News

Emmy-winning Production Company Moving Headquarters to Greensboro

7 Cinematics, a production company that has won multiple Emmys, is relocating its headquarters, production and warehouse facilities from LA and Nashville to Greensboro. The company has taken space in the former Triad Stage building in downtown Greensboro and is finalizing construction for its offices, state-of-the-art editing suites and a high-end screening room for clients… Read more »

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Innovative Construction Group Plans to Invest $39.8 Million, Create 157 Jobs in Chatham County

Innovative Construction Group, LLC, an off-site construction services company serving developers, general contractors, and professional builders, plans to establish a new manufacturing facility in Chatham County and the Town of Siler City. The company plans to make a capital investment of approximately $39.8 million which will create as many as 157 jobs over the next… Read more »

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Kyowa Kirin to Create 102 Jobs, Invest $200 million in Lee County

Kyowa Kirin, a global specialty pharmaceutical company headquartered in Japan, will invest $200 million to establish a new pharmaceutical manufacturing complex in Lee County, creating 102 new jobs. The new complex in Sanford will serve as a Center of Excellence to support the manufacturing of biologic products for targeted clinical and commercial use, expand the… Read more »

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Andrews High School Hosts Aviation Career Day

Andrews High School hosted an Aviation Career Day for middle school students from Guilford County to learn more about the different career opportunities in aviation. Students could participate in hands-on activities, such as flight simulators and drones, and interact with representatives from the Piedmont Triad’s largest employers in aviation including Boeing, Honda Jet, HAECO and… Read more »

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Dai Nippon Printing Co. to Bring 352 Jobs to Davidson County

Dai Nippon Printing Co., Ltd. (DNP), a lithium-ion battery pouch manufacturer, will create 352 new jobs in Davidson County. The company will invest $233 million to build its first U.S. advanced manufacturing facility in the City of Linwood. DNP manufactures lithium-ion battery pouches for electric vehicles. The durable yet soft, flexible plastic packaging material will… Read more »

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Toyota to Invest an Additional $8 Billion; Create an Additional 3,000 Jobs

Toyota will invest an additional $8 billion in its first North American electric vehicle battery manufacturing facility, adding another 3,000 jobs. The project, called “Toyota Battery Manufacturing North Carolina” was initially a $1.29 billion investment announced in 2021 with expansions in 2022 and 2023 and is now valued at $13.9 billion. The project will create… Read more »

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Siemens Mobility, Inc. to Build in Davidson County, Create 506 Jobs and Invest $220 Million

Siemens Mobility, Inc., global manufacturer of rail transportation vehicles and control systems, will build a major advanced manufacturing and rail services center in Davidson County, creating 506 jobs. The company will invest $220 million in Lexington, creating a new carbon neutral facility that will serve the company’s East Coast markets. Siemens Mobility’s advanced manufacturing center… Read more »

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Wolfspeed will Invest $5 billion for New Facility in Chatham County

Wolfspeed, a global leader in silicon carbide semiconductor manufacturing, has chosen Siler City, NC for its newest semiconductor manufacturing plant. The company plans to invest more than $5 billion and will create 1,800 jobs. Wolfspeed, headquartered in Durham, was founded over 30 years ago on the campus of North Carolina State University. The company has… Read more »

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Toyota to Invest Additional $2.5 billion, Create 350 More Jobs at Greensboro-Randolph Megasite

Toyota will invest an additional $2.5 billion in its newest North American facility, Toyota Battery Manufacturing North Carolina (TBMNC). This investment adds capacity to support battery electric vehicle (BEV) battery production and adds 350 jobs, bringing the total employment to approximately 2,100. Scheduled to begin production in 2025, the facility will produce batteries for hybrid… Read more »

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Elizabeth City State University to offer flight school training in the Piedmont Triad

Elizabeth City State University is partnering with Piedmont Flight Training and AeroX to offer a four-year online program in aviation science, which includes a pilot’s license. Piedmont Flight Training will be ECSU’s affiliated flight school partner, training students at its Smith Reynolds Airport facility in Winston-Salem. AeroX, a nonprofit organization building air traffic control infrastructure… Read more »

