Economic Development

The Economic Development Partnership works with the NC Department of Commerce, Research Triangle Regional Partnership, Research Triangle Foundation, Wake County Economic Development, Raleigh Economic Development, and other partners to foster economic growth and job creation.

To achieve these goals, the Economic Development Partnership:

  • recruits new business and industry to NC State’s Centennial Campus, as well as the region and state, and assists organizations interested in expanding here;
  • cultivates relationships and provides critical connections to local and statewide resources and partners, including University researchers and scholars;
  • assists companies with talent location, workforce preparedness, and educational programs; and
  • helps rural and underdeveloped areas leverage University and state assets to grow their local economies.

The Economic Development Partnership also works across the University of North Carolina system to support new, emerging, and critical industry clusters such as advanced manufacturing, aviation and aerospace, biotech, defense and homeland security, nonwoven textiles, and sustainable energy/green technologies.

An excellent example is the work being done in the nonwovens textile industry, which has generated $3.5 billion in sales over ten years and created as many as 25,000 jobs (Triangle Business Journal, July 8, 2011). Twenty companies have invested in nonwoven textile facilities in North Carolina, many in rural areas in need of jobs. The reason? The Nonwovens Institute at NC State, a resource and asset that attracts companies to North Carolina from around the world. The Economic Development Partnership is a significant player in the growth of this and other industry clusters critical to the state’s future economic success.