Topics Related to Business

New Survey Confirms Importance and Future Potential of the Carolina’s Energy Economy

North and South Carolina’s energy sector and the assets that support it are strong contributors to the region’s economy that could benefit from greater stakeholder collaboration and a shared vision for future innovation, according to the results of a new survey published today by the North Carolina Department of Commerce and E4 Carolinas, a trade association for energy companies and organizations.

Payment Tech Company to Expand in Forsyth County

The Clearing House Payments Company, LLC, a financial payments company, will expand in Winston-Salem creating 50 new jobs, Governor Roy Cooper announced today. The company will invest $24.6 million in this expansion.

“The financial services industry continues to thrive in North Carolina, and we have some of the top talent in the nation thanks to our strong colleges and universities,” said Governor Roy Cooper. “The Clearing House knows the quality of our workforce first hand, and I welcome the new opportunities this expansion will bring.”

Israeli Manufacturer to Add 302 New Jobs in Rockingham County Expansion

Albaad USA, Inc., a multinational manufacturer of wet wipes and other hygiene products will expand its U.S. operations in Reidsville, creating 302 jobs, Governor Roy Cooper announced today. The company will invest $45 million to produce additional lines of personal care products in Rockingham County.

Governor Cooper Announces LabCorp Will Create 422 New Jobs in Durham County

LabCorp®  (NYSE: LH), the global life sciences company known for its world-class clinical laboratory and drug development services, will locate a new operations center in Durham County, creating 422 jobs, Governor Roy Cooper announced today. The company will invest $30 million in a Durham facility on the Parmer RTP campus. In addition to the new positions that will be added over time, the facility will house existing information technology staff, along with personnel from its drug development business, who currently occupy several locations in Durham and Wake counties.

Pharma Packaging Manufacturer Chooses Wilson for New North American Headquarters and First US Plant

Neopac US, Inc., a global manufacturer of primary packaging for the pharmaceutical and cosmetics industries, chose Wilson County for its first U.S. manufacturing plant and new North American headquarters, creating up to 44 new jobs and investing more than $30.8 million, Governor Roy Cooper announced today. The company will build a new high-tech facility for high barrier Polyfoil® tube production at the Wilson Corporate Park and will work with the local government and education system to train new employees.

Manufacturer to Expand in Rowan County

New York Air Brake, LLC (NYAB), a global manufacturer of innovative train control systems for the railroad industry, will increase its presence in North Carolina, Governor Roy Cooper announced today. To further boost its operations on the East Coast as well as its manufacturing operations in Rowan County, the company expects to create up to 100 jobs and invest nearly $9 million in its operations facilities in Salisbury to address growing customer demand.
 

Governor Cooper Announces 367 New Jobs in Iredell County

Corvid Technologies LLC, which provides physics-based engineering solutions for the defense, automotive, aircraft, and biomedical industries, will locate its headquarters in Iredell County, creating 367 new jobs, Governor Roy Cooper announced today. The company will invest $28.9 million in Mooresville.

Comment Period Extended to Recommend Communities for Investment

The comment period has been extended for local communities to recommend areas for new federal legislation that could bring investment to economic development where it is most needed. These areas will be designated as North Carolina Opportunity Zones, and communities can submit comments and recommendations to the North Carolina Department of Commerce until Tuesday, March 27. 

This new tool for community and economic development is designed to provide tax incentives to qualified investors when they reinvest unrealized capital gains into low-income communities.

Governor Cooper Announces 146 New Jobs in Western North Carolina at GE Aviation

Expansion in Buncombe and Ashe Counties Brings an Investment of More than $100 Million

Governor Cooper Announces 305 New Jobs in Granville County

Innovative sushi rice producer RiceWrap Foods to scale up operations with $9.9 million investment in Butner