North Carolina is No. 2 on CNBC’s “America’s Top States for Business,” its best performance in the annual ranking since it was introduced in 2007. The CNBC study puts all 50 states to the test, grading them on more than 85 different metrics in 10 key categories of competitiveness.
North Carolina ranked particularly well in the categories of economy (No. 4) with solid growth, and workforce (No. 6) with a steady influx of educated workers, according to CNBC’s coverage. North Carolina also finished among the Top 10 states in business friendliness (No. 9), access to capital (8), and technology and innovation (10).
While Virginia took the top spot in this year’s CNBC ranking, with 1,587 points overall out of a possible 2,500 across all categories, North Carolina was a close second with 1,546 points overall.
Click here for more coverage of CNBC’s 2021 ranking of “America’s Top States for Business.”
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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 company has purchased 33 acres near its current location in Mocksville for the expansion.
“We are extremely blessed and excited to be able to have the opportunity granted to us to expand our manufacturing capacity in Mocksville,” said company founder and owner Bobby Eaton. “I am very grateful for all of the collaboration that has taken place. We also appreciate Mocksville and Davie County and the support that the community has blessed us with. Our pledge is to continue to generate higher-paying jobs and to continue to be the leader of our industry.”
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Duke Energy begins construction on Solar Power Plant in Surry County
Duke Energy has started construction on its 22.6-megawatt Stony Knoll Solar power plant in Dobson which is expected to open by the end of 2021. The facility will power the equivalent of 5,000 homes. Once completed, the plant is expected to create about 70 jobs and will also increase local tax revenues for Surry County and local school districts.
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Altec Industries will expand its Surry County plant, create 100 new jobs
An Alabama-based commercial equipment provider and servicer to a variety of industries will expand its operation near Mount Airy by adding 100,000 square feet and creating 100 new jobs, the company announced on Friday.
Altec Industries Inc. has finalized an agreement with the Surry Board of County Commissioners on a deal that will bring state grant funds to help extend a natural gas line to its current site at 200 Altec Way, just outside of Mount Airy.
Awarded through the North Carolina Governor’s Office and the North Carolina Department of Commerce, Surry County has received a grant of $540,000, which will be matched with $180,000 by the county. The natural gas service will allow Altec to expand its operation and invest $9 million in the new facility. The new jobs will pay above the Surry County average wage.
The expansion is expected to be completed by the third quarter of 2022.
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 be completed by the end of August and to create at least 15 jobs.
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