Tag: EDPNC
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Surprising Highlights from North Carolina’s Q2 Economic Development Activity Report (EDAR)
I was flipping through the latest Q2 2025 Economic Development Activity Report from the EDPNC, and a few things really stood out. These reports are always packed with big numbers, but this quarter had some surprises I didn’t expect. Here’s what caught my eye: In case you don’t know what is in the Sandhills region,…
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Ralliant’s $2.1M Raleigh HQ Signals New Chapter for Triangle Tech—and Real Estate
A global technology leader is planting its headquarters in Raleigh, bringing high-paying jobs and signaling long-term confidence in the Triangle’s economic and real estate future. Project at a Glance Why Raleigh? For CEO Tami Newcombe, this move is personal. A Raleigh native and NC State graduate, Newcombe’s decision to anchor Ralliant’s headquarters in the Triangle…
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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…
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JetZero Chooses NC for Aerospace Manufacturing: A Boost for Jobs, Housing, and Retail
JetZero, a California-based aerospace company, has selected Greensboro, North Carolina as the site of its first U.S. manufacturing facility. This transformational project will bring: The manufacturing campus will be built at Piedmont Triad International Airport (PTI), positioning the Triad region as a national player in next-generation aerospace production. Aerospace: A New Chapter in North Carolina’s…
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Amazon’s $10B Tech Hub in Richmond County: What It Means for Real Estate Investors
Amazon Web Services (AWS) has selected Richmond County, North Carolina, as the site of a $10 billion data center campus—one of the largest technology investments in state history. This move signals the beginning of a major economic shift in the Sandhills region, and with it, a window of opportunity for real estate investors. 📍 Project…
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Prolec GE’s $140 Million Expansion Powers Growth in Goldsboro
Prolec GE Waukesha’s latest expansion in Goldsboro, North Carolina, marks a major milestone in the region’s industrial evolution. With a $140 million investment and 330 new jobs on the way, this move is powering more than transformers—it’s energizing the local economy, real estate market, and long-term investor confidence. Major Investment, Major Impact The project will…
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Genentech’s $700 Million Investment in Holly Springs: Real Estate Investors Take Note
Genentech’s announcement of a new $700 million biomanufacturing facility in Holly Springs, North Carolina, is more than just another corporate expansion—it’s a milestone in the region’s emergence as a national hub for life sciences and a signal flare for real estate investors looking to ride the next wave of suburban growth. The new 700,000-square-foot facility,…
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North Carolina’s 2025 Rural Infrastructure Grants: Fueling Growth Across the State
North Carolina continues to shine as a beacon of economic growth and opportunity. In February 2025, the North Carolina Rural Infrastructure Authority (RIA) approved 13 grants totaling approximately $9.6 million to bolster rural communities. These strategic investments are set to create 371 new jobs and attract over $165 million in public and private investments. Economic…
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GE Aerospace Expansion: A Boost for North Carolina’s Growth Markets
General Electric Aerospace is investing over $100 million across four North Carolina manufacturing sites: Wilmington, Asheville, Durham, and West Jefferson. This move not only upgrades GE’s jet engine production capabilities but also delivers a powerful economic stimulus to these regions. Here’s a breakdown of the impacts by region, along with housing, population, and business growth…
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Economic Impact of Johnson & Johnson’s New Wilson, NC Facility
Economic Impact of Johnson & Johnson’s New Wilson, NC Facility In our September blog post, we noted the announcement of Johnson and Johnson’s planned pharmaceutical manufacturing campus in Wilson, NC. This article digs deeper into the economic impact and the effects on population, housing, and retail. 1. Facility Location and Regional Access Johnson & Johnson…