Economic Development Year in Review 2021-22

SEPTEMBER 2022 Core Technology Molding

NOVEMBER 2022 The United Kingdom-based IQE Semiconductor announced it would expand its Greensboro operation with 31 new jobs by the end of 2026. In July, City Council approved incentives up to $37,755 to assist the company with improvements at its 494 Gallimore Dairy Road site and new machinery and equipment purchases for a total investment of $7.1 million. IQE makes wafers for applications for the wireless, optoelectronic, electronic, and solar device industries. Most new employees will be technicians and engineers earning an average salary of $65,968.

JULY 2022

Corporation was awarded a $2.1 million US Economic Development Administration grant to expand its facility at Gateway Research Park on Gate City Boulevard in east Greensboro. In January, City Council authorized matching funds of $750,000. These funds and Core Tech’s private investment will enable the minority-owned injection molding company to create 33 new jobs, and retain 35 jobs to meet demand from clients in new industry sectors. The expansion is expected to start in the first quarter of 2023, with production later in the year.

City Council approved an agreement to reimburse up to $500,000 worth of sewer improvements for a new Topgolf location off Guilford College Road. Topgolf is a sports entertainment complex with locations worldwide.

PTI available space Blue area is available for future development.