Your source for construction industry news in the Carolinas
Construction is often viewed as a reflection of economic growth. When businesses expand, populations increase, and capital investment accelerates, construction activity follows. But that perspective overlooks a fundamental reality: Construction doesn’t simply respond to economic growth. It helps create it. A recent article in Area Development by Scott Canada, President of the Mission Critical Team…
Caterpillar Inc. (NYSE: CAT) intends to invest approximately $1 billion in North Carolina to expand manufacturing capacity for products that support its growing Cat CompactSM business, helping customers gain faster access to the machines they need to solve tough jobsite challenges and build homes, infrastructure and communities. The investment includes plans for a new modern manufacturing…
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…
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…
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…
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…
$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…
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…
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…
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…
