economic development
Steel Warehouse Co. investing $30.5 million in Hickory
March 8. Steel Warehouse Co., a South Bend, Indiana-based steel company, will invest $30.5 million in a new facility in Hickory . It means 58 new jobs, with an average annual wage of $62,000, exceeding the Catawba County average of $54,151. Annual payroll: More than $3.5 million. Background The 77-year-old company operates 15 locations across […]
Siemens Energy investing $150 million in Meck County expansion
Feb. 14. Siemens Energy, one of the world’s leading energy technology companies, will invest $150 million to expand its current facility located off Westinghouse Boulevard in Charlotte. It means 475 new jobs with an average salary of $82,052 a year. “We are excited to have Siemens Energy choose Charlotte for its advanced manufacturing facility,” said […]
Dehn will bring 195 jobs to Lake Norman
Jan. 24. Dehn Inc., a family-owned electrical engineering company based in Neumarkt, Germany, will invest $38.6 million in a new headquarters in Mooresville. Dehn, which holds more than 1,100 patents, will create nearly 200 jobs between 2025 and 2029. The 114-year-old company will receive $1.17 million in state tax incentives over the next 12 […]
NC eco-devo win: 14,100 new jobs and billions in investment in 2023
Dec. 19. North Carolina landed 14,114 new jobs in 2023, representing 134 business recruitment, expansion and rural development projects worth $12.9 billion of capital investment into the state. Of note: Clean energy businesses are transforming the state’s economy. “North Carolina has seen historic economic growth and development in the last few years including our rural […]
Major expansion of manufacturer in Catawba County means 48 new jobs
Dec. 6. Millwork & Panel, a residential siding manufacturer, will invest more than $14 million over the next three years to expand its vinyl siding operations in Claremont creating 48 new jobs in Catawba County. Over the next five years, the total investment is expected to be more than $27 million. Background Millwork & Panel […]
R2R: New passenger rail line will be eco-devo boon for NC/Va
Dec. 6. The US Department of Transportation will award a $1 billion for the development of a new passenger rail line between Raleigh and Richmond, Va., according to Sen. Thom Tillis. Tillis called the project, known as R2R, “a big win for economic development in the region.” The Huntersville resident and former Cornelius Town Board […]
A better future, one clean energy job at a time.
Dec. 5. By Roy Cooper. [Opinion] An economic shift to clean energy is taking place across the world, demanded by communities and businesses and supplied by private markets. When I took office in 2017, we saw this shift coming and planned to make North Carolina a leader in clean energy so that our entire state […]
Toyota investing $8 billion and creating 3,000 new jobs in NC
Oct. 31. Toyota has announced plans to invest an additional $8 billion in its electric battery manufacturing site in Randolph County, including hiring another 3,000 employees. Toyota’s total investment in the Randolph County site is approaching $14 billion and more than 5,000 jobs. “North Carolina’s transition to a clean energy economy is bringing better paying […]
Arts in Mecklenburg: A $453 million industry
Oct. 17. The Arts & Science Council (ASC) says Charlotte-Mecklenburg’s nonprofit arts and culture industry generated $453.8 million in economic activity in 2022. According to data compiled by Americans for the Arts/Arts & Economic Prosperity 6, there was $217,865,355 in spending by nonprofit arts and culture organizations last year. Audiences spent $235,934,800 in event-related activities, […]
Chick-fil-A will open $58.3 million distribution center in Kannapolis
Sept. 19. Chick-fil-A Supply, the distribution service provider for Chick-fil-A restaurants, will establish distribution center in the Lakeshore Corporate Park in the Rowan County portion of Kannapolis. The $58.3 million plant will generate 112 new jobs over the next five years with 85 of those jobs occurring in the first two years. Lakeshore Corporate Park, […]
