Your source for construction industry news in the Carolinas
The Economic Development Partnership of North Carolina is pleased to announce the release of our 2017 Annual Report. Titled “Making Connections,” this year’s report is dedicated to EDPNC’s network of investors, partners, and community members across the state. Economic development is a team sport—yes, it’s true that one of the biggest clichés in economic development…
Report provides a rare, transaction-level snapshot into local and state governments’ economic development incentives in four U.S. cities Brookings Metropolitan Policy Program released a new report, Examining the Local Value of Economic Development Incentives: Evidence from Four U.S. Cities, by Joseph Parilla and Sifan Liu. The report explains why U.S. local and state governments deploy $45 billion to $90…
GE Aviation is adding 146 full-time jobs over four years at its facilities in Asheville and West Jefferson, North Carolina, as it expands production capacity supporting its revolutionary ceramic matrix composite (CMC) line of jet engine components. The global manufacturer of aircraft engines and components will invest nearly $105 million in the expansion. The Asheville…
Strategic Development Group and Goldsmith Strategy, both site selection firms based in South Carolina, have announced they are joining forces. Strategic Development Group (SDG) President and CEO Mark Williams will serve as the President of the combined firm, and Jeannette Goldsmith will serve as Vice President. Both Williams and Goldsmith have extensive careers in the…
The staff at Business Facilities magazine has named South Carolina as the 2017 State of the Year. The publication, which reaches key influencer that make corporate facility and real estate decisions, cited investment by Volve, BMW, Samsung and others as key factors in their decision in selecting South Carolina. Below is from Business Facilities South Carolina…
North Carolina Gov. Roy Cooper has launched a new initiative, dubbed Hometown Strong, that focuses on partnering with local leaders to stimulate economies in rural communities and help businesses thrive in those areas. “Small communities like the one I grew up in have a special character and so much to offer,” Cooper said. “They deserve…
US business investment projects accounted for $142 billion in capital investment in 2016, according to the EY 2017 US Investment Monitor (USIM), an annual report prepared by Ernst & Young LLP’s Quantitative Economics and Statistics (QUEST) and Indirect Tax practices. Nearly 5,400 business investments were announced in 2016 and are expected to create or retain…
The S.C. Department of Commerce released its 2017 industry recruitment results. In total, the state won 157 economic development projects last year, accounting for $5.24 billion in capital investment and 18,445 new jobs. “South Carolina has become an industrial powerhouse,” said Secretary of Commerce Bobby Hitt. “To recruit more than $5 billion in capital investment…
The South Carolina Economic Developers Association (SCEDA), a statewide organization whose primary objective is to increase the effectiveness of individuals involved in the practice of economic development in South Carolina by encouraging cooperation, exchange of information, and promotion of professional skills, announced 56 new members. The new SCEDA members are: Sergio Aparicio City of Columbia…
The S.C. Department of Commerce has been awarded a State Trade Expansion Program (STEP) grant from the U.S. Small Business Administration (SBA) for the sixth year. In total, the SBA is awarding $18 million to 44 states in this year’s round of STEP grants, which are designed to support and encourage small business export success….
