North Carolina

Sectors it is courting

• Aerospace and Defense
• Business and Professional Services
• Food and Beverage
• Healthcare
• Information and Communication Technology
• Textiles and Apparel
• Automotive
• Cleantech/Clean Energy

Investment it is seeking from

• Austria
• Canada
• China
• Denmark
• Germany
• Italy
• Japan
• Spain
• Switzerland
• United Kingdom
• France
• Finland
• Netherlands
• Sweden

Supply-chain projects it is looking for

Active Pharmaceutical Ingredients (APIs), Biotechnology, Electric Vehicles (EVs), Large Capacity Batteries, Medical Devices, Semiconductor Manufacturing and Advanced Packaging

Site-selection services it offers

EDPNC provides various aspects of assistance to potential foreign investors, from site selection, extensive data gathering, incentive package development, and connections to appropriate state and municipal agencies. EDPNC is a non- profit organization, and all of their services are free of charge. Project managers will assist potential investors through the entire process of site selection, through initial RFI’s and site lists, site visits and negotiations with developers and landowners, incentive package development, and any other tasks related to relocation or expansion to the state.

Incentive programmes

• Grant

  The Job Development Investment Grant (JDIG) is a performance-based, discretionary incentive program that provides cash grants directly to new and expanding companies to help offset the cost of locating or expanding a facility in the state. The amount of the grant is based on a percentage of the personal income tax withholdings associated with the new jobs.The amount of a JDIG award is calculated by weighing several factors to determine its potential value, including the location of the project, the county tier designation, the number of net new jobs, the wages of the jobs compared to the county average wage, the level of investment and whether the industry is one of the state’s targeted industry sectors. Grant funds are disbursed annually, for up to 12 years, to approved companies following the satisfaction of performance criteria set out in grant agreements. The One North Carolina Fund (OneNC) is a discretionary cash-grant program that allows the Governor to respond quickly to competitive job-creation projects. The North Carolina Department of Commerce administers OneNC on behalf of the Governor. Awards are based on the number of jobs created, level of investment, location of the project, economic impact of the project and the importance of the

University and workforce programmes

• Research Triangle Park

  Research Triangle Park (RTP) in North Carolina is the largest research park in North America. RTP is home to more than 200 of the world’s most innovative companies, employing over 50,000 people. Forming the shape of the well renown "triangle" region, North Carolina offers one of the nation’s most well-known education systems, supplying companies a pipeline of skilled workers and unparalleled access to R&D resources. Among North Carolina’s 53 colleges and universities, there are three Tier 1 research universities – Duke University, UNC Chapel Hill and North Carolina State University all located roughly 15 miles apart from each other. There are also opportunities to partner with each of the universities mentioned for both research and development as well as and workforce recruiting.

Additional services

EDPNC looks to engage companies on a worldwide scale. EDPNC has specific expertise and language capability in a variety of European languages (e.g., German, French, Italian, and English), as well as Japanese and Mandarin Chinese.

Investor account, as submitted

"North Carolina is well-known for innovation — with a talented technology workforce; a diverse economy; a vibrant startup community; and top-tier universities and community colleges. Together, we can drive the digital transformation of vital U.S. industries." Dr. Vishal Sikka, Former CEO, Infosys

Submitted by the economic development organisation, not independently verified.

Who to contact

• Anders VictorDirector, Business Developmentanders.victor@edpnc.com(919) 236-3459

150 Fayetteville Street, Suite 1200, Raleigh, NC 27601