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The Carolina Core is gaining momentum. Read the latest economic news from the area.
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Ontex Group invests $96M and brings 403 jobs to Rockingham County
Read more Ontex Group invests $96M and brings 403 jobs to Rockingham CountyA manufacturer of diaper and feminine hygiene products will bring $96 million in capital investment and 403 new jobs to Rockingham County in the coming months, according to economic development officials and the CEO of the Belgium-based Ontex Group, Charles Bouaziz. Read More…
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Signs of the times: Transportation, workforce take center stage as region markets Carolina Core
Read more Signs of the times: Transportation, workforce take center stage as region markets Carolina CoreDon’t be surprised if in the months ahead you notice a little something different as you cross from one county into another along U.S. 421 through the Triad and southeast toward Sanford and Fayetteville. Read more…
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Piedmont Triad International Airport leads the state in cargo shipments, aircraft maintenance jobs
Read more Piedmont Triad International Airport leads the state in cargo shipments, aircraft maintenance jobsDramatic growth in cargo shipments from the FedEx Express hub at Piedmont Triad International Airport has made the airport the leader in cargo for all of the state’s public airports, a new report from the N.C. Department of Transportation shows.
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Cook Medical completes purchase of Whitaker Park space; 650 workers will move to the former R.J. Reynolds Tobacco Co. facility
Read more Cook Medical completes purchase of Whitaker Park space; 650 workers will move to the former R.J. Reynolds Tobacco Co. facilityCook Medical said Wednesday it has completed purchasing an 850,000-square-foot section of the former Whitaker Park manufacturing complex in Winston-Salem.
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New state laws bring tax breaks, other changes in 2019
Read more New state laws bring tax breaks, other changes in 2019The 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
Read more More than 8,500 jobs announced in 2018The 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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Bracco to Open First U.S. Location in Lee County; Invest $230 Million, Create 200 Jobs
Read more Bracco to Open First U.S. Location in Lee County; Invest $230 Million, Create 200 JobsBracco, a global leader in diagnostic imaging, will create 200 jobs and invest $230 million in opening its first U.S. location to manufacture contrast media in the Lee County city of Sanford. Founded in 1927, Bracco Imaging is a multinational life sciences company and a world leader in imaging diagnostic productions, contrast agents, medical devices, […]
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Elemance to Expand in the Innovation Quarter
Read more Elemance to Expand in the Innovation QuarterElemance, a biomechanics engineering company that was launched out of Wake Forest University Health Sciences, is expanding into a larger footprint within the Innovation Quarter to accommodate planned growth. The project is expected to generate $200,000 of investment and create five jobs over a three-year period. The company’s expansion is supported by a BioNest Grant […]
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Omega Industries Expands in Fayetteville; Invests $3.5 Million and Creates 20 Jobs
Read more Omega Industries Expands in Fayetteville; Invests $3.5 Million and Creates 20 JobsOmega Industries, Inc. has selected Fayetteville and Cumberland County for its new manufacturing facility. The company will invest $3.5 million in equipment and real estate and create 20 jobs. Omega Industries, Inc. is a nationally known manufacturer of railroad crossings, track products, and miscellaneous steel components. The company headquarters is in Vancouver, Washington, with other […]
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GeisterBio Expands in Winston-Salem
Read more GeisterBio Expands in Winston-SalemGeisterBio, Inc., a U.S. life sciences company founded by Austrian entrepreneur Noah Geister, is expanding its operations in Winston-Salem. The company plans to establish a lab and quality control operation at One Technology Place in the Innovation Quarter and make its first two local hires within the first six months. It projects 8-12 jobs over […]
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NC Zoo Announces Opening Date for Asia Expansion
Read more NC Zoo Announces Opening Date for Asia ExpansionThe North Carolina Zoo’s new Asia expansion will open on March 1, 2027. The new continent will be the Zoo’s first major development in more than 30 years. The 12.5-acre Asia region will feature innovative habitat designs and bring nearly 50 new species to the Zoo, including critically endangered Malayan tigers, Visayan warty pigs, white-cheeked […]
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Caterpillar to Invest $1 Billion in Sanford
Read more Caterpillar to Invest $1 Billion in SanfordCaterpillar Inc. plans to invest approximately $1 billion in Sanford, North Carolina to expand manufacturing capacity for products that support its growing Cat Compact℠ business, helping customers gain faster access to the machines they need to solve tough jobsite challenges and build homes, infrastructure and communities. The investment includes plans for a new modern manufacturing […]