News

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 »

Snack food company, Lotus Bakeries, will create 62 new jobs in Alamance County. The company will invest more than $84 million to add a new production facility at its Mebane location. New positions include operators, technicians, and material handlers, with a collective average annual salary of $47,873, exceeding Alamance County’s overall average annual wage of… Read more »

North Carolina is one of two states that has received Area Development magazine’s inaugural 2022 Platinum Shovel award which recognizes states that went beyond the gold standard for investment and job creation. The Platinum Shovel award is part of Area Development’s annual celebration of economic development, which also includes the Gold and Silver Shovel awards.… Read more »

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 »

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 »

The City of High Point plans to purchase a former industrial property and redevelop it into a “small-scale manufacturing” hub for southwest High Point. The City Council has authorized the purchase of 300 Oak St., a former Harriss & Covington hosiery plant and a current furniture showroom, along with a vacant 1.3-acre lot across the… Read more »

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 »

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 »

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 »