News

IQE, a semiconductor manufacturer based in the United Kingdom is expanding its Greensboro manufacturing operation with an expected 31 new jobs by the end of 2026. The new jobs will primarily be technicians and engineers working on semiconductor production, with an average salary of approximately $66,000 a year. IQE’s wafers and materials are used in… Read more »

The North Carolina Rural Infrastructure Authority (RIA) has approved 17 grant requests to local governments totaling $5,710,255. These grants are for projects that have committed to creating 1,382 jobs and will attract more than $5 billion in private investment across the state. Five of these grants were awarded to Carolina Core communities. 1. Stokes County:… Read more »

SteriTek, a contract sterilizer, will invest $59.9 million to build an East Coast sterilization facility in Burlington, NC. The project will create 50 new jobs. SteriTek, established in 2016 and based in California, uses electron beam and X-ray systems to sterilize high volumes of medical devices for the medical, biotechnology, pharmaceutical and tissue industries. The… Read more »

The U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding $3.1 million in grants to support business development and job growth in North Carolina communities impacted by the declining use of coal. Gateway Research Park Inc., Greensboro, will receive a $2.1 million grant to expand a manufacturing facility in support of the growth of… Read more »

Sunlight Batteries USA, Inc., a manufacturer of lithium-ion and other high-performance batteries, will invest $40 million to expand its operations into Alamance County. The company will create more than 130 jobs for its new facility in Mebane. The new facility will use robot-assisted technology to develop and produce lead-acid and lithium-ion batteries for industrial applications.… Read more »

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 »

Imaflex USA, Inc., a flexible packaging manufacturer, will add 37 new jobs in Davidson County. The company will invest up to $15 million for a major building expansion along with capital equipment for its U.S. production site in Thomasville. Imaflex USA is the U.S. operation for Imaflex Inc., a Montréal-based developer and manufacturer of polyethylene… Read more »

Frank L. Blum Construction, a commercial general contractor headquartered in Winston-Salem will invest more than $3.8 million and create 35 new jobs to expand in Winston-Salem. The company will relocate its existing headquarters operations from East 25th Street to a newly acquired office building located on Pilgrim Court. The company was awarded a $250,000 Building… Read more »