The Chatham EDC works with local and state government and partner organizations to ensure support for prospective and existing businesses. The EDC’s services focus on attracting new businesses, retaining existing firms and supporting small business development.
Business attraction efforts target established businesses located outside the county and encourage them to move to Chatham County, where they can create new jobs for local citizens and increase the local tax base. The EDC works with city, county and state officials to achieve this. Past successes include Arauco (then Uniboard) in Moncure, Strata Solar in Governors Village and Walmart in northeast Chatham. Collaboration is essential to attracting new industry.
The Economic Development Partnership of North Carolina and Research Triangle Regional Partnership are partners that help marketing Chatham County to businesses interested in locating in North Carolina. The EDC works with public and private partners to have available acreage ready for these prospects. In Siler City, the 1,818-acre Chatham-Siler City Advanced Manufacturing Site and the 218-acre Central Carolina Business Campus are ready for business. Chatham Park, which broke ground in December 2014, is a 7,100-acre mixed-use community in Pittsboro. The 1,400-acre Moncure-Merry Oaks Super Park in southeast Chatham is being assembled and readied for development.
Retention & Expansion
Business retention efforts focus on supporting local businesses within Chatham County, in order to maintain existing jobs and help firms grow. The EDC regularly visits and makes contact with Chatham businesses to stay informed on local business trends and identify opportunities to provide support. The EDC assists expanding businesses with navigating permitting, securing financing, understanding local incentives and more.
Recent successful expansions include Brookwood Farms (Siler City), Engineered Plastic Components (Siler City), Acme-McCrary (Siler City), Boise Cascade (Moncure), Mountaire (Siler City) and Lazar Industries (Siler City).
Entrepreneurship and Small Business Development
Small businesses are a primary source of job creation in most economies; small businesses and entrepreneurs stimulate job creation, develop crucial innovations in products and production processes and promote the diversification of the economic base. Entrepreneurs and small business owners play a significant and growing role in Chatham’s local economy.
The EDC supports entrepreneurs and small business owners as they work to establish and expand operations. Using our network of local service providers, the EDC helps small businesses locate resources and support, including start-up training, financing sources and technical and marketing assistance. The EDC helps fund the coordinator position at the Chatham Small Business Center. Other partners can be found here. The EDC also administrates a revolving loan fund for small businesses, the Chatham Loan Fund.