Category: Economic Development

John Deere Kernersville Expands Product Line in Forsyth County

John Deere will invest about $70 million to build a new 380,000-square-foot factory in Kernersville, an expansion of its John Deere Kernersville campus. The factory will produce small, 6-10 metric ton, excavators and is expected to add about 150 new jobs. Currently, about 600 salaried and production employees work at the Kernersville campus. “Kernersville has… Read More »

Greater Winston-Salem, Inc. and the Winston-Salem Alliance Announce Merger

Greater Winston-Salem, Inc. (GWSI) and the Winston-Salem Alliance are pleased to announce a combination that aligns with the strategic priorities of both organizations and further streamlines economic and workforce efforts in Winston-Salem and Forsyth County.  The Board of Directors of the Winston-Salem Alliance has voted to approve a merger with Greater Winston-Salem, Inc., which will… Read More »

Winston-Salem Ranked One of Top 15 Cities to Start a Business

 #2 Nationwide for Favorable Business Costs, as ranked by Wallethub A new ranking of large cities in the US finds Winston-Salem one of the best cities to start a business. Winston-Salem is #15 overall on the 2024 ranking issued by WalletHub, and #2 for business costs.  The ranking compares 100 US cities with a population… Read More »

Electro-Mechanical Manufacturer Radél Establishes US Presence in Forsyth County

 South African company to build power electronics production facility  The South African based manufacturer Radél is announcing a new, state-of-the-art facility to build power electronic assemblies. Radél has selected a site on Mercantile Drive in Winston-Salem for its US operations. The project is expected to generate $9 million in capital investment and 50 jobs over… Read More »

Charter Medical’s Innovation Hub Joins Innovation Quarter

New Location Provides Cryopreservation and Expanded Capabilities to Support Single-Use Technologies for the Biopharma Industry Winston-Salem-based Charter Medical announced it has established its new Innovation Hub in downtown Winston-Salem’s Innovation Quarter. The Innovation Hub features a state-of-the-art lab space where single-use studies for freezing, transportation, and protection will be performed to support the biopharma industry’s… Read More »

Winston-Salem is a National Leader in Life Sciences Growth

A new report on life sciences construction around the US finds the Triad in the top ten US markets for life sciences growth, driven by the developments underway for Innovation Quarter Phase 2. The report from Commercial Search examines how much square footage cities have under construction for life sciences projects. The findings show traditional… Read More »

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