Duke Energy Foundation Invests $200,000 in EDPNC
The Duke Energy Foundation has invested $200,000 to support the work of the Economic Development Partnership of North Carolina in 2020, a year when both organizations are prioritizing helping the state recover from COVID-19. “Duke Energy’s investment in our work couldn’t be more timely, more needed, or more appreciated,” said Christopher Chung, chief executive officer…
Metals Company To Expand in Shelby, NC
Ames Copper Group, a joint venture of Prime Materials Recovery, Inc. (PMR) and the Cunext Group, will create 46 jobs in Cleveland County, North Carolina Governor Roy Cooper announced today. The company will invest at least $26.3 million with the expansion of its copper manufacturing facility located in Shelby. “This is good news for Cleveland…
Eli Lilly and Company Select North Carolina for Pharmaceutical Plant
Eli Lilly and Company, a global healthcare and biopharmaceutical company, will invest over $470 million and create more than 460 new jobs in Durham. The project will bring a new state-of-the-art pharmaceutical manufacturing facility to North Carolina’s Research Triangle Park. “Life science companies like Lilly continue to choose North Carolina,” said Governor Cooper. “Our exceptional…
Industrial Hemp Producer to Locate in North Carolina
Carolina Botanicals, a company formed to process industrial hemp, will create 30 jobs as it establishes operations in Columbus County. The company will invest $3.46 million in its new facility, located in Tabor City. “Today’s announcement is the latest example of the growing market for hemp-related products,” said Secretary Copeland. “And we know companies like…
Spartan Motor Locates in Charleston, SC
Spartan Motors, Inc., a leader in fleet, work truck and specialty service vehicle manufacturing, is establishing operations in Charleston County. The $1.15 million investment is expected to create 308 new jobs. “Spartan Motors is pleased to add North Charleston to our growing global manufacturing footprint,” Spartan Motors, Inc. President and Chief Executive Officer Daryl Adams. We…
Energizing Rural NC to Tackle Workforce Pipeline
Local economic developers and civic leaders from counties across North Carolina will gather Oct. 8-9 in Sanford to discuss strategies to retain, attract and develop workforce in the state’s rural communities. “Companies considering North Carolina consistently say talent is their No. 1 concern when deciding where to locate or grow, or sometimes even remain,” said…
Colonial Precast to Establish SC Operations
Colonial Precast Concrete of Carolina, LLC, a leading manufacturer of prestressed and precast concrete products, announced plans to establish manufacturing operations in Colleton County, SC. The more than $2.5 million investment is expected to create approximately 55 new jobs. “We look forward to establishing operations in the great state of South Carolina, working with the local…
Consultants Recognize States’ Competitiveness in Area Development Magazine’s 10th Annual “Top States for Doing Business” Survey
South Carolina ranks #3 and North Carolina ranks #5 Area Development, the leading site selection and facility planning publication, announces the results of its 2019 Top States for Doing Business survey of leading location consultants. According to the results, the Top States for Doing Business are Georgia, Tennessee, South Carolina, Alabama, North Carolina, Texas, Mississippi,…
Carvana to Invest More than $30 Million in Concord, NC
Carvana, a leading e-commerce platform for buying and selling used cars, will locate a new inspection and reconditioning facility in Cabarrus County, creating more than 400 jobs. The company will invest more than $30 million in Concord over the coming years. “The online marketplace only works for buyers and sellers when hardworking people are moving…
Business Facilities Ranks North Carolina #1 for Economic Growth Potential
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…
