Category: NC Economic Development
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Prolec GE’s $140 Million Expansion Powers Growth in Goldsboro
Prolec GE Waukesha’s latest expansion in Goldsboro, North Carolina, marks a major milestone in the region’s industrial evolution. With a $140 million investment and 330 new jobs on the way, this move is powering more than transformers—it’s energizing the local economy, real estate market, and long-term investor confidence. Major Investment, Major Impact The project will…
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Genentech’s $700 Million Investment in Holly Springs: Real Estate Investors Take Note
Genentech’s announcement of a new $700 million biomanufacturing facility in Holly Springs, North Carolina, is more than just another corporate expansion—it’s a milestone in the region’s emergence as a national hub for life sciences and a signal flare for real estate investors looking to ride the next wave of suburban growth. The new 700,000-square-foot facility,…
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North Carolina’s 2025 Rural Infrastructure Grants: Fueling Growth Across the State
North Carolina continues to shine as a beacon of economic growth and opportunity. In February 2025, the North Carolina Rural Infrastructure Authority (RIA) approved 13 grants totaling approximately $9.6 million to bolster rural communities. These strategic investments are set to create 371 new jobs and attract over $165 million in public and private investments. Economic…
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GE Aerospace Expansion: A Boost for North Carolina’s Growth Markets
General Electric Aerospace is investing over $100 million across four North Carolina manufacturing sites: Wilmington, Asheville, Durham, and West Jefferson. This move not only upgrades GE’s jet engine production capabilities but also delivers a powerful economic stimulus to these regions. Here’s a breakdown of the impacts by region, along with housing, population, and business growth…
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Economic Impact of Johnson & Johnson’s New Wilson, NC Facility
Economic Impact of Johnson & Johnson’s New Wilson, NC Facility In our September blog post, we noted the announcement of Johnson and Johnson’s planned pharmaceutical manufacturing campus in Wilson, NC. This article digs deeper into the economic impact and the effects on population, housing, and retail. 1. Facility Location and Regional Access Johnson & Johnson…
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Wolfspeed $5B Facility Nears Completion in Siler City
As of February 2025, Wolfspeed is nearing the completion of its Siler City manufacturing facility. The company remains on track to begin production by early 2025, aligning with its goal to meet the growing demand for silicon carbide semiconductors. In September 2022, Wolfspeed, a leader in silicon carbide technology, announced plans to establish the John…
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Greensboro-Randolph Megasite
Our take: In the northeast corner of Randolph County near Greensboro, this megasaite has successfully attracted Toyota for a battery plant and Ross stores for a distribution center. Demand for housing and retail is increasing in nearby communities around Asheboro, Siler City, and Burlington. The Greensboro-Randolph Megasite, located in Randolph County, North Carolina, is a…
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Triangle Innovation Point
Our take: Southwest of Raleigh and on the edge of Research Triangle Park, Vinfast (Vietnamese electric vehicle manufacturer) made a record-breaking deal to invest $5B for a new facility. Progress has slowed, but this will still mean future apartment and retail opportunities in towns like Moncure, Apex, Fuquay-Varina, and Holly Springs. The Triangle Innovation Point…
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Piedmont Triad International (PTI) Aerospace Center
Our take: Recent announcement by Boom Supersonic and Marshall Aerospace will bring significant job, population, and retail growth to nearby Greensboro, Kernersville, and High Point. The Piedmont Triad International (PTI) Aerospace Center, located at the Piedmont Triad International Airport in Greensboro, North Carolina, has evolved into a significant hub for aerospace manufacturing, maintenance, and repair.…
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The Grounds Megasite
Our take: This is an established site that has attracted development on the Northaastern side of Charlotte along I-85. The megasite continues to attract warehouse and manufacturing, increasing the population of cities such as Concord and Kannapolis. The Grounds Megasite, formerly known as the Philip Morris plant, is a significant industrial property located in Concord,…