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krazeeboi

By krazeeboi
in The NC Triad

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cityboi
cityboi

It's now official. Toyota is coming to the Piedmont Triad! National headlines baby! https://abcnews.go.com/Technology/wireStory/big-north-carolina-factory-toyota-battery-plant-81579748

AlmaPinnix
AlmaPinnix

Volvo announced Global Headquarters for financial services in Greensboro. https://www.wfmynews2.com/article/news/local/volvo-announces-new-jobs-coming-to-greensboro/83-4af2255f-7576-4950-a016-783

KJHburg
KJHburg

It looks like Fresh Market HQ will indeed stay in Greensboro and move to downtown in the Wells Fargo Plaza according to reports in the Triad Biz Journal. 

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KJHburg Ecumenopolis

KJHburg

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California coffee roaster brings entire company and HQ to High Point. todays Triad Biz Journal.

""A coffee roasting company is relocating its headquarters from Woodland, California to High Point in a move that will bring 44 jobs over the next two years with plans for growth beyond that.  Puroast Coffee Co. Inc. has leased a 36,000-square-foot building at 905 W. Market Center Drive, where it plans to invest more than $1.5 million.  No economic incentives were involved.  “High Point came out on top after an extensive search to locate our new operations — the workforce, location, manufacturing infrastructure, quality of life and the warm invitation from the economic development team all contributed to our decision,” said Puroast CEO Kerry Sachs. “We’re thrilled to bring Puroast’s special technology and production here during this period of rapid growth for our company, and look forward to being part of the High Point community in this central North Carolina location.” ""

Puroast Coffee Co. moving to High Point from Woodland, California - Triad Business Journal (bizjournals.com)

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KJHburg Ecumenopolis

KJHburg

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Well this is interesting in the new NC Budget there is a large sum for the Greensboro Randolph county megasite.  Maybe something big brewing?  I know there has been a lot of dashed hopes with this site but I truly believe something will happen on this site that will be transformative for the Triad region. 

from NC Business email this morning:

Today's number: $338 million
That’s how much money in the state budget bill is directed to a major “economic development project” at the state’s megasite in Randolph County. Details on how the money would be used – transportation improvements, site preparation, wetlands mitigation and more – are spelled out in the bill.

So is the amount of investment involved: It’s a manufacturer that could initially bring at least $1 billion in investment and 1,750-plus jobs, but it’s a company that might also increase that investment within three year to at least $3 billion and 3,875 jobs.

The budget doesn’t, however, name the company. Is it the long-sought auto manufacturing plant? Stay tuned: It’ll likely remain a state secret until the deal is finalized.

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KJHburg Ecumenopolis

KJHburg

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Could be the Toyota battery plant and of course Toyota knows this site well as it was the runner up for the new assembly plant that went to Huntsville AL   This could be Greensboro and Randoph County's time as being the bridesmaid many times but this time possibly the bride!  With many Japanese companies in the Triad I think it is a great fit and so many interstate highways come through the Triad  too  40. 85, 73, 74, 840, 985 etc.   Honda with HondaJet and their own engine plant in Alamance and many other Japanese companies nearby. 

From the Triad Biz Journal today

""However, investment and job creation figures contained in the budget bill dovetail with an Oct. 18 announcement by Toyota Motor Corp. that it was seeking to build a $1.29 billion electric vehicle battery manufacturing facility in partnership with an affiliated company, which would employ 1,750. That announcement also suggested an eventual total investment of $3.4 billion, according to the Wall Street Journal.  The budget bill reads: “(the) qualifying project is a project for which the agreement requires that the business invest at least one billion dollars in private funds and create at least 1,750 eligible positions …”  Further, the bill describes a second phase as follows: “That a business, upon exercising an option in the agreement during the first 36 months of the agreement term to expand the project, increase the investment of private funds to at least three billion dollars and increase job creation to at least 3,875 eligible positions.”  That Toyota may choose the Greensboro-Randolph Megasite is conceivable in that the company is intimately familiar with the site. ""

Greensboro-Randolph Megasite - Economic Development Partnership of North Carolina (edpnc.com)

executive housing nearby in Greensboro of course.  

Edited by KJHburg
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cityboi Metropolitan Area

cityboi

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Bloomberg sites the Greensboro-Randolph mega site as the location for the planned Toyota EV battery plant. Long term this could mean 4,000 jobs for the Greensboro area. In addition Hwy 421 which borders the site will be designated as future I-685 from Greensboro to Sanford and eventually to the Fayetteville area.

Here will be the tally of Greensboro Interstates.

I-40, I-85, I-73, I-840, I-785, I-685

 

https://www.bloomberg.com/news/articles/2021-11-19/toyota-eyes-panasonic-as-partner-in-north-carolina-battery-plant

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KJHburg Ecumenopolis

KJHburg

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Honestly I think this is Greensboro time in terms of this megasite.  Toyota;s assembly plants are scattered in Kentucky, Indiana,  Alabama, Mississippi and Texas.  Greensboro has great interstate access and as I said Toyota knows this particular site up and down due to the runner up status for their last assembly plant.  

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