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Metal Works to Expand in High Point; Add 20 Jobs

Metal Works of High Point will expand its operations, investing $2,819,000 and adding 20 jobs. The company has purchased 1245 Hickory Chapel Rd. The 37,050-sf property will house a powder-coating line and additional room for assembly to help meet growing demand. The family-owned company, headquartered in High Point, manufactures metal components, weldments and assemblies for… Read more »

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Four New Speculative Buildings Planned for Davie County

The Davie County Economic Development Commission said that there are four new speculative buildings planned for the county’s industrial parks. The buildings will range from 130,000 to 500,000 square feet in space and are currently in the planning stages or under construction to replace those filled in 2021 or 2022 by Hayward Holdings, Sportsfield Specialties,… Read more »

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Thomas Built Buses Hiring in High Point

Thomas Built Buses has announced plans to hire up to 280 employees as it adds a production shift. The shift will be in the manufacturer’s Saf-T-Liner C2 plant, which produces traditional and electric school buses. Thomas Built was founded in High Point in 1916 as a streetcar manufacturer. It began making school buses in 1936.… Read more »

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Technimark Expands in Randolph County; investing $62 million and Creating 220 Jobs

Technimark, LLC, a manufacturing solutions provider for the healthcare and consumer packaging markets, will expand its production operations in Randolph County, creating 220 jobs and investing $62 million. Technimark, headquartered in Asheboro, is a global manufacturing provider for the healthcare, consumer packaging and specialty industrial markets. Technimark specializes in precision injection molding, value-added assembly, and… Read more »

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Space Station Builder to lease space in Winston-Salem Regenerative Medicine Accelerator

Axiom Space will partner with the Wake Forest Institute for Regenerative Medicine (WFIRM) and the RegenMed Development Organization (ReMDO). The company will also lease space in the ReMDO Innovation Accelerator, The collaboration will “expand the commercial space economy and support biomedical commercial innovations and manufacturing for biomedical applications in low orbit.” The space station developed… Read more »

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Häfele America Expanding Facility in Archdale

Häfele America Co., a worldwide supplier of furniture and architectural hardware components, will add 94,200 sq ft of space to its Archdale distribution center and warehouse. The facility will have 221,200 square feet when the expansion is completed. The overall project is projected to be a $13 million capital investment set to be completed in… Read more »

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FedEx Plans Distribution Facility in Chatham County

FedEx logo

FedEx Corp. plans to open a 338,000 sq ft distribution center in New Hill. The facility, which is slated to open in early 2023, sits along Pea Ridge Road near its intersection with U.S. Highway 1. The distribution center will employ a mix of full-time and part-time workers. “We continue to experience significant package volume… Read more »

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Automotive Manufacturer Selects Carolina Core for Assembly Plant

VinFast, a Vietnamese electric vehicle and battery company, is bringing its first North American automotive assembly and battery manufacturing plant to North Carolina. The company plans to invest $4 billion and create 7,500 jobs in Chatham County, making this the largest economic development project in North Carolina’s history. VinFast evaluated over 50 megasites in 10… Read more »

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Service Offsite Solutions to Expand in Lee County; Create 235 Jobs and Invest $11.8 million

Service Offsite Solutions, a supplier of offsite homebuilding solutions, will create 235 new jobs in a Lee County. The company will invest $11.8 million to build a new manufacturing facility in Sanford. Using innovative processes and high-tech equipment and tools, SOS builds precision framing components for turnkey residential construction. SOS manufactures floors, roofs, and walls… Read more »

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Truliant Federal Credit Union to Hire More Workers in the Triad

Truliant Federal Credit Union is expanding its workforce with a pledge to hire more than 100 employees during 2022. The Winston-Salem-based credit union said the additional workers are needed foremost in its technology and products and services areas. which include mortgage lending, insurance, indirect auto lending and business lending. About half of the jobs are… Read more »

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RPM Wood Finishes Group to Locate in Greensboro

