economic development
Clean energy industry brought $40B to NC since 2007
June 24. An economic impact study done by RTI International says the business of clean energy brought $40 billion to North Carolina over the last 14 years. Renewable energy project investment in 2020 totaled $1.6 billion—more than 60 times the $26.2 million invested in 2007, according to RTI, which is based in Research Triangle Park. […]
Knoll America will bring US HQ, 31 new jobs to Gaston County
June 16. Knoll America, a supplier of conveyor systems, filter systems and metal processing pumps, will bring its US headquarters to Gaston, along with more than two dozen jobs. The company, which will also collaborate with Gaston College to set up apprenticeship programs, will invest more than $7.8 million in the headquarters and manufacturing facility. […]
Gov. Cooper drafts ambitious wind power plan
June 9. By Dave Yochum. Hoping to provide power to 2.3 million homes by 2040, Gov. Roy Cooper this morning announced ambitious new targets for offshore wind energy development as part of a transition to a clean energy economy. “Offshore wind power will help North Carolina create jobs and generate economic development while helping us […]
Bass Pro Shops affiliate buying Hatteras Yachts
May 21. A venerable name in offshore boat builders is being acquired by White River Marine Group whose parent company is Bass Pro Shops. White River will invest $34 million to upgrade Hatteras Yacht’s New Bern facility and add 500 new jobs. WRMG plans to establish a state-of-the-art coastal manufacturing center. The announcement was made […]
Carolina Coops to create 147 new jobs in Granville County
May 5. Carolina Coops, a custom chicken coop manufacturer, will invest $2.1 million in a new production facility in Granville County, creating 147 new jobs over three years, and up to 500 by 2026. Founded in Durham in 2009, Carolina Coops is a family-owned producer of superior, walk-in chicken coops and related accessories. Carolina Coops […]
New window/door plant opening in Statesville
May 4. Charlotte-based window and door manufacturer JELD-WEN Holding will invest $7.9 million in a new production facility in Statesville. Its VPI Quality Windows brand will bring 235 new jobs to Iredell County. The average annual salary for the new VPI new positions is $51,648 with a potential payroll impact of more than $12.1 million […]
Apple announcement highlights NC business climate
April 27. By Dave Yochum. With Apple announcing a $1 billion investment in North Carolina that includes a new campus and engineering hub in the Research Triangle, it’s no wonder that three of the Top 10 US cities in which to start a business are located in North Carolina. WalletHub used 21 key metrics, ranging […]
Invitae will invest $114.6 in new plant
April 20. Invitae Corp. will build a major testing and laboratory facility in Wake County, creating 374 jobs and investing $114.6 million in Morrisville over the next decade. The San Francisco-based medical genetics company is expected to initially ramp up capacity to volume levels similar to Invitae’s flagship facility, with additional growth projected in future […]
Swedish manufacturer announces expansion
April 14. A Swedish manufacturer of plastic compounds is investing nearly $12 million in a new plant in Gastonia, creating 22 new jobs. New positions at Polykemi AB include operations, maintenance, finance and managerial personnel. The average annual salary is $59,132, compared to Gaston County’s average annual wage of $42,018. Polykemi provides custom plastic compounds […]
