NORTH CAROLINA WINS AWARD FOR ECONOMIC ACHIEVEMENTS FOR THIRD YEAR IN A ROW

For the third year in a row, North Carolina is the winner of Site Selection magazine’s 2023 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 (EDPNC) and the North Carolina Department of Commerce, who partner with other state and local organizations to support North Carolina’s economic development efforts.

In 2022, North Carolina welcomed 151 new projects totaling 27,144 new jobs for residents and $15.58 billion in capital investment from companies across many different industries. This includes VinFast’s announcement of its first North American electric vehicle (EV) assembly and battery manufacturing plant, for a $1 billion investment in Chatham County bringing in 7,500 jobs; Wolfspeed, which announced its newest semiconductor manufacturing plant in Siler City, for a $5 billion investment creating 1,800 jobs; Boom Supersonic’s announcement of its supersonic airliner manufacturing and assembly plant in Greensboro, for an investment of $500 million creating 1,750 jobs; and Eli Lilly and Company’s announcement of its new manufacturing site in Concord, for an investment of $1 billion and creating 600 jobs.

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