economic development
Concord lands $900 million Eli Lilly plant
Jan. 28. Eli Lilly will invest more than $900 million and create nearly 600 jobs at a new plant at The Grounds at Concord, the site of the former Philip Morris plant. It is one of the largest economic development announcements in the history of Cabarrus County. Lilly’s facility, in the same sprawling complex as […]
Prime development site grows with another acquisition in downtown Cornelius
Dec. 14. By Dave Yochum. Another piece of the downtown Cornelius redevelopment puzzle appears to have fallen into place. Corner Oak LLC has purchased 21314 Catawba Ave. for $812,500. The seller is John Ralph Harlan who lived for many years with his family on the second floor. In 2016, after renovations, the property was assessed […]
Toyota to build $1.3B battery plant in NC
Dec. 7. Toyota’s new North American battery manufacturing plant will create at least 1,750 jobs and contribute more than $9.5 billion to the North Carolina economy over the next 20 years. “The future of mobility is electrification and the Greensboro-Randolph Megasite is the ideal location to make that future a reality,” said Ted Ogawa, CEO […]
Arrival will add new plant, 150 jobs in Charlotte
Dec. 6. Arrival, a British-based global electric vehicle company, will establish a high voltage battery module assembly plant in Charlotte, adding 150 new jobs and investing $11.5 million in its new facility off Yorkmont Road. The British company manufactures electric buses and vans, employing more than 1,200 people around the world. Since 2020, Arrival has […]
NC manufacturing worth more than $100 billion to state’s economy
Sept. 28. With more than 10,250 manufacturers, North Carolina is the fifth largest manufacturing economy in the United States, and the largest in the Southeast. “From life-saving treatments and medical supplies to personal jets and agricultural equipment, North Carolina-made products are making tremendous impacts on the world,” said Gov. Roy Cooper. He has declared […]
Davidson has $15K available for small businesses via Main Street grants
Sept. 1. The Town of Davidson is offering Main Street Business Grants for the eighth year with a total of $15,000 available to small businesses. The goal is to provide direct financial benefit to small businesses, retain and create jobs in association with small businesses, and to spur private investment in association with small businesses. […]
On the upswing: Golf worth $4.2 billion to NC
Aug. 31. By Dave Yochum. Gov. Roy Cooper has declared Tuesday, Aug. 31 “North Carolina Golf Day” in honor of golf’s role in the economy, health, environmental stewardship and tourism of North Carolina. The 2022 Presidents Cup and the 2025 PGA Championship to be held at the Quail Hollow Club. On the upswing Del Ratcliffe, […]
NC film production valued in excess of $400 million this year
Aug. 19. Movie production in North Carolina is on track to exceed a boffo $400 million in 2021, the largest tally since the creation of the North Carolina Film and Entertainment Grant in 2014. All told, the film industry has brought more than 25,000 job opportunities to the state. North Carolina provides a “beautiful stage […]
Nature’s Value moving HQ, manufacturing to Winston-Salem
Aug. 11. Nature’s Value Inc., a contract vitamin and dietary supplements manufacturer, will move its headquarters to the Winson-Salem area and build a manufacturing plant. The total investment is nearly $20 million. Fifty-two jobs will be moved to the new location from an existing plant in Lexington. The company, which was based in Coram, NY, […]
