EDPNC

The Economic Development Partnership of North Carolina (EDPNC) is a private, non-profit organization established in 2014 to serve as North Carolina's primary economic development organization. Born from a legislative mandate to streamline and enhance the state's efforts in attracting business, growing existing industries, and promoting tourism and film, EDPNC operates under a contract with the North Carolina Department of Commerce. Its mission is multifaceted: to recruit new businesses to the state, support the expansion of existing companies, and market North Carolina as a premier global business destination. While not a traditional venture capital firm or accelerator in the sense of direct equity investment, EDPNC plays a crucial role in the startup and business ecosystem by providing extensive support services. These services include site selection assistance, workforce development resources, business incentive guidance, and market research, all designed to facilitate business growth and job creation. They act as a central point of contact for companies looking to establish or expand operations in North Carolina, connecting them with local resources, government agencies, and potential partners. Their geographic focus is exclusively North Carolina, working across all 100 counties to foster economic prosperity. EDPNC's impact is seen in the numerous companies they have assisted in relocating or expanding within the state, contributing significantly to job growth and capital investment. What makes EDPNC stand out is its unique public-private partnership model, allowing it to combine the agility of a private entity with the public mission of statewide economic development. They don't invest directly but rather enable investment and growth through their comprehensive support and facilitation services, making them an indispensable resource for businesses considering North Carolina.