Welcome to today’s podcast, where we discuss a significant economic miss for North Carolina. Recently, Microporous, a major battery component manufacturer, announced it will invest $1.4 billion in a new facility in Danville, Virginia, rather than North Carolina, bringing 2,000 jobs to their state. Despite extensive efforts by North Carolina officials, including meetings with Governor Roy Cooper and a tailored training program proposal, Virginia ultimately secured the deal.

According to public records, North Carolina had been in discussions with Microporous since 2023, considering multiple projects known internally as Big Dipper and Little Dipper. The state was ready to offer substantial incentives and showcased various locations, including the Triangle Innovation Point megasite. Microporous was initially drawn to North Carolina’s offerings, but Virginia presented a competitive incentive package and a strategic location near resources.

John Loyack of the North Carolina Community College System expressed confidence in their ability to support Microporous’s workforce needs, stating, “We are confident our Customized Training Program… can develop a genuinely effective customized training program.” However, as communication with Microporous waned, Virginia secured the deal with a remarkable $60.6 million in state incentives.

This loss highlights the intense competition for high-profile projects, raising questions about what North Carolina might have offered to keep Microporous within its borders.
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