Development News

From the Chatham News + Record, by Cooper Metts PITTSBORO — Multibillion-dollar manufacturing projects headline the bright future ahead for economic development in Chatham County, but local officials are also focused on the necessary next steps, including infrastructural upgrades, sufficient labor supply and attracting supporting businesses.  Electric car manufacturer VinFast and semiconductor producer Wolfspeed both Read more…

From the Chatham News + Record, by Ryan Henkel MONCURE – VinFast, a Vietnamese electric vehicle manufacturer, broke ground on their proposed billion dollar facility in Chatham County Friday, July 28.   In an event attended by VinFast executives, the Vietnam Ambassador to the United States, Gov. Roy Cooper as well Read more…

Visit with Wolfspeed at their next Supplier Day on August 29th! This gathering will feature representatives from business units available to discuss procurement requirements for all local businesses wanting to work with Wolfspeed at the new John Palmour Manufacturing Center for Silicon Carbide in Siler City. Multiple departments will be Read more…

From WRAL TechWire VinFast has submitted its site plan for the huge electric vehicle assembly plant complex in plans to build in Chatham County – and it’s huge. In addition to the plan and details for buildings that are part of the site VinFast also provided a rendering of what Read more…

From WRAL TechWire: North Carolina is No. 9 among the 50 states when it comes to population but its economy ranks No. 7, according to a study published early Monday. According to financial news and information site WalletHub, the Tar Heel state ranks ninth or better in three of the study’s Read more…

From the Triangle Business Journal, by Evan Hoopfer Duke Energy made a substantial land purchase last week in Chatham County to support the surging growth in the community. Duke Energy purchased 67.9 acres for $3.075 million, according to a deed filed March 30. The purchase price comes out to about $45,000 Read more…

From the Triangle Business Journal, by Evan Hoopfer VinFast has sent its second batch of vehicles to North America. The Vietnamese automaker, which recently pushed back the opening of its factory in Chatham County, said Monday that the Silver Queen cargo ship has left the port in Haiphong, Vietnam, and will Read more…

From the Triangle Business Journal, by Evan Hoopfer A large housing development is coming to a part of Chatham County that hasn’t seen much residential investment lately. During an April 17 meeting, the Siler City Board of Commissioners approved a rezoning request for 168.5 acres. The land for the housing Read more…

From the Triangle Business Journal, by Evan Hoopfer A large new rental community was recently approved in Pittsboro as the town in Chatham County continues to grow. The housing development sits next to Chatham Park along Suttles Road and not far from U.S. Highway 64 bypass. The development could have Read more…

From the Chatham News + Record BY BEN RAPPAPORT, News + Record Staff SANFORD — Central Carolina Community College holds the keys to North Carolina’s successful future in manufacturing and biotechnology. That’s according to Gov. Roy Cooper, officials from the U.S. Dept. of Commerce and executives at VinFast. They joined Read more…