Economic Development Year in Review 2023

DREAM CENTER COMING TO EAST GREENSBORO In January, ImpactData announced at a project kickoff event that it will develop its flagship product, the Dream Center, in partnership with North Carolina A&T State University at Gateway Research Park South. The company, a minority-owned digital infrastructure firm, will build a 115,000-square foot facility, creating 28 new jobs paying an average wage of $60,714, and investing more than $108 million over the phases of the project. City Council authorized $530,359 in economic development incentives in 2022 for the new jobs and investment for this project. CHAMBER VP WINS STATE HONOR

CITY LEADERSHIP CONNECTING WITH BUSINESS LEADERS This year, the Greensboro Chamber of Commerce hosted several events for Mayor Nancy Vaughan and City Manager Taiwo Jaiyeoba to connect directly with the business and development community. In May, they met with developers about their vision for the community and discussed ways the City can make it easier to initiate projects and bring them to completion. Those recommendations ultimately culminated in a follow-up meeting where staff met with engineering firms to discuss improvements being made in the plan review process and to receive feedback on current practices. In August, the Triad Real Estate and Building Industry Coalition (TREBIC) hosted builders and construction firms to a networking breakfast with City staff and question-and answer session with Vaughan and Jaiyeoba (pictured above). The final meeting of the year was held in November. Tuggle Duggins Law Firm hosted executives from the community’s largest employers to a lunch with the Mayor and City Manager. The conversation covered a variety of ways to make Greensboro a community with endless economic opportunities and an exceptional quality of life.

The NC Economic Development Association named Marvin J. Price, Greensboro Chamber of Commerce executive vice president for economic development, as its Economic Developer of the Year. Price has a history of successful collaboration across public and private sectors that has spurred more than $4.7 billion in capital investment and more than 5,290 jobs

across Greensboro and Guilford County, including Toyota, Marshall Aerospace, Guerrilla RF, LT Apparel, Boom Supersonic and many more in recent years. TRIAD NAVIGATOR SUPPORTS MWBE ENTREPRENEURS The City is partnering with Launch Greensboro to support minority- and women-owned businesses and underconnected entrepreneurs. The City funds will be used to revamp the Triad Navigator website and design a new marketing strategy to connect entrepreneurs with resources and opportunities in our region. The program aims to build a pipeline of growing businesses. Learn more at triadnavigator.org. PROGRAM CONNECTS STUDENTS WITH INDUSTRY Campus Greensboro continued to grow its competitive Fellows Program in 2023 with a 27 percent increase in student participation from seven local colleges and universities. The 10-week summer program provided 95 students from diverse cultural backgrounds with leadership training, mentoring, and connections to paid internships at 36 employers. The

program aims to attract and retain talent to meet the needs of Greensboro’s developing economy. Forty three percent of the 2022 graduates accepted full-time employment in the greater Greensboro area within 12 months. Learn more at campusgreensboro.org.