In a recent article published by the Triangle Business Journal about the “unprecedented activity” North Carolina is seeing in economic development projects, Bruce Thompson credits “…the pent up, building demand from the pandemic that has all of the projects happening now.” The article mentions large projects that the state won, like Apple and Boom Technology, as well as projects the state has missed out on like Intel and Micron that recently announced large expansions in the Midwest but had North Carolina on their radars.
Bruce’s response to this, “…numerous factors have led the state to this moment where firms like Intel and Micron even have it on their radar." He gives state leadership – from Gov. Roy Cooper to House Speaker Tim Moore– a lot of credit. "They pushed aside politics to focus on “bread and butter issues” when it comes to economic development,” he said.
Bruce went on to explain that in today’s economic development deals more and more companies are looking for their sustainability needs to be met, along with access to talent and competitive incentives.
You can read the full article here: How NC missed on major Intel, Micron expansions for semiconductors
Triangle Business Journal is a multimedia business news platform, and provider of local business news for Raleigh-Durham-Chapel Hill. TBJ is owned by American Cities Business Journals (ACBJ).