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Triad Business Notes


krazeeboi

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On 12/3/2021 at 11:11 AM, KJHburg said:

Coming to head sounds like next week from the Triad Biz Journal:

""Yet another indication of a possible Monday announcement regarding a major manufacturer coming to the Greensboro-Randolph Megasite came Thursday when the North Carolina Department of Commerce announced a special meeting of its Economic Investment Committee (EIC) Monday morning at 11 a.m.  The EIC has also scheduled a special meeting for next Wednesday. It is unknown if at that meeting the committee will discuss awarding $106.7 million in incentives included in a budget amendment passed last week for an “aircraft manufacturer,” as described in the bill, at Piedmont Triad International Airport that would bring a $500 million investment and create 1,750 jobs.  Meetings of the EIC often immediately precede economic development announcements as, once it approves state incentives packages, those projects — typically held confidential previously — become public record. ""

North Carolina Commerce Department Economic Incentives Committee sets special meeting Monday. Is Greensboro-Randolph Megasite on the agenda? - Triad Business Journal (bizjournals.com)

Looks like the meeting today was not for the PTI project, but instead for this Kroger fulfillment center in Cabarrus County:

https://www.nccommerce.com/news/press-releases/governor-cooper-announces-kroger-will-build-high-tech-customer-fulfillment

I haven't seen any other timelines for an announcement on the PTI project.

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Little video of the jets that will be built at PTI 

The 205-foot passenger plane can travel at more than 1,300 mph — faster than the speed of sound and twice the speed of today’s fastest airliners. The plane can carry 65 to 88 passengers and fly as far as 4,888 miles at a cruising altitude of 60,000 feet. The jets will be built for United Airlines and possibly the Airforce.

 

Bank60k_11.jpg

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Cruise30k_A_17-e1639006355710-1280x640.j

Edited by cityboi
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7 minutes ago, AlmaPinnix said:

More great news! Volvo Trucks of North America is already headquartered in Greensboro along with Mack Trucks world headquarters.

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$110 million expansion of local plant is great.  

""Procter & Gamble announced Tuesday it will expand its manufacturing facility located at 100 Swing Road in Greensboro by 80,000 square feet and create an additional 46 jobs. The company plans to invest $110 million in the expansion.  According to Guilford County records, the Swing Road facility sits on a 53-acre property with a main manufacturing building of 120,000 square feet, plus two office buildings it added of 47,454 square feet and 9,000 square feet. Built in 1966, P&G purchased the property and the original building in 2014 for $18.6 million.""

""While the company has not stated what it manufactures at the site, according to website industry.net it makes Pepto-Bismol, Vicks, Nyquil and Dayquil products there. ""

""The company also operates a manufacturing facility at 6200 Bryan Park Blvd. in Browns Summit, where it makes Crest toothpaste, Olay skin products, Gillette, Secret and Old Spice deodorant, and Fixodent denture adhesive. That facility is nearly 1.6 million square feet.   According to Triad Business Journal research, Proctor & Gamble employs more than 1,200 in the Triad.""

https://www.bizjournals.com/triad/news/2022/03/01/p-g-to-expand-swing-road-facility.html

Edited by KJHburg
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I told you Greensboro was ready to really boom like some other NC metros with Toyota, Boom Supersonic and now Amazon is adding another distribution center with 1000 jobs.

From Triad Biz Journal

""Guilford County may soon be home to the Triad's second major Amazon (Nasdaq: AMZN) fulfillment center.

Triad Business Journal has learned that a 99-acre tract at 238 Ritters Lake Road on the south side of Greensboro and below Interstate 85 may be the site of a second hub for the fulfillment giant, which would join its 1 million-square-foot facility in eastern Kernersville. 

Greensboro attorney Mike Fox, representing Williams Development Group of Winston-Salem, told the Greensboro Planning and Zoning Commission at a November meeting that the anticipated economic development project would bring an investment of more than $200 million and more than 1,000 jobs. The job count is similar to Amazon's 1-million-square-foot fulfillment center in Kernersville, which opened in July 2020.

At its Nov. 17 meeting, Greensboro City Council approved the voluntary annexation and rezoning of the property off South Elm/South Eugene Street just south of the interstate. Now zoned city CD-LI (light industrial), the property that is south of Ritters Lake Road was previously zoned county AG (agricultural) and county RS-40 (residential single-family). Typical uses in the LI district include limited manufacturing, wholesaling, warehousing and distribution.""

 

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New Fortune 500/1000 List for 2022 has 5 Triad Companies: 

LabCorp (F500 - 230)

Hanesbrands (F500 - 458)

Old Dominion Freight (F1000 -- just outside at 578)

Qorvo (F1000 - 691)

Kontoor (F1000 -- 923)

I'm excited to see what is in store for the Triad Business Community with all of the recent investments. 

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