Tag: Current Event
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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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Why North Carolina’s Tax Cuts Matter to Real Estate Investors
Lower Taxes Are Now Law North Carolina has enacted a series of tax reductions that are more than political theater—they’re legally locked in: These changes matter for real estate investors. North Carolina is positioned as one of the most tax-competitive states in the country—especially for entrepreneurs, employers, and investors. Businesses Are Already Taking Notice Tax-friendly…
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Raleigh Sees Record Breaking Apartment Demand….. Workforce Housing supply remains strained
Raleigh’s apartment market is experiencing historic levels of demand, with net absorption reaching an all-time high in 2024. According to CoStar, the city absorbed nearly 8,600 units, more than double its typical annual average. While absorption is expected to moderate in 2025, demand will still remain above historical trends, fueled by strong population growth and…
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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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Increased Real Estate Opportunities in Non-Urban Locations
1. What’s the Evidence That People Are Moving Away from Big Cities? U.S. Census Data Moving and Postal Service Data 2. Why Are People Moving Away from Cities? 3. Benefits of Living in Non-Urban Areas 4. What Does This Mean for Retail Sales? 5. How Does This Affect Housing Prices? Summary In recent years, particularly…
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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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Slight Decline in Raleigh Apartment Vacancy
Raleigh’s apartment market is experiencing a slight shift as vacancy rates decline for the first time in nearly three years. After reaching a record high of 12.6% earlier this year, the vacancy rate fell to 11.9% in the second quarter, indicating a continue surge in demand that outpaced new supply for the first time since…
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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…