Press Releases

The North Carolina Rural Infrastructure Authority (RIA) approved seven grant requests totaling $1,296,030, N.C. Commerce Secretary Anthony M. Copeland announced today. The requests include commitments to create a total of 153 jobs, 80 of which were previously announced. The public investment in these projects will attract just over $32.7 million in private investment. 

Record visitor spending in 2017 was reflected with visitor spending increases in all 100 counties, N.C. Secretary of Commerce Anthony M. Copeland announced today. Visitor spending reached nearly $5.4 billion in Mecklenburg, $2.3 billion in Wake, $1.4 billion in Guilford and $1.1 in Buncombe and Dare counties. Rounding out the top 10 counties for visitor spending were Forsyth ($898 million), Durham ($814 million), New Hanover ($578 million), Brunswick ($563 million) and Cumberland ($542 million).

Arch Capital Group Ltd. (ACGL), a globally diversified financial services group providing insurance, reinsurance and mortgage insurance, will open an operational hub in Raleigh and create 365 new jobs over four years, Governor Roy Cooper announced today. The company will invest $12.9 million in North Carolina by the end of 2019.

Sensus USA, Inc., a provider of advanced metering technologies to utilities and municipalities, will expand its current operations in Durham County, creating 301 new jobs over five years, Governor Roy Cooper announced today. The company will invest $4 million in North Carolina by the end of 2019.

The North Carolina Department of Commerce approved 10 grant requests totaling more than $14 million through the Rural ReadySites program, Commerce Secretary Anthony M. Copeland announced today. 

The North Carolina Rural Infrastructure Authority (RIA) approved 23 grant requests totaling $17,021,540, N.C. Commerce Secretary Anthony M. Copeland announced today. The requests include commitments to create a total of 425 jobs, 186 of which were previously announced. The public investment in these projects will attract $117.6 million in private investment. 

North Carolina has received Area Development magazine’s 2018 Gold Shovel Award, recognizing the state’s success in winning high-impact economic development projects last year. In 2017, North Carolina experienced one of its best years for new job recruitment in over a decade. The state is one of only five receiving a 2018 Gold Shovel Award. Area Development magazine, which covers site selection and facility planning, considers a state’s top 10 job creation and investment projects when granting the award.

AveXis, Inc., a clinical-stage gene therapy company developing treatments for rare and life-threatening neurological diseases, will locate a new manufacturing center in Durham County creating 200 jobs, Governor Roy Cooper announced today. The company is expected to invest approximately $55 million in the facility to produce potentially breakthrough therapies to address rare neurological genetic diseases.

The Unites States Treasury certified 252 areas in the state as official North Carolina Opportunity Zones on May 18, potentially opening a new source of investment capital for regions of the state that need it the most.  In April, the state recommended all of these areas for federal consideration and with last Friday’s decision, Treasury officially declares these low-income census tracts can participate in the investment program.

Amada North America, Inc., a manufacturer of precision sheet metal fabricating equipment, will develop a new product line in Guilford County creating 201 new jobs over the next five years, Governor Roy Cooper announced today. Amada will invest $87 million in a facility in High Point that will manufacture and assemble a line of high-precision press break bending equipment for the U.S. market.