Skip to main content
rss feedemail usour twitterour facebook page pintrestlinkdin
Economic Development News
Conference & Expo List
Target Industry Directory
Advertise With Us
About Us

 Economic Development News 
Monday, March 02 2020

Greensboro, NC -- Governor Roy Cooper, North Carolina House Speaker Tim Moore, Greensboro Mayor Nancy Vaughan and Publix Super Markets CEO Todd Jones participated in a groundbreaking ceremony on Publix’s new refrigerated distribution center in Greensboro, North Carolina. The distribution center will be over 940,000 square feet and create up to 1,000 jobs across the region by 2025.

In addition to spurring economic growth across the state, phase one of the project will support more efficient delivery of refrigerated products to Publix locations in the Carolinas and Virginia, and is expected to be completed by the end of 2022.

“The Greensboro Distribution Center will play a key role in supporting our growth in the region,” Jones said. “The hundreds of new associates who join the Publix family will help us provide the premier service our customers have come to expect.”

Posted by: AT 01:25 pm   |  Permalink   |  Email
Wednesday, January 08 2020

Guilford County, NC -- The Fresh Market, a fresh-focused specialty food retailer that was founded in Greensboro in 1982, will expand their headquarters operations in North Carolina, creating 53 new jobs, Governor Roy Cooper announced. The company plans to invest $5.4 million in Greensboro.

“We’re proud that The Fresh Market has chosen to expand its operations at home in Greensboro, where the company began as a single store and continues to grow,” said Governor Cooper. “In this week of Thanksgiving, I’m grateful to all the hardworking North Carolinians who make up our workforce and help us attract great paying jobs like these.”

The Fresh Market has been providing a fresh take on grocery shopping for more than 35 years. What started as a dream to bring back the old-world charm of the local market through the original store in Greensboro, has grown to include 159 locations in 22 states. The company is still committed to providing an unparalleled shopping experience with the ambience of a friendly, local market. The company is consolidating its corporate headquarters operations from two separate buildings and expanding into one new, modern location in downtown Greensboro.

Posted by: AT 04:24 pm   |  Permalink   |  Email
Thursday, June 20 2019

Company Will Bring 237 New Jobs to Morganton

Burke County, NC -- North Carolina Governor Roy Cooper announced that SynergyLabs, a manufacturer of specialty pet products, will locate an operation in Hildebran creating 237 jobs and investing $11.2M over the next five years. SynergyLabs will locate in the former PEDS building at 9451 Neuville Avenue.
"Burke County welcomes SynergyLabs as the newest member of our economic community" said Johnnie Carswell, Chairman of the Burke County Commissioners.  "SynergyLabs is a prime example of a company that will help Burke County to continue its "All About Advancing" theme.

Posted by: AT 09:40 am   |  Permalink   |  Email
Tuesday, June 04 2019

Shelby, NC -- Greenheck Group, an international manufacturer of commercial and industrial ventilation equipment, has selected Cleveland County for a major expansion of its presence in North Carolina. Greenheck will create more than 400 jobs and invest $58.8 million in Shelby.

“Leading manufacturers with firsthand experience of what it’s like to do business in North Carolina time and again choose to expand in our state,” state Gov. Roy Cooper said. “Industrial companies know our state has a healthy market, a skilled workforce and communities ready to grow with them.”

Greenheck Group will expand within the Foothills Commerce Center. The company is creating a campus in Shelby and will offer state-of-the-art amenities for all employees.

Posted by: AT 09:50 am   |  Permalink   |  Email
Monday, May 13 2019

Wadersboro, NC -- Loba-Wakol, a supplier to the wood and resilient flooring industry, will expand its operations in North Carolina, establishing a new distribution and warehouse facility in Anson County and creating 24 jobs. The company plans to invest $6.6 million in Wadesboro.

The average annual wage of the new jobs announced today will be $43,750. The average wage in Anson County is currently $33,358.

“North Carolina offers an ideal location, skilled workforce, and strong transportation networks for international companies looking to expand their North American operations,” said Gov. Roy Cooper. “We’re proud to welcome this company and these new jobs to our state.”