RPM Wood Finishes Group will invest $25 million in a new Greensboro facility. The new facility will create 53 new jobs that pay an average of $70,000. The company makes finishing products for things like wooden furniture, wooden floors, fabrics, and more. RPM’s new facility on Thorndike Road will occupy 60,000 square feet of office… Read more »

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Nordfab Americas to Expand in Thomasville; Invest $5.5 million and Create 25 Jobs

Nordfab Americas, a manufacturer of dust collection ducting for commercial and industrial applications will expand its Thomasville manufacturing facilities with a $5.5 million investment and create 25 new jobs. The company will expand its production and warehouse space from 87,000 square feet to 141,000 square feet. The new jobs created will include assembly personnel, engineers,… Read more »

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Plan C Crypto to open Fayetteville location

Plan C Crypto, a cryptocurrency data mining company plans to open a facility in Fayetteville. The company expects to open the facility in the third quarter of 2022 and employ 19 people initially. It also has facilities coming online in Tarboro, Boone, and Wilson. The firm will look to hire “skilled professionals in the electrical,… Read more »

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Amazon to Create 500 jobs in Fayetteville

Amazon plans to build a 1.3 million square foot fulfillment facility in the Military Business Park in Fayetteville and will create more than 500 full-time jobs and hundreds of other part-time roles. The full-time positions will pay $15.00 per hour with an average annual salary of $33,000. The average wage for Cumberland County is $31,300.… Read more »

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BrassCraft Manufacturing to Expand in Thomasville; Invest $13 million and Create 100 jobs

BrassCraft Manufacturing Co., a leader in the design manufacturing and distribution of plumbing products, will invest more than $13 million and create nearly 100 jobs to expand its manufacturing operations in Thomasville. “The Thomasville team is critical to delivering the quality and craftsmanship that plumbers and contractors have come to expect from BrassCraft products,” said… Read more »

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Boom Supersonic Selects Piedmont Triad for Superfactory

Boom Supersonic, the company building the world’s fastest and most sustainable supersonic airliner, announced plans to build the Overture Superfactory that will serve as its primary manufacturing and production site in Greensboro, N.C. The new facility, which will be located at Piedmont Triad International Airport (PTI), builds upon the state’s storied legacy of aerospace innovation,… Read more »

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Toyota To Build Battery Manufacturing Plant at Greensboro-Randolph Megasite

Toyota will build its first North American battery manufacturing plant for a new generation of vehicles in North Carolina, creating at least 1,750 jobs. Toyota will invest $1.29 billion at the Greensboro-Randolph Megasite. The new plant in Randolph County will initially produce batteries for Toyota’s hybrid electric vehicles, and intends to produce batteries for battery… Read more »

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Smart Pallet maker to invest $40 million, create 200 jobs in Davie County

Palltronics, the maker of the world’s first fully-trackable shipping pallet, has chosen Mocksville for its first manufacturing facility. The highly-anticipated pallets are already sold out for the first three years of production. The Michigan-based company has leased a new 253,000-square-foot industrial building in the SouthPoint Business Park on US 601 North and plans to invest… Read more »

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Bipartisan Infrastructure Bill Clears the Way for Future I-685 Interstate Designation in the Carolina Core

The Carolina Core is one step closer to adding another interstate shield to the region, thanks to language included in the Bipartisan Infrastructure Bill signed by President Joe Biden on Monday. Business and civic leaders within the region are partnering with local, state and federal officials to designate part of Highway U.S. 421 as a… Read more »

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Pharmaceutical manufacturer Cambrex plans High Point expansion

Pharmaceutical manufacturer Cambrex Corp. said Friday it will create 78 new jobs in High Point as part of a $30 million manufacturing expansion. Cambrex focuses on the small molecule sector that provides drug substance, drug product and analytical services across the entire drug lifecycle. With 40 years’ experience, Cambrex serves clients in North America and… Read more »

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Mohawk Industries Expanding in Davidson County

Mohawk Industries, a manufacturer of flooring products and accessories, will create 87 new jobs and invest $87 million to expand its laminate manufacturing facility in Thomasville. Mohawk Industries is a Fortune 500 leading global flooring manufacturer that creates products to enhance residential and commercial spaces around the world. The company has operated in North Carolina… Read more »

