Displaying items by tag: economic development

ROCKINGHAM — Rockingham Dragway owner Steve Earwood said Thursday that a $485,000 grant from the state’s Motorsports Relief Fund announced this week by Gov. Roy Cooper will be used to help offset the cost of new Compulink scoring and timing equipment and other planned facility improvements.

Since January 1 of this year, North Carolina has announced projects worth over $7 billion in capital investments and over 15,000 jobs, providing our residents and their families with opportunities to flourish. International companies like Boom Supersonic, Eli Lilly and VinFast have chosen North Carolina to create their innovative and pioneering products. Companies born and raised in our state know they can rely on the people of North Carolina, and choose to expand here, rather than open a new facility elsewhere.

RALEIGH ― For the second year in a row, North Carolina is the winner of Site Selection magazine’s 2022 Prosperity Cup, an annual award given to state-level organizations with the most successful economic development and business development projects in their state for the previous year. This year’s award is shared by the Economic Development Partnership of North Carolina and the North Carolina Department of Commerce, who partner with other state and local organizations to support North Carolina’s economic development efforts.

RALEIGH — The application period for the NC Rural Center’s upcoming Homegrown Leaders training in Lumberton this June is now open for individuals who live and/or work in the following counties in Eastern North Carolina: Columbus, Bladen, Hoke, Richmond, Robeson, Scotland, Brunswick, New Hanover, and Pender counties.The application closes on Friday, May 13, 2022. 

ROCKINGHAM — Fire Chief Harold Isler said he could finally relax Thursday morning after N.C. Insurance Commissioner Mike Causey announced the Rockingham Fire Department’s Insurance Services Office rating had increased from 3 to 2.

PEMBROKE — Thomas Hall, director of the Thomas Entrepreneurship Hub at UNC Pembroke, was among the featured panelists at the Federal Reserve Bank of Richmond’s Investing in Rural America Conference.

ROCKINGHAM — The main thing potential companies are looking for when scouting locations: a building.

MONCURE — A Vietnamese automaker has announced plans to build a $4 billion electric-vehicle assembly and battery-manufacturing plant at Triangle Innovation Point in Moncure, about 30 miles west of the Triangle. To attract the newly formed company, the state and Chatham County promise to spend nearly $1.2 billion in incentives over the next 32 years. Meantime, VinFast is working to secure $1 billion in investment money to build the plant.

HAMLET — The Richmond County Board of Commissioners on Tuesday approved a request to deed a piece of property to a local manufacturer making its third expansion in as many years.

ROCKINGHAM — A Richmond County textile mill is coming under new ownership.