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In The News 2. July 2018

North Carolina’s top job-creating development projects

Featured in Business North Carolina

Economic Development

North Carolina’s reputation as a jobs magnet keeps rocking along: It was first in Site Selection magazine’s 2018 Prosperity Cup ranking of most competitive business states and first in Forbes’ best-states-for-business listing. Just missing a trifecta, the state settled for third in CEO magazine’s rankings.

The kudos reflect investment decisions that show up on Business North Carolina’s annual list of the biggest projects announced during the year ending May 31. It’s based on projected job-creation goals with information provided by state and local economic developers and the companies. Actual hiring will vary, as business plans change, some for the better and others not so much. About two-thirds of the projects include state incentives.

Half of this year’s list includes projects occurring outside Durham, Mecklenburg and Wake counties. That’s refreshing news for state officials, who want less-populated areas also to benefit from the strengthening economy.

Sitehands
Charlotte

NEW JOBS: 249
COUNTY: Mecklenburg
PROJECTED INVESTMENT: $3.9M
N.C. INCENTIVES: None

The IT service management company was formed in Charlotte in 2016 by CEO JP Rosato. Sitehands raised nearly $25.7 million in its last financing round, completed in March. The company plans to initially lease 15,000 square feet of space in downtown Charlotte.

Click here to see a PDF of the projects list

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