North Carolina has enjoyed considerable success in recent years in recruiting large economic development projects. With this success, the State has also depleted some of its best sites for projects requiring substantial land and readiness, while the competition continues to grow. Major manufacturing projects in the aerospace, automotive, clean energy, food processing, life sciences, and semiconductor…

Forge Nano, Inc., a leading materials science company that enables peak performance products through atomic-level surface engineering, intends to launch a new lithium-ion battery business, called Forge Battery, in Wake County. The company and its investors plan for an initial investment of more than $165 million to build a lithium-ion battery manufacturing plant in Morrisville…

In partnership with the Economic Development Partnership of North Carolina (EPDNC), N.C. Department of Commerce Secretary Machelle Baker Sanders announced today that North Carolina has opened its first Taiwan investments office. The State of North Carolina Taiwan Office, located in Taipei, Taiwan, opened October 5 and aims to secure investment partnerships from Southeast Asian companies…

Toyota will invest an additional $8 billion in its first North American electric vehicle battery manufacturing facility, announced the Economic Development Partnership of North Carolina, adding another 3,000 jobs. The project, dubbed “Toyota Battery Manufacturing North Carolina” (TBMNC) was first announced as a $1.29 billion investment in 2021, with expansions in 2022 and 2023. Now…

Epsilon Advanced Materials, a global provider of synthetic graphite used in electric vehicle batteries, announced today it will invest $649.9 million in a new manufacturing facility outside of Wilmington, North Carolina. The project, which will create 500 jobs in Brunswick County, will be one of the largest economic development announcements in the Southeast part of the…

The North Carolina Rural Infrastructure Authority (RIA) has approved seven grant requests to local governments totaling $2,639,793. These grants are for projects that have committed to creating 321 jobs and will attract more than $53.7 million in private investment. The Rural Infrastructure Authority is a 17-member board that awards Rural, Community Development Block Grant (CDBG), and Utility…

Today, Governor Roy Cooper continued to meet with business leaders in Tokyo and delivered remarks at the Southeast U.S./Japan Association (SEUS/Japan) meeting closing ceremony. The Governor was joined by NC Commerce Secretary Machelle Baker Sanders and Economic Development Partnership of North Carolina CEO Chris Chung. “This meeting is a symbol of the Southeast United States…

Governor Roy Cooper will lead a North Carolina delegation to Japan from October 11 – 15 to the annual Southeastern United States/Japan (SEUS/Japan) Economic Development Conference in Tokyo to recruit industry and meet with business leaders and others. “Japan is a highly valued economic partner for our state and it’s important to take this opportunity…

Governor Roy Cooper has proclaimed October 1-7, 2023 North Carolina Manufacturing Week. With the eighth-largest manufacturing economy in the United States, and the largest manufacturing workforce in the southeast, manufacturing remains essential to the success of every sector of North Carolina’s economy. “Our manufacturing legacy and workforce have consistently supported North Carolina’s reputation as the best…

Provalus, an IT services company, will create 92 jobs in Columbus County, Governor Roy Cooper announced today. The company will invest $500,000 to establish operations in the City of Whiteville. “This announcement by Provalus is a great win for Columbus County,” said Governor Cooper. “The decision to operate in Whiteville is evidence of the strength…

Chick-fil-A Supply, a wholly owned subsidiary of Chick-fil-A, Inc., and distribution service provider of the chain’s restaurants, will create more than 85 jobs in Rowan County. Chick-fil-A Supply will invest $58.3 million to open a new distribution center in the City of Kannapolis. “Chick-fil-A’s expansion is good for Kannapolis along with Rowan and surrounding counties,”…

The U.S. Small Business Administration (SBA) has awarded North Carolina a $900,000 State Trade Expansion Program (STEP) grant to help small businesses across the state increase their access to and reach in global markets. The STEP program provides financial awards to states and U.S. territories to assist small businesses in exporting, such as travel costs…