Your source for construction industry news in the Carolinas
North Carolina is the top-ranked state for economic growth potential in Business Facilities magazine’s 15th Annual Rankings Report. North Carolina, Colorado and Virginia topped the chart in Business Facilities’ annual growth potential ranking. Jack Rogers, editor in chief, noted that all three states have established highly diversified growth strategies and staked a claim to leadership in high-tech hubs. “Our leaders…
U.S. Department of Transportation Secretary Elaine L. Chao today announced that theFederal Aviation Administration(FAA) will award $477 million in airport infrastructure grants, the third allotment of the total $3.18 billion inAirport Improvement Program(AIP) funding for airports across the United States. This significant investment in airport improvements in North Carolina will fund construction and rehabilitation projects…
For the fourth consecutive year, North Carolina ranks as the No. 2 state to do business, according to Site Selection magazine. North Carolina scored a total of 99 points across all categories in the 2018 Top State Business Climate Rankings, just two points behind top-ranked Georgia with 101 points. Rounding out the top five spots in…
BB&T Corporation (NYSE : BBT ) announced it will build an approximately 95,000-square-foot office facility on Pine Street in downtown Wilson, N.C. The new $35 million building will accommodate 650 BB&T associates who are currently working in the twin buildings at 223 West Nash St. or elsewhere in Wilson. BB&T expects to begin site work on…
The Economic Development Partnership of North Carolina (EDPNC) has invited local economic developers from every county in the state to an event examining five building blocks necessary for rural communities to capitalize on the state’s economic momentum. “Energizing Rural North Carolina: The Building Blocks of Successful Economic Development,” to be held July 12-13 at The…
North Carolina has received Area Development magazine’s 2018 Gold Shovel Award, recognizing the state’s top-tier success in winning high-impact economic development projects in 2017. North Carolina, which in 2017 had one of its best years for job recruitment in over a decade, is one of only five states to receive a 2018 Gold Shovel Award….
North Carolina remains among the top-five finishers in Site Selection magazine’s annual ranking of states attracting the most new and expanded corporate facilities. North Carolina had 274 qualifying projects announced in 2017, according to the magazine’s latest Governor’s Cup ranking. At No. 5, North Carolina trailed only Texas, Ohio, Illinois and Georgia. For the three…
North Carolina is getting a new interstate, Governor Roy Cooper announced Thursday. The Federal Highway Administration has approved Interstate 285 for the 23-mile stretch of U.S. 52 between I-40 in Winston-Salem and I-85 in Lexington. “This new interstate is great news for the Triad region and all of North Carolina,” Gov. Cooper said. “Interstates serve…
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…
Chinese tire manufacturing company Triangle Tyre (Triangle) has selected Edgecombe County, North Carolina as the location for its first manufacturing facility in the United States, Governor Roy Cooper announced today. Triangle will create 800 jobs and invest nearly $580 million in Kingsboro, NC. The project is estimated to contribute more than $2.4 billion to North…
