Category: North Carolina
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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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Migration to North Carolina: Which States are People Coming From?
People continue to move to North Carolina, which we like to see for our real estate investments. From 2020-2023, North Carolina ranks 3rd in the nation for positive population change. State population changes are affected by births and deaths, but also by migration from one state to another. Part of North Carolina’s increase in population…
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Fortune 500 Companies Eye Raleigh
Raleigh is attracting the attention of some of the largest firms in the nation. According to Kyle Touchstone, the city’s economic development director, several Fortune 500 companies are eyeing the city for potential expansions. While Touchstone didn’t provide specifics, he mentioned that his team is currently working on 16 active economic development projects. Among them,…
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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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Boviet Solar invests $294 Million in Greenville to Create Nearly 1000 Jobs
Boviet Solar’s announcement of a new $294 million manufacturing facility in Greenville, North Carolina, is set to bring substantial economic growth to the region. The project, which will create 908 jobs by 2028, marks the company’s first North American solar panel production site. This investment will boost local employment in areas such as manufacturing, engineering,…
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Raleigh Lands US Headquarters for Israeli EV Firm
Driivz, an Israeli based EV company which develops smart EV charging and energy management software for companies like Shell, Circle K and Volvo is opening a US corporate Headquarters in Raleigh. As reported in a Triangle Journal article, the company has operations in 30 countries, manages over 85,000 public EV public charging ports and anticipates…
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2024 State of Downtown Raleigh Report
Downtown Raleigh Alliance publishes an annual State of Downtown Raleigh report. See the report here. I look forward to this report every year. They do a great job pulling together economic, demographic, and development data and presenting it in a dynamic visual manner. Looking at these data-driven graphics makes me excited about Raleigh and where…
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North Carolina Recognized by Business Facilities Magazine 2024 Rankings
Business Facilities magazine ranks states on factors of concern for business seeking to locate a facility or expand their presence. Once again, North Carolina shows its desirability on a number of dimensions. An attractive business climate is good for the future of real estate investments. North Carolina 2024 Rankings external links Business Facilities’ 20th Annual…