Posted by: AT 11:15 am   |  Permalink   |  Email
Tuesday, April 30 2019

Leading online pet supply retailer announces 1,200 jobs and $55 million investment near Salisbury 

"We're excited to expand Chewy's fulfillment operations to North Carolina, our first in the state and ninth in the country," said Pete Krilles, vice president, corporate real estate and facilities for Chewy, Inc. "We greatly appreciate the partnership with Rowan County, the Rowan EDC, North Carolina Department of Commerce, and the Economic Development Partnership of North Carolina. We look forward to making a positive economic contribution to the region with the creation of 1,200 new jobs. In addition to job creation, our new fulfillment center will enhance our delivery network across the southeastern United States, allowing us to better service Chewy customers with even faster delivery times."

NorthPoint Development has built multiple fulfillment centers for Chewy and is pleased to continue their relationship with the company in Rowan County. “In a very competitive multi-state development, Rowan County and the state of North Carolina came out on top. In the end, the outcome is simply that a great company,, is investing in a great community, Rowan County. We appreciate the state and the county’s efforts to reach this outcome, and we feel fortunate to be a part of this great project,” said Ian McDonald, vice president of development for NorthPoint Development. 

Posted by: AT 10:06 am   |  Permalink   |  Email
Thursday, February 21 2019

High Point, NC — North Carolina Governor Roy Cooper announced that Aetna, a CVS Health business, is expanding its operations in High Point. The business added 80 new full-time equivalent jobs in 2018 and is projected to hire approximately 300 new employees by the end of 2020. He made the announcement at a ceremony in the High Point Municipal Building.

CVS Health, including the Aetna business, has approximately 9,000 employees in North Carolina, with 1,230 of those employees in High Point at 4050 Piedmont Parkway.

Aetna currently leases more than 126,000 square feet in High Point and will be adding an additional 16,000+ square feet to its current facilities. The new space will house clinical care management and customer service positions, including roles for bswift, Aetna’s benefits administration technology and services business, and Aetna One Advocate, an integrated clinical and service model. The company will be investing approximately $2.5 million in building upfit and equipment as it creates these jobs.

Posted by: AT 02:24 pm   |  Permalink   |  Email
Friday, December 21 2018

Hickory, NC -- A German group of specialized radiopharmaceutical companies has selected Hickory, North Carolina, for the first North American manufacturing plant of its subsidiary Isotopes Technologies Garching, creating 137 new well-paying jobs.

The parent company Isotopen Technologien München AG (ITM), based in Garching near Munich, will invest $12 million in Catawba County. ITM develops, produces and supplies innovative diagnostic and therapeutic radionuclides and radiopharmaceuticals. Some of ITM’s products are part of a new generation of targeted cancer diagnostics and therapies.

“Establishing our first North American facility is a remarkable milestone for our company and we are very excited,” said Steffen Schuster, CEO of ITM. “This enables us to achieve further growth and to be closer to our U.S. customers providing advanced targeted radiotherapeutics, which are likely to create enormous opportunities in cancer treatment.”

Posted by: AT 12:28 pm   |  Permalink   |  Email
Thursday, September 13 2018

Asheville, NC — Reich LLC announced plans to invest $10.9 million in its Arden operations. The investments in new technology, machinery, and equipment will require the addition of 15 new positions to its current workforce of 148. The new positions will pay, on average, nearly 40% above the Buncombe County average wage.

Reich LLC is a subsidiary of Reich USA GmbH which, together with Reich GmbH, is a leading manufacturer of turned parts, ball bearings, components for fuel injection systems and other automotive parts as well as equipment for the food industry. Reich LLC is known for the outstanding level of quality of its parts and components. The vertical range of manufacturing, i.e., the different processes, further reflects the high level of quality.

Posted by: AT 10:32 am   |  Permalink   |  Email
Monday, August 27 2018

WillowTree, Inc. to invest $12.3 million, expand headquarters

Charlottesville, VA — Governor Ralph Northam announced that WillowTree, Inc., a mobile applications developer, will invest $12.3 million to relocate and expand its headquarters in Albemarle County. The company will renovate and lease 50,000 square feet in the former Woolen Mills factory. Virginia successfully competed against North Carolina for the project, which will create 200 new jobs.

“As a homegrown Virginia company, WillowTree’s rapid growth is a strong testament to what technology companies can achieve in the Commonwealth,” said Governor Northam. “Aided by Virginia’s outstanding higher education system and strong tech workforce, this impressive startup has come a long way since its founding in 2008 with three people. We are thrilled WillowTree will remain an integral part of the community, and are confident this innovative company will continue to thrive in its new Albemarle County headquarters.”

