Randolph County Economic Development Corporation

What Randolph County Economic Development Corporation does

Randolph County Economic Development Corporation (RCEDC) is a non-profit economic development organization founded in 1985 and headquartered in Asheboro, North Carolina. It serves as the single point of contact for businesses considering relocation, expansion, or new investment in Randolph County, operating across six industry clusters: Automotive & Aerospace, Plastics, Food & Beverage, Metals, Furniture, and Textiles and Apparel. RCEDC's service portfolio comprises nine core offerings: a Sites & Buildings database of available commercial and industrial properties, Industrial Financing Programs (Industrial Revenue Bonds, SBA 504/7(a), USDA B&I, Capital Access Program, Community Development Block Grants), Workforce Development Services (NCWorks Career Center, Apprenticeship Randolph, Randolph Community College partnerships), Technical Assistance Programs, International Trade Services, Business Incentives & Tax Credits, Industry Cluster Support, Small Business Services, and a Randolph County Permitting Guide. The underlying technology is a content-marketing website (rcedc.com) backed by a relational property database; there is no proprietary software platform or AI/ML capability disclosed.

RCEDC's business model is non-transactional. As a non-profit, it does not charge fees for services; instead, it is funded through a tiered investor membership program (Platinum, Diamond, Gold, Silver, Bronze), local government appropriations from the City of Asheboro and Randolph County, and grants from state and federal partners. Revenue is therefore correlated to membership renewals, public-sector budget cycles, and grant cycles rather than to deal volume. Its go-to-market motion is sales-led: RCEDC staff directly engage business prospects, site selectors, and developers, facilitate site visits, negotiate incentive packages with municipal partners, and coordinate workforce training through Randolph Community College and Apprenticeship Randolph. Distribution is channel-mediated through utility providers (Duke Energy, Randolph Electric, Piedmont Natural Gas), financial partners (Truist Bank, Joseph M. Bryan Foundation), and state agencies (NC Department of Commerce, EDPNC).

The organization's competitive proposition rests on a 1,825-acre Greensboro-Randolph Megasite, central East Coast access to 170 million consumers, the 2nd-largest interstate highway system in the nation, a 24,000-worker commuter talent pool, and a manufacturing base that accounts for 28% of regional employment. Anchor employers include Toyota Battery Manufacturing NC (2,500 employees), Technimark (1,250), Energizer Battery (405), Tempur Sealy (380), and Hughes Furniture Industries (684). Recent deal-flow evidence includes the 2025 Environmental Air Systems expansion (300 jobs, $20M investment) and the 2010 Americhem expansion (71 jobs, $22.6M investment). RCEDC is a member of the Carolina Core regional economic development initiative and maintains multi-channel outreach via website, social media, monthly newsletters dating to 2007, video content, and industry-event participation.

Name

Randolph County Economic Development Corporation

Legal name

Randolph County Economic Development Corporation

Website

https://rcedc.com

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

1–10 employees

Short description

Randolph County Economic Development Corporation is a non-profit founded in 1985 that recruits, retains, and expands businesses in Randolph County, NC through site selection, financing, workforce development, and incentive negotiation across six manufacturing industry clusters.

Ownership category

akta.pro rank

Headquarters

HQ city

Asheboro

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

RCEDC is a non-profit economic development corporation that recruits, retains, and expands businesses in Randolph County, North Carolina. It provides site selection and buildings search, industrial financing facilitation, workforce development coordination, permitting guidance, and access to local and state incentives for companies evaluating relocation or expansion. The organization functions as a single point of contact, partnering with local governments, utilities, community colleges, and state agencies to deliver an integrated package of economic development services.

Product overview

Randolph County Economic Development Corporation (RCEDC) offers a comprehensive suite of economic development services organized as a single integrated program focused on business recruitment, retention, and expansion. The core offerings include a Sites & Buildings database for location search, Industrial Financing Programs providing multiple funding mechanisms, Workforce Development Services connecting businesses with talent pipelines, Technical Assistance Programs for operational support, International Trade Services for export/import assistance, Business Incentives & Tax Credits for investment support, Industry Cluster Support for sector-specific resources, and Small Business Services for entrepreneurial support. These services work together as a unified economic development ecosystem designed to guide businesses through every stage of relocation or expansion.

Differentiator

Problem solved

Functional benefit

Products and services

• Sites & Buildings Database Comprehensive database of available commercial sites, buildings, and industrial properties in Randolph County, used by businesses and site selectors to identify locations for relocation or expansion.
• Industrial Financing Programs Suite of financing options for businesses including Industrial Revenue Bonds, SBA 504 and 7(a) Loans, USDA Business and Industry Guarantee Loans, Capital Access Program, and Community Development Block Grants to support growth.
• Workforce Development Services Workforce training and talent pipeline programs including NCWorks Career Center, NCWorks Training Grants, Randolph Community College partnerships, and Apprenticeship Randolph to build skilled workforces for local employers.
• Technical Assistance Programs Technical support services including Industrial Expansion Solutions, Small Business Technology Development Center, Small Business Center, Business Energy Improvement Program, Trade Adjustment Assistance, and Recycling Business Assistance.
• International Trade Services Export and import assistance delivered through partnerships with NC Department of Commerce, EDPNC International Trade Division, US Department of Commerce, World Trade Center Piedmont Branch, NC Port Authority, and US Small Business Administration.
• Business Incentives & Tax Credits Local and state incentive programs including tax credits, grants, and customized incentive packages to support business investment and job creation in Randolph County.
• Industry Cluster Support Targeted support and resources for key industry sectors including Automotive & Aerospace, Plastics, Food & Beverage, Metals, Furniture, and Textiles and Apparel.
• Small Business Services Comprehensive small business support including the Small Business Center, Small Business Technology Development Center, NC Microenterprise Loan Program, and Institute for Rural Entrepreneurship.
• Randolph County Permitting Guide Streamlined permitting guidance and regulatory navigation services to help businesses efficiently complete required approvals and compliance processes.

