News & Events

NEWS & EVENTS

News

EDPNC
01/27/2022

Boom Supersonic Selects North Carolina for its Aircraft Superfactory

GREENSBORO, N.C. – JAN. 27, 2022 – Boom Supersonic, the company building the world’s fastest and most sustainable supersonic airliner, announced plans to build the Overture Superfactory that will serve as its primary manufacturing and production site in Greensboro, N.C. The new facility, which will be located at Piedmont Triad International Airport (PTI), builds upon…
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EDPNC
01/26/2022

Boom Supersonic To Manufacture Supersonic Aircraft in North Carolina

Boom Supersonic, the high-profile aviation company building modern supersonic airliners for commercial service, will build its manufacturing and final assembly facility in Greensboro, creating more than 1,750 jobs by 2030. The project will bring an investment of more than $500 million through 2030 at a site located at the Piedmont Triad International Airport in Guilford…
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EDPNC
01/21/2022

NEW SMALL BUSINESS GRANT FUNDS AVAILABLE FOR NORTH CAROLINA TECHNOLOGY COMPANIES

The North Carolina Department of Commerce has announced new small business grant funds available for North Carolina Technology Companies. Applications are now being accepted for a new round of grantmaking from the One North Carolina Small Business Program, a key source of capital for North Carolina’s emerging technology companies.  The state program works in conjunction…
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EDPNC
12/14/2021

N.C. Rural Infrastructure Authority Approves More than $4.1 Million in Funding

The North Carolina Rural Infrastructure Authority (RIA) has approved 16 grant requests to local governments totaling $4,130,000. The requests include commitments to create a total of 718 jobs, 144 of which were previously announced. The public investment in these projects will attract more than $95 million in private investment. “Our rural communities are the backbone…
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12/07/2021

Toyota’s $1.29 Billion Electric Vehicle Battery Plant to Create 1,750 Jobs in North Carolina

Project is testament to state’s growing clean energy economy and leading position in lithium mining, processing and research   RALEIGH, N.C. – DEC. 7, 2021 – Toyota Motor North America announced plans to build a $1.29 billion electric vehicle (EV) battery production facility at the 1,825-acre Greensboro-Randolph Megasite, a KPMG-certified, shovel-ready site featuring the ideal…
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EDPNC
12/06/2021

Toyota to Build First North American Battery Plant in NC

Toyota will build its first North American battery manufacturing plant for a new generation of vehicles in North Carolina, creating at least 1,750 jobs. Toyota will invest $1.29 billion at the Greensboro-Randolph Megasite, strengthening North Carolina’s position as a leader in the nation’s growing, clean energy economy. “It’s tremendous that Toyota has selected North Carolina…
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Close up skilled carpenter cutting a piece of wood in his woodwork workshop
11/23/2021

MasterBrand Cabinets to Expand in Lenoir County Adding More Than 450 New Jobs

MasterBrand Cabinets, one of the largest cabinet manufacturers in North America, will expand its operations in Lenoir County to create more than 450 jobs over five years. The company will invest more than $13.5 million to expand production capacity at its manufacturing center in Kinston. “It’s great news any time good manufacturing jobs come to…
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11/01/2021

North Carolina Again Ranks as Site Selection’s Top State Business Climate

North Carolina ranks as the nation’s top state business climate in 2021, claiming the lead position for the second year in a row, according to Site Selection magazine. “We tied for the top ranking last year, so it’s great news to leap ahead and be recognized as the sole winner of this national recognition,” said…
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10/26/2021

Jaguar Gene Therapy Plans to Invest $125 Million and Create 200 New Jobs in Durham County

Jaguar Gene Therapy, LLC, an Illinois-based gene therapy company, will create 200 new jobs and invest more than $125 million to locate a GMP facility in Durham County. “North Carolina’s diverse life sciences presence continues to attract innovative biopharmaceutical companies,” said Governor Cooper. “Jaguar’s expansion into biomanufacturing in Research Triangle Park, together with its process…
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EDPNC
10/22/2021

Grants to Rural Communities Attract 417 New Jobs

The North Carolina Rural Infrastructure Authority (RIA) has approved 22 grant requests to local governments totaling $4,742,465. The requests include commitments to create a total of 663 jobs, 246 of which were previously announced. The public investment in these projects will attract more than $230.9 million in private investment. “When we strengthen rural communities, we…
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10/07/2021

Helping a Rural Manufacturer Meet Furniture Supply Chain Demands

In early 2021, Industrial Timber Inc.’s plant in rural Alexander County had a pressing need to expand production to meet skyrocketing demand for the ready-to-assemble wooden furniture frames it produces for the upholstered furniture industry. That was the topic of a meeting Kevin Wiley, president of the Charlotte-based company, had at his Hiddenite, N.C., plant…
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10/07/2021

$727K Grant to Help NC’s Small Businesses Tap Global Markets

For Immediate Release RALEIGH, N.C. ― North Carolina has received a $727,315 federal grant to help small businesses across the state grow by increasing their access to global markets. “Companies that export are 17% more profitable than those that don’t,” said John Loyack, vice president of global business services for the Economic Development Partnership of…
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