The Latest On What's Happening With The Chamber & Our Members


Category Archives: Economic Development

Economic Development Update: Hyatt Place coming to downtown Winston-Salem

New Hyatt Place hotel featuring modular construction coming to downtown Winston-Salem

Mayfair Partners plans to use a modular stacked method using cold-formed steel to construct a new Hyatt Place hotel (NYSE: H) on a lot adjacent to the Hotel Indigo it is developing in Winston-Salem’s historic Pepper Building, according to principal Simon Burgess.

Burgess said that modular construction would reduce the construction time from 15 to seven months. He said the stability of modular design was as good or better than in traditionally built structures.

To read Triad Business Journal’s full article, click here.


Exciting news is being announced about new development projects happening in or around Winston-Salem/Forsyth County. Click here to access an archive of local news articles, for your reference, regarding these announced projects.

Economic Development Update: New Residence Inn opens in the Triad

A new Residence Inn by Marriott opens in Winston-Salem

BPR Properties, the High Point-based hotel developer, is opening its new Residence Inn by Marriott in Winston-Salem, said Birju Patel, president of the company.

The 108-suite hotel, which is located at 3885 Oxford Station Way, was announced in 2014. It was originally reported that the project would cost $12 million. The hotel is located near Hanes Mall.

To read Triad Business Journal’s full article, click here.


Exciting news is being announced about new development projects happening in or around Winston-Salem/Forsyth County. Click here to access an archive of local news articles, for your reference, regarding these announced projects.

Economic Development Update: Study says North Carolina is best state for starting a business

North Carolina is top-ranked for new businesses

Entrepreneurs and business owners need look no further than the Tar Heel state to set up shop — North Carolina came out on top in a new study of the best states to start a business.

The study, conducted by Fit Small Business, cited the state’s labor market and taxes as driving an ideal environment for business owners. Fit Small Business, out of New York City, says it provides research to help small business owners make wiser decisions.

To read Triad Business Journal’s article, click here.

To read Fit Small Business’ full article, click here.


Exciting news is being announced about new development projects happening in or around Winston-Salem/Forsyth County. Click here to access an archive of local news articles, for your reference, regarding these announced projects.

Economic Development Update: Winston-Salem is 3rd best city for young IT professionals

Winston-Salem top-ranked for IT Professionals

Winston-Salem is one of the top cities for young professionals in the IT industry, according to a new ranking by Right Click, an online newsletter of Verizon focusing on technology news and guides.

Winston-Salem is ranked 3rd on the list of the best cities in the U.S. for young IT professionals, which noted the city’s business and arts scene, along with the presence of Wake Forest University.

To read the Triad Business Journal’s full article, click here.


Exciting news is being announced about new development projects happening in or around Winston-Salem/Forsyth County. Click here to access an archive of local news articles, for your reference, regarding these announced projects.

Economic Development Update: Duke Eye Center, Whitaker Park, West End Station Apartments

Construction starts on new Duke Eye Center location in Triad

The new center will allow for an expansion of glaucoma-related treatment services and pediatric ophthalmology. To read the Triad Business Journal’s full article, click here.

With Reynolds donation complete, here’s what’s next for Whitaker Park

Reynolds has donated 120 acres of prime commercial and industrial land, along with buildings totaling about 1.7 million square feet. To read the Triad Business Journal’s full article, click here.

Work begins on $35 million, new downtown luxury apartments in Triad

The 229-unit building will include enclosed parking, saltwater swimming pool, fitness center, and elevated and landscaped courtyards. To read the Triad Business Journal’s full article, click here.


Exciting news is being announced about new development projects happening in or around Winston-Salem/Forsyth County. Click here to access an archive of local news articles, for your reference, regarding these announced projects.

Chamber Assists Company with Creating 100 New Jobs

With the approval of local incentives from the City of Winston-Salem and Forsyth County, the Winston-Salem Chamber of Commerce is confirming that Corning Optical Communications LLC is expanding operations in Forsyth County.  The company plans to create 100 new jobs and invest at least $30 million to expand its optical cable production plant in Winston-Salem.

“Corning’s confidence in our community shows once again that manufacturing is a viable industry in the Triad and the State,” said Gayle Anderson, President of the Chamber. “The financial investment from local government and the State of North Carolina was a critical component, along with Forsyth Tech’s assistance with training. The incentives enable the company to create 100 new, good jobs and that the taxes generated will provide much needed revenue for essential government services.”

“Corning is in its 45th year of delivering high-performance fiber optic solutions to global network operators, and our Winston-Salem cabling facility has played a key role for over 20 of those years,” said Clark S. Kinlin, executive vice president, Corning Optical Communications. “This expansion, which positions us to better meet short-term demand and expected future growth in our key markets, would not be possible without the ongoing support of local, county, and state government entities. We greatly appreciate their partnership in creating a win for Corning, for the Winston-Salem community, and for our highly-skilled, dedicated employees who work and live here.”

Corning Optical Communications is a $3 billion segment of Corning Incorporated that employs more than 3,000 people throughout North Carolina across multiple operations and ventures.

The local effort was led by the Winston-Salem Chamber’s economic development team and received assistance from  N.C. Commerce, EDPNC,  the North Carolina General Assembly, the North Carolina Community College System, Forsyth County, and the City of Winston-Salem,

For more information on job opportunities with Corning, visit www.corning.com/careers and search for job number 180312.

Economic Development Update: Restaurant chain opens new location in Winston-Salem

Red Robin is coming to Winston-Salem

A $724,000 building permit has been issued for the restaurant, to be built at 188 Hanes Mall Circle. To read the Triad Business Journal’s full article, click here.


Exciting news is being announced about new development projects happening in or around Winston-Salem/Forsyth County. Click here to access an archive of local news articles, for your reference, regarding these announced projects.

Economic Development Update: Hospitality Ventures completes purchase of downtown hotels

Atlanta group pays $27 million for Winston-Salem hotel properties

The new owner of two downtown Winston-Salem hotel properties spent $27.35 million on its purchase. Hospitality Ventures Management Group closed July 26 on the 315-room Marriott and the 146-room Embassy Suites. Plans have been made to spend more than $20 million on renovations, raising the overall project investment to more than $47 million. To read the Winston-Salem Journal’s full article, click here.


Exciting news is being announced about new development projects happening in or around Winston-Salem/Forsyth County. Click here to access an archive of local news articles, for your reference, regarding these announced projects.

Economic Development Update: O’Hanlon Building renovations, Marriott and Embassy Suites acquisitions

Renovations coming to O’Hanlon Building

O’Hanlon Building at the corner of Fourth and Liberty streets was bought by a Chapel Hill real estate developer with interior renovation plans. To read the Winston-Salem Journal’s full article, click here.

Marriott and Emabassy Suites acquired

Two downtown Winston-Salem hotel properties — Marriott and Embassy Suites — were acquired by Hospitality Ventures Management Group of Atlanta. To read the Winston-Salem Journal’s full article, click here.


Exciting news is being announced about new development projects happening in or around Winston-Salem/Forsyth County. Click here to access an archive of local news articles, for your reference, regarding these announced projects.

Economic Development Update: Gabe’s Store Opens on Peters Creek Parkway

Gabe’s Store Opens on Peters Creek Parkway

Gabriel Brothers Inc. opened a Gabe’s store on July 23, 2016, at Brewer Crossing Shopping Center in Winston-Salem. To read the Winston-Salem Journal’s full article, click here.


Exciting news is being announced about new development projects happening in or around Winston-Salem/Forsyth County. Click here to access an archive of local news articles, for your reference, regarding these announced projects.