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Woodgrain Inc. Saves 80 Jobs in Surry County

Woodgrain Inc., has acquired the assets of former mill operations owned by Independence Lumber Inc. of Elkin, saving 80 jobs with plans to create an additional 10 as it ramps up ongoing production. The company plans to invest an additional $1 million in new machinery and equipment over the next two years. Woodgrain Inc. makes… Read more »

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Precision Textiles to locate production facility in Troy

Precision Textiles, a global supplier of coated fabrics, nonwovens and laminates, will locate a manufacturing facility in Troy to better serve its customer base in the mattress industry. The Totowa, New Jersey-based company will employ 100 at the plant in Montgomery County and also operates a warehouse in Archdale. “This new factory will enable us… Read more »

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USPS to location new distribution facility in Cumberland County

Liberty Point Industrial Park in Hope Mills has its’ first tenant. The U.S. Postal Service has leased all of the first spec building in the master-planned Liberty Point and will operate a distribution center out of the 178,200 sq ft facility. Liberty Point is on Corporation Drive in a non-contiguous satellite area that was annexed… Read more »

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Nature’s Value Inc. to Invest $19 million and Create 183 Jobs in Forsyth County

Nature’s Value Inc., a global contract vitamin and dietary supplements manufacturer, that will create more than 183 new jobs in Forsyth County. The company will be expanding its manufacturing operations to Winston-Salem with an investment exceeding $19 million. Nature’s Value is a one of the nation’s leading producer of vitamins and dietary supplements. The New… Read more »

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Three Companies to Locate in High Point

Classical Elements Inc., M2C Studio & Leyla Gans LLC are locating in High Point. The three companies owned by Stuart and Leyla Gans will operate in the historic mill building and create approximately 30 jobs in the facility, which will serve as the headquarters location for all three companies. Classical Elements and M2C Studio are… Read more »

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Second Harvest Food Bank Holds Groundbreaking at Whitaker Park

Second Harvest Food Bank held a groundbreaking ceremony on the site of its future headquarters facility at Whitaker Park in Winston-Salem. The new, 139,192 square foot Second Harvest headquarters facility and accompanying technology will address space challenges and operational inefficiencies currently facing the Food Bank, which in 2009 was distributing 9 million pounds of food… Read more »

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Childress Technologies to Create 21 Jobs in Davidson County

Childress Technologies LLC, a new subsidiary of Richard Childress Racing Enterprises LLC, will open a plant in Davidson County to develop and manufacture engine components for the major manufacturers associated with NASCAR. The company will invest more than $192,000 to renovate a vacant 24,960-square-foot building in Lexington for the plant, which is expected to create… Read more »

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Liberty Storage Solutions Expanding in Davie County

Liberty Storage Solutions, which designs and manufacturers a range of products from simple storage buildings to elaborate man caves and she-sheds, will invest $8 million and expects to create 50 new jobs over the next three years with average annual wages of $47,500 plus benefits. This compares to the county’s average wage of $39,000. The… Read more »

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Kieffer Starlite Expanding in Mount Airy

Kieffer Starlite, a national sign builder is expanding its primary facility and consolidating its operations in Mount Airy. Kieffer Starlite performs graphics, welding fabrication, painting and electrical assembly production in the building, where it will be joined by thermoforming operations. The company employs 145, 35 in Mount Airy. The consolidation and expansion is expected to… Read more »

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Ardagh Group Expands in Forsyth County, to Add 94 Jobs

The Ardagh Group, a global manufacturer of sustainable beverage packaging, will invest $195 million and create 94 new jobs in Forsyth County to expand its largest US can manufacturing facility. The project will add 2 new high-speed can manufacturing lines at the facility on Old Milwaukee Lane along with additional building improvements. Today’s announcement represents… Read more »

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Specialty fabrics maker from Brazil announces expansion in High Point

A global maker of non-woven specialty fabrics headquartered in Brazil has announced it will invest $18 million to expand its manufacturing facility in High Point and create as many as 22 new jobs. Fitesa, whose North American headquarters is in Simpsonville, South Carolina, will install two new lines of machinery at its leased 204,172-square-foot building to make… Read more »

