North Carolina

Tax Incentives

Winston-Salem to join Forsyth County in considering incentives for produce distributor

The city of Winston-Salem will join Forsyth County in considering incentives for a produce wholesaler and distributor considering bringing 300 jobs to

Finance

Powell says ‘time has come’ for rate cuts. These NC bankers are ready.

Federal Reserve Chairman Jerome Powell said Friday “the time has come” for rate cuts. And several North Carolina bankers say they are ready.

Site Selection

NC Selectsite Readiness Program | Proposed Guidelines | Phase 1

North Carolina has enjoyed considerable success in recent years in recruiting large economic development projects. With this success, the State has also

Aerospace

North Carolina’s “first in flight” legacy grows with over 200 aerospace and aviation operations here

Some industry execs grumble when related companies launch operations nearby and begin competing for the same labor pool. Not Bill Collins, president

Healthcare

Japanese firm Nipro to create 232 jobs in Eastern NC with $400M investment

A Japanese company that manufactures medical equipment is looking to invest hundreds of millions of dollars in a new factory that would

Construction

Triangle general contractors hit high-water mark for billings

General contracting is still big business in the Triangle. The largest general contracting firms in the Triangle saw a collective rise in gross billings

Commercial Real Estate

Charlotte’s office vacancy rate hits ‘historic high’ as new construction dries up

Charlotte’s overall office vacancy hit an all-time high in the second quarter of 2024. A report released this month by commercial real

Healthcare

Med tech company to add 50 jobs, spend $65 million in Durham, N.C.

A California-based medical technology company plans to spend $65 million and add more than 50 jobs to its operations in Durham. The

Relocations

Hanesbrands will reduce space by 75%, cut HQ operating cost by half in relocating to downtown Winston-Salem

Hanesbrands Inc.’s recent announcement of the relocation of its headquarters will be a major downsize in both footprint and operating cost, according to

Biotech

This NC region is a hub for fast-growing tech and science startups

Wake Forest Innovation Quarter is fertile ground for life sciences and other tech-oriented start-ups. The more than 240-acre complex grew from Wake

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