Economic Development - Expansions and Relocations

[KJHburg]

45 minutes ago, tarhoosier said:

Did the Triangle Business Journal bury the lede? Is Micron the company searching for a site? Or is the mention far down in the paragraph meant to use Micron as an example of chip manufacturers?

Micron is mentioned as they announced they want a new chip plant somewhere in the world and maybe in the US and they mentioned Qualcomm too.  But they emphasized US chip producer and Intel has most of their plants in Arizona now.  Texas Instruments just announced a new big chip plant north of Dallas.  

[slipperypete]

2 hours ago, tozmervo said:

I'm going to need someone to explain how they are planning to become net positive. That's a massive claim and I can't sort out in my head how that would be possible.

From what I have read it's a combination of conservation (return up to 90% of their water consumption back to the local watershed as clean water) plus funding water restoration projects that result in >10% of their overall water use  worth of improvement to the environment. May not be to the same watershed, but it's a return of water.  I'm not sure how this helps for Arizona silicon plants specifically.  

Basically the same approach some companies are going carbon neutral - by investing in carbon sinks (often tree planting projects).  Good for the planet, but not necessarily helpful to the region in which the factories are located. 

[KJHburg]

In looking at the NC megasites none are near Charlotte.  Not even close.   The Charlotte Regional Business Alliance needs to push a county or two to come up with some sites in our region.

Toyota landed in the Greensboro Randolph County site.   2 microchip manufacturers are looking at Triangle Innovation Point Moncure megasite in Chatham County.  

Look at this map .https://edpnc.com/megasites/

now Mecklenburg it would be hard to put one together but a ring county like Cabarrus Lincoln Iredell Union should consider some sites.  Gaston County maybe already too developed for such a 1000 acre plus site.   But some regional cooperation is needed like Greensboro providing the water and sewer to the Randolph County site.  City of Sanford providing water in exchange for some of the taxes in the Chatham County TIP site even though it is in another county.    One hope for Mecklenburg would be a site of airport owned land south of the airport.   Could be a couple of hundred acres.  

Otherwise look for these major projects to land elsewhere in the state.  And as  a state we are going to need more of these sites as ours are finally getting taken.  

 

[Blue_Devil]

Lets just put it on top of Gastonia and call it a day

[kayman]

3 hours ago, KJHburg said:

In looking at the NC megasites none are near Charlotte.  Not even close.   The Charlotte Regional Business Alliance needs to push a county or two to come up with some sites in our region.

Toyota landed in the Greensboro Randolph County site.   2 microchip manufacturers are looking at Triangle Innovation Point Moncure megasite in Chatham County.  

Look at this map .https://edpnc.com/megasites/

now Mecklenburg it would be hard to put one together but a ring county like Cabarrus Lincoln Iredell Union should consider some sites.  Gaston County maybe already too developed for such a 1000 acre plus site.   But some regional cooperation is needed like Greensboro providing the water and sewer to the Randolph County site.  City of Sanford providing water in exchange for some of the taxes in the Chatham County TIP site even though it is in another county.    One hope for Mecklenburg would be a site of airport owned land south of the airport.   Could be a couple of hundred acres.  

Otherwise look for these major projects to land elsewhere in the state.  And as  a state we are going to need more of these sites as ours are finally getting taken.  

 

The likelihood of such megasite if such scale being in Metro Charlotte led by CRBA would be in the South Carolina suburban and exurban areas like Chester, York, or Lancaster counties. 

[KJHburg]

Marketing video from Charlotte Regional Business Alliance

 

[deleted account]

2 hours ago, KJHburg said:

Marketing video from Charlotte Regional Business Alliance

 

I liked that, except for showing the empty UNCC football stadium when talking about higher education (better to have shown Davidson, Queens, UNCC, JCSU, etc., with students in classrooms or in bustling quads). Also, maybe some reference to Hornets, MLS, NASCAR, etc.?

Edited January 7, 2022 by JBS

[go_vertical]

Also, some pretty outdated skyline shots in there. 

[atlrvr]

Yeah....not sure why the lead image they chose something that is 3+ years old.

[JRCLT]

That round-about was too familiar lol.

[CLT2014]

Regarding the massive chip plant earlier up thread, sources are now saying North Carolina is out of the running and the rumoured suitor that would have been the largest project in state history has crossed NC off the list. Reported by News and Observer, Triangle Biz Journal, WRAL, et.

[KJHburg]

Is this Amazon or someone else for this is huge distribution center for Rowan County.

