Economic life in the heart of North Carolina has faced decades of decline, yet recent investments in biotechnology and electric vehicles signify a transformative shift.
Brookings researchers found that nearly a third of the $736 billion investment promised flows into communities that faced severe job losses due to global trade shifts.
As textile and furniture jobs diminished in Chatham County, the area began transitioning with an infusion of investments in cutting-edge industries, revitalizing local economies.
The trend is evident not only in North Carolina but across the Midwest and South, where communities hardest hit by trade are now siphoning off significant investments.
#economic-development #investment-trends #north-carolina #manufacturing-decline #global-trade-impact
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