The Florida-based company is in the final stages of evaluating a potential purchase of approximately 46 acres at the Chatham-Siler City Advanced Manufacturing Site, also home to Wolfspeed’s future silicon carbide plant. The Company estimates an annual payroll of $8.3 million at full build-out.

Chatham County has worked to build upon the growth in the Research Triangle and Triad regions and benefits from a robust existing workforce and excellent quality of life. Innovative Construction Group will join other recent advanced manufacturing announcements near the CAM Site, including the recent Wolfspeed silicon carbide manufacturing plant announced in 2022 and the Toyota battery manufacturing announcement at the nearby Greensboro-Randolph megasite in Liberty.

Mayor of Siler City, Donald Matthews stated, “We welcome another opportunity for the citizens of Siler City and look forward to working with this company as a new partner.”

Based in Jacksonville, Florida, ICG’s comprehensive framing solutions include design services, manufactured wall panels, roof trusses and floor systems, and on-site installation to provide a full frame shell construction process.

“We are very eager to welcome Innovative Construction Group to Chatham County,” said Chreatha Alston, Chair of the Chatham Economic Development Corporation Board of Directors. “I am looking forward to the new jobs and opportunities this project will create for Chatham County residents. This project will also support the region’s residential home market, an important driver for our current and future growth.”

The Chatham Economic Development Corporation (EDC) worked alongside multiple local, regional, and state partners to win the project. In addition to the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina, other key partners in the project include the North Carolina General Assembly, Chatham County, the Town of Siler City, Duke Energy, Central Carolina Community College, the North Carolina Department of Transportation, The Samet Corporation, the Norfolk Southern Railroad Company, and the North Carolina Railroad Company.

The work of the EDC is supported by many partners and allies, as well as its Accelerate 2026 campaign investors. The ongoing marketing efforts of  the Carolina Core and the Research Triangle Regional Partnership are assisting the Chatham EDC.

Development of the Chatham-Siler City Advanced Manufacturing (CAM) Site began over a decade ago and was possible with the help of many key individuals. Past EDC Presidents Dianne Reid, Kyle Touchstone, and Alyssa Byrd, along with site partners Tim Booras and D.H. Griffin companies laid the foundation for Siler City’s future success. The EDC is supported by its board of directors, and the strong work of recent past chairmen of the board including Greg Lewis, Jeff Wilson, Douglas Emmons, and Chris Ehrenfeld.

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About Chatham County
Chatham County takes center stage in North Carolina, strategically located between the Research Triangle and Piedmont Triad. One of the fastest growing counties in the state is home to the towns of Pittsboro, Siler City and Goldston as well as several unique rural communities. Residents and visitors alike enjoy 30+ miles of trails and abundant greenspace, five golf courses, and an additional 85 miles of greenways in the works. Chatham also features Jordan Lake, the second-most visited state park in North Carolina. Chatham Park, one of the largest mixed-use developments in the nation is currently underway in Pittsboro.

Contact
Ann Fitts, Marketing and Communications Manager
Office: 919-542-8274
Direct: 919-542-8275
ann.fitts@chathamcountync.gov

The post Project Ice selects Siler City, Chatham-Siler City Advanced Manufacturing (CAM) Site for 157 new jobs, $39M investment, pending final real estate and local grant negotiations appeared first on Chatham County Economic Development Corporation.

Even after landing a multibillion-dollar economic development project, there is still plenty of room at a Chatham County megasite available for another tenant.

Michael Smith, president of the Chatham Economic Development Corporation, said there are roughly 1,400 acres still available at the Chatham-Siler City Advanced Manufacturing megasite. That’s after Wolfspeed (NYSE: WOLF) recently purchased 445 acres at CAM for its new $5 billion semiconductor plant that will employ 1,800 people.

“I understand it’s counterintuitive because when you get a $5 billion project, one would likely assume that your site is filled up,” Smith said. “But we were able to add several hundred acres at the front, so therefore we’re got roughly 1,400 acres left.”

Continue reading on the Triangle Business Journal website.

The post Chatham megasite seeks large project for remaining 1,400 acres appeared first on Chatham County Economic Development Corporation.

10x

The multiplier representing the increased capacity of the new Wolfspeed silicon carbide facility coming to Chatham County. The new facility will produce 10 times more silicon carbide chips than Wolfspeed’s campus in Durham, currently the largest producer in the U.S.

Industry analysts estimate these chips will make up more than 20% of the power semiconductor market by 2027, up from 5% today. The factory, due for completion in 2030, is slated to be the largest silicon carbide materials facility in the world.

