The report is out: Winston-Salem’s economic development is seeing upward trends

It’s safe to say the Twin City is home to many visionaries who make our city great.

WStoday: Winston-Salem skyline featuring major buildings downtown

There are some things only residents could know.

Photo by @tim_hutch

Winston-Salem’s business chamber is making strides. It’s no wonder Greater Winston-Salem, Inc. was named the 2024 ACCE Chamber of the Year — a title it carries with pride. Let’s take a look at some economic highlights from the third quarter:

  • $803 million in capital investment generated since 2020
  • $6.3 billion in potential investment with 11,000 potential jobs in the pipeline
  • 305 jobs created in 2024
  • Winston-Salem population growth is 4.7% compared to national average of 2.8%
  • 1,320 multifamily properties created over the past year with a 92% occupancy rate, above market historical annual average
  • Nine ribbon cutting celebrations

As the Twin City continues to evolve, demands for multifamily housing will increase over time. When it comes to economic stability, Winston-Salem earned a score of 94 out of 100 based on NBC News data. It’s no wonder the city is among the best places to live in the US.

More from WStoday
The annual international film festival showcases new films from established and emerging filmmakers each spring.
City officials approved new budgets and proposed changes that will be implemented beginning this April.
Pack your reusable shopping bags, because we’ve rounded up six farmers markets in and around Winston-Salem.
Bookmark this guide for a curated list of events taking place each month that we’re most looking forward to.
Maximize your commute with these reader and editor picks of Winston-Salem, NC podcasts for business, leadership, and entrepreneurship.
Pull out those planners for some egg-citing events to celebrate Easter around the Twin City.
Here’s the deal — the swap meet and vintage shopping scene is stellar in the Twin City.
Explore the best local craft shops in the Twin City, where you can browse crafting supplies and sign up for hands-on workshops.
Learn about creeks, birds, and how to help our natural habitats thrive within Forsyth County.
From composting to planting seeds, these workshops will teach you best practices for growing your garden.