Major Investments Drive Jobs Across North Carolina
11/25/2025, 8:04:28 PM | United States
Aerospace
North Carolina secured multi‑sector investments—from rare‑earth magnets to pharmaceuticals and batteries—creating thousands of jobs and strengthening supply chains.
Governor Josh Stein announced a series of major investments across North Carolina that span advanced manufacturing, pharmaceuticals, logistics and clean energy.
Highlights include VectorTex USA establishing its first North American manufacturing facility in Elizabethtown with a $6 million investment and 44 new jobs, and Eaton’s $6.8 million Middlesex expansion adding about 30 aerospace manufacturing roles.
Pharmaceutical giant Novartis will invest $771 million in Durham and Morrisville, projecting 700 jobs by 2030, while Aspida Financial Services plans a phased headquarters expansion in Durham creating 1,000 positions with a $28+ million investment.
Global logistics firm Maersk selected Charlotte for its North American headquarters, investing $16 million and adding roughly 520 jobs. Automotive and battery sectors also saw large commitments: Scout Motors will locate a corporate HQ in Charlotte with 1,200 jobs and Toyota opened a $13.9 billion battery plant in Liberty expected to create over 5,100 jobs.
Notably, Vulcan Elements announced a $918.1 million magnet factory in Benson to produce rare-earth magnets, adding 1,000 jobs and aiming to be the largest facility outside China. Fit Precast will build a $102 million concrete plant in Gastonia with 125 jobs. Officials also highlighted Renew NC’s home rehabilitation work following Hurricane Helene.
State leaders say the investments strengthen regional supply chains, high-tech manufacturing capacity and workforce development.