economic development
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 […]
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, […]
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 […]
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: 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 […]
NC lands top honors for economic development—again
June 19. North Carolina has received Area Development magazine’s 2023 Platinum Shovel Award which recognizes states that went above and beyond the gold standard for investment and job creation. This is the second year in a row the state has received this honor, sharing the inaugural award in 2022 with Tennessee. North Carolina is the […]
NC among Top 10 states for best economy
June 7. North Carolina has the nation’s seventh best state economy, according to a new report from WalletHub. WalletHub compared all 50 states and the District of Columbia on economic strength, change in GDP, startup activity and share of jobs in high-tech industries. To view the full WalletHub report, click here. Economic Performance of North […]
Bosch plans $130 million expansion in Lincoln County
June 1. Bosch will invest $130 million to expand its power tools accessory manufacturing plant in Lincolnton, adding 400 new jobs. The German company plans to build a 325,000-square-foot building for manufacturing, logistics, and warehouse operations. A leading global supplier of technology and services, the company is committed “to develop local manufacturing here in the […]
