economic development

Lakemont Business Park
Crescent Communities

Stanley Black & Decker says it will build a $31 million power tool manufacturing plant near Fort Mill, S.C., south of Charlotte.  The plant will make Dewalt cordless tools, and is expected to employee about 500 people.  

A main building on the site once was a Ford Model T factory and Army missile plant. More recently, it was a Rite-Aid distribution center.
David Boraks / WFAE

The Charlotte City Council on Monday approved a rezoning for the 72-acre Camp North End development off Statesville Avenue, north of uptown.  

Corning will expand its optical fiber plant in Midland, in Cabarrus County.
Corning Inc.

Corning Inc. says strong demand for optical fiber and cable is bringing another expansion in North Carolina. The company said Monday it will spend $176 million in Catawba and Cabarrus counties and create 410 jobs over the next two years.   

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. 


North Carolina 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.


Pages