Looking Ahead in 2019
Here at the EDC, we are very focused on product development in 2019. When it comes to economic development, creating new “product” from conception to market is a complex and arduous process with a lifecycle that can extend for years.

Take a drive through Cabarrus County, for example, and you’ll see expansive acres of land that appear ripe for development. But what many people don’t realize is there’s a long list of behind-the-scenes hurdles to clear before a piece of land can be transformed into a site-ready product.
iFLY to Open in March
If you have driven on I-85 near Concord Mills Mall lately, you have undoubtedly seen an interesting new structure. This is the site of iFLY, an exciting new attraction set to open in March.

The facility will feature the iFly tunnel, a 12-foot-in-diameter chamber, which replicates the free-fall experience of skydiving. It is open to those age 3 and up. iFly offers a number of different packages, including multiple flights, the ability to share flights and group options.

Economic Impact:
  • $10 million property tax investment
  • 25+ new jobs with wages above the county average wage
Concord-Padgett Regional Airport noted for economic contributions in NC
Jason Huddle, Cabarrus Magazine
In a report released this week, Concord-Padgett Regional Airport (JQF/USA) is listed as one of ten commercial service airports in North Carolina, and airline partner Allegiant Air, which served nearly a quarter-million passengers in Concord going to six destinations.
California developer growing local presence with $17M spec building underway in region
Ken Elkins, Charlotte Business Journal
Triliad Development Inc., a California developer that has built at least three high-profile racing projects in Cabarrus County, is back with a huge speculative building in Kannapolis...the structure is being built solidly to suit a range of possible tenants, including those in distribution and manufacturing.
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