Local Government
UPS Expansion Will Add 592 Jobs In Guilford And Alamance County PDF Print E-mail
Local Government
By Administrator   
Wednesday, 28 October 2020 16:49

UPS, the multinational package delivery and supply-chain management company, will undertake a significant expansion to its North Carolina presence with the addition of 592 jobs in Guilford and Alamance counties. The company plans to invest a total of $316.4 million at two sites over the coming four years.

The pandemic highlights that supply chain management and delivery services are critical during a crisis. These two expansions are a bold investment that add up to hundreds of jobs and millions in investment across North Carolina,” said Governor Roy Cooper.  

Founded in 1907, UPS [NYSE: UPS] provides logistics and supply-chain management services across 220 nations and territories, delivering approximately 5.5 billion packages and documents per year. The Atlanta-based company employs a workforce of 528,000 and operates out of more than 1,800 facilities around the world. UPS currently employs 2,461 workers in North Carolina.

“UPS appreciates the State of North Carolina for their support of these projects that will help UPS move our world forward by delivering what matters. The new and expanded facilities will increase the speed and flexibility for connecting businesses and customers throughout the state, across the country and around the globe,” said Derrick Johnson, president of UPS’s South Atlantic District. “This is an exciting time to be part of North Carolina’s economic growth and we look forward to bringing additional jobs that pay well to the Greensboro area as a partner in the community.” 

UPS will expand its existing Greensboro hub with the addition of 141 new jobs and construct a new package car center at the N.C. Commerce Center in Graham, creating 451 jobs there. New positions at both facilities will come with wages averaging $65,147 per year, creating a total annual payroll impact of $38.5 million for the region. Overall wages in Alamance and Guilford counties average $41,611 and $49,002, respectively. 

“The COVID-19 pandemic is changing the nature of global supply chains, and today’s news is early evidence that North Carolina is positioned well for the future,” said Commerce Secretary Anthony Copeland. “UPS is an iconic name in logistics and their expansion will impact the state’s economy and business community in a number of very positive ways.” 

UPS’s North Carolina expansion will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the state’s Economic Investment Committee earlier today. Over the course of 12 years, the project is estimated to grow the state’s economy by more than $1.4 billion. Using a formula that takes into account the new tax revenues generated by the new jobs, the agreement authorizes the potential reimbursement to the company of up to $10.23 million over 12 years. Payments for all JDIGs occur only after verification by the departments of Commerce and Revenue that the grantee has met its incremental job creation and investment targets. 

Projects supported by JDIG must result in positive net tax revenue to the state treasury, even after taking into consideration the grant’s reimbursement payments to a given company. The provision ensures all North Carolina communities benefit from the JDIG program. Moreover, UPS’s selection of Alamance and Guilford counties, each classified under the state’s economic tier system as Tier 2, means the company’s JDIG agreement will result in as much as $1.14 million in new funding for the state’s Industrial Development Fund – Utility Account. The Utility Account helps rural and economically distressed communities finance infrastructure upgrades necessary in attracting job creation and investment. 

 
Steel Fabrication Company Tp Add 28 Jobs In Perquimans County PDF Print E-mail
Local Government
By Administrator   
Wednesday, 28 October 2020 16:42
East Coast Steel Fabrication, Inc. will add 28 jobs to its production operations in Perquimans County. The privately held company, which provides heavy steel fabrication for barges and marine structures, will expand its facility in Hertford, where it will invest $482,202.
 
“This expansion shows North Carolina is place where businesses want to build their future,” said Governor Roy Cooper. “Companies like East Coast Steel Fabrication continue to choose our state for expansion because we have the workforce and stability, even in a pandemic, to help keep their business growing.” 
 
Founded in 2006 and based in Chesapeake, Va., East Coast Steel Fabrication designs and fabricates buildings, boats, barges and marine structures. Its six-employee operation in Hertford opened in 2019. The company, whose revenues average $6 million annually, is a Certified Small, Women and Minority-Owned business. Its customer base spans the eastern U.S. and includes construction firms, dredging companies, state transportation departments and the U.S. military. 
 
“East Coast Steel Fabrication, Inc. is excited to bring our operations to Hertford, North Carolina,” said Cynthia Overman, Vice President of East Coast Fabrication. “As North Carolina residents, we realize the need for businesses in Northeastern North Carolina and the jobs that they bring. We are extremely thankful to the State of North Carolina and the County of Perquimans for their financial support in expanding our facilities. We hope this will bring many opportunities for surrounding counties and their residents and look forward to the years ahead.”  
 
The North Carolina Department of Commerce led a team of partners in supporting East Coast Steel Fabrications’ decision to expand its North Carolina operations. Annual salaries of the new jobs will average $44,807, creating an annual payroll impact for the community of nearly $1.26 million per year. As part of its expansion, East Coast Steel Fabrication will hire welders, managers, clerical staff and other positions.  
 
“Northeastern North Carolina is the ideal home for companies like East Coast Steel Fabrication, whose expansion means that the region will continue building on its marine trades and services sector," said N.C. Commerce Secretary Anthony M. Copeland. "Competitive costs, modern infrastructure, convenient market access and excellent workforce assets make every corner of our state appealing for growing businesses."
 
A performance-based grant of $60,000 from the One North Carolina Fund will help facilitate East Coast Steel Fabrication’s expansion in North Carolina. The One NC Fund provides financial assistance to local governments to help attract economic investment and create jobs. Companies receive no money upfront and must meet job creation and capital investment targets to qualify for payment. All One NC grants require a matching grant from local governments, and any award is contingent upon that condition being met.
 
The North Carolina Department of Commerce and the Economic Development Partnership of North Carolina led a collaborative effort to facilitate East Coast Steel Fabrication’s expansion. Other key partners in the project include the North Carolina General Assembly, the North Carolina Community College System, the North Carolina Rural Infrastructure Authority and Perquimans County.
 
