Commerce Expansion | Eastern North Carolina Now

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Commerce Expansion  

Business and industrial expansion is ongoing in the wake of the Great Recession here in the Old North State. Which path forward will win out?

1) One is providing a free market environment that will promote a state economy with a 'level playing field' for all participants that would be innovative, work hard and play by the rules; 2) Corporate welfare that everyone pays for, while the statists pick winners and losers.

RALEIGH: Today, the Appalachian Regional Commission (ARC) awarded a $10 million grant to The Industrial Commons, an industry focused nonprofit in western North Carolina.
RALEIGH: Today, the Appalachian Regional Commission (ARC) awarded a $10 million grant to The Industrial Commons, an industry focused nonprofit in western North Carolina.
 
RALEIGH: Provalus, an IT services company, will create 92 jobs in Columbus County, Governor Roy Cooper announced today. The company will invest $500,000 to establish operations in the City of Whiteville.
RALEIGH: Provalus, an IT services company, will create 92 jobs in Columbus County, Governor Roy Cooper announced today. The company will invest $500,000 to establish operations in the City of Whiteville.
 
VinFast is scheduled to break ground on its $4 billion EV production plant in Moncure, Chatham County next week.
VinFast is scheduled to break ground on its $4 billion EV production plant in Moncure, Chatham County next week.
 
RALEIGH: Chick-fil-A Supply, a wholly owned subsidiary of Chick-fil-A, Inc., and distribution service provider of the chain’s restaurants, will create more than 85 jobs in Rowan County, Governor Roy Cooper announced today.
RALEIGH: Chick-fil-A Supply, a wholly owned subsidiary of Chick-fil-A, Inc., and distribution service provider of the chain’s restaurants, will create more than 85 jobs in Rowan County, Governor Roy Cooper announced today.
 
On Tuesday, for the second year in a row, North Carolina earned the top spot in CNBC’s annual “America’s Top States for Business” rankings out of all 50 states.
On Tuesday, for the second year in a row, North Carolina earned the top spot in CNBC’s annual “America’s Top States for Business” rankings out of all 50 states.
 
RALEIGH: Deere & Company [NYSE: DE] and Kreisel Electric GMBH, an Austrian company, which John Deere acquired majority ownership of in 2022, will create 50 jobs in Forsyth County, Governor Roy Cooper announced today.
RALEIGH: Deere & Company [NYSE: DE] and Kreisel Electric GMBH, an Austrian company, which John Deere acquired majority ownership of in 2022, will create 50 jobs in Forsyth County, Governor Roy Cooper announced today.
 
RALEIGH: CommScope [NASDAQ: COMM], a global telecommunications leader, plans to add 250 new jobs with a $60.3 million investment to expand its fiber-optic cable manufacturing operations in Catawba County, Governor Roy Cooper announced today.
RALEIGH: CommScope [NASDAQ: COMM], a global telecommunications leader, plans to add 250 new jobs with a $60.3 million investment to expand its fiber-optic cable manufacturing operations in Catawba County, Governor Roy Cooper announced today.
 
With such a business-friendly climate, why would NCInnovation even be necessary?
 
RALEIGH: CNBC has named North Carolina as America’s Top State for Business in 2023 for the second year in a row. This morning, Governor Roy Cooper joined CNBC’s Scott Cohn at the Biltmore Estate in Asheville for a live broadcast where the winner was revealed.
RALEIGH: CNBC has named North Carolina as America’s Top State for Business in 2023 for the second year in a row. This morning, Governor Roy Cooper joined CNBC’s Scott Cohn at the Biltmore Estate in Asheville for a live broadcast where the winner was revealed.
 
