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Charlotte on the Board Again with $5.8 Million Corporate Expansion

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Charlotte on the Board Again with $5.8 Million Corporate Expansion

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InterContinental Capital Group announced that it is expanding its presence in Charlotte, adding 500 new employees and investing $5.8 million to expand its corporate office in North Carolina’s most-populated city.

Headquartered in Melville, New York, InterContinental Capital is a direct mortgage lender that specializes in providing home financing for single-family residential properties. The company currently employs about 180 people in Charlotte’s Montford area.

InterContinental Capital’s expansion comes on the heels of the previously mentioned Centene Corp. project from July and fintech firm Retirement Clearinghouse’s August announcement of a 300-job expansion at its Charlotte location. 

“Even amidst a global pandemic, Charlotte continues to prove it is an attractive market for businesses to expand and relocate due to our strong talent pool, low cost of doing business and our commitment to creating a great place for both people to live and do business,” says Fran West, assistant director for Economic Development/Business Recruitment. 

The project was a collaborative effort between the City of Charlotte, Mecklenburg County, the North Carolina Department of Commerce, the Economic Development Partnership of North Carolina, the North Carolina Community College System, Central Piedmont Community College, University of North Carolina Charlotte and the Charlotte Regional Business Alliance.

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UPS Flight Forward Boasts First-Ever Part 135 Standard Certification

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Drones continue to make news headlines with the latest announcement from UPS Flight Forward, Inc. confirming the first-ever government-approved Part 135 Standard certification awarded by the FAA earlier this week. This certification – which is known as the highest level, supports the UPS subsidiary to further opportunities in drone deliveries including operating drones beyond the visual line of sight (BVLOS).

“This is history in the making, and we aren’t done yet,” said David Abney, UPS chief executive officer. “Our technology is opening doors for UPS and solving problems in unique ways for our customers. We will soon announce other steps to build out our infrastructure, expand services for healthcare customers and put drones to new uses in the future.”

UPS Flight Forward deployed the first BVLOS drone delivery to WakeMed’s hospital in Raleigh, North Carolina shortly after receiving the certification. The government-exempted BVLOS flight was carried out by Matternet’s M2 quadcopter. UPS partnered with drone creator Matternet earlier this year to expand supporting healthcare delivery operations specifically for WakeMed’s hospital campus. These operations further reiterate the demand for efficient, speedy deliveries for the medical industry and its patients.

“UPS Flight Forward is benefitting from our knowledge as one of the world’s leading airlines. The Flight Forward organization is building a full-scale drone operation based on the rigorous reliability, safety, and control requirements of the FAA,” Abney said.

The Part 135 Standard certification carries significant advantages with minimal restrictions to UPS, such as no limits on the scale of operations, unlimited numbers of drones and remote operators, cargo weights exceeding 55 pounds, and more. By obtaining this certification, common barriers associated with drone deliveries are eliminated.

“This is a big step forward in safely integrating unmanned aircraft systems into our airspace, expanding access to healthcare in North Carolina and building on the success of the national UAS Integration Pilot Program to maintain American leadership in unmanned aviation,” said U.S. Secretary of Transportation Elaine L. Chao.