Your source for construction industry news in the Carolinas
EDP Renewables North America LLC (EDPR NA), a leading top five renewable energy developer and operator in North America, is pleased to present the recently completed Misenheimer Solar Park, located in the Village of Misenheimer in Stanly County, North Carolina. The solar project is one of the largest in the state, with an installed capacity of 74 megawatts (MW). Misenheimer…
Toyota will prepare for assembly of an all-new, three row battery electric SUV in the U.S. as part of a new $1.4 billion investment in its Princeton facility, affirming Toyota’s commitment to reinvesting profits in its U.S. operations and bringing total investment in Toyota Indiana to $8 billion. This also brings the addition of up to 340 new, high-quality jobs…
Vantage Group Holdings Ltd. (Vantage) launched today its U.S. Large Property offering through its U.S. insurance subsidiaries, further extending the company’s insurance capabilities for its brokers and clients. Vantage’s new U.S. Large Property team builds on the group’s existing property expertise and sustained portfolio growth. Designed to serve a broad range of middle market and corporate…
Duke Energy (NYSE: DUK) today released its 2023 Impact Report, its 18th annual accounting of its progress toward its sustainable business goals. This year’s report includes highlights from its 2050 clean energy transition strategy, which strives to deliver industry-leading reliability, competitive rates for customers, and accelerated infrastructure and economic development to meet the growing needs of its…
Looking for New Life in the National and Regional Economy Every year April brings beautiful images of new life, but this time we are also getting positive readings on the U.S. and regional economies. With the closing of 2023, we learned that real GDP growth for the nation perked along at a 2.5% rate, well…
FMI recently released their 2024 North American Engineering and Construction Overview: Second Quarter. According to the Outlook, engineering and construction spending is expected to end 2024 up 5%, but not all sectors will be the same. Manufacturing, lodging, and highway and street look poised for double-digit growth while those in the multifamily and commercial sectors…
The National Institute of Building Sciences (NIBS) has released the schedule for Building Innovation 2024. Building Innovation is one of the premiere meetings for all who impact the built environment to find solutions. BI2024 takes place May 22-24, at the Capital Hilton in Washington, DC. The conference kicks off May 22 with the NIBS 50th Anniversary General Session, featuring partners and members with the…
The Site Selectors Guild, the only association of the world’s foremost professional site selection consultants, has elected a new board of directors to be led by Seth Martindale, senior managing director at CBRE, as board chair. Martindale takes the board chair position after nine years as an active member of the Site Selectors Guild and three…
Innovative Construction Group, LLC, an off-site construction services company serving developers, general contractors, and professional builders, expects to establish a new manufacturing facility in Chatham County and the Town of Siler City. The company plans to make a capital investment of approximately $39.8 million which will create, they believe, as many as 157 jobs over…
Associated Builders and Contractors today issued the following statement opposing the U.S. Department of Labor’s final rule that will change overtime regulations under the Fair Labor Standards Act. The final rule increases the minimum annual salary level threshold for exemption in two phases: from the current level of $35,568 to $43,888 on July 1, 2024,…
