News

September 20, 2018

Reich LLC plans $10.9M investment into its Arden plant with 15 new jobs

Expanded production capacity from the company is projected to sustain $1.8 million in annual labor income from “new direct, indirect and induced jobs,” according to a joint news release by the Asheville Area Chamber of Commerce and the Economic Development Coalition for Asheville-Buncombe County. The organizations said the investment also…

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September 20, 2018

High Point Council Working to Bring Pharma Jobs

The expansion would entail the creation of 78 jobs from 2019 to 2022. The positions would pay annual wages of $78,438, on average. Most of the positions would be chemists and engineers working in research and development on clinical-trial testing of new drugs. “The positions they would hire for are…

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September 20, 2018

Mount Olive begins knocking down eyesores

Another residential eyesore in town has been taken down. The latest removal was a structure at 110 Pollock Street, and Mayor Joe Scott said the clean-up effort is far from over. “We are going to piece by piece get rid of these structures that are nothing more than an eyesore…

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September 20, 2018

Lotus Bakeries gets approval for Mebane expansion

The proposed expansion brings Lotus’s real property investment in the North Carolina Commerce Park up to $32.1 million from its original projected investment of $19.2 million – an amended increase of $12.9 million. Lotus’s personal property investment is increasing from $36.1 million to $40.6 million – an increase of $4.5…

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September 20, 2018

Middlesex formally receives $1.5M business park grant

Town commissioners announced Monday evening that Middlesex has received a grant award letter for the Rural Ready Sites Grant Fund, which will allow officials to complete the Middlesex Corporate Centre project. The grant, which totals $1,514,600, will be used along with a $1.2 million Golden Leaf Foundation grant a to…

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September 20, 2018

Asheville economy grew in 2017, outpacing national average

Asheville’s metropolitan area saw economic growth besting the national average in 2017, buoyed by gross domestic product gains across most industry sectors. The Asheville area saw its real GDP grow by 4.1 percent in 2017, the second highest percentage in the state behind the Hickory-Lenoir-Morganton area, data released Tuesday…

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September 20, 2018

Baby Boom: Moore Regional Sets New Record for Deliveries

A quick shopping excursion to a neighborhood grocer or drive around the block will clear up what county and municipal leaders have been highly focused on of late: the traditional economic base of affluent retirees are still moving in, and so are a lot more families. Five years ago, Moore…

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September 12, 2018

Stanly’s economy gains strength

Scott Efird, director of planning for Locust, said most of the city’s new home construction is developing slowly and methodically. Consequently, building permits in Locust will likely be less this year than last, but with a significant spike coming in the near future. “I believe we are setting ourselves up…

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September 12, 2018

New corporate park off I-85 at Poplar Tent, $9.9 million investment

Cabarrus Economic Development is excited to announce a new industrial development in Concord. Fortius Capital Partners plans to construct Meadows Corporate Park, which will comprise two multi-tenant, industrial buildings fronting I-85 near Poplar Tent Road. Through its affiliate, Fortius-Richardson, LLC, the company will deliver approximately $9.9 million in new tax…

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September 12, 2018

Banners welcome Wilson visitors

After months of behind-the-scenes design work, historic downtown Wilson debuted new banners recently that exemplify the area’s tagline: Crossroads of charm and innovation. “More than anything, the banners serve a purpose,” said Susan Kellum, downtown marketing and communications coordinator. “They are not just pretty banners. They also help visitors find…

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