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


October 17th, 2017
In conjunction with the Buncombe County Commission and the Economic Development Coalition for Asheville-Buncombe County (EDC), Fox Factory Holding Corp. (FOX) announced plans for expansion that will create about 47 new jobs over the next five years.  The company will commence renovations for an approximately 20,000 square-foot building in South Asheville to house regional headquarter functions including sales, finance, research & development, service, and distribution.  The move is expected to facilitate continued growth in Eastern US and European markets for the bike division.
September 20th, 2017
Asheville, N.C. (September 20, 2017) – Construction of Mission Health System’s new Mission Hospital for Advanced Medicine building is actively expanding the region’s patient care and medical technology footprint while remaking both the skyline and economic future of downtown Asheville. Incorporating state-of-the-art technologies that build on the hospital system’s commitment and reputation for exceptional healthcare, the transformative12-story building includes a total of 220 patient rooms, and features a much needed expansion of the Mission Hospital Emergency Department.
September 29th, 2016
The EDC received a 2016 Silver Excellence in Economic Development Award for its "Asheville Creates" video project from the International Economic Development Council. “Asheville Creates” was a 100% local collaborative effort to elevate awareness of artisans, creative makers, entrepreneurship, and innovation in the region through the lens of economic development.
September 21st, 2016
Avadim Technologies, Inc. announced an expansion today that will create 551 new jobs and $25,400,000 in capital investment over the next five years.  The life sciences company will build a new 100,000-square-foot corporate headquarters in Black Mountain Commerce Park. It ranked #234 on the Inc. 500 in 2016.
September 7th, 2016
The Asheville Area Chamber of Commerce announced today its economic development department has earned recognition as an Accredited Economic Development Organization (AEDO) by the International Economic Development Council (IEDC). This accreditation places the Asheville Chamber's economic development team among an elite group of 50 economic development entities in the world recognized as the best of the best and models of achievement in the economic development field.
August 24th, 2016
The 17th Annual Asheville Metro Economy Outlook announced it will feature Dr. Jim Johnson of the Kenan-Flagler Business School at UNC Chapel Hill, a nationally renowned expert on economic development and U.S. workforce trends. As the keynote speaker at noon on Monday, September 12, Johnson will present impactful demographic trends reshaping the U.S., state, and local economy. 
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.