Business & Economic Development

Chatham County enjoys a prime business location and rich industrial diversity that bodes well for its future economic health. Maintaining the traditional while pursuing the innovative is a trademark of Chatham County noticeable in its industrial variety and economic development strategies.

Firmly planted agricultural roots, a strong manufacturing base, innovative new endeavors and outward growth from North Carolina’s Research Triangle Park create a dynamic mix of commerce in Chatham. The economic future of the area continues to grow, due to the expanding population and diversified opportunities.

RTP is located adjacent to Chatham’s northern borders, has been known for high paying research and medical positions for Chatham Counties residents. This area is known for information technology and computing strongholds such as IBM and is attached to several major North Carolina’s Universities. Chatham’s up and coming Bio-tech businesses such as Biolex in Pittsboro are springing outward from the Research Triangle. More and more of these companies are finding ample space in Chatham County, convenient location, a business- friendly environment and a well trained work force.

The creations of two new Industrial Parks in Chatham County are in the works to entice more of these high-tech industries to locate here. Other businesses and specialized companies hope to relocate near The University of North Carolina Chapel Hill, University of North Carolina Greensboro, A&T State University in Greensboro, North Carolina State University in Raleigh, North Carolina Central University and Duke University in Durham. Pittsboro’s newest industrial park, mere miles from several of these institutions, will draw on the expansion plans of start-ups in these areas.

A new industrial park is in the works for Siler City, along with a brand new Hospital off of Rt. 421. Chatham County is known for its thriving retail shops composed of antiques and artists selling handmade wares in Chatham are many historic storefronts.

An organized effort to increase these offerings is simultaneously achieving two goals: restoring historic downtowns and providing a new source of employment and revenue to the area. N.C. Arts is taking advantage of substantial space provided by Siler City’s three historic districts and the cultural focus on art that is imbedded within Chatham County’s heritage.

The area’s vital economy has ensured a high quality of life for Chatham County residents. According to the North Carolina Department of Commerce, Chatham County recently ranked first in the state for median family income at $66,100 and fourth for per capita personal income at $30,380.

While new areas expand and grow, Chatham County holds fast to more traditional sources of income. Agriculture is still a major business enterprise with nearly 1,000 farms annually bringing in nearly $138 million. Hogs, beef and dairy cattle, broilers and chicken make up the millions of heads of livestock foraging the rural landscape.

Tobacco, cotton, soybeans, corn, small grains and hay fill more than 20,000 acres of Chatham County’s picturesque 707 square miles. Chatham’s lovely forests have been a draw for recreation lovers at places like Jordan Lake, but also a boon to business with a healthy lumber industry that has sustained families here since its beginnings. Specialty farming such as growing organic vegetables is a trend in the area showcased by many farmer’s markets, berry patches and even wineries.

From high-end steel products to industrial machinery, manufacturing industries are a mainstay. Major poultry processors and textile manufacturers such as Townsend Foods and Honeywell continue to prosper here.

Chatham County builds itself on these traditional markets, creates new ones and continues to attract new technological industries with help from two key organizations: Chatham County Economic Development Corporation and Chatham County United Chamber of Commerce.

 

 

 

 

Licensed Realtor in Wake, Chatham Orange, Johnston, Alamance, Lee, Franklin, Granville, Harnett, Vance, Warren, including Raleigh, Durham. Cary, Apex, Holly Springs, Garner, Pittsboro, Siler City, Moncure, New Hill, Goldston, Sanford, Chapel Hill. Servicing residential homes, raw land, new homes, sub-divisions, commercial land, & business buildings, flex office warehouse, office condos, Investment properties, 1031 Tax exchanges, foreclosures, river property, waterfront property, equestrian property, horse farms, builder, spec homes, townhomes, business condo units, golf course communities.
  

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