Category: NC Economic Development
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Toyota’s $13.9 Billion Battery Plant in North Carolina: 5,100 Jobs and a Generational Investment
North Carolina secured one of the largest manufacturing projects in its history when Toyota Motor Corporation selected the Greensboro-Randolph Megasite in Liberty for its first battery plant outside Japan. Now operating as Toyota Battery Manufacturing North Carolina, the project represents approximately $13.9 billion in total investment and about 5,100 jobs. This is structural growth —…
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Scout Motors Selects Charlotte for New Headquarters
Electric vehicle manufacturer Scout Motors has announced it will establish its corporate headquarters in Charlotte, bringing approximately 1,200 jobs to Mecklenburg County. The project was announced in coordination with the Governor’s Office, the North Carolina Department of Commerce, and the Economic Development Partnership of North Carolina, reflecting continued alignment between state-level policy and local execution.…
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Business Facilities Names North Carolina 2025 State of the Year — A Strong Backdrop for Multifamily and Neighborhood Shopping Centers
2025 State of the Year Business Facilities, a national site selection publication, has named North Carolina its 2025 State of the Year. The award reflects measurable job creation, capital investment, and sustained economic performance. Companies making relocation and expansion decisions follow these rankings closely. Investors should as well. North Carolina’s recognition means that the state…
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Raleigh and Charlotte Continue to Rank Among the Nation’s Best-Performing Cities
The Milken Institute has released its Best-Performing Cities 2026 report. Once again, North Carolina’s largest metros rank near the top among large U.S. cities. For those who track economic fundamentals over multiple years, the takeaway is consistent: both Raleigh and Charlotte remain high-performing, diversified regional economies. Raleigh–Cary: Top 5 Among Large Metros Raleigh–Cary ranks #5…
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FUJIFILM and J&J Lock in Long-Term Biomanufacturing Growth in Holly Springs
This is another clear economic development win for North Carolina—and it builds directly on momentum already underway. Rather than a new, standalone announcement, FUJIFILM’s Holly Springs milestone cements a long-term biomanufacturing anchor that was already signaled by Johnson & Johnson’s prior commitment. Capacity, demand, and duration are now aligned. Below is the short version of…
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Raleigh Ranks Among Top U.S. Metros for In-Migration in 2025
Raleigh is not just growing — it’s competing nationally for new residents, according to real relocation data. We track migration data closely because population in-migration is a direct demand signal for housing and local retail. For a broader explanation of why this matters for real estate investing, see Why Population In-Migration Matters for Real Estate…
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North Carolina Remains a Top Destination for Population In-Migration in 2025
Independent datasets confirm an unmistakable trend: North Carolina remains a top U.S. destination for inbound household moves in 2025. We track migration data closely because population in-migration is a direct demand signal for housing and local retail. For a broader explanation of why this matters for real estate investing, see Why Population In-Migration Matters for…
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Maersk Picks Charlotte for Its North American HQ
When a global logistics leader decides to elevate a city to “headquarters” status, it’s more than a headline—it’s a signal. Maersk’s choice to name Charlotte as its official North American headquarters isn’t a relocation; it’s an expansion that builds on more than two decades of operations in the region. In other words, this is a…
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Novartis’ $771M Expansion Signals Another Surge in Triangle Life-Sciences Growth
When a global pharmaceutical leader commits three-quarters of a billion dollars to expand in the Triangle, it’s another clear signal of where economic gravity is shifting. Novartis’ announcement—700 new high-paying jobs and more than 700,000 square feet of combined manufacturing and packaging space across Durham and Morrisville—reinforces what many already know: North Carolina’s life-sciences engine…
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1,000 New Jobs at the Crossroads: How Vulcan’s Benson Project Strengthens the I-40/I-95 Growth Engine
Benson just landed one of the most significant advanced-manufacturing projects in North Carolina this decade. Vulcan Elements’ decision to build a nearly $1 billion rare-earth magnet facility—and create 1,000 new jobs—cements the I-40/I-95 interchange as one of the state’s strongest growth corridors. For a region already experiencing rapid population gains, this announcement accelerates the long-term…