotte cannot afford the fair-market rate for a two-bedroom rental unit. The report says a Charlotte renter ...

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Waiting Game (access required)

With so much talk about subprime mortgages, a housing bust and foreclosures, it might be hard to believe that home values have increased since the last time Mecklenburg County had a tax revaluation. Believe it, said Chuck Hicks, revaluation manager ...

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Foreclosure probe does not stem from N.C. complaints

An investigation by the North Carolina attorney general into the foreclosure practices of 14 mortgage lenders does not stem from complaints from North Carolina consumers, according to a spokeswoman for the attorney general. On Wednesday, Attorney General Roy Cooper announced ...

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