North Carolina, December 4, 2025
North Carolina is on track to achieve record-breaking economic growth, with over 33,000 new jobs and nearly $23 billion in investments announced across 47 counties. The growth will bolster both urban and rural areas, with a focus on sustainable development and infrastructure. Governor Josh Stein’s initiatives promise a significant boost to the state’s economy, highlighted by major projects like Toyota’s Battery Plant and Scout Motors’ new headquarters. This strategic growth underscores North Carolina’s position as a leading destination for business and investment.
Raleigh, North Carolina
How North Carolina Is Set for Record-Breaking Economic Growth
North Carolina is set to achieve record-breaking economic growth in 2025, with Governor Josh Stein announcing the addition of over 33,000 new jobs and nearly $23 billion in investments across 47 counties, including many rural areas.
Key Economic Developments
- Job Creation: Over 33,000 new jobs have been announced, marking a record-breaking year for job commitments in the state.
- Investment Projects: Nearly $23 billion in investments have been secured, spanning 47 counties, with significant projects in both urban and rural regions.
- Notable Projects: Recent major investments include:
- Toyota’s Battery Plant: The start of production at Toyota’s first battery plant in North America.
- Scout Motors’ Headquarters: The announcement of Scout Motors’ new headquarters in Charlotte, creating 1,200 jobs.
- Vulcan Elements’ Rare Earth Magnet Factory: Vulcan Elements’ decision to invest nearly $1 billion in Johnston County, establishing the largest rare earth magnet factory in the world outside China.
Focus on Rural Economic Development
- Job Creation in Rural Areas: Nearly 5,000 new jobs and $12.5 billion in investments have been directed toward rural communities, aiming to build a foundation for long-term growth.
- Infrastructure Investments: Programs like SmBiz and the Rural Infrastructure Authority have been implemented to restore buildings, repair utilities, and rebuild public infrastructure in rural areas.
- Healthcare Improvements: A plan has been presented to the federal government through the Rural Health Transformation Program, seeking $200 million to improve care in 85 counties, focusing on expanding mental health services and supporting the rural health workforce.
Recognition and Rankings
- Top State for Business: North Carolina has been recognized as the top state for business in the country, attributed to its skilled workforce, business-friendly climate, and high quality of life.
- National Rankings: The state has been ranked highly in various national assessments, including being named the #7 Best Economy and #5 Best Growth in the country by U.S. News & World Report in 2025.
Conclusion
North Carolina’s strategic investments and initiatives have positioned the state for unprecedented economic growth in 2025, with significant job creation and substantial investments across both urban and rural areas, reinforcing its status as a leading destination for business and economic development.
Frequently Asked Questions (FAQ)
What is the projected economic growth for North Carolina in 2025?
North Carolina is set to achieve record-breaking economic growth in 2025, with Governor Josh Stein announcing the addition of over 33,000 new jobs and nearly $23 billion in investments across 47 counties, including many rural areas.
What are some of the major investment projects in North Carolina?
Recent major investments include:
- Toyota’s Battery Plant: The start of production at Toyota’s first battery plant in North America.
- Scout Motors’ Headquarters: The announcement of Scout Motors’ new headquarters in Charlotte, creating 1,200 jobs.
- Vulcan Elements’ Rare Earth Magnet Factory: Vulcan Elements’ decision to invest nearly $1 billion in Johnston County, establishing the largest rare earth magnet factory in the world outside China.
How is North Carolina supporting rural economic development?
Nearly 5,000 new jobs and $12.5 billion in investments have been directed toward rural communities, aiming to build a foundation for long-term growth. Programs like SmBiz and the Rural Infrastructure Authority have been implemented to restore buildings, repair utilities, and rebuild public infrastructure in rural areas. Additionally, a plan has been presented to the federal government through the Rural Health Transformation Program, seeking $200 million to improve care in 85 counties, focusing on expanding mental health services and supporting the rural health workforce.
What recognitions has North Carolina received for its economic performance?
North Carolina has been recognized as the top state for business in the country, attributed to its skilled workforce, business-friendly climate, and high quality of life. The state has been ranked highly in various national assessments, including being named the #7 Best Economy and #5 Best Growth in the country by U.S. News & World Report in 2025.
Key Features of North Carolina’s Economic Growth in 2025
| Feature | Details |
|---|---|
| Job Creation | Over 33,000 new jobs announced, marking a record-breaking year for job commitments in the state. |
| Investment Projects | Nearly $23 billion in investments secured across 47 counties, including significant projects in both urban and rural regions. |
| Rural Economic Development | Nearly 5,000 new jobs and $12.5 billion in investments directed toward rural communities, with programs like SmBiz and the Rural Infrastructure Authority supporting infrastructure and business development. |
| Healthcare Improvements | A plan presented to the federal government through the Rural Health Transformation Program seeks $200 million to improve care in 85 counties, focusing on expanding mental health services and supporting the rural health workforce. |
| State Recognition | North Carolina recognized as the top state for business, with high rankings in national assessments, including being named the #7 Best Economy and #5 Best Growth in the country by U.S. News & World Report in 2025. |
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