VinFast plant expected to produce big boost in local property tax revenue

BY DAVID HILL, News + Record Correspondent PITTSBORO — The electric vehicle plant planned for the Triangle Innovation Point industrial site near Moncure is expected to boost property tax revenue for Chatham County each year by about 25%, according to economic impact projections. VinFast’s manufacturing plant is expected to generate Read more…

Chatham County approves loan to affordable housing developer for 72 units

PITTSBORO — The Chatham County Board of Commissioners approved a low-interest loan April 18 to affordable housing developer Wallick Communities for 72 units of income-restricted housing. Wallick Communities, an Ohio-based affordable housing developer, was selected in 2019 through a county request for proposal (RFP) process, and in 2021 by the Read more…

VinFast Selects Chatham County, Triangle Innovation Point for New Facility

PITTSBORO, NC – March 29, 2022 –VinFast, an electric vehicle company headquartered in Los Angeles, California, announced Tuesday that it will establish a new facility in Chatham County. VinFast is part of Vingroup, the largest privately held company in Vietnam. The facility will be the first original equipment manufacturer (OEM) Read more…