""Rowan County appears to be in the mix for a huge economic development project. The Rowan County Board of Commissioners is considering incentives for a project under the code name Project Rabbit. Documents show the project would include an investment of $584.3 million and the creation of 2,500 full-time jobs over the next several years.  At tonight's county board meeting, a public hearing and presentation will be held regarding the project and incentives for it offered by the county.  The identity of the company behind Project Rabbit is not disclosed. Documents state the company is "an online retailer that offers thousands of products to its customers and serves them from warehouses and fulfillment centers located throughout the United States." Project Rabbit would include the construction of a new e-commerce fulfillment center.""

Online retailer mulling Rowan County for $584M, 2,500-job fulfillment center - Charlotte Business Journal (bizjournals.com)

[KJHburg]

Up in Greensboro this is happening and this would be great for NC a supersonic jet manufacturer.  From Triad Biz Journal

""The Guilford Board of County Commissioners has announced a special meeting Wednesday, Jan. 26, at 8:30 a.m. to hold a public hearing regarding an economic development incentives grant. The manufacturer anticipates creating approximately 1,761 jobs and investing up to $500 million in personal property expenditures and real property improvements in the Greensboro area. Guilford County commissioners will consider authorizing an incentive for 80% of eligible tax revenue paid by the company over 10 years.  The job count and investment amount are similar to “Project Thunderbird,” for which the North Carolina General Assembly in December approved a budget amendment of $106.7 million in infrastructure improvement grants at Piedmont Triad International Airport. The timing of the public hearing suggests an announcement would occur later that same day.  Project Thunderbird has widely been reported to be an aircraft assembly plant for Boom Supersonic, a Denver-based startup that is developing a supersonic passenger aircraft named Overture. Aviation Week & Space Technology recently reported that PTIA was one of about 15 sites Boom was considering for its first assembly plant.""

and before you say it is startup so was Honda Jet which is based in Greensboro and has their lone manufacturing plant there for the world.  HondaJet is thriving and keeps expanding.  

Large announcements like this make Charlotte stronger too as the largest city in the Carolinas with the biggest airport and distribution capabilities in the Carolinas.  Not to mention our high finance, banking, accounting etc.   

could be this company Boom - Supersonic Passenger Airplanes (boomsupersonic.com)

Edited January 19, 2022 by KJHburg

[nicholas]

1 hour ago, KJHburg said:

Up in Greensboro this is happening and this would be great for NC a supersonic jet manufacturer.  From Triad Biz Journal

""The Guilford Board of County Commissioners has announced a special meeting Wednesday, Jan. 26, at 8:30 a.m. to hold a public hearing regarding an economic development incentives grant. The manufacturer anticipates creating approximately 1,761 jobs and investing up to $500 million in personal property expenditures and real property improvements in the Greensboro area. Guilford County commissioners will consider authorizing an incentive for 80% of eligible tax revenue paid by the company over 10 years.  The job count and investment amount are similar to “Project Thunderbird,” for which the North Carolina General Assembly in December approved a budget amendment of $106.7 million in infrastructure improvement grants at Piedmont Triad International Airport. The timing of the public hearing suggests an announcement would occur later that same day.  Project Thunderbird has widely been reported to be an aircraft assembly plant for Boom Supersonic, a Denver-based startup that is developing a supersonic passenger aircraft named Overture. Aviation Week & Space Technology recently reported that PTIA was one of about 15 sites Boom was considering for its first assembly plant.""

and before you say it is startup so was Honda Jet which is based in Greensboro and has their lone manufacturing plant there for the world.  HondaJet is thriving and keeps expanding.  

Large announcements like this make Charlotte stronger too as the largest city in the Carolinas with the biggest airport and distribution capabilities in the Carolinas.  Not to mention our high finance, banking, accounting etc.   

could be this company Boom - Supersonic Passenger Airplanes (boomsupersonic.com)

This would be huge for Greensboro, especially coming on the heels of the Toyota announcement.  Feels like it's starting to find its niche in high tech manufacturing, and hopefully it will continue to attract these sort of developments similar to finance in Charlotte and research in Raleigh/Durham.  It's pretty awesome to see NC turning into an economic powerhouse that can compete with much larger states such as Florida and Texas.

[RANYC]

1 hour ago, nicholas said:

This would be huge for Greensboro, especially coming on the heels of the Toyota announcement.  Feels like it's starting to find its niche in high tech manufacturing, and hopefully it will continue to attract these sort of developments similar to finance in Charlotte and research in Raleigh/Durham.  It's pretty awesome to see NC turning into an economic powerhouse that can compete with much larger states such as Florida and Texas.

https://www.statista.com/statistics/248063/per-capita-us-real-gross-domestic-product-gdp-by-state/

If one goes by the link above, we already outperform FL in terms of GDP per capita.  NC still ranks toward the bottom among states, however.