 
Pratt And Whitney To Create 800 Jobs In Asheville PDF Print E-mail
Local Government
By Administrator   
Wednesday, 28 October 2020 09:16

Pratt & Whitney, a division of Raytheon Technologies Corp. (NYSE: RTX) plans to invest approximately $650 million and create 800 jobs through 2027 in Asheville. The project will bring a new high-tech turbine airfoil production facility to Buncombe County.

“We are positioning North Carolina to come out of this pandemic with these and other good paying jobs which signals a bright future in aviation even with the current challenges the industry faces. Manufacturers know they can count on our strong workforce, our innovation and our leadership in uncertain times,” said Governor Roy Cooper.

Pratt & Whitney, a unit of Raytheon Technologies Corporation (NYSE:RTX) is a world leader in the design, manufacture and service of aircraft and helicopter engines, and auxiliary power units. The new project in Asheville will lead to the development of a new 1,000,000 square foot advanced manufacturing facility.

“This investment will enable Pratt & Whitney to continue to modernize and transform its operations with cutting-edge technologies," said Chris Calio, president, Pratt & Whitney. “Turbine airfoils are a critical component across our engine portfolio and demand will increase significantly as the market recovers over the next several years. We need to invest today to ensure that we have the infrastructure, production capabilities and workforce in place to meet future market demand and provide the best products to our customers worldwide. We are grateful for the support provided by the State of North Carolina and the local community.”  

“North Carolina’s leadership in aerospace may have started with the Wright Brothers, but make no mistake, this industry is a vibrant part of our state’s modern economy, as today’s announcement proves,” said North Carolina Commerce Secretary Anthony M. Copeland. “We welcome Pratt & Whitney’s new investment in North Carolina.”

Although wages will vary depending on position, the average annual salary for all the new positions is planned to reach $68,000. The current average wage in Buncombe County is $43,134. Once all the new positions announced today are filled, a $54 million payroll impact will be felt in the area economy each and every year, according to estimates by the Department of Commerce.

Pratt & Whitney’s project in North Carolina will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the state’s Economic Investment Committee earlier today. Over the course of the 12-year term of this grant, N.C. Commerce economists estimate the project could grow the state’s economy by $7.4 billion. Using a formula that takes into account the new tax revenues generated by the new jobs, the JDIG agreement authorizes the potential reimbursement to the company of up to $15,543,000, paid over 12 years. State payments only occur following performance verification by the departments of Commerce and Revenue that the company has met its incremental job creation and investment targets. JDIG projects result in positive net tax revenue to the state treasury, even after taking into consideration the grant’s reimbursement payments to a given company.

Pratt & Whitney’s JDIG agreement also could move as much as $5,181,000 into the state’s Industrial Development Fund – Utility Account for use by rural communities elsewhere in the state. The Utility Account helps finance necessary infrastructure upgrades in more economically challenged areas of the state to attract future business.

Partnering with the North Carolina Department of Commerce and the Economic Development Partnership of N.C. on this project were the North Carolina General Assembly, the North Carolina Community College System, the North Carolina Department of Transportation, the Appalachian Regional Commission, Duke Energy Carolinas, the Golden LEAF Foundation, Buncombe County, Asheville-Buncombe Technical Community College, the Asheville Area Chamber of Commerce Community Betterment Foundation, and the Economic Development Coalition of Asheville and Buncombe County.

Last Updated on Wednesday, 28 October 2020 09:18
 
Textile Company To Bring 33 Jobs To Surry County PDF Print E-mail
Local Government
By Administrator   
Wednesday, 28 October 2020 09:08
Texwipe, a global manufacturer of contamination control supplies, will create 33 new jobs in Surry Count.The company will invest more than $4.5 million to locate a manufacturing facility in Mount Airy.
 
“Our state’s economy continues to grow, despite public health and economic challenges,” said Governor Roy Cooper. “Companies like Texwipe choose to grow in North Carolina’s because of our talented workforce and our state’s strong management of the pandemic."
 
Texwipe has been headquartered in Kernersville, N.C. since 1991. The manufacturer is an innovative leader in contamination control supplies and critical cleaning products for life sciences, semiconductor, and other industries requiring critical manufacturing environments.
 
“We are thankful for the support from the City of Mount Airy, Surry County, and the State of North Carolina, and look forward to our expansion and the new career opportunities it will bring to the community,” said Luke Grant, Business Unit Manager of Texwipe. 
 
“Texwipe is an important part of our life sciences supply chain, and the company’s expansion brings exciting benefits on several levels,” said North Carolina Commerce Secretary Anthony M. Copeland. “North Carolina’s many advantages as a business destination support the success of innovation-minded manufacturers as they embrace expanded market opportunities.” 
 
The North Carolina Department of Commerce led a team of partners in supporting Texwipe’s decision to expand their manufacturing footprint in North Carolina. The new positions include production, maintenance and managerial staff. The average annual salary for all new positions will vary creating a payroll impact of more than $1.2 million per year. Surry County’s overall average annual wage is $37,222.
 
A performance-based grant of $75,000 from the One North Carolina Fund will help facilitate Texwipe’s expansion. The One NC Fund provides financial assistance to local governments to help attract economic investment and to create jobs. Companies receive no money upfront and must meet job creation and capital investment targets to qualify for payment. All One NC grants require a matching grant from local governments and any award is contingent upon that condition being met.
 
In addition to the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina, other key partners in the project include the North Carolina Community College System, Surry Community College, Surry County, Surry County Economic Development Partnership, City of Mount Airy, and Duke Energy.
Last Updated on Wednesday, 28 October 2020 09:09
 
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