The North Carolina Department of Commerce announced Tuesday the launch of two new initiatives and web pages that will help companies in the state potentially receive federal designation as Regional Technology and Innovation Hubs (Tech Hubs)
The North Carolina Department of Commerce announced Tuesday the launch of two new initiatives and web pages that will help companies in the state potentially receive federal designation as Regional Technology and Innovation Hubs (Tech Hubs)
 
TTX will invest $14.5 million and create 150 jobs in Mecklenburg County
 
ProKidney plans to invest up to $485 million and create as many as 330 jobs in Greensboro
 
Company will locate a vehicle reconditioning facility in Oxford
 
RALEIGH: Bosch will add 400 new jobs in Lincoln County for its power tools business, Governor Roy Cooper announced today. The company says it will invest $130 million to expand its power tools accessory manufacturing site in the City of Lincolnton.
RALEIGH: Bosch will add 400 new jobs in Lincoln County for its power tools business, Governor Roy Cooper announced today. The company says it will invest $130 million to expand its power tools accessory manufacturing site in the City of Lincolnton.
 
The N.C. Department of Commerce, Division of Workforce Solutions (DWS), didn’t design and implement procedures to ensure that federal funds tied to workforce programs were spent in accordance with program requirements and federal and state law.
The N.C. Department of Commerce, Division of Workforce Solutions (DWS), didn’t design and implement procedures to ensure that federal funds tied to workforce programs were spent in accordance with program requirements and federal and state law.
 
Phase Change Solutions adds 35 new jobs in Guilford County
 
RALEIGH: Energizer Holdings, Inc., best known for its icon Energizer batteries and Bunny, will add 144 new jobs in Randolph County, Governor Roy Cooper announced today.
RALEIGH: Energizer Holdings, Inc., best known for its icon Energizer batteries and Bunny, will add 144 new jobs in Randolph County, Governor Roy Cooper announced today.
 
RALEIGH: Select Genetics, a turkey breeder, will create 26 jobs in Wayne County, Governor Roy Cooper announced today. The company will invest $58 million to build a new turkey egg hatchery and establish turkey farms in Goldsboro.
RALEIGH: Select Genetics, a turkey breeder, will create 26 jobs in Wayne County, Governor Roy Cooper announced today. The company will invest $58 million to build a new turkey egg hatchery and establish turkey farms in Goldsboro.
 
RALEIGH: Vecoplan, LLC, a manufacturer of industrial shredding equipment, will create 33 jobs in Guilford County, Governor Roy Cooper announced today. The company will invest $6.75 million to locate a new manufacturing facility in High Point.
RALEIGH: Vecoplan, LLC, a manufacturer of industrial shredding equipment, will create 33 jobs in Guilford County, Governor Roy Cooper announced today. The company will invest $6.75 million to locate a new manufacturing facility in High Point.
 
Marshall Aerospace says it will invest $50 million at the Piedmont Triad International Airport
 
TAT Piedmont Aviation to invest $12.8 million near Piedmont Triad International Airport
 
Pilkington North America will invest more than $86 million in Laurinburg
 
RALEIGH: Severn Peanut Company, a peanut sheller, will create 44 jobs in Bladen County, Governor Roy Cooper announced today. The company will invest $17 million to upgrade and renovate its facility in Elizabethtown for peanut butter production.
RALEIGH: Severn Peanut Company, a peanut sheller, will create 44 jobs in Bladen County, Governor Roy Cooper announced today. The company will invest $17 million to upgrade and renovate its facility in Elizabethtown for peanut butter production.
 
RALEIGH: Tex-Tech Industries, a leading manufacturer of specialty textiles, will create 49 new jobs in Forsyth County, Governor Roy Cooper announced today. The company will invest more than $24.8 million to build a new manufacturing center in Winston-Salem.
RALEIGH: Tex-Tech Industries, a leading manufacturer of specialty textiles, will create 49 new jobs in Forsyth County, Governor Roy Cooper announced today. The company will invest more than $24.8 million to build a new manufacturing center in Winston-Salem.
 
“It is important to recognize that some of this growth in business formation is due to necessity entrepreneurship as more workers were displaced during the pandemic,” said Greg Brown
“It is important to recognize that some of this growth in business formation is due to necessity entrepreneurship as more workers were displaced during the pandemic,” said Greg Brown
 
North Carolina has been named the 2022 State of the Year by Business Facilities magazine. The state previously won the honor in 2020.
North Carolina has been named the 2022 State of the Year by Business Facilities magazine. The state previously won the honor in 2020.
 
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