economic development
Homegrown Nucor will build $20 million fabrication facility
June 26. Nucor Rebar Fabrication, a division of the largest steelmaker in America, will invest more than $20 million in a new rebar fabrication facility in Davidson County. The construction services company fabricates, installs, and distributes rebar to a variety of infrastructure and building projects. The new rebar fabrication facility in Lexington will be adjacent […]
New statewide office will support music industry
June 24. A new statewide office to promote and celebrate North Carolina music, musicians and the music industry is being established within the NC Department of Natural and Cultural Resources. The new North Carolina Music Office will facilitate a multitude of music-based programming and investments across the state; enhance economic development spurred by creative economies; […]
Economic development agency on ‘strategic pause,’ executive director is out
June 21. Ryan McDaniels is out as the head of the Lake Norman Economic Development Corp. (LNEDC) after 11 years at the helm of the regional business retention and recruitment organization. He could not be reached for comment. Meanwhile, the LNEDC will undertake a “strategic reevaluation” under the direction of its board which includes elected […]
Lithium battery company will bring 500+ jobs to Denver
May 4. Green New Energy Materials, a manufacturer of a key component used in lithium-ion batteries, will open a $140 million plant in Denver, creating 545 jobs. GNEM partners with LG, Samsung, SKI, AESC and Northvolt on battery separator products that are used in electric vehicles, energy storage and electric tools. Jay Zhu, general manager […]
Economic development hosts non-profit networking lunch
April 29. Lake Norman Economic Development (LNED) will hold a non-profit expo, “Connecting Our Communities,” May 14 at the Redline Facilities located at Birkdale Point. The event is designed to foster collaboration and engagement between local non-profits, businesses and community members. There will be food trucks on-site. Details Date: May 14 Time: 11 am to […]
FUJIFILM Diosynth Biotechnologies expansion means 680 new jobs
April 14. FUJIFILM Diosynth Biotechnologies North Carolina will invest $1.2 biillion in its biopharmaceutical manufacturing facility in Holly Springs. It means 680 jobs for Wake County, and, over the course of the next12 years, $4.7 billion for the state economy. FUJIFILM Diosynth Biotechnologies, a subsidiary of Tokyo-based FUJIFILM, develops life-saving products, such as recombinant proteins, […]
Orbus’ new $25 million plant in Huntersville means 100 new jobs
March 22. Orbus Visual Communications is opening a new $25 million manufacturing facility in Huntersville that will create 100 new jobs, in addition to the 86 jobs moving from Charlotte. Orbus is the nation’s largest producer of visual communications solutions for trade shows, retail environments and workplace interiors. Orbus, which acquired SEG Systems in 2022 […]
Downtown Mooresville to host 2025 NC Main Street conference
March 14. Downtown Mooresville will host the 2025 North Carolina Main Street Conference. The three-day conference, is organized by the NC Department of Commerce and the NC Main Street and Rural Planning Center. It is largest statewide downtown revitalization conference in the country. Mooresville Downtown Commission Chair Kim Saragoni said more than $58 million has […]
Steel Warehouse Co. investing $30.5 million in Hickory
March 8. Steel Warehouse Co., a South Bend, Indiana-based steel company, will invest $30.5 million in a new facility in Hickory . It means 58 new jobs, with an average annual wage of $62,000, exceeding the Catawba County average of $54,151. Annual payroll: More than $3.5 million. Background The 77-year-old company operates 15 locations across […]
Siemens Energy investing $150 million in Meck County expansion
Feb. 14. Siemens Energy, one of the world’s leading energy technology companies, will invest $150 million to expand its current facility located off Westinghouse Boulevard in Charlotte. It means 475 new jobs with an average salary of $82,052 a year. “We are excited to have Siemens Energy choose Charlotte for its advanced manufacturing facility,” said […]