Posted by: AT 01:24 pm   |  Permalink   |  Email
Monday, August 13 2018
Amazon Chooses Garner for New Facility

2.6-Million-Square-Foot Distribution Center to be Located at Former ConAgra Site

Garner, NC — Town of Garner officials are hailing Amazon’s selection of the Garner Technology Center as the location for a new 2.6-million-square-foot, state-of-the-art distribution center.

The Seattle-based e-commerce company will invest approximately $200 million in the site on Jones Sausage Road, formerly the location of the ConAgra plant where a deadly explosion occurred in June 2009. The investment will create an estimated 1,500 jobs, making the distribution center Garner’s largest employer. Amazon hopes to open the center by fall 2019.

The e-retailer’s investment in Garner will be approximately four times the amount of peak investment by ConAgra at the site, while the number of employees at the facility will be several hundred more than peak employment at the ConAgra plant.

Posted by: AT 11:39 am   |  Permalink   |  Email
Tuesday, July 31 2018

Wilmington, NC — North Carolina Ports moved a record number of containers through the Port of Wilmington during the 2018 fiscal year, which ended June 30. Wilmington recorded 38 percent year-over-year container growth and year-over-year general cargo growth is up 18 percent.

“This is an exciting time for North Carolina Ports. In the last few months of FY18 the Port of Wilmington handled a record number of containers, specifically during the month of March Wilmington recorded its highest month of container volume in the Authority’s history,” said NC Ports Executive Director Paul J. Cozza. “With NC Ports’ model of best in class gate truck turntimes coupled with our high crane productivity rates; it’s evident by these numbers that carriers, BCOs and truckers are taking notice.”

Posted by: AT 09:38 am   |  Permalink   |  Email
Tuesday, May 08 2018

Amada North America, Inc. will invest $87 million in High Point

Raleigh, NC — Amada North America, Inc., a manufacturer of precision sheet metal fabricating equipment, will develop a new product line in Guilford County creating 201 new jobs over the next five years, Governor Roy Cooper announced. Amada will invest $87 million in a facility in High Point that will manufacture and assemble a line of high-precision press break bending equipment for the U.S. market.

“Manufacturers choose North Carolina because of our existing skilled workforce and our commitment to training the workforce they’ll need in the future,” said Governor Cooper. “I join Guilford County and High Point communities in welcoming Amada’s new facility and the opportunities it will bring.”

Posted by: AT 11:23 am   |  Permalink   |  Email
Monday, January 22 2018

Manufacturer of Firearm Products to Locate in Rutherford College

Burke County, NC — ZRODELTA will open a company headquarters in Rutherford College creating 151 jobs and investing $34M over the next five years. Ammunition and firearms will be manufactured and distributed from the 120,000 sq. ft. facility.

"This is wonderful news for Burke County," said Jeff Brittain, Chair of the Burke County Commissioners. "We have had several big announcements lately and it is nice to know that the secret is out about Burke County."

ZRODELTA is best known for its true return-to-zero DLOC optical mounts, bipod and tripod shooting interfaces, and OEM supply chain services. It will co-locate in the building along with Modern Munitions Group, which manufactures specialized, work-class ammunition, and Critical Resources, which is the contractual and distribution arm of Modern Munitions and ZRODELTA.

Posted by: AT 08:46 am   |  Permalink   |  Email
Wednesday, April 26 2017

Wilson, NC -- In January, Bridgestone America Tire Operations announced it’s investing an additional $180 million in its Wilson manufacturing facility, bringing its total investment in the facility to $344 million over the next decade. The 50,000-square-foot expansion will allow the company to meet the global demand for higher rim diameter tires and will house a new rubber mixer. The investment is expected to increase daily plant capacity by 3,000 tires, bringing daily production to 35,000 tires per day when production begins in 2018.

Thanks to the state’s rich plastics and chemicals sector— which includes companies like DAK Americas, Dow and Technimark —innovations in North Carolina’s tire industry extend beyond manufacturing, as industry giants like Yokohama look to North Carolina for their R&D operations. Last year, the company announced it will open tire R&D operations in Concord, investing $2.7 million over three years with a focus on tire design, thereby accelerating the company’s ability to deliver new tire products to manufacturers and consumers nationwide.

Posted by: AT 03:29 pm   |  Permalink   |  Email
Wednesday, March 01 2017

$96 Million Total Highwoods Investment at Ovation in Franklin

Raleigh, NC — Mars Petcare, one of the world’s leading pet care providers, has selected Highwoods to develop its U.S. headquarters at Ovation in the Cool Springs district of Franklin, TN, one of Nashville’s BBDs (Best Business Districts).

