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Business

  • Movement Mortgage lays off 75 in IL

    Movement Mortgage, a big driver of the Panhandle’s recent economic boom, announced layoffs of 180 workers Thursday, including 75 at its Indian Land headquarters.
    The company blamed lower loan volumes, a consequence of rising interest rates that have triggered a downturn in housing and mortgage markets across the country. It cited predictions for continued softening of loan demand in 2019.

  • 40 years and counting at Annette’s Hallmark

    Amy Glover and Barbara Wrape have been side-by-side at Annette’s Hallmark House since 1978, when Wrape and her husband, Fred, bought the business.
    The store, in Lancaster Square Shopping Center on North Main Street, is celebrating its 40th anniversary this month.
    Glover, who now runs the business, grew up in the shop. She was 9 when her stay-at-home mom became a business owner and manager. The store had been in Lancaster for five years already, but the previous owners decided to sell it once their lease was up.

  • Chamber launches membership drive

    Business people packed The Craft Stand on Main Street on Wednesday to kick off the Lancaster County Chamber of Commerce’s annual membership campaign.
    About 50 business owners and executives intermingled and struck up conversations over coffee at the morning gathering.
    “We represent all the businesses in the county, whether they invest in the organization or not,” said Dean Faile, the chamber’s president and CEO. “We’re trying to make Lancaster County an economically better place for businesses to thrive.”

  • Charley’s Cafe shuts down, new owners going casual

    Charley’s Cafe and Catering – downtown Lancaster’s only fine-dining spot – is no more.
    Owner and head chef Ken Killingsworth, who opened the restaurant in 2000 at 306 S. Main St., served his last dish Saturday night, said his friend and fellow downtown business operator Don Geraghty, owner of The Craft Stand beer pub and a huge fan of Killingsworth’s crab cakes.

  • Lancaster ranks No. 1 in Carolinas

    When it comes to attracting investment, few places have been better at it recently than Lancaster County.
    For the third time in the past four years, Lancaster has ranked first in incoming economic investments among all 46 S.C. counties, according to Smart Asset, a New York-based financial technology and investment information firm. This year, we outpaced all 145 other counties in the Carolinas.
    Nationally, for 2018, the county ranked 26th out of the 3,007 counties in the continental United States.

  • Victory lap for county

    What a difference a decade can make.
    It was just 10 years ago, as the Great Recession took hold, that Forbes magazine listed Lancaster as the “most vulnerable” town in America.

  • Scott visits 'Bentley of bumpers' plant

    Business is booming at Lancaster-based Fab Fours. But business would be a lot better if the company didn’t have to contend with Chinese-made knockoffs resulting from theft of the manufacturer’s intellectual property, according to owner and CEO Greg Higgs.
    Chinese IP theft was Higgs’ major focus Wednesday as he hosted a visit from U.S. Sen. Tim Scott (R-S.C.).

  • Steel maker to bring HQ and 139 jobs

    Lancaster County’s already dominant manufacturing base is set to expand even further.
    County and state officials announced Tuesday that Synergy Steel, based in Union County, N.C., will be moving its headquarters and metal fabrication facility to Lancaster over the coming months.

  • Business incubator to open downtown

    Downtown Lancaster’s path to revival is on the cusp of taking yet another step.
    A family-owned company based in Indian Trail, N.C., is in the final stages of purchasing the long-vacant First Citizens Bank building at 115 W. Gay St. – ideally situated at the intersection of Catawba Street directly across from the historic Springs House.

  • Sharonview expanding, relocating HQ

    INDIAN LAND – Sharonview Federal Credit Union is relocating its corporate headquarters within Lancaster County to a larger facility and plans to add more than 100 jobs as a result, the organization announced Wednesday.
    Sharonview President and CEO Bill Partin said the credit union will move from its current cramped digs in the 521 Corporate Center near the Red Ventures campus in Indian Land to new headquarters located less than a mile south on U.S. 521 in the former HSBC building at Edgewater Corporate Center.