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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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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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Twitter

Projects totaling $2 billion in investments could be headed our way https://bit.ly/35QW65M #econdev @GrowSanfordNC

$2B IN PROJECTS COULD BE LEE COUNTY BOUND

Four proposed projects that could bring to Lee Co. investments of more than $2 billion and 1,475 jobs -- 900 of which would pay at least $100,000 a year, are scheduled to go before the BOC 11/30.

An unprecedented opportunity!

Thanks, @greater_ws & @markgwsinc, for including Stan Kelly and the #CarolinCore in your #stateoftheeconomy today. Great to share the panel with @EDPNC and @AboutDCI
"A Win for One is a Win for All!"

Publix Super Markets announces expansion of distribution center in east Greensboro - #logistics. #econdev https://bit.ly/3l7DVhf @triadbizjournal

Power Player 2020: Stan Kelly, Piedmont Triad Partnership - #econdev #CarolinaCore https://bit.ly/329VbLx @triadbizjournal

Peters Development announces retail, residential project for downtown High Point - Triad Business Journal https://bit.ly/3oBpvIj @HPEDC

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