200mm

The new campus in Siler City is expected to produce 200-millimeter silicon carbide wafers, which can be used to provide power and radio frequency semiconductors. Its chips are used in electric vehicles, 4G and 5G mobile development, and other emerging industries.

1,800 jobs

The chip manufacturing facility is expected to bring 1,800 jobs directly at its facility in Siler City over the next five years.

352 acres

The amount of land the new Wolfspeed facility will occupy at the Chatham Advanced Manufacturing site in Siler City. The total size of the CAM site is 1,802 acres, but even after the Wolfspeed announcement, there will be 1,450 acres still available to develop — almost three square miles, and large enough to fit another VinFast-sized facility.

9,000 jobs

The total amount of jobs promised to Chatham County so far in 2022 with the announcements of VinFast and Wolfspeed. The jobs will come in a steady flow as production of both facilities ramps up over the next five to 10 years. Job growth will likely be coupled with a population boom in the county that is anticipated to result in new schools and housing projects coming to the community.

Continue reading on the Chatham News + Record website.

The post Figures you need to know about the chip manufacturer coming to Siler City appeared first on Chatham County Economic Development Corporation.

The North Carolina-based company will purchase land at Chatham-Siler City Advanced Manufacturing Site in Siler City and will create 1,800 jobs at an average salary of $77,753. The company will invest $5 billion in the project in Siler City over the next five years. Wolfspeed is the global leader in silicon carbide technology providing power and radio frequency (RF) semiconductors.

The announcement makes North Carolina history as one of the largest economic development investments ever announced in the state. Silicon carbide is quickly becoming a key material used in several emerging industries, including North Carolina’s rapidly expanding electric vehicle presence and in the roll out of 5G mobile service.

Chatham County has worked to build upon the growth in the Research Triangle and Triad regions and benefits from a robust existing workforce and excellent quality of life. Wolfspeed follows several recent advanced manufacturing announcements in central North Carolina, including the recent VinFast electric vehicle and battery manufacturing plant announced in Moncure and the Toyota battery manufacturing announcement at the nearby Greensboro-Randolph megasite in Liberty.

“The jobs that Wolfspeed is bringing will pay 87% more than our current average wage. That is a huge win for Siler City, Chatham County, and the region,” said Chatham County Board of Commissioners Chair Karen Howard. “The North Carolina Community College system, Chatham County Schools and a network of exceptional public universities in the state were key to bringing this project to our community and will ensure that the jobs of the future are right here in North Carolina and accessible to the residents of Chatham County and beyond,” added Howard.

Wolfspeed’s product families include silicon carbide materials, power-switching devices and RF devices targeted for applications such as electric vehicles, fast charging inverters, power supplies, and service the telecommunications, military, and aerospace industries.

Wolfspeed’s arrival in Siler City is a result of the company’s rapid growth and increasing demands as it seeks to supply the world’s chips. Recent federal legislation has also hastened the development of Wolfspeed products.

“The Siler City community is overjoyed to welcome Wolfspeed,” said Siler City Mayor Chip Price. “Many in Siler City have worked tirelessly to recruit a project to the Chatham- Siler City Advanced Manufacturing Site and I celebrate with each of those at this announcement today.”

The Chatham Economic Development Corporation (EDC) worked alongside multiple local, regional, and state partners to win the project. In addition to the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina, other key partners in the project include the North Carolina General Assembly, the North Carolina Community College System, the North Carolina Department of Transportation, the North Carolina Department of Environmental Quality, the Golden LEAF Foundation, Chatham County, Randolph County, the Town of Siler City, the City of Asheboro, the Town of Ramseur, the Town of Franklinville, the Randolph County Economic Development Corporation, Duke Energy, Randolph Electric Membership Corporation, Dominion Energy, Samet Corporation, Freese and Nichols, Preston Development, Progressive Resources and Opportunities, the Raleigh Executive JetPort, and North Carolina State University.

The work of the EDC is supported by many investors and allies, including its Accelerate 2026 campaign and Convergent Nonprofit Solutions. Chatham EDC is assisted by the ongoing marketing efforts of both the Carolina Core and the Research Triangle Regional Partnership.

Development of the Chatham-Siler City Advanced Manufacturing (CAM) Site began over a decade ago and was possible with the help of many key individuals. Past EDC Presidents Dianne Reid, Kyle Touchstone, and Alyssa Byrd, along with site partners Tim Booras and D.H. Griffin companies laid the foundation for Siler City’s future success. The EDC is supported by its board of directors, and the strong work of recent past chairmen of the board including Jeff Wilson, Douglas Emmons, and Chris Ehrenfeld.

