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Economic Development - Expansions and Relocations

J-Rob

By J-Rob,
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CLT2014 Burg

CLT2014

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On 12/2/2021 at 9:55 PM, Phillydog said:

...but, the national media won't run any stories on our incredible years attracting new HQ and businesses...if we were Texas or Tennessee or even GA, they'd be all over it.  Whine...

Media mainly likes the narrative of "Company based in California moves to Texas" type of thing because it fuels this Liberal vs Conservative story. When it is just regular old job expansion or new facilities that aren't "stolen" from a union state or liberal state, that doesn't fit a political angle and the national media doesn't care. 

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King of the Queen City
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KJHburg
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Now we can be the big BANANA again! Dole Foods moving corporate HQ from California to uptown!  ""Dole Food Co. is growing its business in the Charlotte region.  The agricultural company, the worl

tozmervo
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Fingers crossed we're finally getting an IHOP uptown

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Phillydog Hamlet

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5 hours ago, CLT2014 said:

Media mainly likes the narrative of "Company based in California moves to Texas" type of thing because it fuels this Liberal vs Conservative story. When it is just regular old job expansion or new facilities that aren't "stolen" from a union state or liberal state, that doesn't fit a political angle and the national media doesn't care. 

Absolutely part of the story -- but the media likes to think of itself picking "winners" and "losers" and unfortunately for us, we are rarely portrayed as a "winner" -- most of the national stories about NC are about inequality and hurricanes.  Is Austin, Texas or Nashville, Tennessee really more dynamic than the Triangle or, Charlotte (from an economic standpoint)?  Being a broken record here, NC does a bad job at self-promotion.  The film and TV industry help to change this but, alas the pro-business, stay-out-of-your-personal-life GOP, felt it was fine to drop kick that industry to the curb where it was happily gobbled up by Georgia...  Of course, it's not in the nature of native North Carolinians to be boisterous bloviators but maybe we need to be just a little bit more...

GSO news reporting 12,000 jobs created as a result of a Toyota plant.

The site in Randolph County is convenient to the Triad -- and western Triangle.  

I've been concerned for a few decades about the reliance of the state on I-85 while watching the artery become more and more congested...  The corridor between Johnston and Granville and  Iredell and Gaston counties is going to need some help very soon (should already be happening).  I think a bigger push for high-speed rail, given the density and number of city centers along the corridor, is the way to go.  Prefer to see growth in the corridor (as opposed to spreading out) but we need to step up our intrastate transportation projects.  

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CLT2014 Burg

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46 minutes ago, navigator319 said:

Hopefully the new Toyota plant will use CLT.  1hr 40min door to door according to google maps 

Obviously Piedmont Triad Airport will be preferred for visitors to the plant, but CLT will also be competing with RDU airport in this case and the Triangle's airport is about 40 miles closer to the mega site. CLT will likely be the third place option if no nonstops are available to GSO or RDU. Piedmont Triad has 3 flights a day to DFW right now, probably could get a boost to 4 or 5 per day with this plant to get to the Toyota North America HQ in Dallas area.

Other than that, I wouldn't expect anything dramatic as most of the other Toyota plants have not caused a dramatic change in air service. None of Toyota's other plants in North America in the Lexington, KY area, San Antonio, TX,  Evansville, Indiana, et.... have convenient nonstop flights to Japan, so the very senior leadership team is used to connecting in the event they need to go to a plant. CLT doesn't have nonstop flight to Tokyo and most travelers from Japan to the new plant will take routes like Tokyo - Dallas - Greensboro or Tokyo - Atlanta - Greensboro. 

Nonetheless, great news for the Triad area today and a much needed win for them. 

 

Anybody know if any announcements are pending for Charlotte before year end? It sounded like there were rumors for us, but it looks like the Triad may be the big winner for closing out 2021 (and much deserved). 

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CarolinaDaydreamin Burg

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2 hours ago, Phillydog said:

Absolutely part of the story -- but the media likes to think of itself picking "winners" and "losers" and unfortunately for us, we are rarely portrayed as a "winner" -- most of the national stories about NC are about inequality and hurricanes.  Is Austin, Texas or Nashville, Tennessee really more dynamic than the Triangle or, Charlotte (from an economic standpoint)?  Being a broken record here, NC does a bad job at self-promotion.  The film and TV industry help to change this but, alas the pro-business, stay-out-of-your-personal-life GOP, felt it was fine to drop kick that industry to the curb where it was happily gobbled up by Georgia...  Of course, it's not in the nature of native North Carolinians to be boisterous bloviators but maybe we need to be just a little bit more...

GSO news reporting 12,000 jobs created as a result of a Toyota plant.

The site in Randolph County is convenient to the Triad -- and western Triangle.  

I've been concerned for a few decades about the reliance of the state on I-85 while watching the artery become more and more congested...  The corridor between Johnston and Gaston counties is going to need some help very soon (should already be happening).  I think a bigger push for high-speed rail, given the density and number of city centers along the corridor, is the way to go.  Prefer to see growth in the corridor (as opposed to spreading out) but we need to step up our intrastate transportation projects.  

You'd think that Brightline would eventually consider this as a new route after Florida is built out.

