North Carolina is seeing a transformation that will impact industries throughout the state, particularly the building industry.
With more than 4,000 jobs coming from Apple and Google, North Carolina is seeing a new wave of development that will reverberate from the Research Triangle throughout the state. These developments are akin to IBM’s initial investment in 1959 to advance the founding footprint of RTP itself.
The impact of Apple’s $1 billion investment in its new RTP-based East Coast hub will accelerate already increasing demand for primary housing, vacation homes, public transportation, infrastructure and workforce talent at a rate of which our government and business leaders have not witnessed.
Landing whales requires a larger ocean with more food.
And it raises many questions.
Is North Carolina ready? What impact will North Carolina’s accelerating economic development growth have on homebuilding, affordable housing, infrastructure, talent retention among legacy technology firms and attracting out-of-state students to our higher education institutions to ensure a vital future pipeline of skilled talent?
Majestic Kitchen and Bath, along with the Greater Wilmington Business Journal, recently hosted a roundtable discussion on some of these topics with North Carolina developers and builders.
North Carolina Secretary of Commerce Machelle Sanders provided welcoming remarks for the event that highlight how vital the construction and development industries are to our state’s ability to attract companies and expand existing businesses. (You can watch her comments in the video above.)
Secretary Sanders’ remarks and the roundtable discussion pointed a bright light on the need for elected officials and business leaders to address the issues that come with rapid growth in our state.
North Carolina and the building industry are enjoying the upside of this growth with the announcements of new jobs and new developments. Yet at the same time, we’re confronting supply chain issues, surging prices for commodities and a shortage of qualified workers.
We need to work together to make sure we can deliver all the homes, workplaces and other infrastructure that all these new jobs will demand.
Founded in 1990, Majestic is one of the largest manufacturers and installers of natural and engineered surfaces and accessories for the kitchen and bath in the southeastern United States. Headquartered in Youngsville, North Carolina, Majestic specializes in creating distinctive and cost-effective solutions for the industry’s top national residential builders, general contractors and homeowners across the Southeast. Majestic’s 30+ years of experience is backed by its accreditation from the Natural Stone Institute and Artisan Group membership; the industry’s marks for delivering quality and value. From consultation and design to manufacturing and installation, Majestic is the most professional trade partner to the residential and commercial building industries. Visit www.gomajestic.com or call (910) 762-2252 for more information.
Emma Dill - Dec 4, 2023
Staff Reports - Dec 4, 2023
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