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Economic Development
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VinFast downsizes planned EV factory in Chatham County as construction hits a snag
Vietnamese electric vehicle maker VinFast has scaled down the size of its manufacturing plant in Moncure by 20%.
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Fujifilm Diosynth to create 680 jobs, invest additional $1.2B in Holly Springs
Officials with the North Carolina Department of Commerce described the project Thursday during a special meeting of the department’s Economic Investment Committee.
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Fujifilm unit to announce $1B NC expansion ahead of Japanese prime minister’s visit
Fujifilm Diosynth Biotechnologies is planning to add more than 600 jobs as part of a $1 billion expansion in North Carolina, people familiar with the plans told WRAL.
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Wolfspeed CEO talks future of electric car, what company will bring to Chatham County
Semiconductor chip maker Wolfspeed celebrated the final steel beam going up for its new factory on...
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Construction on Chatham Wolfspeed plant humming along as final steel beam put in place
Semiconductor chip-maker Wolfspeed is moving at lightning speed to get this massive new factory in...
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Maker of pet treats will invest $85 million in Nash County
Nash County Economic Development Director Andy Hagy said that so far this year, $745 million in capital investment has come from local expansions and new businesses in Nash County.
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Site selection expert raves about Wilmington’s advantages
Veteran site-selection consultant John Boyd concluded that Wilmington was the lowest-cost site for a new office on the East Coast, while Franklin, Tennessee, was the best central U.S. location.
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Japan-based Kyowa Kirin to invest $200 million for new pharma manufacturing complex in Sanford
Kyowa Kirin North America (KKNA) expects to create 102 new jobs and will invest $200 million in Sanford.
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Work-from-home contributing to canceled NC economic development deals
The state terminated economic incentives deals with three companies Tuesday. Two of them cited remote work arrangements as a factor.
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