The North Carolina Rural Infrastructure Authority (RIA) has approved 15 grant requests to local governments totaling $4,278,230. These grants are for projects that have committed to creating 526 jobs and will attract more than $200.9 million in private investment. Of the 526 jobs, 324 have already been announced. The Rural Infrastructure Authority is a 17-member board that…

Asbury Graphite of North Carolina, will create 22 new jobs in Robeson County and will invest $16.9 million as part of a capacity expansion project at its Lumberton operation.   “Asbury Graphite is yet another company that sees the value of doing business in our state,” said Governor Cooper. “When they could expand anywhere in…

NVR, Inc., a Virginia-based leading homebuilder, will expand current operations in Kings Mountain and build a new facility in Fayetteville, North Carolina, investing over $33.9 million dollars in this project and creating 261 new jobs in Cleveland and Cumberland Counties. NVR, Inc. is a Fortune 500 company that constructs homes in 15 states for Ryan…

Third-party logistics provider, Port City Logistics, will create 75 new jobs in New Hanover County. The company will invest $16 million to construct a high velocity transload facility in Wilmington. “We are delighted to welcome Port City Logistics to New Hanover County, North Carolina,” said Governor Cooper. “When companies are ready to connect with global…

Forza X1, an electric-powered boat and motor manufacturer, will build a new manufacturing facility in Marion, located in McDowell County, investing $10.5 million into the project and creating 170 jobs. The average annual wage for employees will be $51,047, which is higher than $39,071, the average wage for McDowell County. The county will see an…

Pisgah Laboratories, Inc., a pharmaceutical manufacturer, will add 57 new jobs in Transylvania County. The company will invest $55 million to expand its manufacturing product line. “North Carolina’s life science industry is expanding all over our state including rural areas like Transylvania County with the growth of Pisgah Laboratories,” said Governor Cooper. “When North Carolina…

North Carolina Governor Roy Cooper and United Kingdom of Great Britain and Northern Ireland Minister for International Trade Penny Mordaunt have signed a Memorandum of Understanding on Cooperation and Trade Relations to strengthen economic ties and transition to a clean energy economy. “With this memorandum, we will deepen economic and cultural ties with the United Kingdom to…

North Carolina has been named the Best Business Climate in the nation by Business Facilities magazine, with Virginia, Utah, Texas and Tennessee in second through fifth place. The magazine’s complete 2022 Annual Rankings Report will be published in a future issue. North Carolina is no stranger to Business Facilities’ rankings, which are in its 18th…

Leaders from public and private universities, businesses, nonprofits, trade associations and state government have joined forces to bring the new Advanced Research Projects Agency for Health headquarters to North Carolina. ARPA-H recently received $1 billion in inaugural funding from Congress to improve the U.S. government’s ability to speed biomedical and health research to prevent, detect…

CNBC has named North Carolina as America’s Top State for Business in 2022. This morning, Governor Roy Cooper joined CNBC’s Scott Cohn at the Oceanic at the Crystal Pier in Wrightsville Beach for a live broadcast where the winner was revealed. “North Carolina is the best place in America to do business and the main reason is our people,”…

Merchants Distributors, LLC (MDI), a wholesale grocery distributor founded in Hickory in 1931 will invest $35 million in a new expansion of its services and operations, creating 125 jobs. The company anticipates adding approximately 250,000 square feet to its perishable capacity at its Caldwell County facilities. “Businesses that call North Carolina home continue to thrive here,”…

Five new television and film projects are approved to receive North Carolina Film and Entertainment Grant funds, Governor Roy Cooper announced today. Combined, these projects are expected to produce direct in-state spending of $107 million while creating more than 4,900 job opportunities in the state.   “We’ve worked tirelessly to get the film industry going…