As a business leader, or employer of any type in North Carolina, you’re facing new challenges from the COVID-19 pandemic. EDPNC is here to help you navigate these unique economic challenges in the days ahead.

News & Events

NEWS & EVENTS

News

02/28/2017

Analysis Finds North Carolina Still Levies Lowest Corporate Income Tax Rate

North Carolina’s 3 percent corporate income tax rate still ranks as the lowest of any state levying the business tax, according to a Tax Foundation analysis. This week the foundation, an independent nonprofit tax policy organization based in Washington, D.C., released its State Corporate Income Tax Rates and Brackets for 2017. North Carolina cut its corporate…
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02/28/2017

Alevo to Expand Concord Plant Making Large-Scale Energy Storage Systems

Alevo is launching a major expansion at its facility in Cabarrus County, creating more than 200 jobs in North Carolina over the next five years. The company plans to invest $251 million at its production operations in Concord. “It’s exciting that a global company like Alevo chooses to manufacture its cutting-edge energy storage products right…
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02/21/2017

Case Study: EDPNC Helps NC Manufacturer Increase Sales in Latin America

Otto Environmental Systems North America, a leading manufacturer of plastic waste bins for residential and commercial use, has turned to the EDPNC in recent years for assistance in expanding its foreign markets in Latin America. Otto employs roughly 300 people in Charlotte, where it opened its North American headquarters in 1988. The company, which traces…
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02/21/2017

EDPNC and Partners Close More Deals in 2016

In 2016, the Economic Development Partnership of North Carolina (EDPNC) and its partners helped close deals on 139 business recruitment and expansion projects, a large increase over the 97 projects supported and announced in 2015. The projects announced in 2016 called for creating 14,944 new jobs and investing $3.8 billion in North Carolina over the next several…
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02/20/2017

Case Study: Grants Help Unifi Meet Demand for High-Tech Fibers Recycled from Plastic Bottles

Your favorite jacket may have had its start in a bale of plastic water bottles recycled into fiber by a North Carolina yarn maker. In addition to being made in an environmentally responsible way, that jacket could be highly water repellent and offer superior moisture-wicking and odor control. The domestic and global market for high-performance…
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02/20/2017

Corning’s Growth to Bring 410 New Jobs to North Carolina

Corning Incorporated and its subsidiary Corning Optical Communications plan to invest $176 million in facilities in Newton and Midland, North Carolina, creating 410 jobs over the next two years. Corning Optical plans to build a new $67 million optical cable manufacturing facility in Newton, creating 210 new jobs in Catawba County. The jobs will pay…
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02/20/2017

Case Study: Who Do You Call When Your Shipping Container is Stuck in Port?

What must a small North Carolina business navigate in order to ship a container of valuable technical textiles to China? Besides more than 6,000 nautical miles of ocean? Paperwork. In February 2016, Scott Hay, owner of Mooresville-based Davy Textiles, called the Business Link North Carolina (BLNC) toll-free line seeking more than the typical guidance on how…
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02/20/2017

Productions including “Good Behavior” Receive Film Grants

The second season of the TNT series “Good Behavior,” the independent film “American Animals” and a national Audi commercial are receiving state grants to support their filming in North Carolina. Combined, the three projects awarded North Carolina Film and Entertainment Grants are expected to generate a direct in-state spending of approximately $46.2 million. The productions will…
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02/20/2017

Trade Team Assists Companies with Export Issues

Helping more companies enter and navigate export markets is more important than ever, because slowed economic growth globally and the strengthening U.S. dollar may continue to have a negative impact on exports nationwide in 2017. In 2016, the EDPNC’s international trade team helped more North Carolina companies enter foreign markets and increase their income from…
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02/15/2017

Case Study: EDPNC Helps Power Cord Maker Access Overseas Market

In 2013, Stay Online Corp. attended its first international trade show outside the U.S., just as it was beginning to explore overseas markets for its products. What a difference three years makes. The end assembly manufacturer of power cords, plug adapters and other power connectivity products has attended many more trade events, increased its exports…
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02/14/2017

Case Study: Why CSX Chose North Carolina for the World’s Most Technologically Advanced Rail Terminal

Local and state officials are calling CSX’s decision to build a massive intermodal rail terminal in Rocky Mount a “game changer” because it is expected to attract manufacturers and distribution centers to Eastern North Carolina while stimulating more shipping at the Port of Wilmington. Building the facility is expected to create roughly 250 to 300…
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02/10/2017

North Carolina Positioned to Rise to the Top of the Data Economy

Collaboration, proactive branding, and a focus on data science education and talent development will propel North Carolina to the top of the data economy, according to a new report published today by the North Carolina Board of Science, Technology & Innovation (BSTI). “North Carolina has significant assets to steam ahead in the data economy: marquee…
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