News & Media

2021 Together We Thrive: A Look at NC’s Robust Year

Shared by Iredell EDC on August 15, 2022 —

The past year has been a robust one for new location announcements as the Economic Development Partnership of North Carolina (EDPNC) and its partners reported closing deals on 174 corporate relocation and expansion projects that are expected to create 23,748* new jobs and $10.01 billion in capital investment in the State. Iredell County has benefited significantly from our Stronger Together mentality and approach to economic development, which was further emphasized in the Together We Thrive 2021 Annual Report by EDPNC–sharing the State’s record performance for new job and investment commitments. Collaboration between partners throughout the state working to attract and grow business, foster talent, and offer a great quality of life were cited as its key NC advantages.

On September 22, 2022, the Iredell EDC will host our Annual Meeting of stakeholders and will hear from EDPNC’s CEO Christopher Chung. He will share key factors driving NC’s success, as well as, trends EDPNC is seeing in terms of industrial development, industry clusters, and key focus areas of project activity within the State and Iredell County. Additionally, economic development professionals Caleb Moore, Regional Vice President of NorthPoint Development, of Kansas City, Missouri, and Kathleen Rose, CCIM, CRE, President & CEO of Rose & Associates Southeast, Inc., of Davidson, N.C., will deliver insight on strategic advantages to this area, community attributes that influence site selection decisions, as well as the analysis, planning, development and positioning of real estate and economic development projects throughout the eastern United States. Reach out to Lisa Taylor of the Iredell EDC, for further information about how your company can help us celebrate this amazing year through Sponsorship Opportunities.

A few highlights from the Business Facilities’ North Carolina: Broadening Horizons article:

“Our shared successes speak to North Carolina’s fundamental advantages—our strong workforce, thriving industries, and diversity of people and place—which appeal to both businesses and individuals seeking greener pastures in a post-pandemic world,” said Christopher Chung, Chief Executive Officer of the EDPNC. “Our annual report is just a snapshot of those successes, but it is a testament to the amazing growth and opportunity happening in our state.”

What’s to come in 2022: Sampling of Projects In 2022 to Date:

In January, Boom Supersonic announced it will manufacture its new Overture supersonic passenger aircraft at the Piedmont Triad International Airport (PTI) in North Carolina. Through 2030, the Overture Superfactory campus at PTI will bring an investment of more than $500 million and create 1,761 jobs with an average salary of $68,792.

The state has also approved an $87.3 million Jobs Development Investment Grant (JDIG) for the company, which will receive the grant funding only if it meets employment and investment goals set out by the state. Under the terms of the grant, the company will invest $500 million by 2030.

For the Full Article, click here.

Excerpt provided by Business Facilities on August 10, 2022 – From the May/June Issue