Tag: Job Development Investment Grant (JDIG)
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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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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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One Year Later: Ralliant’s North Hills HQ Is Open, and the Triangle Thesis Is Holding
Ralliant (NYSE: RAL) cut the ribbon on its global headquarters in Raleigh’s North Hills on March 5, 2026, with 150 of the 180 promised jobs already filled. The $2 billion precision-technology company chose Raleigh over Beaverton, Oregon a year ago. With 83% of the announced positions in place, the Triangle thesis is moving from forecast…
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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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Fintech Expansion Fuels Charlotte’s Growth — SoFi Adds 225 High-Paying Jobs
SoFi Technologies, a leading digital finance platform, has announced plans to expand its Charlotte operations, adding 225 new jobs with an average salary of $108,000. The company will invest $3 million in the project, supported by a Job Development Investment Grant (JDIG) approved by the state’s Economic Investment Committee. Over the next twelve years, the…
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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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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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AssetMark’s $10M Investment in Charlotte Signals Strength for Real Estate Investors Across the Region
Charlotte’s growing reputation as a financial services powerhouse just got another boost. AssetMark Financial Holdings, a national provider of wealth management technology and investment solutions, has announced plans to establish its East Coast hub in Charlotte, bringing 252 high-paying jobs and a $10 million investment to Mecklenburg County. Real estate investors, take note: this is…
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Citigroup’s $16M Investment in Charlotte Brings High-Paying Jobs—and Opportunity for Real Estate Investors
Citigroup has announced a major expansion in North Carolina, selecting Charlotte as the site for a new office facility that will create 510 high-paying jobs. Backed by a $16.1 million investment, the project will support roles in personal banking, finance, and marketing, with an average salary of $131,832—nearly double the metro average. The announcement, made…
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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…