Category: NC Economic Development
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Siemens Adds 350 Jobs in Raleigh and Wendell to Power AI Data Centers
Siemens is investing more than $165 million across the Carolinas to manufacture the electrical hardware behind AI — and 350 of the new jobs land in Wake County, split between Raleigh and the fast-growing town of Wendell. The headline is the jobs. The part worth watching for real estate investors is what durable, high-skill payroll…
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Morinaga’s $136M Mebane Plant and What 204 Manufacturing Jobs Mean for Orange County
Morinaga, the Japanese maker of HI-CHEW candy, has opened its second factory in Mebane, a $136 million investment creating 204 jobs in Orange County and roughly doubling its U.S. production capacity. The plant goes fully operational by October 2026. For real estate investors, the story isn’t the candy, it’s what a second decade of steady…
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How flyExclusive’s Raleigh Move Adds to NC’s Demand Stack
flyExclusive (NYSE: FLYX), a top-five U.S. private jet operator headquartered in Kinston, is growing its Raleigh corporate office to ~125 employees at One North Hills Tower by June 2026. The 95-job add isn’t a headline factory announcement, but it’s the kind of quiet move that strengthens the demand environment around the Triangle markets where NCCG…
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One Year Later: Ralliant’s North Hills HQ Is Open, and the Triangle Thesis Is Holding
Ralliant (NYSE: RAL) cut the ribbon on its global headquarters in Raleigh’s North Hills on March 5, 2026, with 150 of the 180 promised jobs already filled. The $2 billion precision-technology company chose Raleigh over Beaverton, Oregon a year ago. With 83% of the announced positions in place, the Triangle thesis is moving from forecast…
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North Carolina’s Corporate Tax Just Dropped to 2%
On January 1, 2026, North Carolina’s corporate income tax dropped from 2.25% to 2.0% — the next step in a statutory phase-out scheduled to reach 0% by 2030. The rate is real. The path is contested. Here’s why the recruiting machine the rate keeps feeding matters more for NC housing and retail demand than the…
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11.7 Million by 2030: What NC’s Population Curve Means for Real Estate Investors
North Carolina is on track to surpass Georgia and Ohio and become the 7th-largest state in the country by the early 2030s. The state added 146,000 residents in the past year alone — third-largest gain nationally — and is the only state in the country ranking top-three by both raw population added and percentage growth.…
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NC Just Put $2.6M into Kingsboro’s Water — Here’s Why It’s a Leading Indicator
The Economic Development Partnership of North Carolina (EDPNC) has awarded Edgecombe County $2,637,650 through its Megasite Readiness Program to upgrade public water service to the 1,449-acre Kingsboro Business Park between Rocky Mount and Tarboro. The grant keeps one of NC’s most shovel-ready industrial sites infrastructure-current as state and regional recruiters work to land its next…
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Lumentum to Add 400 Manufacturing Jobs at Its New Greensboro Plant
Lumentum Holdings (NASDAQ: LITE) will establish its largest U.S. manufacturing facility in Greensboro — a 240,000-square-foot indium-phosphide laser plant on Piedmont Triad Parkway. The retrofit is underway, production ramps mid-2028, and the project will preserve and create more than 400 advanced manufacturing jobs. Here’s why Lumentum’s announcement is another multi-year leg for Triad workforce-housing demand.
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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.…