Each year, before Thanksgiving, the High Point Economic Development Corp. (HPEDC) likes to look back and take count of the successes it’s had in the previous 12 months. This year, the news was good and the new job count was high, as the city continues a trend in 2022 of getting a lot of good new business and seeing the expansion of businesses already located in High Point.
On Tuesday, Nov. 22, the HPEDC released a recap of the organization’s Annual Meeting, which took place earlier this month at High Point City Hall. At that meeting, HPEDC Chairwoman Beth Earnst spoke and was followed by Mayor Jay Wagner, who discussed the continued positive growth of High Point’s economy. HPEDC Director Sandy Dunbeck weighed in with a recounting of the major new projects this year.
Here are some of those highlights for the city that was once all about furniture and is increasingly about much, much more.
• Volvo is expanding its presence in the city to house the global headquarters for the company’s Financial Services Division. That project includes the addition of about 360 jobs and a $41 million investment.
• Ecolab is coming to High Point and, according to the HPEDC, the company will “have the largest industrial building footprint at 1,050,060-sf!” Also, as part of that project, 125 jobs will be relocated to the High Point area and 20 new jobs will be created.
•Coldwell Banker Advantage will relocate its offices and bring 38 positions to downtown High Point – with plans to add more than 20 jobs over the next three years. • The family-owned Metal Works of High Point is expanding with a new location on Hickory Chapel Road in High Point and has plans to add 20 jobs for the its powder-coating and assembly operations.
• Nomad Wine Works is coming to High Point’s downtown. It will be the Triad's first urban micro-winery making wines, meads and other products.
The city had quite a few other successes this year as well including growth in the medical field.
Over the past decade and a half, High Point has seen very impressive growth in the number and variety of jobs – and city leaders are working hard, and keeping their fingers crossed, with hopes that trend continues in 2023 and beyond.
HP is subject to massive County property taxes. How much corporate welfare was needed to attract some of these businesses?