Category: NC Economic Development
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North Carolina Megasites
North Carolina benefits from a host of entities working on economic development. Economic development drives population growth and prosperity, which positively impact our real estate acquisition targets: Apartments and Bread-and-Butter Retail. A megasite is a large, strategically prepared parcel of land—often hundreds or even thousands of acres—designed specifically to attract large-scale industrial, manufacturing, or logistics…
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International Logistics Park
Our take: This certified shovel-ready site is located 18 miles Northwest of the Port of Wilmington and less than 10 miles from Wilmington International Airport, near I-74 and I-40. Occupation of this site would increase demand for housing and retail in the nearby cities of Wilmington, Leland, Delco, Sandy Creek, and Castle Hayne. The International…
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The Kingsboro CSX Select Megasite
Our take: A CSX Select rail site located east of Raleigh in an opportunity zone near I-95, the site is attractive for industrial and manufacturing. Occupation of this site would impact the nearby ex-urban towns of Rocky Mount, Tarboro, and Wilson, with increase demand for apartments and bread-and-butter retail. The Kingsboro CSX Select Megasite, located…
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Mid-Atlantic Industrial Rail Park Megasite
Our take: Strategically located for a variety of transportation options: the Port of Wilmington, Wilmington International Airport (ILM), on I-74 with good access to I-40 and I-95, and a CSX Select Site for rail. When this site is occupied, demand for apartments and bread-and-butter retail will increase in these nearby cities: Wilmington, Leland, and Whiteville.…
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Microsoft’s $26.85M Megasite Purchase to Drive Housing, Retail, and Job Creation in Person County
Microsoft Corporation has recently acquired approximately 1,350 acres in Person County, North Carolina, known as the Person County Megasite. The tech giant invested at least $26.85 million for this land in Woodsdale Township, as recorded in county property records. While Microsoft has not yet disclosed specific plans for the site, the substantial investment suggests potential…
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Johnson & Johnson to build Billion Dollar, 420 Job Manufacturing Facility in Wilson
Johnson & Johnson is considering a major economic investment in Wilson, North Carolina, with a potential $1 billion manufacturing facility on the horizon. The project, dubbed “Project Harbor,” could create 420 new jobs by 2031, with an impressive average annual wage of $108,823—more than double the city’s median household income. The Wilson County Board of…
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$145 Million Investment by Reckitt Benckiser Set to Transform Wilson County with 289 Jobs
Reckitt Benckiser has announced a $145.6 million investment in Wilson County, North Carolina, for a new manufacturing plant that will produce its well-known Mucinex brand. This investment is expected to create 289 jobs, with an average salary significantly higher than the local average. The economic boost from the plant will lead to increased demand for…
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Forge Nano Invests $165M in Morrisville, Creating 200 High-Paying Jobs by 2026
Forge Nano recently announced plans to establish a lithium-ion battery manufacturing facility in Morrisville, North Carolina, marking a significant investment of over $165 million. The plant, set to begin operations in 2026, will produce advanced lithium-ion cells using Forge Nano’s proprietary Atomic Armor technology. This development positions North Carolina as a major player in the…
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IDEXX Laboratories to invest $147M in Wilson NC
IDEXX Laboratories has announced plans to build a new $147 million manufacturing facility in Wilson, North Carolina, creating 275 new jobs. This facility will focus on producing veterinary diagnostic products, further expanding IDEXX’s global footprint in pet healthcare innovation. The average compensation for the new positions is projected to be $65,873, which is higher than…
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$1.4B Battery Gigafactory for Edgecomb County
Natron Energy to invest $1.4 billion in a sodium-ion battery manufacturing plant at the Kingsboro Megasite in Edgecombe County, North Carolina. This investment is expected to create over 1,000 jobs, with an average wage well above the local median, directly impacting employment in Rocky Mount and surrounding areas. Over a 12-year period, the project is…