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PolarOnyx Relocates to Chatham County

PolarOnyx, a California-based advanced laser 3D manufacturing company, recently relocated to Chatham County from Silicon Valley. PolarOnyx will take over the 142,000 sq ft former Performance Bicycle building off U.S. Highway 15-501 to accommodate production and workspace for employees. Founded in 2002, PolarOnyx designs, develops, and manufactures products for the medical industry, defense and aerospace… Read more »

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Amazon Expands in Fayetteville

An Amazon delivery station is coming to Fayetteville and with it comes hundreds of jobs. The jobs will pay a starting wage of $15 per hour and offer benefits on the first day of employment. “Amazon is excited to expand operations into Cumberland County, North Carolina, investing in a new delivery station in Fayetteville,” said… Read more »

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NC Ranks Among Top States in Competitive Corporate Taxes

North Carolina ranks among the nation’s best-performing states overall in a study comparing state corporate tax costs across the country, according to a Tax Foundation report. The distinctive study modeled eight different types of new and mature firms and analyzed what each would pay in state and local taxes in each state. North Carolina ranked… Read more »

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CEO Survey Ranks NC as a Top 5 State for Business

North Carolina now ranks No. 4 among the nation’s top-performing states in the 2021 Best and Worst States for Business survey conducted by Chief Executive magazine. For the latest report, Chief Executive surveyed 383 CEOs across the country in March about their opinions of all 50 states. “Our top-tier ranking in the Chief Executive magazine… Read more »

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NOA Living to Repurpose 128-year-old Burlington building

The old Lakeside Mill in Burlington is coming back to life in Burlington. The building, which dates to 1893, was chosen by NOA Living, a Raleigh-based furniture and design company has for its new showroom and production facility. The company focuses on repurposing old materials and turning them into hand-crafted furniture, carpets, and accessories. Now,… Read more »

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Hayward Holdings Announces Corporate Relocation To North Carolina

Hayward Holdings, Inc. (NYSE: HAYW) a global designer, manufacturer and marketer of a broad portfolio of pool equipment and associated automation systems, will relocate its corporate office functions to North Carolina from Berkeley Heights, New Jersey. Hayward will move its senior leadership team, corporate human resources, US sales leadership, corporate finance and other strategic functions… Read more »

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Hem Mills Moving to Burlington

Hem Mills, maker of knitted fabrics, woven fabrics and elastics out of hemp and natural fibers will be moving to Burlington. The company plans to invest $20 million in an 80,000-square-foot facility in the Burlington area. She has not yet finalized a site, but has narrowed her search to two undisclosed locations. The new site… Read more »

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Syngenta planning to expand Greensboro headquarters

Global provider of agricultural science and technology Syngenta along with Greensboro and state officials announced Tuesday the Greensboro site plans to expand. The company plans to expand its location on South Swing Road, a 70-acre facility housing 650 employees, and 100 contractors. According to Vern Hawkins, president of Syngenta Crop Protection, LLC, the expansion and… Read more »

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Chatham-Siler City Advanced Manufacturing Site Ready for Occupants

The Chatham-Siler City Advanced Manufacturing (CAM) Site, a 1,802-acre industrial megasite in western Chatham County, is ready for heavy industry companies to move in. The megasite is not completely functional, but everything left to do must follow company commitments to build at CAM. “Sewer is the biggest thing,” said CAM site owner Tim Booras., adding… Read more »

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Hot Shots Distributing Moving to High Point

Hot Shots Distributing, Inc., a distributor of hot sauce and fiery food products to large and small retailers, boutiques, and gift stores, has announced plans to invest $565,000 in a new distribution and manufacturing operation in High Point. Matt Heald, vice president, added, “High Point has an attractive real estate market that is perfectly suited… Read more »

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Stokes County Company Expanding

Machine & Welding of Danbury a family-owned and operated company established in 2013, is investing approximately $3 million in a new 37,500-square-foot building where it will relocate its manufacturing operations from its current 8,500-square-foot facility. The company is a manufacturer specializing in making steel components for cell towers and transformer platforms for utility poles. The… Read more »

