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Topics Related to Business
DEHN Inc., an international electrical engineering and manufacturing company, has selected Iredell County as the location for its new United States headquarters operation, creating 195 jobs, Governor Roy Cooper announced today. The company will invest $38.6 million into the project, which will bring production, research, and training capabilities to the headquarters site, which will be located in Mooresville.
Lynddahl Telecom America Inc. (LTA), a duct solutions company for fiber optics installations, will create 54 new jobs in Gaston County, Governor Cooper announced today. The company will invest more than $5.6 million over the next three years to establish its first North American plastic extrusion production site in Belmont.
North Carolina’s multi-year strategic economic development plan enters its next stage of implementation today with the creation of a new position in the North Carolina Department of Commerce devoted to addressing the insufficient supply of high quality and affordable child care in North Carolina.
This year, Governor Roy Cooper announced 14,114 new jobs in North Carolina, representing 134 business recruitment, expansion, or rural development projects that engaged with the North Carolina Department of Commerce or its team at the Economic Development Partnership of North Carolina. These projects will bring $12.9 billion of capital investment into the state, led by companies engaged in clean energy industries that are transforming the state’s economy.
DMA Industries, LLC, a supplier of aftermarket automotive and heavy duty replacement parts, will expand and modernize its distribution operations in Columbus County, creating 21 jobs, Governor Roy Cooper announced today. The company will invest $1.27 million in its warehouse and distribution facility in Tabor City.
Today, Governor Cooper announced that Millwork & Panel LLC, a residential siding manufacturer, will create 48 new jobs in Catawba County. The company will invest more than $14.3 million over the next three years to expand its vinyl siding operations in the City of Claremont.
Secretary Machelle Baker Sanders of the North Carolina Department of Commerce sent a letter to the North Carolina Congressional delegation on Monday calling for deferment of the Internal Revenue Code Section 174's amortization requirement concerning research and experimentation expenditures.
Dai Nippon Printing Co., Ltd. (DNP), a lithium-ion battery pouch manufacturer, will create 352 new jobs in Davidson County, Governor Roy Cooper announced today. The company will invest $233 million to build its first U.S. advanced manufacturing facility in the City of Linwood.Governor Cooper met with DNP Executives on his economic development trip to Tokyo in October. The Governor discussed the growing clean energy sector in North Carolina and encouraged DNP to choose Davidson County.
Forge Nano, Inc., a leading materials science company that enables peak performance products through atomic-level surface engineering, intends to launch a new lithium-ion battery business, called Forge Battery, in Wake County, Governor Roy Cooper announced today. The company and its investors plan for an initial investment of more than $165 million to build a lithium-ion battery manufacturing plant in Morrisville bringing hundreds of high-paying clean energy jobs to the state. Forge Battery expects the facility to be operational in 2026.
Toyota has announced plans to invest an additional $8 billion in its electric battery manufacturing site in Randolph County, including hiring another 3,000 employees. This historic announcement comes on the heels of Governor Cooper’s meeting with Toyota President Koji Sato during the SEUS/Japan Conference in Tokyo earlier this month. Toyota’s total investment in the Randolph County site will now total $13.9 billion and more than 5,000 jobs.