Economic Development - Expansions and Relocations

[rancenc]

We could see this legal change contributing to the agribusiness and small manufacturing industries in the state.

Pro-hemp bill passed by North Carolina legislators, awaits Gov. Roy Cooper's approval

Jun 30, 2022, 11:41am EDT

http://media.bizj.us/view/img/11395633/founders-hemp-field*304xx3000-1997-0-39.jpg

 

Rows of hemp plants line farmland possibly once occupied by tobacco, tomato or strawberry plants. Founder's Hemp CEO Bob Crumley said farmers who formerly grew either of the three crops are typically best suited to growing hemp because of its hands-on nature.

Just 48 hours before hemp products were set to be illegal, North Carolina legislators approved a bill that permanently removes hemp from the state’s list of controlled substances.

The Senate voted 48-2 yesterday to approve legislation allowing the permanent legalization of the production and distribution of hemp and CBD products.

The bill is now in the hands of Democratic Gov. Roy Cooper.

Hemp temporarily became legal in 2015 as a part of the North Carolina Industrial Hemp Pilot Program. Many farmers, manufacturers and retailers took advantage by starting businesses that grow, produce and sell hemp and various hemp products such as CBD oils.

In 2019, the state licensed 1,387 industrial hemp growers who are authorized to grow on more than 17,000 acres, including 6.7 million square feet of greenhouse space, making the North Carolina hemp industry substantial to the state’s economy. 

North Carolina joins 31 other states that have decriminalized the substance.

 

[rancenc]

Overview on the top economic projects in the last year throughout the state.

https://businessnc.com/big-promises-north-carolinas-25-largest-job-creating-projects-over-the-past-year/

[KJHburg]

8 hours ago, rancenc said:

Overview on the top economic projects in the last year throughout the state.

https://businessnc.com/big-promises-north-carolinas-25-largest-job-creating-projects-over-the-past-year/

the interesting thing for the Charlotte all the big job announcements were in Cabarrus, Iredell, Rowan and Gaston but not in Mecklenburg.  

Triad Guilford and Forsyth counites and of course Randolph got many big wins as did Wake County.  

[kayman]

On 7/1/2022 at 6:09 PM, KJHburg said:

the interesting thing for the Charlotte all the big job announcements were in Cabarrus, Iredell, Rowan and Gaston but not in Mecklenburg.  

Triad Guilford and Forsyth counites and of course Randolph got many big wins as did Wake County.  

The reason is the state doesn't exactly assist Charlotte much in economic development. Also many of Charlotte larger announcements come from expansions or economic multipliers of already existing entities (see the Pearl District as an example). The thousands of jobs coming from that along with the medical school will be larger than all the others combined.  However it will be a slow yet long-lasting burn as the job multipliers work over a period of time not formally announced.

[SydneycartonII]

https://www.cnbc.com/2022/07/13/north-carolina-is-no-1-in-americas-top-states-for-business.html

 

Edited July 13, 2022 by SydneycartonII

[Norm2]

3 hours ago, SydneycartonII said:

https://www.cnbc.com/2022/07/13/north-carolina-is-no-1-in-americas-top-states-for-business.html

 

Hopefully this is true. Tired of Texas getting all of the attention on business relocations.

[atlrvr]

Well, they changed the weighting of their inputs this year.  Cynically I'll suggest it was to make sure Texas didn't win again.  Biggest factors impacting text were Cost of Doing Business and Cost of Living were both reduced weightings this year.

[CLT2014]

10 minutes ago, atlrvr said:

Well, they changed the weighting of their inputs this year.  Cynically I'll suggest it was to make sure Texas didn't win again.  Biggest factors impacting text were Cost of Doing Business and Cost of Living were both reduced weightings this year.

They realized US News has the best methodology to sell rankings. One year Harvard is #1. Then the next year Princeton is #1. Then the next year Yale is #1. Then repeat cycle... as if quality really changes that much year to year... but people want to open a magazine and see changes from the previous year and be like "What!!! I'm so shocked! I'm so glad I bought this to know Yale is on their rotation to be ranked #1!!!"

