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Economic Development

Automotive Manufacturer Vinfast Selects North Carolina

March 30, 2022

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

March 21, 2022

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

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….

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What We’re Reading

  • Golden Strip/Southern Upstate notes: Autokiniton expands Fountain Inn manufacturing plant
    Source: Upstate Business Journal Published on May 29, 2025
  • Greenville receives three proposals for downtown conference center
    Source: Greenville Journal Published on May 29, 2025
  • Mount Airy manufacturer seeks Surry County incentives for $12M expansion
    Source: Business North Carolina Published on May 28, 2025
  • Grace Church plans youth ministries center in downtown Greenville
    Source: Upstate Business Journal Published on May 28, 2025
  • Spartanburg/East Upstate notes: Designs complete for Spartanburg city/county complex
    Source: Upstate Business Journal Published on May 28, 2025

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  • Western NC Construction Career Day Draws 600 High Schoolers: Inspiration for a Resilient Region
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