Tag: NC Development
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$8.7M Federal Grant for Smoky Hollow Park in Raleigh
Smoky Hollow Park has been in the works for a long time. Situated on the north end of the Glenwood South District, it will have a huge impact on the whole downtown area. It’s great to bring federal dollars to Raleigh. But the bigger economic impact will be continued migration into the city because of…
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Morinaga to Expand Manufacturing in Mebane, NC
Morinaga is expected to expand their investment in Mebane with $136M for a new facility. The company will manufacture their Hi-Chew candy and create 100 new jobs. External resources Morinaga Announces Major Expansion at Orange County SiteHi-Chew candy maker Morinaga creating 200 jobs, building second Orange County factory Doug KlineDoug Kline, PhD, has held income…
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Why Real Estate Investors Should Care About Universities
Economic Development means opportunity for real estate investors. The recent news of Novo Nordisk’s increased investment in Clayton, North Carolina is a perfect example. $4.1B and 1000 jobs will increase demand across asset classes: housing, retail, office, storage, industrial, etc. Universities play an important role in economic development, which leads to investment opportunities in real…
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IDEXX Laboratories will Build Manufacturing Facility in Wilson NC
IDEXX Laboratories has announced plans to build a new manufacturing facility in Wilson, North Carolina. The company will invest $147 million in this facility, which is expected to create 275 new full-time jobs. The facility will focus on producing veterinary diagnostic equipment. The median house income in Wilson NC as of 2022 was $46,900, and…
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Fayetteville lands $1B Titanium Mill
American Titanium Metal LLC will construct a $1B titanium mill in Fayetteville NC called Project Aero. It is expected to be located on a 200-acre site near the Goodyear Tire & Rubber Co. plant and will create 450 high-paying jobs with an average salary of $120,000 over the next 20 years. The plant aims to…
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North Carolina Top for Business
Awards 2022-2023 Doug KlineDoug Kline, PhD, has held income properties in North Carolina for more than 20 years. He holds a North Carolina broker’s license, and is a member of the National Association of Realtors and the Triangle Real Estate Investors Association. A lifelong learner, he holds an MBA and a PhD in business, and…