Announcements and Press Releases

The Asheville economy is driven by industry leaders in strategic clusters of advanced manufacturing, science & technology, climate, healthcare, and arts & culture. Asheville's entrepreneurs trigger innovations across these industries. The Asheville-Buncombe EDC can assist organizations with corporate relocation by providing research data to make informed decisions about where to relocate a company.

For Media Inquires, contact:
Ben Teague, Executive Director, 828-258-6130
Matt Popowski, Communications Manager, 828-258-6115

May 20th, 2016
Baldor Electric Company announced today 41 new jobs and a $4.2 million investment in facilities and equipment at its Weaverville, N.C. campus. A member of the ABB Group, Baldor Electric Company is the leading North American designer and manufacturer of industrial electric motors and mechanical power transmission products.
April 12th, 2016
From local independent artists to craft manufacturers and global tech companies, the connection between arts and commerce is strong in Asheville, North Carolina. Featuring local band The Broadcast, the EDC explores how a creative culture drives an economy of innovation in Asheville. 
March 11th, 2016
The Collider, a first-of-its-kind physical and intellectual space for “strategic collisions” between business and science, opened its doors to the public today in Asheville, NC. The Collider’s goal is to bring business and science together to facilitate the innovation and rapid commercialization of solutions for environmental and climate change adaptation and resilience.
January 6th, 2016
Burial Beer Co. announced today it will create 17 new jobs and invest $1.8 million for its second brewing facility and tasting room in Asheville. Adding to Burial’s current 1,500 barrel annual production, the new 1.4 acre location near Biltmore Village will support 9,000 barrels with a phased expansion up to 16,000. Brewing could be underway by May 2016.
December 30th, 2015
Mountain Xpress reports on growth of jobs, unemployment, wages, economic development successes, growth industries, and talent development in the Asheville area. In summary, the quality of life premium that's driving the wages vs. cost of living challenge also helps create great opportunities for Asheville.
December 23rd, 2015
Numbering 110, the most employers and career-employment services ever will be at next month's 10th-annual Homecoming Career Fair. Charter Communications, Mission Health and The Cheat Sheet are just a few of the companies with 4,500 openings. The region's largest job fair will be held 11 a.m. to 4 p.m. Jan. 7 at the WNC Ag Center at 1301 Fanning Bridge Road in Fletcher.
December 18th, 2015
There’s no rest for the weary. Or the successful. Just ask the Economic Development Coalition for Asheville-Buncombe County. The AVL 5X5 Vision 2020 plan focuses on innovation and growth companies. It's making the right connections between employers and entrepreneurs to keep job creation bubbling here. We’d say this is a plan worth uniting behind. It’s certainly a community worth uniting for.
September 18th, 2015
Executive Director Ben Teague told a standing-room only crowd of 300 at the Metro Economy Outlook that, during the next five years of AVL 5x5, the aim is to generate 3,000 new direct jobs that pay an average annual wage of $50,000. The EDC will also help 50 new “high-growth” companies to make Asheville their headquarters.
September 18th, 2015
Fifty new “high-growth” companies headquartered in Asheville is part of the AVL 5x5: Vision 2020 strategy. Leveraging "Asheville’s high quality of life" will enable the city to recruit talent, companies – and research institutions, not just from the U.S. but from around the world, said Bruce Katz, urban policy expert at the Brookings Institution in D.C.
September 2nd, 2015
The new AVL 5x5 plan is an evolution of the first five years, which far surpassed the community’s goals of attracting and growing higher wage jobs and capital investment. “It is a step toward a more vibrant metro economy that can compete in the 21st century marketplace and create good jobs for the residents of the Asheville region," said Bruce Katz, policy adviser at the Brookings Institute in D.C.