Press Releases

Today Governor Josh Stein announced VectorTex USA, LLC, a product developer and technology company, will create 44 new jobs in Bladen County. The company will invest more than $6 million to establish its first North American manufacturing facility in Elizabethtown.  

Today, Governor Josh Stein announced intelligent power management company Eaton will add 30 jobs in Nash County by expanding its aerospace components manufacturing facility with a $6.8 million investment in the Town of Middlesex.“I am delighted to announce Eaton’s recommitment to North Carolina,” said Governor Josh Stein. “This additional investment strengthens our position as a national leader in aerospace manufacturing. The aerospace supply chain gets continues to thrive here in the first in flight state, making us also the future of flight.”

Governor Josh Stein today announced that Novartis, a global leader in the development and manufacturing of innovative medicines, will expand its pharmaceutical manufacturing operations in North Carolina. The company says it expects to create 700 new jobs by the end of 2030 in Durham and Wake counties, while investing $771 million in the City of Durham and Town of Morrisville. 

Aspida Financial Services, a life insurance and annuity group, will begin a phased expansion of their global headquarters, adding 1,000 new jobs in Durham County over the next several years. The company will invest more than $28 million in the City of Durham.“Aspida’s decision to scale its headquarters in Durham reflects the strength of our state’s talent pipeline and the collaborative spirit of our economic development partners,” said North Carolina Commerce Secretary Lee Lilley. “We look forward to supporting the growth of other home-grown North Carolina companies.”

Today, Governor Josh Stein announced that global integrated logistics company Maersk has selected Charlotte for its official North American headquarters. Maersk will add 520 jobs to its current Charlotte-based workforce over the next several years, ultimately bringing its Charlotte workforce to more than 1,300. The company will invest $16 million in Mecklenburg County in the process.

Today Governor Josh Stein announced Vulcan Elements Inc., a manufacturer of rare earth magnets, will invest $918.1 million in the town of Benson to expand its magnet production capacity and establish the largest magnet factory in the world outside of China. The company will add 1,000 new jobs to Johnston County.

Today Governor Josh Stein announced that Fit Precast, an industrial concrete product manufacturer, will create 125 new jobs in Gaston County. The company says it will invest $102 million to build its headquarters and concrete pipe production facility in Gastonia.

Today Governor Josh Stein and NC Department of Commerce Secretary Lee Lilley visited a completed home rehabilitation project in Fairview to highlight Renew NC’s work to repair and rebuild homes damaged by Hurricane Helene.

Today Governor Josh Stein joined Toyota leaders and local officials to celebrate the opening of Toyota’s first battery plant in North America. This $13.9 billion investment in Liberty is creating more than 5,100 jobs in Randolph County.“Today we celebrate historic progress as Toyota scales battery production right here in North Carolina,” said Governor Josh Stein. “This groundbreaking investment will create more than 5,000 new jobs for North Carolinians and will strengthen our clean energy economy.”  

Today Governor Josh Stein announced Scout Motors Inc., an automotive manufacturer, will create 1,200 jobs in Mecklenburg County. The project will invest more than $206.9 million to establish its corporate headquarters operation in the City of Charlotte.