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Economic Development

South Carolina Economic Activity Capped by $5.7 billion in Capital Investment, More than 18,000 Jobs Recruited

January 31, 2022

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

January 31, 2022

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

January 27, 2022

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…

Toyota to Build Battery Plant in North Carolina

December 8, 2021

Toyota Motor North America announced plans to build a $1.29 billion electric vehicle (EV) battery production facility at the 1,825-acre Greensboro-Randolph Megasite, a KPMG-certified, shovel-ready site featuring the ideal combination of strategic location, world-class workforce and unparalleled transportation infrastructure. North Carolina is home to the global headquarters of several top lithium companies including the world’s largest provider…

North Carolina Ranks a Top State for Business Climate

November 1, 2021

North Carolina ranks as the nation’s top state business climate in 2021, claiming the lead position for the second year in a row, according to Site Selection magazine. “We tied for the top ranking last year, so it’s great news to leap ahead and be recognized as the sole winner of this national recognition,” said…

Next Gen Site Selection App Introduced by Global Location Strategies

July 21, 2021

Leading site selection firm Global Location Strategies (GLS) has developed a cloud-based analytic platform for location benchmarking. Called Site Shepherd™, the digital app allows users to screen, score, and financially assess location data in an effort to deliver optimal location recommendations from anywhere in the world. Location benchmarking is the process of comparing location advantages and disadvantages to…

Nephron Pharmaceuticals Announces $100 Million Investment

July 17, 2021

Nephron Pharmaceuticals Corporation (Nephron) announced the opening of Nephron Nitrile, a plant that will produce American-made, medical-grade nitrile gloves. The more than $100 million investment that will create 250 new jobs follows Governor Henry McMaster’s Executive Order 2021-17, which established a new, statewide focus on the recruitment of pharmaceutical and medical supply manufacturers and directs state agencies to…

CNBC Ranks North Carolina No. 2 on “America’s Top States for Business” List

July 17, 2021

North Carolina has jumped one spot to No. 2 on CNBC’s “America’s Top States for Business,” its best performance in the annual ranking since it was introduced in 2007. The CNBC study, released today, puts all 50 states to the test, grading them on more than 85 different metrics in 10 key categories of competitiveness….

“All In North Carolina” Campaign launched to Recruit Businesses and Workforce to North Carolina

June 17, 2021

The Economic Development Partnership of North Carolina (EDPNC) launched a national advertising campaign focused on increasing awareness and choice of North Carolina as a place where diverse businesses and workforce talent can thrive. Titled “All In North Carolina,” the campaign’s central message stresses the vast opportunity and diversity of place, people, businesses and industries North…

Major Automotive Supplier Establishes Operations in Greenville County, SC; GADC 20-Year Celebration “Draws” Hundreds

June 16, 2021

GREENVILLE, S.C. – June 16, 2021 – If two decades seem to go by quickly, a single year passes in the blink of an eye.  Such is the case for Greenville County economic development as they celebrate both 20 years as the county’s official economic development team and the one-year anniversary of announcing Fox Hill…

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What We’re Reading

  • Krispy Kreme sinks after 2025 forecast withdrawn
    Source: Business North Carolina Published on May 8, 2025
  • North Carolina offered $300M to lure 4,000-job factory. It went to Ohio instead
    Source: Raleigh Business Journal Published on May 8, 2025
  • AIRSYS Cooling Technologies breaks ground on $40M global HQ in Woodruff
    Source: Upstate Business Journal Published on May 8, 2025
  • Fortune 500 company plans $380M manufacturing project in Charlotte region
    Source: Charlotte Business Journal Published on May 8, 2025
  • PPG returns to Shelby with $380 million investment, 110 jobs
    Source: Business North Carolina Published on May 8, 2025

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