Skip to main content

Cabarrus EDC Releases '14-'15 Annual Report

Sep 18, 2015 12:20PM ● Published by Jason Huddle

By: Jason Huddle

 According to the Cabarrus Economic Development Corporation (CEDC), things haven't looked this good in Cabarrus County for quite some time. When Pillowtex closed in 2003 and then the likes of Philip Morris, CTC and First Charter went away a few years later, some wondered if the Cabarrus Region would ever see the growth it had in those days. Now, with the CEDC's latest annual report for the 2014-'15 fiscal year, it appears Cabarrus has once again gained its footing.  

This past year, the CEDC says it focused on product development, business retention and expansion, as well as recruitment. With a total budget of over $558,000 dollars, including a little under $400 thousand in public funding, the CEDC knew it was important to show the public results after having to fight to regain public funding when the Cabarrus County Commission completely cut their budget to $0 in 2014.  

When funding was restored mid-year, this enabled the CEDC to focus on it's objectives and actually create a suprplus of over $27,000 dollars for the year.

 According to the report, 11 new projects were located in Cabarrus County, 4,036 new jobs were created and over $260 million dollars were invested into the region. With, Alevo, FedEx Smartpost and Gordon Food Service topping those lists, it appears industry and jobs are returning to the county.  

And the quest for more projects and recruitments continues. During the 2014-2015 fiscal year there were more than 80 requests for information (RFI) and there are presently over 30 projects the CEDC is working to turn into more jobs and investment for the county. That job has no end.  

For more information on the CEDC and their mission, you may contact them at 704-782-4000, or visit www.cabarrusedc.com

Photo/Rendering: Courtesy, Cabarrus Economic Development

Like what you're reading? Subscribe to Cabarrus Magazine's free newsletter to catch every headline

Community Cabarrus Animal Shelter Cabarrus Economic Development Gordon Food Service Alevo Alevogroup Fedex Smartpost
  • Don't miss out on the awesome opportunity to compete in your local Senior Games! Registration is ...


  • Half Day Adventure Camps

    02/27/2018
    08:00AM

    Get your kids outdoors in these completely outdoor half-day camps. Campers will interact and disc...


  • Agripreneur Workshop Series

    02/27/2018
    06:00PM — 09:00PM

    Turn your interest in growing vegetables, fruit, herbs and other crops into a sustainable agricul...


  • Beginner Belly Dance Class

    02/27/2018
    07:00PM — 08:00PM

    Have you always wanted to learn to belly dance but were too nervous to give it a try? Stop waiti...


  • Social Media & E-Commerce Workshop

    02/26/2018
    09:30PM — 03:00PM

    The CDDC is hosting a workshop titled Grow Your Business through Social Media and E- Commerce....


  • Agripreneur Workshop Series

    02/27/2018
    06:00PM — 09:00PM

    Turn your interest in growing vegetables, fruit, herbs and other crops into a sustainable agricul...


  • Ages Walking-3 years with caregiver - Stories, songs, finger plays and more, followed by playtime...


  • Traveling exhibition Program: The Way We Worked

    03/01/2018
    11:00AM — 04:00PM

    The Eastern Cabarrus Historical Museum and the Cabarrus County Public Libraries are collaborating...


  • STEAM with the Library

    03/02/2018
    02:00PM — 05:00PM

    Ages 5-12 — Drop in for some STEAM activities. (Science, Technology, Engineering, Art & Math).


  • Jim Avett grew up in a home surrounded by music. He never quit playing, but for 35 years he put p...


  • EPIC MUD MAZE at Hodges Farm

    03/03/2018
    09:00AM

    Welcome to EPIC MUD MAZE! We are the first and only company in the World to host MUD MAZE Events!...


  • The Listening Room

    03/08/2018
    07:30PM

    The Listening Room gives local creatives the opportunity to perform on the Davis Theatre stage. ...


  • Veterans Breakfast

    03/12/2018
    09:00AM — 10:00AM

    Come enjoy breakfast and socializing with other Veterans & spouses from around the area every 2nd...


Get Cabarrus Magazine Delivered to Your Door!

Subscribe today!

Proudly Brought To You By These Community Sponsors