Tag: NC Development
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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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North Carolina Megasites
North Carolina benefits from a host of entities working on economic development. Economic development drives population growth and prosperity, which positively impact our real estate acquisition targets: Apartments and Bread-and-Butter Retail. A megasite is a large, strategically prepared parcel of land—often hundreds or even thousands of acres—designed specifically to attract large-scale industrial, manufacturing, or logistics…
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Fortune 500 Companies Eye Raleigh
Raleigh is attracting the attention of some of the largest firms in the nation. According to Kyle Touchstone, the city’s economic development director, several Fortune 500 companies are eyeing the city for potential expansions. While Touchstone didn’t provide specifics, he mentioned that his team is currently working on 16 active economic development projects. Among them,…
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Johnson & Johnson to build Billion Dollar, 420 Job Manufacturing Facility in Wilson
Johnson & Johnson is considering a major economic investment in Wilson, North Carolina, with a potential $1 billion manufacturing facility on the horizon. The project, dubbed “Project Harbor,” could create 420 new jobs by 2031, with an impressive average annual wage of $108,823—more than double the city’s median household income. The Wilson County Board of…
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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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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…
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North Carolina Recognized by Business Facilities Magazine 2024 Rankings
Business Facilities magazine ranks states on factors of concern for business seeking to locate a facility or expand their presence. Once again, North Carolina shows its desirability on a number of dimensions. An attractive business climate is good for the future of real estate investments. North Carolina 2024 Rankings external links Business Facilities’ 20th Annual…
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IDEXX Laboratories to invest $147M in Wilson NC
IDEXX Laboratories has announced plans to build a new $147 million manufacturing facility in Wilson, North Carolina, creating 275 new jobs. This facility will focus on producing veterinary diagnostic products, further expanding IDEXX’s global footprint in pet healthcare innovation. The average compensation for the new positions is projected to be $65,873, which is higher than…
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$1.4B Battery Gigafactory for Edgecomb County
Natron Energy to invest $1.4 billion in a sodium-ion battery manufacturing plant at the Kingsboro Megasite in Edgecombe County, North Carolina. This investment is expected to create over 1,000 jobs, with an average wage well above the local median, directly impacting employment in Rocky Mount and surrounding areas. Over a 12-year period, the project is…