Category: NC Economic Development
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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…
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$8.7M Federal Grant for Smoky Hollow Park in Raleigh
Smoky Hollow Park has been in the works for a long time. Situated on the north end of the Glenwood South District, it will have a huge impact on the whole downtown area. It’s great to bring federal dollars to Raleigh. But the bigger economic impact will be continued migration into the city because of…
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Jewelers Mutual to Sparkle in Raleigh
Raleigh is adding another gem to its crown! Jewelers Mutual Insurance Company is bringing its sparkle to the Triangle with plans to establish a new innovation hub in the city. This exciting development will create 200 new jobs over the next five years, focusing on data-driven solutions to enhance the customer experience. Mutual indicated that average wages…
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Morinaga to Expand Manufacturing in Mebane, NC
Morinaga is expected to expand their investment in Mebane with $136M for a new facility. The company will manufacture their Hi-Chew candy and create 100 new jobs. External resources Morinaga Announces Major Expansion at Orange County SiteHi-Chew candy maker Morinaga creating 200 jobs, building second Orange County factory Doug KlineDoug Kline, PhD, has held income…