Economic Development
CHARLOTTE OBSERVER: Hendrick Motorsports plans $15M manufacturing expansion in Concord, creating 50 jobs
Hendrick Motorsports plans to build a 155,000-square-foot facility on its Concord campus, Cabarrus Economic Development Corp. said Wednesday. The site will create prototypes, and fabricate and assemble metal structures for vehicles other than race cars.
WRAL TECHWIRE: Microsoft will reduce workforce by 10,000, consolidate its real estate footprint
Microsoft will reduce its workforce by 10,000, according to a disclosure filed with the SEC on Wednesday. The company also announced the moves in an email sent by CEO Satya Nadella to employees on Wednesday morning. Microsoft has two North Carolina offices, one in Charlotte, and one in Morrisville. The company had agreed to a deal with the State of North Carolina for economic development, but requested to terminate that agreement in March 2022.