Greensboro is nestled in a region of exponential growth, alive with major universities to drive a pipeline of top talent, and a wealth of certified land, research parks, and space for you to plant the seeds of growth.
The City's recruitment, retention, and expansion program activities occur within the partnership framework of the Guilford County Economic Development Alliance (GCEDA). GCEDA works to retain and expand existing industries in the Greensboro-High Point area, as well as attract new business opportunities and emerging sectors.
When businesses are looking to locate or expand in Greensboro specifically, staff from the Greensboro Chamber of Commerce Economic Development and the City collaboratively assist firms with due diligence related to site selection, relocation, construction, and workforce identification. Projects considering downtown for operations may also be provided with additional support services from Downtown Greensboro Inc.
GLOBAL EXPANSION IS WITHIN YOUR REACH
In Greensboro, NC, businesses of every shape and size can find an optimal environment to thrive. Join the momentum of ever-growing industries that have found their home here and discover the reasons why you’ll never want to leave.
With Piedmont Triad International Airport as the center of NC Aerospace, Greensboro is home to a robust supply chain and top industry companies including Honda Aircraft Company and HAECO Americas, with recent economic development announcements including Boom Supersonic and Marshall Aerospace, multi-million-dollar projects that will bring thousands of jobs to the area.
Greensboro’s rich history and innovation with companies in the Life Sciences continue to expand through ongoing expansions including Syngenta, and ProKidney. The area’s industry has access to a blend of resources for research, production, and distribution due to its proximity to universities, private R&D, grant funding, and other pharmaceutical manufacturers and specialty providers.
The Greensboro region has a rich history in traditional manufacturing of furniture, textiles, and tobacco and over the last 30 years has seen a manufacturing renaissance into new and vibrant segments. Manufacturing continues to bring economic prosperity to the Greensboro region, with over 30,000 employed in jobs across a variety of industry sectors, with organizations including Gilbarco Veeder-Root, Qorvo, and Procter & Gamble. Regularly ranking in the top ten in the Southeast US based on manufacturing employment, it’s a great place to start or grow a manufacturing company.
Home to a robust supply chain, logistics, and financial/FinTech services with a robust talent pipeline, Greensboro is an optimal location to put down roots. 50% of the US population is within 650 miles of Greensboro, so its accessibility and highly skilled available talent from 18 regional colleges and universities creates consistent employment growth.
In certain instances, a firm considering locating or expanding in Greensboro may be eligible to receive performance-based incentives to do so. The purpose of such incentives is to assist in creating new full-time employment, retaining existing jobs, and increasing the tax base in the City.
Alternatively, Greensboro City Council may provide infrastructure assistance (through cost sharing) to priority projects to support such developments. Provision of any form of financial assistance is solely at the discretion of City Council. Strategically, the City also may approve enhanced incentives to projects locating in designated Impact Zones. Incentives are presently targeted for the key industry clusters.
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What’s the data that fuels our city's economic vitality and showcases why it’s ideal for businesses and professionals alike? Discover the facts and figures that make Greensboro, NC a prime location for your next venture.
GREENSBORO ECONOMIC DEVELOPMENT
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