A Message From Our Executive Director
During these unprecedented times, our corporation’s responsibility is to continue working as a hub of communication for the business community. We are witnessing large scale disruption to key sectors of industry. This has impacted both jobs and availability as well as revenue to our community across the board.

Driving job opportunities into our community as well as revenues to our government partners has never been more important than during these times. In many ways, we will all have to challenge previous definitions of what success in economic development looks like.

As this situation continues to progress, our corporation will continue to reassess our community’s economic development needs moving forward.
It's Almost Economic Development Week
Communities all around the world are preparing to participate in Economic Development Week (EDW) from May 4-9, and so are we. EDW comes at a time of uncertainty as our lives are all being impacted by the COVID-19 outbreak. We hope to use this as an opportunity to share information with you about our local programs and explore how they may benefit you, other residents and local businesses.

Hem Mills Switches to Producing Only Elastic for Surgical Masks & Badger Shields
Local hemp manufacturer, Hem Mills, has completely switched over to producing elastic to help meet demands during the COVID-19 outbreak. There is a huge shortage of one-inch elastic for companies that are making badger shields and surgical masks to protect medical workers.

GoldenHome International to Establish North American Headquarters in Concord, NC
GoldenHome International, one of the world's leading residential cabinet makers, announced plans to establish its North American headquarters in Concord, NC. The company, which produces premium quality, name brand cabinets for the global markets, plans to base production, business operations, R&D, distribution, marketing and training at its new outpost at The Grounds at Concord.

Featuring: Samantha Grass, Recruitment Project Manager at Cabarrus EDC
Q: How has COVID-19 impacted interest in Cabarrus County from businesses?
A: Regarding new business activity over the past 8 weeks, activity is still very strong. We were able to announce GoldenHome International in April and are actively working with three companies that will be making a location decision in the coming weeks. There are three additional projects as well that are very active that we are assisting on a weekly basis as they evaluate possible locations in Cabarrus County. Those projects were of course in the pipeline before the Covid-19 pandemic began in the US.
On average, we usually receive 10 new project requests each month. The number of new requests so far for the month of April is 4. I expect the number of new inquiries over the next few months will be down. Many of the requests that we have responded to over the last few weeks stated that company leaders hope to visit suitable properties as soon as it is safe to travel so location decisions will be pushed out until they are able to visit communities and tour properties.

>> Click here to view the March 2020 Project Activity Report (PDF).

>> Email us your questions and we'll answer in an upcoming newsletter.