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Economic Development

The Carolinas’ 2025 Deal Book: Foreign Investment, Growth, and Policy Crosswinds

by GroundBreak Carolinas Staff on August 22, 2025

The first eight months of 2025 have confirmed what many executives and contractors in the Carolinas already sense: the region remains a magnet for capital investment, even as national indicators turn mixed. From hyperscale data centers and advanced life sciences plants to aerospace assembly lines and fintech hubs, North Carolina and South Carolina have captured…

Topics: Economic Development, Featured
Economic Development

Area Development Unveils 2024 Leading Metro Locations Report

by Area Development on January 2, 2025

New Rankings Highlight Reshuffling of Economic Power Among U.S. Cities Area Development, the leading publication for corporate site selectors and economic development professionals, has released its annual 2024 Leading Metro Locations Report, offering a comprehensive look at the cities driving America’s economic future. Produced in collaboration with Chmura Economics & Analytics, this year’s report highlights key…

Topics: Economic Development, Featured
Economic Development

EDPNC Releases Selectsite Readiness Program Report

by EDPNC on July 10, 2024

The Economic Development Partnership of North Carolina (EDPNC) today released the North Carolina Selectsite Readiness Program Report, which details the EDPNC’s efforts to identify 15 sites across the state best positioned to serve major advanced manufacturing projects. The Economic Development Partnership of North Carolina (EDPNC) today released the North Carolina Selectsite Readiness Program Report, which…

Topics: Business, Economic Development
Economic Development, EDPNC, Selectsite

EDPNC Releases “Sustaining Success” Annual Report

by EDPNC on April 9, 2024

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…

Topics: Business, Economic Development
Economic Development

South Carolina Achieves Second-highest Industry Recruitment in 2023

by SC Commerce Department on January 4, 2024

$9.22 billion announced capital investment on the heels of a record-setting 2022 The South Carolina Department of Commerce (S.C. Commerce) today released its 2023 industry recruitment results which reflect sustained economic activity. From January to December 2023, the state announced total capital investment of $9.22 billion, the second largest amount in state history. That investment…

Topics: Business, Economic Development
Economic Development, South Carolina Department of Commerce

Sportsman Boats Manufacturing Expands South Carolina Operations

by GroundBreak Carolinas Staff on April 1, 2022

Sportsman Boats Manufacturing Inc., a family-owned and -operated maker of saltwater fishing boats, announced plans to expand its operations in Dorchester County. The company’s $8 million investment will create 75 new jobs. “Our organization has grown tremendously since 2012. A big part of that success has been made possible by the support of Dorchester County…

Topics: Economic Development
Economic Development, Sportsman Boats

Automotive Manufacturer Vinfast Selects North Carolina

by EDPNC on March 30, 2022

Governor Cooper announced yesterday that VinFast, a Vietnamese electric vehicle and battery company, is bringing its first North American automotive assembly and battery manufacturing plant to North Carolina. The company plans to invest $4 billion and create 7,500 jobs in Chatham County, making this the largest economic development project in North Carolina’s history. “North Carolina’s state leadership…

Topics: Economic Development
Economic Development, Vinfast

EDPNC Releases 2021 Annual Report

by EDPNC on March 21, 2022

The Economic Development Partnership of North Carolina (EDPNC) today released is 2021 Annual Report entitled “Together We Thrive,” highlighting North Carolina’s notable economic growth in 2021. The report includes an in-depth analysis of the state’s successes through the work of the EDPNC and its partners, such as the North Carolina Department of Commerce. In 2021, the EDPNC…

Topics: Economic Development
Economic Development, EDPNC

South Carolina Economic Activity Capped by $5.7 billion in Capital Investment, More than 18,000 Jobs Recruited

by South Carolina Department of Commerce on January 31, 2022

The South Carolina Department of Commerce today released its 2021 industry recruitment results, which break multiple records set throughout the past decade. In total, the state won 153 projects, accounting for $5.7 billion in capital investment and more than 18,000 new jobs. “South Carolina’s strong industry recruitment in 2021 proves that we are a state…

Topics: Economic Development, Featured
Economic Development, South Carolina

“All In North Carolina” Campaign launched to Recruit Businesses and Workforce to North Carolina

by EDPNC on June 17, 2021

The Economic Development Partnership of North Carolina (EDPNC) launched a national advertising campaign focused on increasing awareness and choice of North Carolina as a place where diverse businesses and workforce talent can thrive. Titled “All In North Carolina,” the campaign’s central message stresses the vast opportunity and diversity of place, people, businesses and industries North…

Topics: Business, Economic Development, Workforce
Economic Development, EDPNC, Workforce

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