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Forsyth Tech Receive $5 million Department of Labor grant

Forsyth Technical Community College has been awarded $5 million from the Department of Labor grant to support community colleges in advancing career pathways in manufacturing to meet employers’ demand for more skilled workers. Forsyth Tech will lead a consortium of eight community colleges across the Piedmont Triad in a project called Aligning the Workforce Education System for Manufacturing. Joining with Forsyth Tech… Read more »

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Business Facilities magazine names North Carolina its “2020 State of the Year”

Business Facilities, a national publication serving corporate site selectors, has named North Carolina its “2020 State of the Year,” recognizing NC’s success in winning projects that create capital investment and new jobs. “North Carolina is leveraging its advantages ― including a prime logistics location, a steadily expanding skilled workforce and impressive higher education resources ―Read More...

IndustryWeek: Manufacturing Marches On

Ramping Up Production in North Carolina Our final stop moves south, to Lexington, North Carolina, which recently became home to EGGER Group’s 20th manufacturing plant. It is also the Austrian company’s first site in North America, developed to better serve the U.S. market. Here the manufacturer will produce both raw particleboard as well as thermally… Read more »

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Chick-Fil-A Creating 160 Jobs, $52 Million Investment in Carolina Core

Chick-fil-A’s new facility in Alamance County, scheduled to open in early 2022, is the company’s first permanent, full-scale distribution center outside of its headquarters location. According to Chick-fil-A Supply’s senior director, the Carolina Core “provides great access to talent and is in close proximity to major transit routes, enabling us to best serve our customers: Chick-fil-A franchised operators, licensees, and… Read more »

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Publix announces expansion of east Greensboro distribution center

As site work continues on its 350-acre campus in east Greensboro, Publix has already announced an expansion to its 1.8 million-square-foot perishable foods distribution center in East Greensboro. The employee-owned company based in Lakeland, Florida, broke ground on its $400 million first phase in February at the site it acquired off U.S. 70 east of… Read more »

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UPS To Invest More Than $316M In North Carolina; Add 592 Jobs

UPS logo

UPS will undertake a significant expansion to its North Carolina presence with the addition of 592 jobs in Guilford and Alamance counties, otherwise known as the Carolina Core. The the multinational package delivery and supply-chain management company plans to invest a total of $316.4 million at two sites over the coming four years. “UPS appreciates the… Read more »

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Purina Adding 300 Jobs in Carolina Core

Nestlé Purina PetCare is investing $450 million to transform a former brewery in the Carolina Core into an innovative, technically advanced pet food manufacturing facility. The 1.3 million-square-foot facility in Eden, North Carolina will employ more than 300 people. The company, which also considered sites in Ohio and Kentucky, chose the Carolina Core for its strong workforce and available real… Read more »

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Prepac Manufacturing Investing $27.1M, Adding 201 Jobs

Canada-based Prepac Manufacturing Ltd., a North American manufacturer of Ready-to-Assemble furniture will invest $27.1 million to locate its new 260,000 square foot east coast furniture factory in Whitsett, North Carolina. The company plans to create 201 jobs in Guilford County. “When we started evaluating potential locations for our new east coast factory there were several good… Read more »

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Wake Forest Baptist launches drone medical delivery service

Wake Forest Baptist Medical Center launched a drone delivery service recently with UPS for time- and temperature-sensitive medical supplies, as well as personal protective equipment. The initiative involves UPS subsidiary UPS Flight Forward and iQ Healthtech Labs, which is based in downtown Winston-Salem’s Innovation Quarter. Read More…

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Triad fabric maker surpasses plastic-to-fabric recycling milestone

In 2017, Greensboro-based Unifi (NYSE: UFI) set a goal of transforming 20 billion plastic bottles into synthetic yarns. On Thursday, the fabric maker announced it has exceeded its goal through its REPREVE platform of recycled performance fibers, which has been adopted by more than 500 global brand and textile partners. This milestone is the equivalent… Read more »