Highwoods will develop 224,000 square feet in two connected LEED-Gold certified office buildings. The projected cost of this 100% pre-leased development project with structured parking is $96 million, including the value of Highwoods-owned land.  Construction is scheduled to begin in the third quarter of 2017 with a second quarter 2019 targeted completion date.

Ovation, encompassing 145 overall acres, will be a high-density, mixed-use development with 56 acres of perpetually-dedicated preserved green space. Highwoods is the owner and developer of the office portion of Ovation, which is planned for up to 1.4 million square feet. 

Posted by: AT 11:14 am   |  Permalink   |  Email
Thursday, December 22 2016

Maiden, NC — GKN Driveline announced it intends to expand its Catawba County manufacturing facility again. The company plans to create at least 143 new jobs by the end of 2019 and invest more than $110 million in this location. This is the second major expansion of the Maiden facility in two years.  In 2014, GKN Driveline expanded this facility by committing to invest $122 million and creating 228 new jobs. 

GKN Driveline’s expansion in Maiden is facilitated in part by an award to the company from North Carolina’s Job Development Investment Grant (JDIG) program that was approved by the state’s Economic Investment Committee and announced today. Local incentives will be considered by both the Town of Maiden and Catawba County at their regularly scheduled meetings in January.

Posted by: AT 11:39 am   |  Permalink   |  Email
Thursday, December 22 2016

Claremont, NC — Prysmian Group, a global cable producer serving the energy and telecom industries, is expanding its manufacturing facility in Claremont, North Carolina.  The company’s $20 million investment is expected to create 50 new jobs over the next three years, with an average wage of approximately $47,000.  These new jobs will be a mix of hourly production workers, hourly technicians and salaried managers/engineers.

Prysmian’s expansion in Catawba County is facilitated in part by a $500,000 grant to the City of Claremont from the Building Reuse Program, under the Rural Development Division of the North Carolina Department of Commerce.  This grant will aid Prysmian in undertaking a significant renovation at their existing facility.  Local incentives will be based on job creation and an investment performance standard and will be considered in a public session by local governing boards.

Posted by: AT 11:34 am   |  Permalink   |  Email
Thursday, October 20 2016

Asheville, NC -- AvL Technologies’ has completed construction of a new 60,000 square-foot multi-tenant manufacturing facility adjacent to its existing headquarters that is now open for business. The ribbon cutting featured local dignitaries speaking on AvL’s growth and contribution to local economic development.

“AvL Technologies continues to be a catalyst for economic development and has a passion to cultivate leading edge, high wage technology careers. Today we are celebrating their visionary leadership, talented employees and the fact they call Buncombe County home,” said Ben Teague, Executive Director, Economic Development Coalition Asheville-Buncombe County (EDC).

Posted by: AT 01:13 pm   |  Permalink   |  Email
Thursday, September 22 2016

Asheville, NC -- Avadim Technologies Inc. is planning an expansion that will create 551 new jobs and $25,400,000 in capital investment in Buncombe County over the next five years.

The company will also build a new corporate headquarters in Black Mountain Commerce Park, the company announced Wednesday, in conjunction with the Buncombe County Commission and the Economic Development Coalition for Asheville-Buncombe County.

Addressing gaps in global health such as infection, neuromuscular disorders, and wound care, Avadim is a Buncombe County-based life sciences company that launched in 2007.

Posted by: AT 09:48 am   |  Permalink   |  Email
Wednesday, May 18 2016

Attorneys with Parker Poe Adams & Bernstein and advisors with Parker Poe Consulting facilitated KSM Castings USA Inc. with finalizing plans for an $80 million expansion of the company’s casting facility in Shelby, NC.  The German company will add as a first step a 50,000 square-foot building and 80 jobs to the $55 million, 120,000 square-foot plant it built in 2014 that currently employs about 130 people.

“This expansion solidifies our commitment to the region as a supplier of aluminum-cast auto parts for all major automakers,” said Franz Friedrich Butz, CEO of KSM Castings Group, the parent company of KSM Castings USA Inc., which is owned by CITIC Dicastal Co. Ltd. Of China.

