Tag: Johnston County NC
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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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11.7 Million by 2030: What NC’s Population Curve Means for Real Estate Investors
North Carolina is on track to surpass Georgia and Ohio and become the 7th-largest state in the country by the early 2030s. The state added 146,000 residents in the past year alone — third-largest gain nationally — and is the only state in the country ranking top-three by both raw population added and percentage growth.…
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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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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…
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NC County Population Increases
A quick analysis using the data from NC’s Office of State Budget and Management. The data lags by about 2 years, but suggests future trends and is in alignment with development news. I’m looking at just the top 10 counties in North Carolina by annual percentage population increase in years 2020, 2021, and 2022, and…
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Investing in Neighborhood Shopping Centers in the Raleigh-Durham Suburbs
The Raleigh-Durham metro area, often called the Triangle, is one of the fastest-growing regions in the country. Its suburbs are benefiting from major job growth, new infrastructure, and an influx of residents seeking affordability outside the urban core. Why Invest in Raleigh-Durham’s Suburbs? Explosive Population Growth: Johnston County added 17,600 new residents from 2020-2022, making…
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North Carolina’s Growing Housing Crunch: What to Expect by 2030
Over the next few years, experts predict a significant housing shortage in North Carolina. From 2025 to 2030, the state is expected to welcome many new residents—both from within the U.S. and from other countries—while also expanding its job market. Below is a straightforward overview of the evidence, the areas most likely to be affected,…
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2024 Continues Net Migration into North Carolina
In 2024, North Carolina experienced remarkable net migration, further establishing itself as one of the fastest-growing states in the United States. Driven by affordability, a thriving job market, and a high quality of life, the state attracted thousands of new residents. This influx was particularly pronounced in certain counties and cities, reshaping the state’s demographic…