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News & Events

NEWS & EVENTS

News

05/23/2017

Austrian Automotive Plastics Manufacturer Building Plant in Alexander County

Borealis Compounds, a supplier of plastic materials to the automotive industry, will locate a new $15 million production facility in Alexander County, create 37 new jobs in Taylorsville. Borealis AG, with global headquarters in Vienna, Austria, serves a variety of industries, including automotive, energy and consumer products sectors. The company’s applications in the automotive industry…
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05/19/2017

Q&A Focuses on Cutting-Edge Poultry Plant Bringing 1,100 Jobs to Robeson County

In North Carolina economic development circles, there’s only one moment more exciting than announcing a deal that will bring a new plant to a rural county. It’s when the plant opens and begins hiring – especially if more than 1,000 new jobs are involved. The May issue of The National Provisioner, the meat, poultry and seafood…
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05/18/2017

Magazine Recognizes CSX Terminal for its Promise to the Economy of Eastern N.C.

Most every economic development project is good news for the town, city or county where it locates. But few are potentially transformational for a broad swath of a state. That’s why the massive CSX intermodal rail terminal, slated to open in late 2019 in Rocky Mount in Edgecombe County, is one of the 15 projects nationwide…
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05/11/2017

Insider Interview: Why Citrix Chose Raleigh for a 400-Job Expansion

Citrix Systems, the software company that sparked a Raleigh warehouse district renaissance when it located there in 2014, says it’s the Triangle region’s rich talent pool that persuaded the company last year to choose Raleigh over four cities outside North Carolina for a 400-job expansion. A podcast interview tells the inside story of how Raleigh…
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05/09/2017

AXA Insurer’s $18M Expansion Will Add 550 Jobs and Nearly Double Charlotte Workforce

AXA, one of the largest insurance companies in the U.S., is expanding its Charlotte operations center and will add 550 new jobs there over the next five years. The Paris-based company, which currently employs 575 people in Charlotte, plans to invest $18 million to expand its offices in University City’s Innovation Park, making it AXA’s largest U.S….
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05/09/2017

Survey of 500-plus CEOs Ranks North Carolina No. 3 State for Business

North Carolina ranks as the No. 3 state for business for the second straight year in Chief Executive magazine’s 2017 Best & Worst States for Business survey. The state has consistently ranked among the leaders since the first annual survey 13 years ago—in part because CEOs view North Carolina as a state with one of the…
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05/09/2017

Credit Suisse’s $70.5M Expansion Will Create 1,200 New Jobs at Research Triangle Park

Credit Suisse will invest $70.5 million to expand its Research Triangle Park operations, creating 1,200 new high-paying jobs in North Carolina over the next several years. The 1,200-job expansion is one of the state’s 10 largest economic development projects in a decade, Gov. Roy Cooper said at a news conference today. Credit Suisse, one of…
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05/08/2017

North Carolina Tourism Generates Record Employment and Visitor Spending in 2016

North Carolina tourism generated record visitor spending in 2016 with a total of $22.9 billion, a 4.3 percent increase from 2015. Additionally, tourism industry-supported employment topped 218,000 jobs to set another record for the state. “Nearly 50 million people from across the United States visited North Carolina destinations last year,” state Commerce Secretary Anthony M….
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05/05/2017

WalletHub Ranks Charlotte and Durham Top 10 Startup Cities

Looking for a great place to launch your startup? Durham and Charlotte are among the Top 10 large cities to start a business in the U.S., according to the personal finance website WalletHub. WalletHub recently released its list scoring 150 of the most populated U.S. cities in the categories of overall business environment, access to…
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05/05/2017

North Carolina Beats Out Texas, Holds on to No. 1 Competitiveness Ranking

Sometimes sharing isn’t the right thing to do — especially when the prize is recognition as the state with the best economic development performance in a single year. For the third straight year, North Carolina ranks first in the nation in a closely watched annual business ranking by Site Selection magazine.  But this year, North Carolina isn’t…
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05/04/2017

State of Innovation: An Overview of Startup & Venture Capital Activity in North Carolina

In the last decade, the startup space has changed drastically. More recent trends–a burst of venture funding activity, rising startup valuations and slowed exits–have brought about a sense of trepidation: Are we in a bubble? What will happen to these over-valued startups? What does this mean for the future? According to analysis from PitchBook and…
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05/03/2017

The Right Ingredients: North Carolina’s Food & Beverage Industry

Growing up in eastern North Carolina, agriculture was always part of the landscape. My grandparents’ small farm melded into a patchwork of acres filled with tobacco, sweet potatoes, and soybeans.  Summers rooting azaleas and picking blueberries with my grandfather on the same land that sustained my family for the previous two generations gave me a…
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