economic development

This tag is associated with 83 posts

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

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, […]

New production facility:  Orbus Visual Communications/SEG Systems/Fabric Images

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 screenshot

Downtown Mooresville to host 2025 NC Main Street conference

March 14. Downtown Mooresville has 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 […]

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 […]

Dehn will bring 195 jobs to Lake Norman

  Jan. 24. Dehn Inc., a family-owned electrical engineering company based in Neumarkt, Germany, will invest $38.6 million in a new headquarters in Mooresville. Dehn, which holds more than 1,100 patents, will create nearly 200 jobs between 2025 and 2029. The 114-year-old company will receive $1.17 million in state tax incentives over the next 12 […]

NC: $12.9 billion in new capital investment

NC eco-devo win: 14,100 new jobs and billions in investment in 2023

Dec. 19. North Carolina landed 14,114 new jobs in 2023, representing 134 business recruitment, expansion and rural development projects worth $12.9 billion of capital investment into the state. Of note: Clean energy businesses are transforming the state’s economy. “North Carolina has seen historic economic growth and development in the last few years including our rural […]

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 […]