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California manufacturer Through6 to bring 160 jobs to Lee County

Through6, an apparel design and manufacturing company based in California, will open a facility in Lee County that will eventually employ 160 people, according to the Sanford Area Growth Alliance. The company plans to open the operation in phases, with a total investment of $2 million, according to a news release. Read More…

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Furniture maker looking to add 100 employees at Triad facility

Ashley Furniture Industries is seeking more than 100 full-time associates at its Advance manufacturing, distribution and fulfillment facility in Davie County. The company is looking to fill the positions as soon as possible in order to meet the increased demand in sales of home furnishings. Read More…

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Innovation Quarter launches healthtech lab initiative

Innovation Quarter aerial

Winston-Salem’s Innovation Quarter has announced the establishment of iQ Healthtech Labs, a physical and virtual hub for developing partnerships and breakthrough ideas within and through the iconic innovation district. The goal of iQ Healthtech Labs is to reduce the time frame of taking healthtech solutions from idea to the marketplace by creating collaborations between Innovation… Read more »

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Publication ranks Triad MSA as sixth best for corporate facility investments

Kontoor Brands Headquarters North Carolina

The Greensboro-High Point metropolitan area has been ranked the sixth best in the country for corporate facility investments in similar-size markets by Site Selection magazine. The ranking comes in the category with a population between 200,000 and 1 million. The Greensboro-High Point metropolitan statistical area is comprised of Guilford, Randolph and Rockingham counties. Read More…

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Audentes Therapeutics Unveils $110M, 209-Job Gene Therapy Facility in Sanford

[Note: The company’s name was officially changed March 31, 2021 to Astellas Gene Therapies.] Audentes Therapeutics, a San Francisco gene therapy company, is joining other leaders in the highly specialized field by sticking a manufacturing sword in North Carolina soil. Audentes, which was purchased in January by Tokyo-based Astellas Pharma Inc., will establish a $109.4… Read more »

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Industrial manufacturer marks official opening of High Point operations

Amada corporate leaders, elected High Point officials and economic development professionals and were on hand Friday for the official ribbon cutting and ceremony start-up of the company’s manufacturing operations. Amada is the latest foreign investment win for High Point. In November, Netherlands-based coatings company AkzoNobel announced a 500,000-square-foot, $55 million expansion of its manufacturing facility. In October, High… Read more »

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Greek company to create new jobs in east Greensboro

Growth and expansion are happening for east Greensboro.   A company based out of Greece called Systems Sunlight, a battery-making company, announced its plans to call east Greensboro its home. They plan to invest nearly $7 million and create 46 jobs ranging from manufacturing to assembly. Read More…

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Forsyth County Job Growth on the Rise

Job growth in Winston-Salem Forsyth County is on the rise. Reports from The Bureau of Labor Statistics show the metro area added more than 10,000 jobs over the last two years. That’s better than similar metro areas in the U.S., including Charlotte and Atlanta. “I feel it’s our entire economy chipping in and at the… Read more »

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North Carolina’s PTI Airport targets aerospace, logistics

HondaJet assembly line

It must have been music to the ears of economic development and airport folks in the Greensboro-High Point area of North Carolina. Over the summer, Honda Aircraft Company announced groundbreaking on an expansion of its facility at Piedmont Triad International Airport in Greensboro. The expansion will allow a major increase in production at a factory… Read more »

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Ox Bodies will open High Point plant in October

Ox Bodies, a subsidiary of Federal Signal Corp., will open a manufacturing facility here, the High Point Economic Development Corp. announced Wednesday. The company will hire 15 people the first year at an annual average wage of $49,000, and operations are expected to begin in October, the announcement said. The High Point City Council in… Read more »

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Honda Power Equipment marks 35 years with $46.5 million expansion, new product announcements

Officials at Honda Power Equipment, a subsidiary of Honda Motor Co. (NYSE: HMC), on Tuesday marked the company’s 35th anniversary by announcing a 135,000-square-foot expansion of its plant in the Alamance County town of Swepsonville. The $46.5 million expansion will in part provide manufacturing space for Honda’s new model-GCV general purpose engine, which will be… Read more »

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Study: NC is 7th best state for aerospace manufacturing

North Carolina is the seventh-best state for aerospace manufacturing, according to PricewaterhouseCoopers’ 2019 aerospace manufacturing attractiveness rankings. PwC, a multinational consultancy and accounting firm, conducts the study every year to assess where U.S. aerospace companies are investing for manufacturing facilities. The study considered a variety of factors, including aerospace manufacturing cost, infrastructure and tax policies… Read more »

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Forsyth Tech breaks ground on new aviation tech lab

A recent study commissioned by Smith Reynolds Airport in Winston-Salem suggested the airport would be in a position to attract more aviation-related companies if the community could deliver more workers trained in aviation maintenance and avionics. That potential outcome resulted in an approved $16 million Forsyth County bond referendum, culminating in Wednesday’s ceremonial groundbreaking for… Read more »

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American Airlines Features the Carolina Core in In-Flight Magazine

The 32-page special feature appears in American Way magazine, the in-flight publication available in your seatback on every American Airlines plane globally. The Spotlight featured section in American Way highlights communities and cities around the world. July’s edition promotes the Triad and Carolina Core, focusing on economic development, education, manufacturing, medicine and innovation, and more.… Read more »

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Businesses, research, residential living come together as Wake Forest Innovation Quarter continues to grow

As Wake Forest Innovation Quarter continues to take shape as a hub of activity where people work, live, learn and play, its officials are exploring this urban-based innovation district’s next phase of development. “The fact that there’s stuff under construction all the time makes it a little more complicated, but we’re working through that and… Read more »

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More than 100 pharmaceutical jobs coming to Harnett County

India-based KriGen Pharmaceuticals plans to bring more than 100 jobs to Lillington. The company announced Wednesday it will convert one of the former book factory’s three buildings on Edwards Brothers Drive into a pharmaceuticals plant that will make medical IV bags and liquid injectables. Read more…

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‘Project Slugger’: New office tower to break ground outside Greensboro ballpark

Construction will soon begin on Greensboro’s first new downtown office tower in decades, all a part of “Project Slugger.” Front Street Capital announced plans for a groundbreaking on Thursday in the outfield of First National Bank Field, home of the Greensboro Grasshoppers. The 9-story, 110,000-square-foot tower  will stand at the corner of Eugene Street and… Read more »

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SunTrust to relocate mortgage leadership team from Virginia to Greensboro as part of planned BB&T merger

The planned merger of regional banks BB&T Corp. and SunTrust Banks Inc. will result in some management jobs for the combined company being moved out of the Richmond region to Greensboro. SunTrust confirmed last week that it plans to locate the leadership team for the combined company’s mortgage business in Greensboro, which will mean relocating… Read more »

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Regional leaders want U.S. 421 designated as future interstate

U.S. 421 will be an interstate highway if Piedmont Triad leaders have any say in the matter. It’s part of an effort to provide another asset to the marketing of the region for economic development, according to Jed McMillan of the Piedmont Triad Partnership. McMillan appeared before the Randolph County Board of Commissioners on Monday… Read more »

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Burlington lands ‘Project Fiber,’ bringing new HQ and 33 new jobs to Triad

National OnDemand, a provider of installation and construction services for the broadband and telecommunications industries, has selected downtown Burlington for its headquarters. The company will create 33 jobs with an average salary of $70,455 over two years. The N.C. Rural Infrastructure Authority approved a grant of $312,500 to support the reuse of the vacant former… Read more »

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New state laws bring tax breaks, other changes in 2019

Aerial of highway

The final phase of the 2013 tax overhaul takes effect in tax year 2019. The state’s personal income tax rate will drop from 5.499 percent to 5.25 percent, while the corporate tax rate sees a bigger decline, from 3 percent to 2.5 percent, the lowest rate in the country among states that impose a corporate income tax.

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More than 8,500 jobs announced in 2018

Carolina Core

The Carolina Core experienced major jobs announcements and increasing momentum in 2018 with more than 8,500 jobs announced, according to a press release from the Piedmont Triad Partnership.

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