From WRAL TechWire, by Rick Smith: Wolfspeed’s announcement on Friday that the Durham company would build a $5 million semiconductor plant in Chatham County and create more than 1,800 jobs took on an almost victorious election campaign atmosphere complete with campaign buttons. But these colorful pins weren’t about Democrats or Republicans. No – Read more…
Dirt is moving at the Triangle Innovation Point, where VinFast plans their first American manufacturing operation featuring 7,500+ jobs and $4 billion in investment. Commercial and residential development is ticking along at a steady pace in Pittsboro’s Chatham Park. The 1,800+ acre Chatham-Siler City Advanced Manufacturing Site in Western Chatham Read more…
The Durham Coca-Cola Bottling Company announced Thursday that it plans to move its operations to Chatham County, locating at the intersection of Highway 751 and US 64. The company will be leaving facilities in Durham and Lee Counties to locate at the site, which has an Apex address. The company Read more…
From TIME, by Charlie Campbell On northern Vietnam’s Red River Delta, the world’s most ambitious electric-vehicle (EV) upstart occupies a factory complex fringed with mango trees and palms. Outside VinFast’s plant by the port city of Haiphong, fishermen in conical hats still plumb mudflats for grass carp and tilapia; inside, Read more…
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…