Governor Josh Stein promoted North Carolina as a prime location for foreign investment at the U.S. Department of Commerce’s SelectUSA Investment Summit, according to a May 5 announcement. Stein participated in the Governors Attracting Global Investment panel, where he discussed the state’s advantages for international investors.
The summit highlighted why foreign direct investment is important for North Carolina’s economy and its communities. Such investments are seen as bringing new capital, ideas, and opportunities to the state.
“Economic development is a team sport, and no team works harder than Team North Carolina,” said Governor Josh Stein. “North Carolina offers a strong value proposition to investors. We offer a hub of innovation across growing industries, and our state’s most important strength – our people – will always be prepared to work in the jobs of today and tomorrow.”
N.C. Commerce Secretary Lee Lilley also addressed the role of global companies in supporting economic growth: “Foreign direct investment plays a powerful role in strengthening our economy and bringing new capital, new ideas, and new opportunities to communities across our state,” said Lilley. “When global companies choose to invest here, they strengthen our economy and reinforce our place in the global marketplace. In a rapidly changing world, these investments help ensure North Carolina remains competitive, resilient, and ready for the future.”
During his visit to Washington D.C., Stein met with officials from Austria, Canada, China, Finland, Germany, Ireland, Japan, and Switzerland. He also cited recent major investments such as Toyota’s $13.9 billion battery plant creating over 5,100 jobs in central North Carolina and Novo Nordisk’s $4 billion expansion expected to bring 1,000 jobs to Johnston County.
Stein outlined ongoing efforts including workforce development programs supported by his recommended budget for fiscal years 2026-2027 that aims to expand job opportunities statewide through youth apprenticeships and grants tailored toward high-demand sectors like advanced manufacturing and health care.
Japan leads recent foreign investment into North Carolina since 2020 alongside Germany, China, Canada, Italy,and the United Kingdom; Charlotte’s airport serves as American Airlines’ second-largest hub with more nonstop flights than any city its size nationally.
The Office of the Governor of North Carolina serves all residents statewide by executing laws as chief executive officer while directing policy through budget recommendations—roles held by Josh Stein as governor—according to the official website.
