2024 Annual Comprehensive Report

The NC Carolina Core , a 120-mile corridor that stretches along U.S. Highway 421 from Winston-Salem, through Greensboro and then southeast to Fayetteville, is home to four megasites totaling 7,200 acres of certified land. Megasites approximately 1,000 acres or more, are properties that can house a large manufacturing facility. Three of the four megasites along the Carolina Core are within 35 miles of downtown Greensboro, the Piedmont Triad International (PTI) Aerospace megasite, the Greensboro-Randolph megasite and the Chatham Advanced Manufacturing megasite (CAM). A fourth megasite, Triangle Innovation Point, is located approximately 30 miles southeast of the CAM megasite. During 2022 and 2023, significant advanced manufacturing projects were announced at the four megasite locations. The Carolina Core provides growing economic synergy among aerospace, vehicle electrification, renewable energy and semiconductor manufacturing industries. With these projects comes extensive economic growth for builders, suppliers, service providers, workers and government entities. The Carolina Core, rich in strong infrastructure, skilled workforce, educated talent, economic incentives, affordability, entertainment and outdoor recreation, is positioned for high impact growth. The PTI Aerospace megasite , just 10 miles west of downtown Greensboro and connected to PTIA, has significant opportunity for commercial and industrial development. In January 2022, Boom Technology, Inc. doing business as Boom Supersonic, announced plans to locate its first manufacturing plant at the PTI Aerospace megasite. Boom Supersonic is developing a sustainable, supersonic aircraft capable of speeds twice as fast as today’s commercial airliners. The company plans to invest $500 million in the project and have the Overture aircraft ready to begin service in 2029. In June 2024, Boom completed construction of its 180,000 square foot main assembly facility, which is valued at $60 million. Boom plans to employ approximately 1,750 workers at an average annual salary above $60,000 in the project by 2030 and 2,400 employees by 2032. With an additional 1,000 acres available at the megasite and nearly 200 aerospace companies nearby, this area can accommodate continued growth.

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