Edited July 13, 2022 by CLT2014

[Mid South NC]

Good to see the QC featured prominently in the CNBC reveal! "North Carolina - #1 State for Business". Seems a few years behind Forbes, but hey, better late than never. 

[Mid South NC]

23 minutes ago, Mid South NC said:

Good to see the QC featured prominently in the CNBC reveal! "North Carolina - #1 State for Business". Seems a few years behind Forbes, but hey, better late than never. 

Here is the complete list 

 

North Carolina rises to No. 1 in America's Top States for Business

https://www.cnbc.com/2022/07/13/north-carolina-is-no-1-in-americas-top-states-for-business.html?__source=iosappshare|com.apple.UIKit.activity.Message

Edited July 13, 2022 by Mid South NC

[Reverie39]

The heck happened to New Jersey lol

[KJHburg]

well this does not get as much attention as the CNBC Best states to do business list but this one is probably even more important  as this is for Corporate real estate people.  Business Facilities magazine ranks NC #1 best business climate.  And you will see many on this list are on the the CNBC list but a few different factors

https://businessfacilities.com/2022/07/north-carolina-tops-best-business-climate-list/

[SydneycartonII]

2 hours ago, Reverie39 said:

The heck happened to New Jersey lol

Excessive taxes, regulation, and obscene housing costs.  Despite the absurd and groundless stereotypes, NJ is actually an outrageously gorgeous and super-rich place.  Look up on Realtor.com Alpine, Saddle River, Short Hills, Franklin Lakes, etc.  
 

Also, NJ is (and always will be) a pharma and life sciences powerhouse due to the concentration of Princeton, Columbia, and Penn in a very small area.   

 

Edited July 14, 2022 by SydneycartonII

[CLT2014]

^Man those houses are hideous. 12 Warewoods in particular is terrible. Somebody needs to light it on fire and spare the world from such a grotesque monstrosity! 

[SydneycartonII]

Many Super rich people seems to like that style.  Check out half of the houses in Beverly Hills, Dallas, and Houston.

Greenwich, Connecticut is alternative for more demure mansions in the NYC burbs.

 

 

Edited July 14, 2022 by SydneycartonII

[videtur quam contuor]

Longrunning blog about modern architectural and design fails with humor and a touch of sanctimony:

https://mcmansionhell.com/

People can live how they want to live. When the design is meant to signify to others (golden toilet and oligarch Liberace style) then the line is crossed.

[SydneycartonII]

Of course, the Uber-rich in NYC live in Manhattan, one of the few places in the world with properties that sell at $10k/sf+.

 

 

P.S.: Sorry for the tangent.  

Edited July 14, 2022 by SydneycartonII

[J-Rob]

I had to scroll back a ways, just out of curiosity, to see why this thread transitioned from CLT economic expansions and relocations to a thread on NY/NJ real estate, lol.

 

Edited July 14, 2022 by J-Rob

[DownEast]

Lol. They all do at one point or another. It's a really great town.

#200

Edited July 15, 2022 by DownEast
200th post

[KJHburg]

Getting back on track  NC ranked #1 business climate by 2 organizations in 1 week with different criteria used is impressive.    Heard the NC pipeline is full of $1 B projects hopefully the Charlotte metro will get its share.  But again need to say we need get a couple of megasites going in this region or we can watch multi billion plants go elsewhere.   I believe it is even more important now as office leasing across the country has slowed since Covid and you need to be present at a manufacturing facility.  Not to mention supply chain and lessen foreign dependence of other countries.  

https://wraltechwire.com/2022/07/14/nc-ranks-1-for-its-business-climate-for-second-time-this-week/

[SydneycartonII]

14 minutes ago, KJHburg said:

Getting back on track  NC ranked #1 business climate by 2 organizations in 1 week with different criteria used is impressive.    Heard the NC pipeline is full of $1 B projects hopefully the Charlotte metro will get its share.  But again need to say we need get a couple of megasites going in this region or we can watch multi billion plants go elsewhere.   I believe it is even more important now as office leasing across the country has slowed since Covid and you need to be present at a manufacturing facility.  Not to mention supply chain and lessen foreign dependence of other countries.  

https://wraltechwire.com/2022/07/14/nc-ranks-1-for-its-business-climate-for-second-time-this-week/

It’s nice to see NC get a share of auto manufacturing with Vin.  It seems like SC dominates auto jobs in the region.

