Governor Josh Stein of North Carolina is advocating for increased investment in the state at the U.S. Department of Commerce’s SelectUSA Investment Summit. Participating in the “Governors Attracting Global Investment” panel, Governor Stein emphasized North Carolina’s advantages for foreign investment. These advantages include a strong workforce, innovative industries, and strategic location. The summit provided an opportunity for Governor Stein to engage with international companies and leaders from various nations.
Governor Stein highlighted North Carolina’s strengths, stating that the state offers a robust value proposition to investors. He noted that economic development in North Carolina is supported by a collaborative approach, with a focus on innovation and workforce readiness. N.C. Commerce Secretary Lee Lilley added that foreign direct investment is crucial for the state’s economic strength, bringing new capital and opportunities. The panel discussed North Carolina’s investments in workforce development, site development, and long-term partnerships.
Governor Stein also pointed to recent significant investments in the state by foreign companies, such as Toyota’s first battery plant in North Carolina, representing a $13.9 billion investment and creating over 5,100 jobs. Another notable investment came from Novo Nordisk, which announced a $4 billion investment in Clayton, creating 1,000 jobs. These investments highlight North Carolina’s appeal to major global corporations.
Since 2020, countries like Japan, Germany, China, Canada, Italy, and the United Kingdom have been top investors in North Carolina. The state’s strategic location on the East Coast and its transportation infrastructure, including a major hub for American Airlines in Charlotte, enhance its accessibility to global markets. Governor Stein remains committed to developing the workforce and expanding job opportunities throughout the state.
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