economic development

Corning Inc. says growing demand for optical fiber in communications networks is behind plans for a $30 million expansion of its optical cable plant in Hickory. The company also announced a similar sized expansion of another plant in Winston-Salem.

Corning Inc.

Updated 11:20pm
Corning Optical Communications has picked a site off I-485 in northwest Charlotte for its new $38 million headquarters, a spokesman said Tuesday.

Corning Optical Communications plans to move its headquarters from Hickory to a new $38.7 million office building Charlotte in 2018. A spokeswoman said the company is looking at sites off I-485 northwest of Charlotte, and hopes to announce the location by April 1.

Lisa Worf / WFAE

Greenways are nothing new for Charlotte. These pedestrian and bicycle paths are scattered throughout the county, but most sections are only a few miles long. That’s about to change. A project is in the works to link some of these paved paths and create one continuous greenway from Pineville northeast to the Cabarrus County line. The effort isn’t just about recreation, but also economic development. 

NC General Assembly



The North Carolina Senate’s economic development proposal lays out some changes for non-profits when it comes to contributions and collecting sales tax refunds. Many non-profits say they’re not good ones.   

The Senate plan sets some limits. It would include charitable contributions as part of a $20,000 cap on all itemized deductions. 

Sun. Headlines: Volvo coming to S.C.?

May 10, 2015

Swedish auto maker Volvo apparently has picked a site in South Carolina for its first U.S. plant.  Georgia was the other finalist, but the Atlanta Journal-Constitution reports that officials there learned Friday the state won’t be home to the $500 million plant.

Jim Bowen / Flickr

Governor Pat McCrory has made replenishing the state’s economic incentives fund one of his top, immediate priorities. This week Republican leaders in the Senate introduced their own plan, which differs significantly from the governor’s. It sets up a debate over incentives, but also falls into a larger, intra-party fight that’s as much regional as ideological.

Sun. Headlines: CMPD Officer Shoots Teen

Mar 8, 2015

A Charlotte-Mecklenburg police officer shot a teen Saturday night after a party on North Tryon Street turned violent. Police were called to the 1400 block of North Tryon Street around 8:30pm, where they found a group of teens. A short time later, a 911 call reported gunshots a couple of blocks away, in 1200 block of N. Tryon.  

Jim Bowen / Flickr

A bill containing tax breaks to lure businesses to North Carolina passed its first vote in the state House of Representatives, although it divided both parties. The bill expands several economic incentives, but sponsors emphasized one goal in particular: to lure a carmaker to the state.

Charlotte City Council Approves Frito-Lay Incentives

Feb 24, 2015

The Charlotte City Council approved a $3 million package of tax breaks for snack maker Frito-Lay to expand in the city.  

The maker of Fritos, Lays, and other potato chips and snacks has about 560 employees at a warehouse and distribution center in southwest Charlotte. Under the terms of the deal, Frito-Lay will receive $1.2 million in tax breaks from the city and another $2 million from Mecklenburg County. In return, Frito-Lay will create at least 30 jobs.

Councilwoman Vi Lyles says that’s a modest amount, but argues the deal makes sense.