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QCxpat Burg

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Today's CBJ "Toyota to bring 1,750 battery plant to North Carolina megasite" by Andy Warfield of the Triad Business Journal

Excerpt:  "The company that will this afternoon announce a more than $1 billion project at the Greensboro-Randolph Megasite has now been made public.  During this morning’s meeting of the North Carolina Department of Commerce Economic Incentives Committee, an entity headed by Toyota Motor Corp. (NYSE: TM) — Toyota Battery Manufacturing Inc. — was approved to receive $338 million in Job Development Investment Grant (JDIG) funds that were included in the 2022 state budget.  Committee members were told during the meeting that North Carolina won out over nine states considered for the project, all of which offered significant economic incentives.  Toyota will invest at least $1 billion in the plant and create 1,750 new jobs at the 1,825-acre site just south of the Guilford-Randolph county line.  A plan for a second phase of expansion, if the company so chooses, would bring the total investment to more than $3 billion and result in 3,875 total jobs.  Toyota has already electrified approximately 25% of its vehicle production, committee members were told, which is only the beginning of its plans for hybrid and battery-electric vehicles.  The meeting this morning followed approval of economic incentives by the Randolph Board of County Commissioners in the form of property tax reductions over 20 years plus conveyance of property at no cost, and by the Greensboro City Council for water and sewer service installation at no cost.  "This project will anchor the entire 17-county Carolina Core region," Loren Hill, the regional economic development director for the Piedmont Triad Partnership, told the Randolph County board.  A formal announcement of the project will be held at the Greensboro-Randolph Megasite at 2 p.m. this afternoon."

Greensboro-Randolph Megasite Infrastructure | LJB Inc.

Links:  https://www.bizjournals.com/charlotte/news/2021/12/06/toyota-named-as-megasite-occupant.html

https://www.wfmynews2.com/article/news/local/greensboro-randolph-megasite-company-announcement/83-fb3f2509-dd63-47b5-bdd2-983eece8f981 - live news conference

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Crucial_Infra Hamlet

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59 minutes ago, QCxpat said:

Today's CBJ "Toyota to bring 1,750 battery plant to North Carolina megasite" by Andy Warfield of the Triad Business Journal

Excerpt:  "The company that will this afternoon announce a more than $1 billion project at the Greensboro-Randolph Megasite has now been made public.  During this morning’s meeting of the North Carolina Department of Commerce Economic Incentives Committee, an entity headed by Toyota Motor Corp. (NYSE: TM) — Toyota Battery Manufacturing Inc. — was approved to receive $338 million in Job Development Investment Grant (JDIG) funds that were included in the 2022 state budget.  Committee members were told during the meeting that North Carolina won out over nine states considered for the project, all of which offered significant economic incentives.  Toyota will invest at least $1 billion in the plant and create 1,750 new jobs at the 1,825-acre site just south of the Guilford-Randolph county line.  A plan for a second phase of expansion, if the company so chooses, would bring the total investment to more than $3 billion and result in 3,875 total jobs.  Toyota has already electrified approximately 25% of its vehicle production, committee members were told, which is only the beginning of its plans for hybrid and battery-electric vehicles.  The meeting this morning followed approval of economic incentives by the Randolph Board of County Commissioners in the form of property tax reductions over 20 years plus conveyance of property at no cost, and by the Greensboro City Council for water and sewer service installation at no cost.  "This project will anchor the entire 17-county Carolina Core region," Loren Hill, the regional economic development director for the Piedmont Triad Partnership, told the Randolph County board.  A formal announcement of the project will be held at the Greensboro-Randolph Megasite at 2 p.m. this afternoon."

Greensboro-Randolph Megasite Infrastructure | LJB Inc.

Link:  https://www.bizjournals.com/charlotte/news/2021/12/06/toyota-named-as-megasite-occupant.html

Confession: reading the phrases “17-county Carolina Core region” and “Greensboro-Randolph Megasite” might have made me blush a bit. :tw_tounge_wink:

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KJHburg Gigalopolis

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Toyota battery plant will need connections to Dallas most importantly where their North American HQ is (and they did strongly consider Charlotte but our size and lack of nonstops to Japan hurt us)  This battery plant is a great win for the entire state and Toyota expects to double and triple the number of battery vehicles in the future.     and yes another major announcement might be on the horizon at PTI airport for a major aircraft manufacturing plant.  (HondaJet is already there)   

This 3rd production facility of Arrival Inc in the Charlotte region along with this huge Toyota battery plant announcement shows NC is building its manufacturing for the future and that is a great thing! 

about Arrival third area plant 

Electric vehicle manufacturer Arrival expands, adding new Charlotte facility (charlotteregion.com)

about Toyota announcement today

Toyota to Build First North American Battery Plant in NC - Economic Development Partnership of North Carolina (edpnc.com)

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tozmervo City

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20 hours ago, QCxpat said:

Today's CBJ "Toyota to bring 1,750 battery plant to North Carolina megasite" by Andy Warfield of the Triad Business Journal

This was so close to having a Climax, NC address.

so.

close. 

Edited by tozmervo
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DCMetroRaleigh Burg

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23 hours ago, Phillydog said:

I've been concerned for a few decades about the reliance of the state on I-85 while watching the artery become more and more congested...

Which is why US 64 should become a freeway.  I-685 will also help relieve congestion.

39 minutes ago, tozmervo said:

This was so close to having a Climax, NC address.

so.

close. 

Edging

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a2theb Whistle-Stop

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On 11/30/2021 at 8:34 PM, KJHburg said:

and now a huge aviation expansion or new company near the PTI airport.  (near the existing HondaJet plant)

'Game-changer' could bring at least 1,750 jobs to Piedmont Triad International Airport | Business Local | greensboro.com

this could be great month for NC and there are still companies lurking around Charlotte for major expansions and or relocations.  

Thought it was interesting that the CEO of Centene will be speaking at the Charlotte Chamber wonder if he has any news of a headquarters variety?  Don't know but I do think Centene's HQ will end up here sooner or later.  

Was leaked today that it is Boom (https://twitter.com/jetcitystar/status/1468673245515698182) which seems like a pipe dream (the company not the operation at PTI). 

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