Tag: NC Development
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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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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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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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North Carolina’s Strong Economy Continues to Support Real Estate Investment Potential
When WalletHub released its 2025 Best & Worst State Economies report, North Carolina once again stood out — ranking #6 in the nation. That’s up from #8 last year. For investors, this matters: a healthy, growing state economy is one of the strongest foundations for consistent, secure real estate returns. A Data-Driven Look at Economic…
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Myth: You Have to Be a Real Estate Pro. Reality: You Just Need the Right Team.
Many investors hesitate to step into real estate because they think it’s only for industry insiders — people who can analyze deals, negotiate financing, and manage properties. In reality, you don’t need to be an expert to invest like one. You just need the right team. (See 6 Myths About Passive Real Estate Investing) Myth…
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Debunking the Risk Myth: How Real Estate Brings Predictability to Portfolios
All investments carry risk, but stabilized real estate can offer lower volatility and more predictability than the stock market—especially in essential asset classes like housing and grocery-anchored retail. (See 6 Myths About Passive Real Estate Investing) Perception vs. Reality Many investors hesitate to add real estate to their portfolios because they’ve heard it’s risky. After…
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Commuters Fuel Growth: Why Raleigh’s Jobs Create Housing and Retail Demand in Halo Counties
A recent Triangle Business Journal analysis highlighted a striking reality: many of the fastest-growing counties around Raleigh and Durham are losing the majority of their workforce to daily commutes into the urban core. Franklin County, for example, sees nearly 90 percent of its private-sector workers leave the county each morning, with similar trends in Johnston,…
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Raleigh, Charlotte, and Jacksonville Earn National Recognition in 2025 Business Facilities Report
North Carolina’s cities are once again in the national spotlight, earning top placements in the 2025 Business Facilities Metro Rankings across multiple categories. From Raleigh’s #1 ranking for Best Business Climate to Charlotte’s position as a fintech leader, these recognitions highlight the state’s strong economic momentum and the opportunities it creates for housing and retail…
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Biogen’s $2 Billion RTP Expansion Bolsters Life Sciences—and Real Estate—in the Triangle
Biogen is doubling down on North Carolina. In a major economic development announcement, the global biotechnology leader will invest $2 billion to expand its manufacturing footprint in Research Triangle Park (RTP), strengthening the state’s position as a top-tier life sciences hub and creating new real estate opportunities across Wake and Durham counties. Biogen’s Expansion: $2…
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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…