North Carolina and Australia Strengthen Economic Ties

Strategic Insights -

Governor Josh Stein welcomed Australian Ambassador to the United States, Dr. Kevin Rudd AC, to the Executive Mansion, reaffirming the strong relationship between North Carolina and Australia. The visit highlighted the growing economic partnership between the two nations, with seven Australian companies creating over 840 jobs in North Carolina and investing over $237 million. The state's business-friendly environment and workforce have earned it the top spot in CNBC's ranking of states for business. Governor Stein's efforts have led to over $19 billion in new investments and over 25,000 new jobs since taking office in January.

Key Takeaways:

  • Governor Josh Stein hosted Australian Ambassador to the United States, Dr. Kevin Rudd AC, to celebrate North Carolina's strong bond with Australia, with seven Australian companies creating over 840 jobs in the state.
  • North Carolina has been ranked the top state for business by CNBC, with a business-friendly environment and skilled workforce.
  • Since taking office in January, Governor Stein has announced over $19 billion in new investments and over 25,000 new jobs for North Carolina.
  • Seven North Carolina businesses were recognized for their success in expanding exports in March.
  • Governor Stein traveled to the Paris Air Show in June to advocate on behalf of North Carolina with international business leaders.
  • In 2024, North Carolina companies exported over $42.8 billion in goods and services to 215 countries and territories, including Australia.
  • In the past 10 years, seven Australian companies have established or expanded their operations in North Carolina, creating over 840 jobs and investing over $237 million.
  • The state's Research Triangle is home to a thriving agricultural and mining industry, as well as a growing pharmaceuticals sector with collaboration opportunities with Australian R&D institutions.

Statistics:

  • 840 jobs created in North Carolina by seven Australian companies
  • $237 million invested in North Carolina by seven Australian companies
  • $42.8 billion in exports from North Carolina in 2024
  • 215 countries and territories exported to by North Carolina companies in 2024
  • 25,000 new jobs announced by Governor Stein since taking office in January
  • $19 billion in new investments announced by Governor Stein since taking office in January
  • 10 years of partnership between North Carolina and Australia, with seven companies establishing or expanding operations in the state

Sources:

  • "Governor Josh Stein Highlights North Carolina's Strong Relationship with Australia".
  • CNBC. "Top States for Business".
  • "Governor Stein Recognizes Seven North Carolina Businesses for Export Success".
  • "Governor Stein Travels to Paris Air Show to Promote North Carolina with International Business Leaders".