economic development

This tag is associated with 74 posts

Major expansion of manufacturer in Catawba County means 48 new jobs

Dec. 6. Millwork & Panel, a residential siding manufacturer, will invest more than $14 million over the next three years to expand its vinyl siding operations in Claremont creating 48 new jobs in Catawba County. Over the next five years, the total investment is expected to be more than $27 million. Background Millwork & Panel […]

R2R: Raleigh to Richmond via rail | NCDOT

R2R: New passenger rail line will be eco-devo boon for NC/Va

Dec. 6. The US Department of Transportation will award a $1 billion for the development of a new passenger rail line between Raleigh and Richmond, Va., according to Sen. Thom Tillis. Tillis called the project, known as R2R, “a big win for economic development in the region.” The Huntersville resident and former Cornelius Town Board […]

Gov. Cooper announces Atom expansion

A better future, one clean energy job at a time.

Dec. 5. By Roy Cooper. [Opinion] An economic shift to clean energy is taking place across the world, demanded by communities and businesses and supplied by private markets. When I took office in 2017, we saw this shift coming and planned to make North Carolina a leader in clean energy so that our entire state […]

Rendering of Toyota facility in Liberty NC

Toyota investing $8 billion and creating 3,000 new jobs in NC

Oct. 31. Toyota has announced plans to invest an additional $8 billion in its electric battery manufacturing site in Randolph County, including hiring another 3,000 employees. Toyota’s total investment in the Randolph County site is approaching $14 billion and more than 5,000 jobs. “North Carolina’s transition to a clean energy economy is bringing better paying […]

The Cain Center for the arts opened early this year, boosting the arts industry in N. Meck

Arts in Mecklenburg: A $453 million industry

Oct. 17. The Arts & Science Council (ASC) says Charlotte-Mecklenburg’s nonprofit arts and culture industry generated $453.8 million in economic activity in 2022. According to data compiled by Americans for the Arts/Arts & Economic Prosperity 6, there was $217,865,355 in spending by nonprofit arts and culture organizations last year. Audiences spent $235,934,800 in event-related activities, […]

Chick-fil-A will open $58.3 million distribution center in Kannapolis

Sept. 19. Chick-fil-A Supply, the distribution service provider for Chick-fil-A restaurants, will establish distribution center in the Lakeshore Corporate Park in the Rowan County portion of Kannapolis. The $58.3 million plant will generate 112 new jobs over the next five years with 85 of those jobs occurring in the first two years. Lakeshore Corporate Park, […]

Mill's Market rendering

Developer trims Mill’s Market plan in downtown Cornelius

Aug. 10. By Dave Vieser. The Mill’s Market proposal for 2.3 acres in the heart of downtown has been scaled back in general, but it will have a larger commercial component than was originally presented last year. Developer Mark Miller of Highline Partners told Cornelius Today that “we heard comments when the proposal was first […]

Open letter from the LKN Chamber CEO

[Opinion] Aug. 4. By Bill Russell. This month marks my 30-year anniversary as a chamber of commerce executive. It seems like only yesterday when in 1996, elected, community, and business leaders of our area met in the lobby of the Visitors Center to welcome me to Lake Norman. I still recall my earlier interview when […]

TTX is moving to Charlotte

Major rail industry firm will move headquarters to Charlotte

July 11. TTX Co., a major provider of railcars and related freight car management services to the rail industry, will move its headquarters to Charlotte, creating 150 jobs. The company will invest $14.5 million in Mecklenburg County. “Designated as the number one state in the nation do to business for the second year in a […]

CNBC says NC No. 1 for business nationwide

CNBC: North Carolina is No. 1 state for business

July 11. CNBC has named North Carolina the Top State for Business in 2023 for the second year in a row. “After another record-breaking year for economic development wins, I am more than proud to see the great state of North Carolina recognized as the best state in the nation for business yet again,” said […]