NORTH CAROLINA'S SOUTHEAST BUSINESS CLIMATE
Let us connect you to the assets that are critical to your company’s success and growth. North Carolina’s Southeast is a public/private economic development organization which provides free, confidential services to business owners, site consultants, and industrial real estate executives around the world.
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51% of the population is in the prime working age range.
North Carolina’s Southeast has 15.4% of its population between 20 and 29 years old – entry level worker years – and another 35.6% in the experienced worker age ranges, ensuring a supply of eager employees for businesses considering the region.
- 775,000+ labor force
- 37.4 average age of population
Beyond the civilian workforce, NCSE has a military labor force of more than 81,000. These men and women in uniform receive highly specialized training during their years of service, which sets them up for success once their commitment ends. Every year, more than 18,000 service members exit our 7 military installations and look to join the workforce in their field of training.
New Capital Investment*
* Denotes Totals Since 1996
Incubator Guide Serves As Roadmap For Communities Seeking To Aid Entrepreneurs And Smaller Industrial FirmsLocal Companies Part of Southeast’s Updated Economic Vision
December 7, 2020 (Elizabethtown, N.C.) A 24-page guide of Southeastern North Carolina’s business incubators will help local economic developers and their educational and community partners support the success of small companies. The “Small Business and Industrial Incubator Guide” features details of the 18-county region’s 13 entrepreneurial and industrial incubators. It was developed by North Carolina’s Southeast with financial support from the U.S. Economic Development Administration.
“As stewards of their regions, state and communities, economic development professionals strive to create an environment where businesses of all sizes can find synergies that maximize competitive advantages, market access, labor force quality, infrastructure, and other physical assets,” the Guide says. “The result is job creation, rising wage levels, enhanced tax-base and the elevated quality of community life that accompanies economic diversification and resilience.”
Sanctuary Systems, a developer and marketer of fiber technology and nonwoven materials, will create 118 jobs at a new facility in the Town of Fremont, local officials said Thursday. The project brings Wayne County a capital investment of $4.9 million. Among Sanctuary’s products are high-quality face coverings and other personal protective equipment (PPE). READ MORE
Four Wilmington companies are the finalists of the inaugural NC BIONEER Venture Challenge aimed at enhancing life sciences and biotechnology business ventures in the region, according to an announcement Thursday. Accugenomics, Electronic Lab Logs, IndiOmics and Isosceles Pharmaceuticals were selected to participate in a two-month process of “intense mentoring,” stated a news release. The competition, launched by N.C. Biotechnology Center Southeastern office and the University of North Carolina Wilmington Center for Innovation and Entrepreneurship, is a biotech-focused entrepreneurial initiative for Southeastern North Carolina that launched earlier this year. READ MORE
Construction is expected to begin this fall on the first facility inside the International Logistics Park of North Carolina (ILP) on the Columbus-Brunswick county line. READ MORE