[CLT2014]

19 minutes ago, KJHburg said:

Getting back on track  NC ranked #1 business climate by 2 organizations in 1 week with different criteria used is impressive.    Heard the NC pipeline is full of $1 B projects hopefully the Charlotte metro will get its share.  But again need to say we need get a couple of megasites going in this region or we can watch multi billion plants go elsewhere.   I believe it is even more important now as office leasing across the country has slowed since Covid and you need to be present at a manufacturing facility.  Not to mention supply chain and lessen foreign dependence of other countries.  

https://wraltechwire.com/2022/07/14/nc-ranks-1-for-its-business-climate-for-second-time-this-week/

Who is responsible for assembling megasites and buying up the land from individual land holders / improving the infrastructure to the site? Kings Mountain, Salisbury, and Monroe seem like the most likely areas to have the space and interstate / highway access needs to compile a megasite + being close enough to residential areas for employment. 

[KJHburg]

2 minutes ago, CLT2014 said:

Who is responsible for assembling megasites and buying up the land from individual land holders / improving the infrastructure to the site? Kings Mountain, Salisbury, and Monroe seem like the most likely areas to have the space and interstate / highway access needs to compile a megasite + being close enough to residential areas for employment. 

It is a local effort like with local EDC agencies, the Charlotte Regional Business Alliance should be leading this.  I believe Lincoln, Iredell, Catawba, Union, Stanly every ring or outer ring county should be exploring this.  Usually need 800-1000 acres plus.   

[Windsurfer]

2 hours ago, KJHburg said:

It is a local effort like with local EDC agencies, the Charlotte Regional Business Alliance should be leading this.  I believe Lincoln, Iredell, Catawba, Union, Stanly every ring or outer ring county should be exploring this.  Usually need 800-1000 acres plus.   

I wish we'd be just as concerned about saving mega-natural sites. How does bulldozing thousands of land contribute to Urban living, which I thought this forum would appreciate more?  Quality of life matters.

[CLT2014]

2 hours ago, Windsurfer said:

I wish we'd be just as concerned about saving mega-natural sites. How does bulldozing thousands of land contribute to Urban living, which I thought this forum would appreciate more?  Quality of life matters.

Many of the things urbanites buy and use in the city, from our phones, our computers, our cars, our food, our plastic packaging insulating our Amazon delivery,  our food plastic wraps, our light rail trains, et... are manufactured at large sites in more suburban or rural areas. This stuff we use gets made somewhere, hence it will always be in "somebody's backyard." This enables cities to focus on urban living rather than manufacturing / making stuff. The cities like Charlotte get to have the corporate jobs of companies like Honeywell, while the rural and suburban areas have the plants building all the stuff Honeywell makes. It is a symbiotic relationship. 

Another major reason plants often end up in rural areas is urban residents don't like them. They don't contribute to a walkable grid, they may be loud, they aren't usually beautiful, and they usually aren't the best use of valuable in town land that could go to housing, retail, and office uses. A great example is how eagerly we all await for Charlotte Pipe and Foundry to move out of the city, freeing up that acreage in the city center for other uses. Places like Charlotte Pipe have to go somewhere on this planet though, so once they leave the city, they will likely go for a more rural area. Nobody in a city is going to be happy to have a pipe factory open up against their backyard. And whatever replaces the Charlotte Pipe facility.... will probably use their products, because unless we live in a tent, we all benefit from PVC and cast iron pipes allowing us to flush the toilet, get tap water, et.

Edited July 15, 2022 by CLT2014