Named customers15 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

13 partnerships are on record, tiered core, major and minor.

• Strategic Development Group (SDG)coreStrategic or Co-development Partner · 25 November 2025Assisted with site selection for EAS expansion project in Asheboro. SDG facilitated the site selection process that led to EAS locating at the former Klaussner Furniture facilities.
• Economic Development Partnership of North Carolina (EDPNC)coreStrategic or Co-development Partner · 25 November 2025Assisted with the EAS expansion project. EDPNC provides statewide economic development support and business recruitment services.
• North Carolina Department of CommercecoreStrategic or Co-development PartnerState-level economic development agency that provides support including Job Development Investment Grants (JDIG) and other state incentives.
• North Carolina Community College SystemcoreStrategic or Co-development PartnerProvides workforce training programs and support for employee development, particularly through Randolph Community College.
• Randolph Community CollegecoreStrategic or Co-development PartnerPartners with businesses to answer workforce needs and creates a technically advanced workforce. Signature programs include Photography & Graphic Design, Health Occupations, Automotive, and Machining. Offers free training for employees.
• Duke Energy ProgressmajorStrategic or Co-development PartnerGold Level Investor and electric utility provider for the region. Contact: Tammy Whaley, [email protected].
• Randolph Electric Membership Corp.majorStrategic or Co-development PartnerPlatinum Level Investor and electrical power provider. Contact: Fred Smith, [email protected]. Provides electrical infrastructure for industrial and commercial development.
• Piedmont Natural GasmajorStrategic or Co-development PartnerGold Level Investor and natural gas provider. Contact: Jason Briggs, [email protected].
• City of AsheborocoreStrategic or Co-development PartnerLocal government partner providing economic incentives. Contributed $297,000 in local incentives for EAS expansion over five years.
• Randolph CountycoreStrategic or Co-development PartnerLocal government providing economic incentives. Contributed $209,000 in local incentives for EAS expansion over five years.
• NCWorks Career CentercoreStrategic or Co-development PartnerWorkforce development partner providing career services and training grants for businesses.
• Apprenticeship RandolphcoreStrategic or Co-development PartnerWorkforce development initiative providing apprenticeship programs to train workers for local industries.
• Schwarz PropertiesminorStrategic or Co-development PartnerReal estate services provider (Gold Level Investor) that owns the former Klaussner Furniture facilities where EAS is leasing space.

Scale indicators6 records

Recent moves4 records

Expansion highlights5 records

Broad incumbents

• Greater Charlotte Regional Business Alliance: Regional economic development organization serving the Charlotte metro across multiple counties. Directly comparable in recruitment mission and target verticals (advanced manufacturing, logistics, financial services) but with a much larger staff and corporate base.
• Research Triangle Regional Partnership (RTRP): Public-private partnership promoting the Research Triangle region (Durham, Orange, Wake, Chatham, Lee, Johnston counties). Comparable in mission to attract advanced manufacturing and tech employers, but operates across a much larger, more affluent geography.
• Economic Development Partnership of North Carolina (EDPNC): The statewide public-private economic development organization that partners with county-level EDCs like RCEDC to deliver recruitment, incentives, and international trade services. Directly comparable in mission (business attraction to NC) but operates at the state level rather than county level.

Direct peers

• Greensboro Chamber of Commerce: Regional chamber that performs economic development functions for Guilford County and the broader Carolina Core, directly competing with RCEDC for the same prospect pool in adjacent counties. Highly comparable in service mix (sites/buildings, workforce, incentives) and target industries.
• Catawba County Economic Development Corporation: Non-profit county-level EDC in Catawba County, NC. Comparable scale, mission, and target verticals (advanced manufacturing, automotive). Direct peer in NC's network of county EDCs pursuing similar industrial recruitment.
• High Point Economic Development Corporation: City/county-level economic development organization for High Point, NC, within the Carolina Core. Comparable scale and service offering (sites/buildings, workforce, incentives), and competes for similar furniture, logistics, and manufacturing prospects.
• Forsyth County Office of Economic Development: County-government economic development office for Forsyth County (Winston-Salem area), comparable in service offerings and Carolina Core positioning. Direct competitor for regional prospects.
• Cabarrus County Economic Development Corporation: County-level EDC in Cabarrus County, NC, comparable in size, structure (non-profit, county-focused), and target industries (advanced manufacturing, automotive, logistics). Direct peer for benchmarking recruitment wins and incentive packages.
• Winston-Salem Chamber (Greater Winston-Salem, Inc.): Combined chamber and economic development organization serving Forsyth County. Comparable in offering business recruitment, retention, and workforce services; directly competes in the Carolina Core for advanced manufacturing prospects.

Regional players

• Spartanburg Area Chamber of Commerce (Spartanburg Economic Development): County/regional economic development organization in South Carolina's Upstate. Comparable in targeting advanced manufacturing and automotive supply chain investments (BMW cluster effect), but operates in a different state with separate incentive frameworks.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Randolph_EDC
• YouTubeyoutube.com/@RCEDC1985
• Facebookfacebook.com/RandolphEDC
• LinkedInlinkedin.com/company/randolph-county-nc-edc

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Randolph County Economic Development Corporation