News & Events

NEWS & EVENTS

News

EDPNC
07/29/2022

Electric-Powered Boat and Motor Manufacturer to Make $10.5M Investment in McDowell County

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…
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EDPNC
07/25/2022

Pharmaceutical Company to Invest $55 Million in Transylvania County Expansion

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…
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EDPNC
07/20/2022

NORTH CAROLINA AND UNITED KINGDOM SIGN AGREEMENT TO STRENGTHEN ECONOMIC TIES AND TRANSITION TO A CLEAN ENERGY ECONOMY

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…
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EDPNC
07/15/2022

Business Facilities Magazine Names North Carolina Best Business Climate in the Nation

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…
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EDPNC
07/14/2022

North Carolina Unified in Attracting New ARPA-H Headquarters to the State

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…
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EDPNC
07/13/2022

CNBC Names North Carolina as America’s Top State for Business in 2022

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,”…
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EDPNC
07/12/2022

Merchants Distributors Announces 125 New Jobs for New Expansion in Hickory

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,”…
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EDPNC
07/07/2022

FIVE NEW PROJECTS APPROVED FOR NC FILM & ENTERTAINMENT GRANTS

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…
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EDPNC
06/16/2022

RURAL COMMUNITIES AWARDED AMERICAN RESCUE PLAN TRANSFORMATION GRANTS TO BOOST LOCAL ECONOMIES

Governor Roy Cooper announced that 30 local governments in rural areas across the state have been awarded grants from the Rural Transformation Grant Fund, a new source of support for rural economic development projects in North Carolina funded by the federal American Rescue Plan. A total of $20.1 million will be issued in this first…
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EDPNC
06/16/2022

RURAL INFRASTRUCTURE AUTHORITY APPROVES 16 GRANTS TO RURAL COMMUNITIES TO ATTRACT 335 NEW JOBS AND OVER $67 MILLION IN PRIVATE INVESTMENT

The North Carolina Rural Infrastructure Authority (RIA) has approved 16 grant requests to local governments totaling $3,938,829, Governor Roy Cooper announced today. The requests include commitments to create a total of 472 jobs, 137 of which were previously announced. The public investment in these projects will attract more than $67 million in private investment.     “With…
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EDPNC
06/16/2022

RESIDENTIAL CABINET MANUFACTURER SELECTS DUPLIN COUNTY FOR NEW OPERATION

Cabinet manufacturer Design Mode Cabinetry will create 139 new jobs in Duplin County, investing more than $13 million to establish a manufacturing facility in the Town of Warsaw. “Design Mode is another great win for eastern North Carolina,” said Governor Cooper. “Having the largest manufacturing workforce in the Southeast coupled with our premier quality of…
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EDPNC
06/06/2022

LOTUS BAKERIES TO INVEST $84 MILLION AND ADD 62 JOBS FOR A SECOND EXPANSION IN MEBANE

Snack food company, Lotus Bakeries, will create 62 new jobs in Alamance County. In a second expansion in a year, the company will invest more than $84 million to add a new production facility at its Mebane location. “The decision of Lotus Bakeries once again to expand operations in Alamance County shows that when businesses…
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