Your source for construction industry news in the Carolinas
JetZero today broke ground on its first manufacturing and final assembly campus, an 8 million square foot factory on more than 600 acres in Greensboro, North Carolina. The project, supported by the largest ever State-level incentive package for any startup of any industry, will be home to production of JetZero’s next-generation aircraft and will create…
AbbVie (NYSE: ABBV) today announced a $1.4 billion investment to build a 185-acre pharmaceutical manufacturing campus in Durham, North Carolina. The state-of-the-art campus will integrate advanced manufacturing and laboratory technologies with artificial intelligence (AI) to support the production of AbbVie’s immunology, neuroscience and oncology medicines. This is AbbVie’s first major investment in North Carolina. The AbbVie…
North Carolina has been named 2022 State of the Year by Business Facilities for the state’s successful year in project announcements, capital investment and job creation. This is the second time North Carolina has been awarded this accolade since 2007 when the magazine’s highest state honor began. The state previously won in 2020. “A succinct…
Apple has selected North Carolina’s Research Triangle region as the location for its newest research and development campus and will create 3,000 jobs in Wake County, Governor Roy Cooper announced today. Apple plans to invest more than $1 billion in the state by 2032. Earlier today, Governor Cooper, Senator President Pro Tempore Phil Berger, Senator…
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….
