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Business
Burke sees modest increase in new business in October
By CHARDA PEARSON
Education and Business Reporter
In October 2024, 40 new Burke County businesses registered with the North Carolina Secretary of State, representing a 25% increase over the previous month, and a 14% increase over October 2023.
October’s additions push the number of new businesses in Burke to 444 for 2024, a 6% decline from the same period in 2023. Projected 2024 new business registrations are trending to be lower than 2023 with total of 533.
Most of the new business registrations were from Morganton, 29. Connelly Springs totaled five; Valdese, four. One new registration listed Hickory as its agent’s address and one new registration listed Hildebran as its agent’s address.
Statewide statistics show business creation in 2024 is down over the previous year. N.C. Secretary of State Elaine F. Marshall said in March, “New business creation has accelerated substantially since the beginning of the global pandemic in early 2020. In fact, new business creations are on a record pace through the first two months of 2024.”
City of Morganton's October building permits, totaling $10.9 million
Morganton has issued 64 permits for Riverbend Apartments, slated
to be built at 620 Independence Blvd. This location is beside the
City of Morganton’s water treatment plant.
FOR THE PAPER
In October, the City of Morganton issued 375 storm-related and regular construction permits that totaled $10.9 million.
In the days after Hurricane Helene, the City issued storm-related permits free of charge and has continued to do so. These permits include building, plumbing, electrical, and mechanical work due to flood and storm damage.
289 residential permits include reroofing, house reconstruction from tree damages, replacing structures, etc.
84 commercial permits issued for restaurant remodels, reframing business offices, rebuilding properties, and rewiring projects
One significant project is the 64 permits issued to five units for Riverbend Apartments, totaling $5,213,744. This is 47.83% of the total construction value in October.
Other noteworthy projects include:
$475,000 for Burke United Christian Ministries for electrical and plumbing work to convert the former Food Lion at 570 E. Fleming Drive to their new location
$159,500 for multiple businesses on Sanford Drive like Greenway Dental, Catawba Valley Staffing, Edward Jones, etc.
$25,000 for wiring of T-Mobile telecommunications equipment and tower
In October 2023, 364 permits totaling $7.6 million in construction value were issued.
The records are available through Morganton’s Development and Design Services department, which reviews and oversees incoming permits.
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