New business projects add up.
Author | Wood, Suzanne |
Position | SPONSORED SECTION |
Business in the Triad has been brisk: In the last year, jobs were created, plants were expanded, ground was broken for new buildings and headquarters locations were selected. All this activity has led to recognition for the Triad region in the pages of Site Selection magazine.
The magazine, which is read by corporate recruiters and executives, named the Greensboro-High Point region--which consists of Guilford, Randolph and Rockingham counties--as No. 2 in the country for new business projects in 2017 among communities in the 200,000 to 1 million population range. To meet the magazine's criteria, projects must involve new construction, and they should either add at least 20 jobs, increase a facility by at least 20,000 square feet, or have a price tag of at least $1 million in construction costs. (Site Selection doesn't count projects involving schools, hospitals, government agencies or retail.) The three counties saw a total of 41 qualifying projects take shape last year.
The Triad was second only to Omaha, Nebraska, which local officials say beat out the Triad by a mere single project. Rounding out the top five regions were neighbors Charleston and Greenville, S.C., and Toledo, Ohio.
The Triad area has made the magazine's Top 10 list every year since 2006. Some of the big projects that helped Greensboro-High Point land on the 2017 list include Alorica's plans to add 500 jobs in High Point; Pratt Industries' announcement of 400 new jobs in Guilford County; Fibertex's decision to invest $114 million and create 145 new jobs in Rockingham County; and furniture company Caracole's new, $20 million showroom at the High Point Furniture Market.
Then there's Ecolab's Kay Chemical division in Greensboro, which is completing its 36,000-square-foot office expansion--its fourth since 1967. Coca-Cola Bottling said it would build a new 135,000-square-foot facility with an investment of at least $4...
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