• Google Bookmarks
  • Twitter
  • Facebook
  • Digg
  • reddit
Local Government
Textile Manufacturer Will Bring 600 Jobs To Rutherford County PDF Print E-mail
Local Government
By Administrator   
Wednesday, 07 December 2016 16:15
 Everest Textile USA will establish a 610-job manufacturing facility in Rutherford County. The Taiwan-based maker of high-performance sports apparel will invest $18.5 million over five years at a site in Forest City.
 
"North Carolina’s outstanding business climate offers great advantages to global manufacturers such as Everest Textiles," said Governor Pat McCrory. "We are thrilled that this innovation-based textile company has selected our state and its tradition of high-quality manufacturing to build its presence in the Americas."
 
Since Governor McCrory entered office in January of 2013, North Carolina’s economy has generated more than 300,000 jobs.
 
Everest Textiles USA is a unit of Everest Textile Co., Ltd., headquartered in Tainan City, Taiwan. Founded in 1988, the publicly-held parent company (TWSE: 1460) is a vertically integrated developer and supplier of innovative products to leading brands in sports, casual and other apparel. Its buyers include names such as Nike, Columbia and Patagonia. Everest currently has factories in Taiwan, China and Thailand. Its Rutherford County plant will be its first outside Asia.
 
“North Carolina’s outstanding workforce, moderate cost-structure and engaged community colleges put us on the short list for 21st century manufacturers of every kind,” said Secretary John Skvarla. “We have all the ingredients global companies need to succeed.”
 
The company plans to employ operators, supervisors and an administrative team. Once fully operational, the facility will add nearly $15.8 million annual payroll impact to the local economy.
 
“Everest positions itself as one of the leading global enterprises and commits to contribute to human society by providing innovative, environmentally friendly and comfortable textile products to the industry and consumers,” said Scott Chen, Corporate Vice President. “There is still a long way for us to go and your continuous support is essential. Trust we will all work together to make it happen.”
 
“As a native North Carolinian, it is exciting to see Everest Textile USA investing in the state and people of North Carolina, while also creating innovative products,” said Michael Chen, U.S. Legal Counsel to Everest Textile. “This project will be a tremendous opportunity for all parties involved.”
 
Everest’s arrival in Rutherford County will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the state’s Economic Investment Committee earlier today. Under the terms of the company’s JDIG, the company is eligible to receive just over $3 million in total reimbursements. Payments will occur in annual installments over 12 years pending verification by NC Commerce and NC Revenue that the company has met incremental job creation and investment targets. JDIGs reimburse new and expanding companies a portion of the newly created tax-base with the goal of increasing the overall tax benefit to the State of North Carolina. By law, JDIG projects must result in a net revenue inflow to the state treasury over the life of the award. This project is contingent upon local participation from the county or municipality.
 
“I welcome Everest Textiles USA to Rutherford County and look forward to this R&D-intensive manufacturer creating jobs and becoming a visible part of our business community,” said State Senator Ralph Hise.
 
“The selection of Rutherford County for Everest’s first production site outside of Asia is clear evidence that western North Carolina is competitive with any region in the world when it comes to manufacturing,” said State Representative David Rogers. “I congratulate this growing company on its terrific choice and look forward to supporting its success.”
 
In facilitating Everest Textile’s announcement, North Carolina Commerce and EDPNC worked with the North Carolina General Assembly, the North Carolina Community College System, NCWorks, the North Carolina Department of Environmental Quality, Rutherford County, the Town of Forest City, the Rutherford County Economic Development Commission and North Carolina State University, and the North Carolina Taiwanese Chamber of Commerce.
 
 
Snyder's-Lance To Add 100 Jobs In Mecklenburg County PDF Print E-mail
Local Government
By Donna Martinez   
Monday, 28 November 2016 11:59
Governor Pat McCrory, North Carolina Commerce Secretary John E. Skvarla, III, and the Economic Development Partnership of North Carolina (EDPNC) today announced a 100-job expansion by Snyder’s-Lance, Inc. in Mecklenburg County. The company will invest $38 million over the coming three years at its Charlotte headquarters and production facility.
 
