“Ranking in the top five for economy, workforce and business friendliness, the State garners the honor in a year of economic volatility thanks to outpacing the nation’s other states in job wins.

Watch Governor Stein’s Interview Here

Read the Official CNBC Article Here

North Carolina has been ranked the #1 state for business in three of the past four years and has consistently placed in the top five in 2019, and from 2021 through 2025.

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Reshoring and Supply Chain Resilience

One explanation for the manufacturing boom is the shift towards reshoring, which is the process of bringing production or manufacturing back to the country of origin (Jacobs). Companies are prioritizing supply chain resilience, reducing reliance on foreign suppliers, and investing in domestic production facilities. This became especially apparent during the COVID-19 pandemic, which highlighted vulnerabilities in global supply chains. As a result, many businesses that once relied on foreign production sought more local solutions.

Advancements in Technology and Automation

In recent years, we have seen how advanced technology and automation—most notably Artificial Intelligence (AI)—have significantly impacted our everyday lives. Manufacturing is no exception and has benefited greatly from these advancements.

Forbes Magazine has highlighted several ways AI has improved the manufacturing industry, one of which is quality assurance. Many companies use AI to enhance quality control, resulting in more consistent and reliable products. AI also helps with machine monitoring, enabling companies to detect maintenance needs early, which helps prevent costly breakdowns and increases efficiency and productivity (ForbesExpertPanel).

Automation has also played a crucial role in cost reduction. Though initial investments may seem substantial, there are also substantial savings in the long term (“Automation in the Manufacturing Industry”).

The Impact of the Manufacturing Boom on Local Communities

The rise in manufacturing has a positive and substantial impact on local communities. Manufacturing growth promotes economic prosperity in smaller towns by creating job opportunities at various skill levels. The average manufacturing salary in the United States is around $43,000, with more experienced workers earning up to $100,000 per year. These stable incomes lead to increased consumer spending, which, in turn, strengthens local economies. As a result, rural and smaller communities see growth in local businesses, including restaurants, shops, and entertainment venues, enhancing the overall quality of life.

This manufacturing boom also fosters interest in skill development. According to growthdimensions.org, “The presence of manufacturing facilities in a community encourages skill development and education. Local schools, colleges, and technical institutions may collaborate with these facilities to offer training programs that cater to the specific needs of the industry. This fosters a culture of continuous learning, enabling residents to acquire skills that are not only valuable within the manufacturing sector but also transferable to other industries.” (“The Crucial Role of Manufacturing Facilities in Building Strong Communities”)

Looking Ahead

As the manufacturing industry continues to expand, job opportunities for workers and business prospects for smaller communities, such as Chatham County, will continue to grow. With a strong emphasis on economic prosperity, reshoring, and increasing demand for domestic production, the future of manufacturing looks promising.

Stay connected with the Chatham EDC to learn more about the opportunities available in Chatham County and how we can support your growth.

For more information on the latest developments in Chatham County, visit our LinkedIn page at Chatham EDC on LinkedIn.

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“Governor Roy Cooper announced today that MetOx International Inc., a pioneering manufacturer of high-temperature superconducting wire, will build a major production facility in Chatham County, creating 333 jobs. The company will invest $193.7 million in North Carolina.

“Many cutting-edge technologies power the clean energy economy, and it’s great to see MetOx and its superconducting technology join us here in Chatham County,” said Governor Cooper. “Reducing carbon emissions will keep us safer and healthier while putting more money in the pockets of North Carolina families, and we’re excited to bring more clean tech company jobs to our state.”

MetOx, with headquarters in Houston, Texas, is a leader in High Temperature Superconducting technology (HTS) and the company is dedicated to advancing new energy solutions and establishing a resilient HTS manufacturing base in the United States. Through partnerships with strategic investors, MetOx is driving innovation and strengthening supply chains for critical superconducting applications across multiple industries.

HTS is an advanced power delivery technology, capable of transmitting extremely high power at low voltage with zero heat generation or energy loss. This breakthrough technology is revolutionizing critical energy sectors, including power transmission, distribution, and grid expansion, while uniquely meeting the high-power demands of AI-driven applications and hyperscale data centers. HTS is also pivotal in enabling high-field magnet applications such as next-generation wind turbines, motors and generators for clean aviation and aerospace, advanced defense systems, and magnetic confinement fusion energy.”

To read more, visit the North Carolina Department of Commerce’s website.

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