economic development

This tag is associated with 57 posts

Microsoft to invest $1B in Catawba

Nov.  10. Leaders of Catawba County, the cities of Conover and Hickory, the Town of Maiden, and the Catawba County Economic Development Corporation announced that Microsoft Corp. plans to invest a minimum of $1 billion in the phased development of four data centers in Catawba County over the next 10 years. A modest number of […]

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Forza X1 electric boat will be built in NC

Aug. 1. By Dave Yochum. Forza X1 will construct a $10.5 million plant in Western North Carolina that will build 24-foot electric-powered boats that could revolutionize boating on Lake Norman the way Tesla is revolutionizing the automotive industry. The Florida-based company—whose marketing pitch is “The Power of Quiet”—could employ as many as 170. “While the […]

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World Golf Hall of Fame returning to Pinehurst

July 20. The World Golf Hall of Fame, which was founded in Pinehurst in 1974 and then moved to St. Augustine, Fla. nearly a quarter century ago, is returning to North Carolina in 2024. The World Golf Hall of Fame was founded in Pinehurst in 1974. It moved to St. Augustine in 1998, but attendance […]

CNBC live in Wrightsville Beach July 13

CNBC names NC top state for business in US

July 13. CNBC has named North Carolina as America’s Top State for Business in 2022. CNBC’s Scott Cohn announced the news at the Oceanic in Wrightsville Beach during a live broadcast with Gov. Roy Cooper. To watch the CNBC news report, click here. Methodology The CNBC study looks at 88 metrics in ten categories of […]

VinFast manufacturing

Vietnamese automaker will invest $2 billion in NC factory

March 29. VinFast, the Vietnamese automaker with a new line of electric vehicles, will build its first North American automotive assembly and battery manufacturing plant in the Triangle Innovation Point megasite in Chatham County. The $2 billion investment will create 7,500 jobs, but President Joe Biden said the overall investment will be on the order […]

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BestCo expansion in Mooresville means 394 new jobs

Feb. 17. BestCo will invest $177 million to increase production capacity at its plant in Mooresville creating 394 jobs. The manufacturer of over-the-counter pharmaceutical, vitamin, and supplement products. The payroll impact is expected to be more than $20.1 million a year. The project is estimated to grow the state’s economy by $2.8 billion. Economic incentives […]

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Register for Davidson arts weekend

Feb. 9. With art a proven economic development tool, the Town of Davidson hosting a Gallery Crawl and art festival April 22-24 downtown. It all starts with the Gallery Crawl April 22, then the Art on the Green festival on April 23 and 24. Artists are encouraged to apply to display and sell their art, […]

The Eli Lilly site in Concord

Concord lands $900 million Eli Lilly plant

Jan. 28. Eli Lilly will invest more than $900 million and create nearly 600 jobs at a new plant at The Grounds at Concord, the site of the former Philip Morris plant. It is one of the largest economic development announcements in the history of Cabarrus County. Lilly’s facility, in the same sprawling complex as […]

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Prime development site grows with another acquisition in downtown Cornelius

Dec. 14. By Dave Yochum. Another piece of the downtown Cornelius redevelopment puzzle appears to have fallen into place. Corner Oak LLC has purchased 21314 Catawba Ave. for $812,500. The seller is John Ralph Harlan who lived for many years with his family on the second floor. In 2016, after renovations, the property was assessed […]

Photo: Toyota pressroom

Toyota to build $1.3B battery plant in NC

Dec. 7. Toyota’s new North American battery manufacturing plant will create at least 1,750 jobs and contribute more than $9.5 billion to the North Carolina economy over the next 20 years. “The future of mobility is electrification and the Greensboro-Randolph Megasite is the ideal location to make that future a reality,” said Ted Ogawa, CEO […]