PRESS RELEASE
FOR IMMEDIATE RELEASE
The Chatham Economic Development Corporation (EDC) is pleased to announce that Phillip Thompson has joined the organization as a project manager. He will manage the organization’s business attraction and recruitment efforts.
Thompson earned his bachelor’s degree in business administration at Appalachian State University, where his studies focused on risk management, insurance, finance, and banking. Prior to joining the EDC, Thompson was a commercial lines account manager for First Bank Insurance in Sanford.
“Phillip will bring valuable business insight to this role with his experience in the commercial insurance industry,” said EDC President Michael Smith. “Phillip’s passion for his community and helping to bring new opportunities to our citizens is what caused him to move into economic development. We’re excited to have him on staff and for him to be a part of the great things happening in Chatham County.”
Thompson is joining the EDC as the VinFast project begins to take shape, investing $4 billion and creating 7,500 jobs at the Triangle Innovation Point in Moncure. A key part of his role will be working projects for the Chatham-Siler City Advanced Manufacturing Site, which offers over 1,800 acres of industrial land ready for development.
Chreatha Alston, Vice Chair of the EDC Board of Directors stated, “Phillip brings a distinct professional skillset and a plethora of transferable skills to the EDC. I am confident he will serve as an awesome project manager and be a tremendous value-add to the team. The board looks forward to working with him and officially welcoming him to the family.”
To prepare for the role, Thompson has taken courses in East Carolina University’s North Carolina Certified Economic Developer program and recently completed the UNC School of Government’s Basic Economic Development course.
Thompson’s first day with the EDC will be Monday, August 15th.
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