The North Carolina Rural Infrastructure Authority (RIA) has approved five grant requests to local governments totaling $1,384,730. These grants are for projects that have committed to creating 133 jobs and will attract more than $68.3 million in private investment. The Rural Infrastructure Authority is a 17-member board that awards Rural, Community Development Block Grant (CDBG), and Utility…

Deere & Company and Kreisel Electric GMBH, an Austrian lithium-ion battery systems manufacturer, have announced the companies will invest $69.9 million and create 50 new jobs to develop and produce hybrid and electric off-road equipment at a site adjacent to Deere & Company’s Kernersville, North Carolina, manufacturing facility. This partnership will create the North American…

CommScope, a global leader in telecommunications and network connectivity, has announced it will invest $60.3 million to expand its fiber-optic cable manufacturing operations in Catawba County, creating 250 new jobs. The expansion will upgrade CommScope’s current facilities to increase the company’s capacity to produce fiber optic cable. “With America’s top workforce, accessible transportation networks and…

Honda Aircraft Company, maker of the renowned HondaJet light aircraft, will develop and produce a longer-range version of the plane at its Greensboro facilities, creating 280 jobs.  The company will invest $55.7 million in Guilford County for production of its new HondaJet 2600 model, bringing its total investment in the state to over $335 million….

TTX Company, a major provider of railcars and related freight car management services to the North American rail industry, will move its headquarters to Charlotte, creating 150 jobs.  The company will invest $14.5 million in Mecklenburg County. “Designated as the number one state in the nation do to business for the second year in a…

CNBC has named North Carolina as America’s Top State for Business in 2023 for the second year in a row. This morning, Governor Roy Cooper joined CNBC’s Scott Cohn at the Biltmore Estate in Asheville for a live broadcast where the winner was revealed. “When we invest in our people, we invest in the foundation…

North Carolina has received Area Development magazine’s 2023 Platinum Shovel Award which recognizes states that went above and beyond the gold standard for investment and job creation. This is the second year in a row the state has received this honor, sharing the inaugural award in 2022 with Tennessee. North Carolina is the only state…

The North Carolina Rural Infrastructure Authority (RIA) has approved 11 grant requests to local governments totaling $4,478,850. These grants are for projects that have committed to creating 383 jobs and will attract more than $91 million in private investment. The Rural Infrastructure Authority is a 17-member board that awards Rural, Community Development Block Grant (CDBG), and Utility…

ProKidney Corp., a late clinical-stage cellular therapeutics company focused on chronic kidney disease (CKD), has announced it will invest $458 million to build a new biomanufacturing facility in Greensboro, North Carolina, creating 330 new jobs in Guilford County. The manufacturing facility will allow the company to commercialize its cell therapy. “We are thrilled that a…

The Economic Development Partnership of North Carolina (EDPNC) has received Business Facilities magazine’s inaugural 2023 Economic Development Organization award in the State Economic Development Organization category. North Carolina is one of four state groups receiving the distinction, which honors organizations for their hard work and dedication in securing record-breaking economic development projects and creating new…

Auction Direct USA, an operator of a network of used vehicle superstores, will expand its operations in North Carolina by locating a new high-volume vehicle reconditioning facility in Granville County, creating 173 jobs. The company will invest $2.9 million in Oxford. “North Carolina’s momentum in creating great jobs continues with Auction Direct’s decision to invest in…

Bosch, a leading global supplier of technology and services, has announced it will invest $130 million to expand its power tools manufacturing facility in Lincolnton, North Carolina, creating 400 new jobs in Lincoln County. The expansion will allow Bosch to manufacture more tools such as circular and reciprocal saw blades to meet increasing consumer demand….