EDPNC Releases “Sustaining Success” Annual Report

The Economic Development Partnership of North Carolina (EDPNC) today released its 2023 Annual Report entitled “Sustaining Success,” highlighting North Carolina’s economic development successes in 2023. The report includes an in-depth analysis of the work of the EDPNC and its partners, including the North Carolina Department of Commerce and local economic development organizations.

In 2023, the EDPNC, along with state and local partners, closed 111 corporate relocations and expansions, bringing 10,855 new jobs and $4.89 billion in capital investment. Of those projects, 26 were foreign direct investment (FDI) announcements, for a total of 4,516 new jobs and $1.81 billion in capital investment.

“North Carolina had a record-breaking year in 2022, and with the hard work of the EDPNC and its partners, the state showed that it can sustain that success in 2023,” said Gene McLaurin, chairman of the EDPNC Board of Directors. “It is no wonder CNBC named North Carolina America’s Top State for Business for the second year in a row.”

“Last year, North Carolina saw an increase in announcements in the clean energy and electric vehicle industries, as well as foreign direct investment and expansions from companies like Toyota and Bosch,” said Christopher Chung, CEO of the EDPNC. “It is a testament to the state’s strong public and private partnerships, highly educated workforce and world-class education, and we are proud to share our work in our annual report.”

The EDPNC’s full digital report includes overviews, project wins, and company profiles from across the EDPNC’s divisions. To read the report, visit edpnc-annualreport.com.