Posted by: AT 12:19 pm   |  Permalink   |  Email
Thursday, May 05 2016

Siler City, NC -- Mountaire Farms is pleased to announce it has entered into an agreement to acquire the former Townsend processing plant and an adjoining property in Siler City, NC on May 5, 2016. Work will begin immediately to renovate and update this facility into a modern state-of-the-art food plant. This expansion will add over 500 jobs and will provide a significant contribution to the local economy. In addition to the permanent full time positions, the renovation process will provide employment opportunities for a multitude of skilled contractors and fabricators.

According to Paul Downes, President and CEO, "Mountaire Farms has a long tradition of producing high quality poultry products for our domestic and international customers. The increasing demand for our products requires us to expand our production and we believe North Carolina is the perfect place for that growth. Mountaire has a deep rooted commitment to quality, service, and value and we look forward to growing our business in North Carolina and strengthening the ties we have with the local communities."

Posted by: AT 09:51 am   |  Permalink   |  Email
Wednesday, April 20 2016

Pittsboro, NC -- At its April 18, 2016 meeting, the Chatham County Board of Commissioners approved an option for purchase of the Chatham-Siler City Advanced Manufacturing (CAM) site west of Siler City. The county would only be obligated to purchase the land if and when a company chooses the CAM site.

“Putting the property under public control is a major enhancement in marketing the site and will ensure that the NC Department of Commerce will give priority to promoting the CAM site to potential industries,” said County Commissioner Chairman James Crawford. “In a very competitive market, we need every advantage we can leverage. This is a huge step.”

Crawford added, “This is our chance to stand up and say that we want jobs in this county. Our megasite is further along in its development than other megasites in the state, but the others are catching up. Public control is another major selling point for our site.”

Posted by: AT 03:18 pm   |  Permalink   |  Email
Thursday, March 24 2016

Shelby, NC -- Attorneys with Parker Poe Adams & Bernstein and advisors with Parker Poe Consulting facilitated KSM Castings USA Inc. with finalizing plans for an $80 million expansion of the company’s casting facility in Shelby, NC.  The German company will add as a first step a 50,000 square-foot building and 80 jobs to the $55 million, 120,000 square-foot plant it built in 2014 that currently employs about 130 people.

“This expansion solidifies our commitment to the region as a supplier of aluminum-cast auto parts for all major automakers,” said Franz Friedrich Butz, CEO of KSM Castings Group, the parent company of KSM Castings USA Inc., which is owned by CITIC Dicastal Co. Ltd. Of China.

Posted by: AT 10:26 am   |  Permalink   |  Email
Monday, February 23 2015

Garner, NC -- Butterball, LLC this week announced the purchase of a strategically located further processing facility in Raeford, North Carolina. The purchase of this facility, closed by its previous owners in December 2014, was completed on February 19, 2015, and will help the company continue to meet growing consumer demand for a variety of Butterball turkey products.

"We are extremely excited to expand Butterball's further processing operations in Raeford, N.C., and for the opportunity to further strengthen our ties with the community," noted Kerry Doughty, Butterball president and chief executive officer (CEO). Read Full Story...

Posted by: AT 10:22 am   |  Permalink   |  Email
Monday, January 12 2015

Bessemer City, NC -- The Gaston County Economic Development Commission is pleased to announce that Tosaf USA will purchase approximately 18 acres from Gaston County in the Southridge Business Park in Bessemer City.  The company plans to construct a compounding and master batching production center to serve the US market. The facility will house these functions to serve the plastic molders and processors. The initial investment will be $13.1 million. The company expects to employ up to 75 persons.

The parent company of Tosaf USA, Tosaf Compounds Ltd., is based in Israel and specializes in the manufacturing and marketing of advanced polymers and compounds. The company’s products are used by plastic molders and processors serving a wide range of industries including automotive, medical, electrical and packaging. “We are excited about the Bessemer City plant being the first location in the US market and establishing operations in North Carolina,” said Amos Megides, Chairman of the Board of Tosaf Compounds, Ltd. “I personally appreciate the State and local assistance with our search for the best location for this facility. I appreciate the kind remarks from the State Representatives and Senators and hope that they will continue to support Tosaf USA as we apply for the various State programs outlined by NC Commerce.”

Posted by: Expansion Solutions Magazine AT 09:52 am   |  Permalink   |  Email
Share this story

Click Here!

Click Here! Click Here! Click Here!

Click Here!

Click Here!

Click Here! Click Here! Click Here!

Click Here!

Site Mailing List 

Expansion Solutions is a worldwide service of Cornett Publishing Co., Inc. ©2018, all rights reserved. 
Our content is from many sources and not warranted to be accurate or current. 
For general inquiries, email: