NC Ranks Among Top Southeast States in Startup Funding Deals
North Carolina is a leader among Southeast U.S. states in terms of money being invested in startups, according to a new study by Atlanta-based BIP Capital. And the Research Triangle (Raleigh-Durham) area is among five regions where the level of startup funding is especially strong, “The State of Startups in the Southeast” report says. The…
What Makes North Carolina a Competitive Location for Defense and Military?
Low Cost of Doing Business: North Carolina is the best state with the lowest cost for doing drone business in the United States. It continues to attract bright and capable individuals, emerging innovative companies and new divisions of renowned defense corporations from all over the world. North Carolina also ranks #1 for lowest state and…
Collum’s Lumber Products expanding operations in Allendale County, SC
Collum’s Lumber Products, LLC, a producer of dimensional lumber and other wood products, today announced the expansion of its Allendale County manufacturing operations. Creating 10 new jobs, the company is investing $2 million to construct a new warehousing facility on the site of its existing state-of-the-art sawmill operation. “We are pleased to be able to…
North Carolina Offered Foxxconn $570 Million in Incentives
Hoping to win one of the largest economic development projects in recent years, North Carolina promised tax breaks and other incentives worth more than $570 million in an attempt to lure the Foxconn electronics plant that landed in Wisconsin. The North Carolina state documents were obtained by the Associated Press. The 20-million-square-foot plant will produce…
Volvo Cars Increasing Investment in South Carolina
Volvo Cars today announced that it is investing an additional $520 million in its Berkeley County, South Carolina operations and creating 1,910 new jobs. This new commitment adds to the company’s initial 2015 announcement and brings the collective total to more than $1 billion in investment and 3,900 jobs, respectively. “Today’s announcement not only underscores…
Advanced Manufacturer NN Inc. Moving Headquarters to Charlotte
NN Inc., an advanced manufacturer of high-precision metal and plastic components for the medical, aerospace and automotive industries, is moving its headquarters from Johnson City, Tennessee, to North Carolina, creating 200 jobs in Charlotte over the next five years. The global diversified industrial company will invest $10 million in its new headquarters. “Relocating our headquarters…
S.C. Department of Commerce Wins Grant to Support Export Assistance
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….
Volvo to Double Investment in South Carolina
According to multiple media reports, Volvo Cars is expected to double its investment at its plant in South Carolina. The new Volvo Charleston plant is still under construction, and the automaker is expected to announce that it will add a second production line. Sources familiar with the project expect Volvo’s investment in the Palmetto State…
Survey of Site Selectors Ranks North Carolina Among Nation’s Top 5 Best States for Business
North Carolina ranks among the nation’s top five states for having the best business climate, according to a report released this morning by Development Counsellors International (DCI). North Carolina came in at No. 5 in DCI’s survey of 331 corporate executives with site selection responsibilities. Texas ranked No. 1, followed by Florida, Georgia and South…
Council for Innovation Initiatives Created by SC Commerce
The South Carolina Department of Commerce announced the creation of the Council for Innovation Initiatives. Tasked with helping the state advance the South Carolina Innovation Plan, which was published in January 2017, the council will meet quarterly with its inaugural meeting scheduled for Tuesday, August 29. Comprised of 14 members, the council will be managed…
