North Carolina is stepping into the spotlight as a prime destination for foreign investment, advocated by Governor Josh Stein at the SelectUSA Investment Summit. With an emphasis on the state’s competitive edge, Stein aims to attract more global businesses to the region, citing the state’s robust workforce and strategic industry developments.
Participating in the Governors Attracting Global Investment panel, Governor Stein underscored, “Economic development is a team sport, and no team works harder than Team North Carolina.” He emphasized the state’s innovation hubs and the readiness of its workforce, a sentiment echoed by N.C. Commerce Secretary Lee Lilley: “Foreign direct investment plays a powerful role in strengthening our economy and bringing new capital, new ideas, and new opportunities to communities across our state.”
During the summit, discussions with Governors from Maryland, Nebraska, and Oklahoma highlighted North Carolina’s strategic initiatives in workforce and site development, alongside its targeted industry focus. Notably, North Carolina is ranked as the 2025 Top State for Business, a testament to its economic potential. The event also facilitated meetings with foreign delegates and ambassadors from nations such as Austria, Canada, and China, fostering international relationships.
Significant investments in the state include the opening of Toyota’s first battery plant, a $13.9 billion project that promises over 5,100 jobs. Similarly, Denmark’s Novo Nordisk has committed over $4 billion to expand its pharmaceutical operations in Clayton, adding 1,000 jobs to Johnston County. These ventures underscore North Carolina’s allure to international investors.
Since 2020, major investments have poured in from countries like Japan, Germany, and China, thanks to North Carolina’s appealing location on the East Coast, offering access to global markets. Charlotte’s airport, a major hub for American Airlines, provides more nonstop flights than any other city of its size, enhancing the state’s connectivity.
Governor Stein remains committed to bolstering the state’s workforce, recently proposing a budget for FY 2026-2027 that aims to expand job opportunities. This includes funding for youth apprenticeships via NC Career Launch, support for state government apprenticeships, and grants for small businesses. His initiatives are designed to meet the demands of burgeoning sectors such as advanced manufacturing and healthcare.
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