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Topics Related to Business
Today, Governor Josh Stein announced Chatsworth Products, Inc. (CPI), a manufacturer of IT equipment, will add 45 new jobs in Craven County. The company will invest $11 million to expand its facility in New Bern.“Our state’s ability to support manufacturing operations in all corners of the state will continue to grow our economy and ensure the benefits of that growth are more broadly shared across North Carolina,” said Governor Josh Stein. “Chatsworth Products is reinvesting in Craven County because North Carolina is a great home for business and our workforce is the best.”
Today, Governor Josh Stein announced a major expansion for Pennsylvania Transformer Technology, LLC (PTT), a domestic manufacturer of power and distribution transformers, to add 217 new jobs in Hoke County. The company will invest more than $102.5 million to expand its manufacturing footprint in the City of Raeford.
Today, Governor Josh Stein announced high-precision manufacturer Syntec Precision Technology Corporation will create 34 new jobs in Vance County. The company will invest $8 million to establish its first North American production and warehouse facility in the city of Henderson.
Today, Governor Josh Stein announced that Cold-Link Logistics, a cold storage management firm, will create 123 new jobs in Robeson County. The company will invest $85.5 million to build a cold storage warehouse in Lumberton.“North Carolina is consistently ranked as a top state to do business thanks to our skilled workforce, robust transportation infrastructure, and friendly business climate,” said Governor Josh Stein. “We are proud to welcome Cold-Link Logistics to our state and to partner with them to bring more jobs to Robeson County.”
Today in Boone, Governor Josh Stein joined Dogwood Health Trust to announce a $30 million small business grant program to support businesses impacted by Hurricane Helene and bolster economic recovery. Small businesses with an annual revenue of up to and including $2.5 million are eligible to apply for grants up to $50,000 from the Western North Carolina Small Business Initiative grant program.
The State of North Carolina announced 16,956 new jobs in the state in 2024, representing 218 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 N.C. in 2024. These projects will bring $15.2 billion of capital investment into the state.
Today, the North Carolina Department of Commerce announced the release of the NC Taskforce for Offshore Wind Economic Resource Strategies’ (NC TOWERS) final report to Governor Roy Cooper and the N.C. General Assembly.
Governor Cooper Announces First North American Manufacturing Facility for Lithuanian Furniture Maker
Today, Governor Roy Cooper announced SBA Home, a furniture manufacturer, will create 250 jobs in Davie County. The newly created company says it will invest more than $70 million to establish its first North American furniture production facility in the Town of Mocksville.
Today, Governor Roy Cooper announced that Custom Flavors, a California-based flavor developer and manufacturer, will create 30 jobs in Cabarrus County. The company will invest $6.5 million to establish an East Coast production facility in Concord."With a skilled workforce, world-class infrastructure and strong business environment, North Carolina has built a reputation as a manufacturing powerhouse,” Governor Cooper said. “The expansion of Custom Flavors to Cabarrus County further strengthens our position as a hub for cutting-edge food science and advanced manufacturing."
Today, Governor Roy Cooper announced that Cherokee Tobacco Company will create 39 new jobs and invest more than $14 million to build a new manufacturing and distribution operation in Caswell County.“Agriculture roots run deep in North Carolina as it remains our greatest economic driver,” said Governor Cooper. “Not only do we have a skilled workforce, we also have a great business climate and one of the largest manufacturing economies in the nation to support the global operations of growing companies and Caswell County fits the bill.”