Developments Quotes MWC’s Steven Pearce on North Carolina’s Investment Growth

February 8, 2024

McGuireWoods Consulting vice president Steven Pearce was quoted by Developments in a round-up interview on the recent growth in investment in North Carolina. Developments is a publication of ElectriCities of North Carolina, Inc.

The article notes that North Carolina has added more than 67,000 new jobs and $42.3 billion in capital investment since 2020.

Pearce noted that North Carolina’s location has been a big part of its growth, pointing out that “I don’t think you can overstate being centrally located on the East Coast and how important that is to an industrial user who’s thinking about how they maximize their reach to their customer base.”

Noting that potential cutbacks in federal funding of EVs and batteries may have a negative impact on their expansion, he added, “I don’t have a crystal ball, but I think we’ll see fewer and smaller EV and battery projects when federal dollars aren’t there to support them.”

Pearce has worked closely with domestic and international firms to locate new facilities across the country, including advanced manufacturers, Fortune 500 HQs, and tech centers. Before joining McGuireWoods Consulting, he led proactive business recruitment initiatives in the St. Louis and Charlotte metro areas.