“This announcement is the culmination of many years of hard work by current and former EDC staff, Chatham County staff, our elected officials, local and regional partners, and support from citizens,” said Chair of the EDC Board of Directors Greg Lewis. “Welcoming a major employer like Wolfspeed to Chatham County will transform the area, positively impacting the tax base and will retain and draw people to the area. This has always been the vision for Chatham County with our two mega sites, and we are very grateful to witness it come to fruition with this project.  In addition, the Chatham Advanced Manufacturing (CAM) site with this announcement still has 1,400 acres available for additional future growth, along with almost 300 acres at the adjacent MidState Development site.”

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9-9-22 Wolfspeed Selects Siler City, Chatham-Siler City Advanced Manufacturing (CAM) Site for New Silicon Carbide Manufacturing Facility

The post Wolfspeed Selects Siler City, Chatham-Siler City Advanced Manufacturing (CAM) Site for New Silicon Carbide Manufacturing Facility appeared first on Chatham County Economic Development Corporation.

SILER CITY — The Chatham-Siler City Advanced Manufacturing (CAM) Site, a 1,802-acre industrial megasite in western Chatham County, is ready for launch — all it needs are heavy industry companies to move in.

“We’ve taken this thing as far as we can take it,” said CAM site owner Tim Booras.

That’s not to say the megasite is completely functional, but everything left to do must follow company commitments to build at CAM.

“Sewer is the biggest thing,” Booras said, adding “the new water pipe main extending down U.S. Hwy. 64 has successfully been run to the site … Sewer right-of-way has been acquired, design has been completed and the sewer line is permitted.”

Continue reading on the Chatham News + Record website. 

The post Siler City’s CAM megasite is ready to welcome occupants appeared first on Chatham County Economic Development Corporation.

The website features new, engaging video content and updated information about the site. The website makes the site more competitive in the current market as companies and site selectors turn to digital alternatives in the age of COVID-19.

“The new website is modern and easy for users to navigate and research relevant information,” said Alyssa Byrd, president of Chatham Economic Development Corporation. “With current conditions, websites are more powerful than ever for marketing and information delivery.”

The Chatham-Siler City Advanced Manufacturing Site, located in western Chatham County near U.S. 64 and U.S. 421, is a 1,800-acre North Carolina Certified Site. The site is supported through collaboration between Chatham County and the Town of Siler City, and is zoned for heavy industrial use.

To learn more about the industrial site, and view the new website, visit chathamadvcancedmanufacturing.com.

The post Chatham EDC launches new website for megasite appeared first on Chatham County Economic Development Corporation.

While the “Carolina Core” is made up of a broad swath of land, people and facilities across central North Carolina, its proprietors see it as a strategy, a strategy designed to bring employers to the middle of the state.

“It’s strategic in its own right,” says Stan Kelly, president and CEO of Piedmont Triad Partnership and lead voice for the Carolina Core. “On the other hand, it’s a logical, how do you put Central North Carolina together in a way that increases our likelihood of winning and thriving in the future.”

Birthed out of the Greensboro-based Piedmont Triad Partnership, economic development organization, the Carolina Core is about five months old as a branding strategy of acres of land stretching from Surry County near the Virginia state line all the way down to Fayetteville, along the U.S. Highway 421 corridor. It incorporates four major megasites — including the Chatham Advanced Manufacturing Megasite in Siler City and the Moncure Megasite — several four-year and community colleges and multiple airports and military bases. Its tag line — “Your Next Big Move” — is symbolic of Kelly’s goals for the area: recruiting a “transformational project.”

Continue reading: https://www.chathamnewsrecord.com/stories/carolina-core-finding-space-in-crowded-economic-development-landscape,1702

The post ‘Carolina Core’ finding space in crowded economic development landscape appeared first on Chatham County Economic Development Corporation.

The megasite corridor between Winston-Salem and Fayetteville, branded as the Carolina Core, will now have a more united identity to help economic development efforts.

The Piedmont Triad Partnership announced the regional brand at the Wyndham Champions Breakfast Aug. 16 at an event attended by business and economic development leaders and high-ranking public officials – High Point University President Nido Qubein; N.C. Senate leader Phil Berger (R-Rockingham); and state Commerce Secretary Tony Copeland.

The Carolina Core is an area stretching from Winston-Salem to Fayetteville that includes four megasites, including the Greensboro-Randolph Megasite and the Chatham Advanced Manufacturing Megasite. The core also includes 30 universities and colleges, airports, railroads and industrial and commercial parks.

[Continue reading at Triad Business Journal]

The post Piedmont Triad Partnership launches rebranding for Triad economic development efforts appeared first on Chatham County Economic Development Corporation.