“Snyder’s-Lance is a leading name in North Carolina’s food manufacturing industry and a prominent corporate headquarters,” said Governor McCrory. “North Carolina’s talented workforce and competitive business climate will support the expansion of this international snack food provider.”
 
Snyder’s-Lance (NASDAQ: LNCE) is the second largest maker of salty snacks in the U.S. Its popular brands include Snyder's of Hanover®, Lance®, Kettle Brand®, Cape Cod®, Snack Factory® Pretzel Crisps®, Pop Secret®, Emerald®, Diamond of California®, Late July®, and other brands. The company was formed by the 2010 merger of Lance Inc. and Snyder's of Hanover. Snyder’s-Lance reported nearly $1.7 billion in net revenue for 2015. It currently employs more than 1,200 people in North Carolina.
 
“You can’t beat made in North Carolina products that are tasty snacks,” said Secretary Skvarla. “Among the reasons we lead the Southeast in manufacturing employment are the 62,000 workers who make the consumer food and beverage industry a global player.”
 
Synder’s-Lance intends to hire 70 workers for a new production line at its South Boulevard manufacturing plant and another 30 at its Ballantyne headquarters. Positions will range from machine operators and warehouse personnel to engineers and management. The company’s expansion will add more than $4.3 million in annual payroll impact to the local economy.
 
“Snyder’s-Lance has called North Carolina home for more than 100 years and we are proud to expand our operations here and continue to invest in the future growth of our great company,” said Carl Lee, President and Chief Executive Officer. “North Carolina is a great place to do business and we appreciate the support of our city, county and state partners.”
 
The project was made possible in part by a performance-based grant of up to $100,000 from the One North Carolina Fund. The One NC Fund provides financial assistance, through local governments, to attract business that will stimulate economic activity and create new jobs in the state. Companies receive no money up front and must meet job creation and capital investment targets to qualify for grant funds. All One NC grants require a local government match.
 
Since Governor McCrory entered office in January of 2013, North Carolina’s economy has generated more than 300,000 net new jobs.
 
“Mecklenburg County is the perfect environment for both manufacturing and corporate headquarters operations,” said N.C. Senator Bob Rucho. “I look forward to supporting this important expansion by Snyder’s-Lance.”
 
“Snyder’s-Lance, and its predecessor company, has been a tremendous corporate citizen in the Charlotte Region for more than a century,” said N.C. Representative Scott Stone. “I commend Snyder’s-Lance for its continued investment in its Charlotte operation and headquarters. Thank you to our state and local economic development partners for their hard work in supporting the growth and success of this North Carolina-based company.”
 
Numerous state and local allies worked with EDPNC and N.C. Commerce in supporting Snyder’s-Lance’s expansion plans. They include the North Carolina General Assembly, the North Carolina Community College System, Mecklenburg County, the City of Charlotte and the Charlotte Chamber of Commerce.
 
Elkamet Will Expand In Henderson County PDF Print E-mail
Local Government
By Administrator   
Friday, 18 November 2016 11:48
Elkamet Inc. will expand its manufacturing site in Henderson County. The company intends to add 25 workers at its East Flat Rock facility over the coming three years, investing $6.5 million.
 
“Quality-minded manufacturers from around the world continue to turn to North Carolina and its renown business climate,” said Governor McCrory. “Elkamet is adding 25 employees at its Henderson County facility, which speaks highly of the company’s experience here in North Carolina.”
 
Since Governor McCrory entered office in January of 2013, North Carolina’s economy has generated more than 300,000 net new jobs.
 
Elkamet Inc. is the U.S. unit of Elkamet Kunstofftechnik GmbH, a family-owned company headquartered in Biedenkopf, Germany. Elkamet specializes in manufacturing custom rotational molded plastics, such as hydraulic oil tanks, as well as finishing extruded products, like windshield profiles.
 
The facility in East Flat Rock, the company’s only plant outside Europe, opened in 2007 and currently employs 108 workers.  Products made in Elkamet’s East Flat Rock facility can be found in finished goods made by Ford, Volkswagen, and Caterpillar.
 
