Category: Economic Development

ProKidney Expands Headquarters and Manufacturing in Forsyth County

ProKidney, a biotech company focused on treating chronic kidney disease (CKD), has announced that it will expand its headquarters in Winston-Salem. ProKidney will expand its footprint of manufacturing, office, and lab space in facilities on Westpoint Drive and Empire Drive. The expansion will generate $21 million in capital investment and 50 new jobs by 2027. … Read More »

WSPR Fund Invests in STEMZ

 The Winston-Salem Partners Roundtable, an angel investment fund that offers capital to early-stage growing companies in Winston-Salem and Forsyth County, has made an investment in the local startup STEMZ. STEMZ is a logistics & tech-focused company working to build consistent and convenient distribution systems for US-grown flowers. The company works to streamline the process of… Read More »

Wake Forest University Announces Vision for Deacon Boulevard Redevelopment

Wake Forest University will explore redeveloping University-owned property, east of the Reynolda Campus adjacent to Allegacy Stadium, Couch Ballpark, and the Lawrence Joel Veterans Memorial Coliseum. The University selected Atlanta-based Carter with Winston-Salem-based Front Street Capital to collaborate on possibilities in the area. Wake Forest and Carter/Front Street are collaborating with the City of Winston-Salem to develop… Read More »

John Deere Electric Powertrain Expansion

Deere and Company has acquired majority ownership of Kreisel Electric, an Austrian manufacturer of lithium-ion battery systems, which allows the companies to work in tandem to advance the development of hybrid and electric off-road equipment. Kreisel will locate adjacent to John Deere’s existing Kernersville manufacturing facility on Mountain Street with an expansion that will generate… Read More »

Mid-Year Analysis: Q2 Report

PDF Download The bulk of this quarter’s report breaks down the data and insights we’re tracking for our community, along with feedback shared from our keynote speaker at the State of the Economy, NC Secretary of Commerce Machelle Baker Sanders. Access the latest metrics of our project pipeline, talent recruitment efforts, workforce development, and more. Quarterly… Read More »

State of the Economy

Greater Winston-Salem, Inc. held the State of the Economy event presented by Wake Forest University on June 14, featuring NC Secretary of Commerce Machelle Baker Sanders as the keynote speaker. As a center of economic activity, Winston-Salem is poised for continued economic attraction and retention in 2023 and beyond. With just under 1,600 new jobs… Read More »

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