From the Triangle Business Journal, by Evan Hoopfer A housing community with over 200 new residences was approved recently in Siler City. The town’s Board of Commissioners approved a rezoning request during a June meeting for 99.73 acres near the corner of Harold Andrews Road and U.S. Highway 421 on Read more…
From CNBC: To rank America’s Top States for Business in 2022, CNBC scored all 50 states on 88 metrics in 10 broad categories of competitiveness. Each category is weighted based on how frequently states use them as a selling point in economic development marketing materials. That way, our study ranks the states Read more…
From WRAL, by Chelsea Donovan RALEIGH, N.C. — More than million people moved to a different ZIP code between February 2021 and February 2022, the most of any 12-month period since 2010. North Carolina has been a big winner of that movement. The state had the third-highest in-migration during that period, Read more…
From the Triangle Business Journal, by Evan Hoopfer: John Crumpton couldn’t help but chuckle. During a recent presentation to the Lee County Board of Commissioners, Crumpton, manager of the county, said VinFast was going to use the old Marelli manufacturing facility in Sanford – which is being turned into the E. Read more…
From the Triangle Business Journal, by Elizabeth Egan One of the fastest-growing counties in the Triangle is looking toward its future development. The Chatham County Board of Commissioners discussed the county’ future Unified Development Ordinance (UDO), which will outline regulations for zoning and land use, during the board’s meeting last Read more…
From the Chatham News + Record, By BILL HORNER III, Publisher VinFast, the Vietnamese automaker planning a $4 billion electric vehicle manufacturing facility at Chatham’s Triangle Innovation Point, hopes to begin moving dirt at its 1,977-acre site on or around July 1. First, though, the company must acquire all that Read more…
From the Chatham News + Record, by Bill Horner III: SILER CITY — When prospective industries and businesses — and there have been a lot of them — visit the Chatham Advanced Manufacturing megasite, there’s one question owner Tim Booras always gets. “Where will my employees live?” Siler City’s housing Read more…
BY BEN RAPPAPORT, News + Record Staff PITTSBORO — Speakers at Tuesday’s Chamber of Commerce Development Briefing touted recent economic development announcements and growth as evidence Chatham County is headed in the right direction. The networking event, held at the Chatham County Agriculture & Conference Center, drew 250 people and Read more…
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…
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…