Tonmoy Islam discusses economic development competition with Triangle Business Journal

The article examined how North Carolina and Georgia compete against each other to try to land large manufacturing projects.

A recent Triangle Business Journal article looking at competition between North Carolina and Georgia to land mega-manufacturing projects included insights from Tonmoy Islam, assistant professor of economics.

Photo of associate professor of economics Tonmoy Islam
Tonmoy Islam, assistant professor of economics

After losing out on a number of projects to Georgia, North Carolina has seen some recent wins, including a Toyota battery plant planned in the Triad that’s expected to employ thousands. Islam told reporter Lauren Ohnesorge that the Triangle region of North Carolina, in particular, could compete well against Georgia for an R&D-heavy project.

From the article:

Islam said Georgia’s biggest advantage is the logistics hub of Atlanta – but that Atlanta’s success could push more projects North Carolina’s way, as the congestion could be off-putting for some companies. But he, like Donovan, said both states have a lot to offer. They’re right-to-work states with university talent, and sometimes incentives can be the differentiator, Islam said.

Read the entire article here (subscription required).