“Our state’s productive workforce, competitive cost-structure and connections to major markets will continue to support Elkamet’s growth strategy,” said Secretary Skvarla. “The company’s success speaks to all the assets and amenities that make North Carolina the Southeast’s No. 1 state for manufacturing jobs.” 
 
The 25 new positions at Elkamet will include machine operators, skilled laborers and supervisors. The company’s expanded workforce will create an annual payroll impact of nearly $790,000 for the local economy.
 
"The growth Elkamet has experienced over the last five years is certainly due, in part, to the local support we continue to receive from the Henderson County Partnership for Economic Development, the State of North Carolina and the qualified pool of those seeking employment from which we pull to build our fine team," said Elkamet Plant Manager Brent Coston. "Having been born and raised in Henderson County, it is great to be a part of something that will benefit the people of this county."
 
Elkamet’s expansion was made possible in part by a performance-based grant of up to $35,000 from the One North Carolina Fund. The One NC Fund provides financial assistance, through local governments, to attract business projects that will stimulate economic activity and create new jobs in the state. Companies receive no money up front and must meet job creation and capital investment targets to qualify for grant funds. All One NC grants require a local government match.
 
“It is exciting that this global manufacturer will add jobs and investment to its location in Henderson County,” said N.C. Senator Chuck Edwards. “Elkamet continues to show confidence that western North Carolina is an ideal place for business. This is yet another example of the progress our state has made to build a business friendly environment that enables and entices economic growth. I am confident the best is still ahead.”
 
“I appreciate Elkamet’s important expansion as well as the 25 new jobs it brings to Henderson County,” said N.C. Representative Chris Whitmire. “I congratulate this valued member of our manufacturing community for the success that has led to this latest wave of growth.”
 
Numerous state and local allies worked with N.C. Commerce and EDPNC in supporting Elkamet’s expansion. They include the North Carolina General Assembly, Henderson County and the Henderson County Partnership for Economic Developmen
 
State Award$1.7 Million In Grants To Small Businesses PDF Print E-mail
Local Government
By Administrator   
Friday, 18 November 2016 11:45

Governor Pat McCrory and Commerce Secretary John E. Skvarla, III announced today that $1.7 million from the One North Carolina Small Business Program has been awarded to 29 small companies across 13 North Carolina communities. The companies will use the funds to develop new products, hire additional employees, and purchase equipment and materials.

“The One NC Small Business Program helps spur the growth of companies with strong chances of becoming the powerhouse employers of tomorrow,” said Governor McCrory. “This program is a critical tool to help expand our state’s innovation economy.” 

The program provides state grants to match federal funds awarded through the highly competitive Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs, which help companies develop new and innovative technologies that have high potential for commercialization.
 
Data shows that the program helps young technology companies survive. Since the program’s creation in 2005, 85 percent of grant recipients are still in business. Moreover, 98 percent of the surviving companies are still based in North Carolina.
 
Reflecting the state’s strengths in biosciences, 86 percent of the awards went to businesses in this industry. The majority of these companies were in biotechnology segments, followed by pharmaceuticals, general medical, medical software and hardware, and advanced materials.

Clairvoyant Technology LLC, a current recipient, is developing new wireless and sensor technology to track objects in areas such as agriculture and manufacturing. “The One NC Small Business matching program has allowed us to expand our research and development capabilities through the addition of sophisticated test and measurement equipment, further allowing us to develop our products,” said Dr. Thomas Frederick, president of Clairvoyant. The Durham company currently has seven employees.

The Office of Science, Technology & Innovation, part of North Carolina Commerce, is still accepting grant applications for the 2017 fiscal year. Eligible applicants must receive a federal SBIR/STTR grant between July 1, 2016 to June 30, 2017. The program awards funds on a first-come, first-serve basis until funds are exhausted. For additional information, see the current solicitation here.
 
One North Carolina Small Business Awards, July 1, 2016 - October 30, 2016:

 

 
«StartPrev123456NextEnd»

Page 1 of 6
Copyright 2011 - All Rights Reserved
3012 Highwoods Blvd., Suite 200
Raleigh, NC 27604
Telephone: (919) 790-9392