Tag: Advanced Manufacturing
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$2 Billion, 2,000 Jobs: What Genentech’s Holly Springs Expansion Means for Triangle Real Estate
Genentech raised its Holly Springs manufacturing commitment from $700 million to approximately $2 billion eight months after the original announcement, with construction already underway. The facility, Genentech’s first East Coast plant, will support 500+ high-wage manufacturing jobs at an average salary of $119,833 and 1,500 construction positions. Here is what a $2 billion biomanufacturing anchor…
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What It Means for Real Estate When NC Builds the Glass That Powers AI
The AI buildout runs on glass fiber, and North Carolina makes most of America’s supply. In May, NVIDIA committed up to $3.2 billion to expand Corning’s U.S. manufacturing, part of a wave of advanced-manufacturing investment landing in Catawba County’s fiber corridor. The data centers grab the headlines, but the durable real-estate story is the workforce…
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Amazon and Corning Bring 1,000 Manufacturing Jobs to North Carolina
Amazon and Corning have struck a multibillion-dollar agreement to make the fiber-optic cable that runs Amazon’s data centers — and it’s adding 1,000 advanced manufacturing jobs at Corning’s North Carolina plants, most of them around Hickory. For real estate investors, the story isn’t the cable. It’s where 1,000 new workers will live, and what steady…
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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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Novartis’ $771M Expansion Signals Another Surge in Triangle Life-Sciences Growth
When a global pharmaceutical leader commits three-quarters of a billion dollars to expand in the Triangle, it’s another clear signal of where economic gravity is shifting. Novartis’ announcement—700 new high-paying jobs and more than 700,000 square feet of combined manufacturing and packaging space across Durham and Morrisville—reinforces what many already know: North Carolina’s life-sciences engine…
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1,000 New Jobs at the Crossroads: How Vulcan’s Benson Project Strengthens the I-40/I-95 Growth Engine
Benson just landed one of the most significant advanced-manufacturing projects in North Carolina this decade. Vulcan Elements’ decision to build a nearly $1 billion rare-earth magnet facility—and create 1,000 new jobs—cements the I-40/I-95 interchange as one of the state’s strongest growth corridors. For a region already experiencing rapid population gains, this announcement accelerates the long-term…
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Eco King’s $80M Expansion Brings Jobs and Opportunity to Western North Carolina
A bold step for North Carolina’s westernmost county may also be one of the most important economic development announcements of the year. Eco King Solutions, a U.S. subsidiary of Zhejiang Kingsun Eco-pack Co., is bringing 515 jobs and a new $80.5 million manufacturing plant to Robbinsville, NC. Project at a Glance Eco King’s new U.S.…
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GMAX Industries’ Expansion into Winston-Salem Signals Growth Ahead for Forsyth County Real Estate
A major healthcare manufacturing investment is heading to the Piedmont Triad—and with it comes a new wave of economic activity and opportunity for housing and retail development. GMAX Industries, a New York–based Minority Business Enterprise specializing in disposable medical products, has selected Winston-Salem in Forsyth County as the site of its first North American production…
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TMG & Haartz’s $51M Investment in Rutherford County Signals Economic Surge—and Real Estate Opportunity
Rutherford County just scored big. TMG & Haartz Solutions, a newly formed joint venture between Portugal-based TMG Automotive and Massachusetts-based Haartz Corporation, has announced a $51 million investment in the town of Bostic, North Carolina. The company plans to construct a state-of-the-art facility that will create 125 new jobs over the next five years, offering…