Spotlight on Economic Development Partnership of North Carolina: 2022 GroundBreaker
GroundBreak Carolinas recently announced the results of our 2022 GroundBreaker Awards, an annual awards program that recognizes individuals and organizations that have gone above and beyond to make a difference for the construction community in the Carolinas. Selected from a well-rounded group of nominees from North Carolina and South Carolina, the 2022 Class of GroundBreakers includes…
Woofspeed Selects North Carolina for its Semiconductor Manufacturing Plant
Wolfspeed, a global leader in silicon carbide semiconductor manufacturing, announced that it has chosen Siler City, North Carolina, as the location for its newest semiconductor manufacturing plant. The company plans to invest more than $5 billion in this project and will create 1,800 jobs, becoming the largest capital investment for an economic development project in…
Business Facilities Magazine Names North Carolina Best Business Climate in Nation
North Carolina has been named the Best Business Climate in the nation by Business Facilities magazine, with Virginia, Utah, Texas and Tennessee in second through fifth place. The magazine’s complete 2022 Annual Rankings Report was published on August 4, 2022. North Carolina is no stranger to Business Facilities’ rankings, which are in its 18th year….
Southern Economic Development Council (SEDC) Board of Directors Announces Matthew Tackett as New President
Atlanta, GA – Today, Frank McCrady, chairman of the SEDC Board of Directors and Chief Executive Officer of the East Montgomery County (Texas) Improvement District, is pleased to announce that Matthew Tackett will be the new President of SEDC. Beginning in June 2022, Tackett will lead one of the largest professional associations for economic developers…
Sportsman Boats Manufacturing Expands South Carolina Operations
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…
Automotive Manufacturer Vinfast Selects North Carolina
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…
EDPNC Releases 2021 Annual Report
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…
South Carolina Economic Activity Capped by $5.7 billion in Capital Investment, More than 18,000 Jobs Recruited
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…
Eli Lilly Selects Concord, North Carolina for $1 Billion Investment
Eli Lilly and Company, a global health care leader, announced plans to build a new manufacturing site in Concord, North Carolina. The company will invest $1 billion toward the development of a new facility that will create nearly 600 jobs and utilize the latest technology to manufacture parenteral (injectable) products and devices. “Lilly’s choice brings more good…
Boom Supersonic to Build Overtune Super Factory in North Carolina
Boom Supersonic, the company building the world’s fastest and most sustainable supersonic airliner, announced plans to build the Overture Superfactory that will serve as its primary manufacturing and production site in Greensboro, N.C. The new facility, which will be located at Piedmont Triad International Airport (PTI), builds upon the state’s storied legacy of aerospace innovation, starting with…
