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Council Committee

Town of Cary · Economic Development Committee
Wednesday, February 18, 2026 at 6:00 pm · Conference Room 11130, 316 N. Academy Street, Cary Town Hall, Cary, NC 27513

Committee meeting Data centers and large loadsEconomic development incentivesLand conversion and large developmentRezoningSubdivision and site plans

What's on this agenda

Cary's Economic Development Committee, a council committee that advises the Town Council rather than acting on its own, meets Feb. 18 for its quarterly round of updates. Assistant Town Manager Scot Berry presents the town's second-quarter development figures, and Cary Chamber of Commerce President Mark Lawson presents the chamber's economic development report covering job creation, business recruiting and current projects. Interim Town Manager Russ Overton also addresses the committee for the first time in that role.

No items are scheduled for a vote. The agenda closes with open dialogue among committee members.

Summarized from the published agenda. Read the agenda itself before acting on it.

Meeting recap

What happened, drawn from the records published after the meeting. Minutes

Interim Town Manager Russ Overton, in his first meeting with the committee, introduced himself, said Cary will hold a public budget open house April 7, and said the committee's May meeting will include a budget exercise.

Assistant Town Manager Scot Berry presented the town's second-quarter development figures: two rezoning cases approved covering 4.75 acres and seven detached lots, three new rezoning cases submitted totaling nearly 16 acres, 32 development plans approved, and 60 residential permits issued. Members discussed the Fenton Hotel project -- 138,280 square feet and 186 rooms, under construction -- and Duke Health's campus expansion, including a 110,000-square-foot ambulatory surgical building under construction and a 430,000-square-foot, 95-bed hospital under review. Members noted Duke Health's property is exempt from Cary property tax as a health care use.

Cary Chamber of Commerce President Mark Lawson presented the chamber's economic development report for November 2025 through January 2026. The chamber counts 1,275 jobs added in Cary in 2025, chiefly in technology, life science, advanced manufacturing, financial services, professional services, health care, and sports and entertainment. As a projection rather than a completed count, the chamber's business recruitment pipeline lists 13 active projects with a potential 3,038 jobs and $983 million in potential investment. Lawson also described a recent headquarters relocation to Cary from Burlington: Invicta Water, a company that removes PFAS ("forever chemicals") from water without producing toxic byproducts. Lawson and members also discussed data centers, the town's Launch Cary small-business program, and hotel-development planning across Wake County with the Raleigh Convention and Visitors Bureau.

In committee dialogue, members raised the Kildaire Farm Road corridor's economic development potential, an update on the South Hills Mall area, and the economic impact of Downtown Cary Park, including a possible future partnership. No item required or received a vote.

Speaking at this meeting

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Agenda items (4)

Presentation · 2Staff or committee report · 1Discussion item · 1
  1. 1. Interim Town Manager's Remarks
    Staff or committee report
    Speaker: Russ Overton, Interim Town Manager
  2. 2. Development Update
    Speaker: Scot Berry, Assistant Town Manager
  3. 3. Quarterly Chamber Report
    Speaker: Mark Lawson, Cary Chamber of Commer ce President
  4. 4. Committee Member Dialogue
    Discussion item
    Members discussed the economic development potential of the Kildaire Farm Road corridor, an update on the South Hills Mall area, and the economic impact of Downtown Cary Park.

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