May 25, 2024

Cocoabar21 Clinton

Truly Business

EDPNC, Alamance saw position progress, expense wins in 2020

3 min read

A new report reveals that Alamance County skilled expansion and new expenditure previous yr despite a world economic slowdown because of to the coronavirus.

The Financial Enhancement Partnership of North Carolina launched its 2020 Annual Report very last 7 days, such as particulars of new investments and position advancement in Alamance County.

The Economic Development Partnership of North Carolina 2020 Annual Report

The EDPNC is effective with neighborhood and condition associates to recruit new companies to North Carolina, close growth deals and make new jobs. In 2020, the EDPNC served shut 147 new corporate area and expansion discounts, generating additional than 20,000 employment and $6.3 billion in cash investments.

The new investment decision whole was the state’s greatest in the past ten years, regardless of the worries 2020 brought to the company group. The number of new work opportunities related to these tasks was the second-greatest in the previous decade, just somewhat lessen than 2019’s 21,675 employment, according to the report.

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“The EDPNC, together with the full state, faced unparalleled headwinds in 2020 thanks to the COVID-19 pandemic,” reported Christopher Chung, chief executive officer of the EDPNC. “Nonetheless, we saw robust effects in our operate with neighborhood and state companions to recruit new company amenities to the condition. We did this even as the EDPNC also deployed new ways to assistance our really hard-hit tourism field, as effectively as our exporters, existing brands, and other smaller corporations.”

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