News
Cabinet manufacturer slashes jobs at Kinston location
MasterBrand Cabinets LLC announced it plans to shut its value semi-custom cabinet operations at the Collier-Loftin Road facility, causing them to lay off 400 employees.
News
Prysmian plans $1B expansion in Catawba County, promises 385 jobs
Prysmian expansion in Catawba County to be partially funded by One North Carolina Fund grant.
News
$600M STERIS investment promises 335 jobs to Sanford, with state aid
STERIS to invest to bring manufacturing facility to Sanford partially funded by JDIG.
News
Chatham County to terminate $400M VinFast agreement
The Chatham County Board of Commissioners voted on Monday to terminate its $400 million economic development agreement between the county and Vietnamese electric vehicle manufacturer VinFast, dealing another blow to the ill-fated project in Moncure.
News
JetZero breaks ground on Greensboro factory
Greensboro will be the home of the first JetZero manufacturing facility amid recent announcements of hiring delays.
News
JetZero delays hiring timeline amid budget holdup
Another JDIG project has pushed back its hiring timeline, with officials stating that state budget delays are the reason.
News
Stein Announces $100M investment in BorgWarner
The expansion is being partially funded by a Job Development Investment Grant (JDIG) awarded to BorgWarner Industrial Solutions LLC, which was approved by the North Carolina Department of Commerce’s Economic Investment Committee
Opinion
Broken clocks and corporate tax incentives
As data centers multiply and the debate about their unique demands on power and other resources develops, communities are rightly pausing to ask whether such incentives make sense.
News
NC sues to reclaim failed VinFast factory site
North Carolina is suing VinFast, the Vietnamese electric vehicle manufacturer for a breach of agreements with the state for a planned EV factory in Moncure, Chatham County.
News
JDIG funds pharmaceutical manufacturer in Durham
An Illinois-based pharmaceutical manufacturer plans to invest $1.4 billion in Durham County.
News
NC rural grants total $1.6M, promise 215 new jobs
The NC Rural Infrastructure Authority has approved seven grant requests under the Building Reuse Program. These seven grants fall into two categories: the Vacant Building Category and the Existing Business Building Category.
News
TSEA Energy to establish first US manufacturing facility in NC
A $300,000 performance-based grant will be awarded to the company to assist in relocating from the OneNC Fund. In order to receive the grant payment, TSEA Energy must create 106 jobs and invest $17 million.