[stw52]

On 1/15/2022 at 12:24 PM, CLT2014 said:

Regarding the massive chip plant earlier up thread, sources are now saying North Carolina is out of the running and the rumoured suitor that would have been the largest project in state history has crossed NC off the list. Reported by News and Observer, Triangle Biz Journal, WRAL, et.

Was it Intel? https://www.cnbc.com/2022/01/21/intel-plans-20-billion-chip-manufacturing-site-in-ohio.html

[KJHburg]

39 minutes ago, stw52 said:

Was it Intel? https://www.cnbc.com/2022/01/21/intel-plans-20-billion-chip-manufacturing-site-in-ohio.html

The reports said Micron Technologies but I did see this announcement.  There is still another chip plant out there too AMD.   People in NC said multiple computer chip manufacturers were considering the site. 

[KJHburg]

7 hours ago, KJHburg said:

The reports said Micron Technologies but I did see this announcement.  There is still another chip plant out there too AMD.   People in NC said multiple computer chip manufacturers were considering the site. 

To follow up there are more semiconductor firms out there looking at NC

No Samsung, no Intel – but NC remains competitive in recruitment of semiconductor firms, exec says | WRAL TechWire

[stw52]

12 hours ago, KJHburg said:

The reports said Micron Technologies but I did see this announcement.  There is still another chip plant out there too AMD.   People in NC said multiple computer chip manufacturers were considering the site. 

Intel would have been nice. They have a large operation  outside of Dublin so would have bolstered the CLT to DUB route, which I have a selfish interest in.

[joenc]

We just need one to get one and then down the road we'll probably get the others too. Needs to be proven out.

[Urban Cowboy]

On 1/7/2022 at 1:44 PM, JBS said:

I liked that, except for showing the empty UNCC football stadium when talking about higher education (better to have shown Davidson, Queens, UNCC, JCSU, etc., with students in classrooms or in bustling quads). Also, maybe some reference to Hornets, MLS, NASCAR, etc.?

I hope the "business alliance" did that video in-house. If they paid an agency to create that then the alliance's CMO should be fired. The amount of glaringly stock footage and old imagery was terrible. I don't think the kayaking scene was even NC. Shocked to see marketing materials for Charlotte that don't show the Whitewater Center or reinforce that we have NASCAR! At least they showed someone pouring a beer at a brewery into a water glass - a uniquely Charlotte task.

Nothing screams Charlotte business and careers like the Hickory Tavern and La Vida Massage on Johnston Road. And just look at those power lines!

Oh! And Charlotte is known for cheap pineapples in foreign grocery stores...Please note the banana pricing.

I would of opted for some greenway shots, street car, light rail, NoDa, SouthEnd, Camp North End, Manufacturing, tree canopy, Atrium campus, etc - more essence. 

 

[SydneyCarton]

Another area that Charlotte should try to lure is global auctioning, which is dominated by NY and to a lesser degree, Hong Kong and London.  If Charlotte could lure Christies, Sotheby's, Bonhams, etc. to move their global HQs to the QC, it could be a massive boon to the city, and it would also boost the demand for international flights to and from Charlotte.  I think that a combination of incentives and  the prospect of an improved QoL could lure this very lucrative, high-profile industry to Charlotte.

https://www.barrons.com/articles/global-auction-sales-soared-to-a-record-12-6-billion-in-2021-01641328947

Here's a snippet from the article.  I'd like to see "New York" replaced with "Charlotte."

"...New York retained its position as the global art hub, accounting for 48% of auction sales in 2021. Hong Kong, with a market share of 19.4%, replaced London to become the second most important art market, where the three auction houses saw a combined US$2.45 billion in sales. 

London’s market share fell to 16.6% from 22.7% in 2020, although auction sales rose from US$1.7 billion in 2020 to US$2.1 billion in 2021, according to the report...."

 

 

Edited January 23, 2022 by SydneyCarton

[atlrvr]

These auction houses are all in NYC because of the concentration of wealth that you have previously cited, the wealth isn't there because of the auction houses.  There's no amount of money that could get them to relocate anything other than administrative staff to Charlotte, because their business model collapses.  

A billionaire would rather miss on buying a Banksy or whatever billionaires buy than spend a weekend in Charlotte.  Well, I guess their assistants would be given that menial task.

Somewhat more seriously, but the move to online/virtual formats is quickly shrinking the in-person auction model no matter what.  

[MarcoPolo]

I've got to hand it to you SydneyCarton, your over the top enthusiasm does make for entertaining reading    

[SydneyCarton]

13 minutes ago, MarcoPolo said:

I've got to hand it to you SydneyCarton, your over the top enthusiasm does make for entertaining reading    

I'm just a strong backer for the QC.