December 21, 2017/Press

ICYMI: NC sees recent flurry of economic expansion thanks to Gov. Cooper

RALEIGH – The “Jobs Governor” has been hard at work advocating for our state and its citizens and our local economies since taking office. This week alone we saw a “flurry” of new jobs announcements that will bring over 1,000 well-paying jobs to North Carolina. Governor Cooper is focused on kitchen table issues, like bringing good jobs and better paychecks to our rural areas and ensuring that North Carolina citizens have good economic opportunities no matter their zip code.

WNCN: HEADLINE: NC sees recent flurry of economic expansion

“N.C. State Economics Professor Mike Walden told CBS North Carolina that many jobs going to a rural area is significant. “We saw jobs announcements going to areas that really need the jobs,” said Walden.”

News & Observer: “’It’s been a great week for jobs announcements,’ Dave Efird, general counsel for the state Department of Commerce, said at Thursday’s meeting of a committee that approves state grants. It was the third meeting this week.”

Charlotte Business Journal: “’It’s definitely one of the largest investments in eastern North Carolina in the history of North Carolina,’ Copeland told the crowd.”

News & Observer: “Conduent Inc. plans to hire 200 workers over the next three years at a global innovation hub it has planned for Wake County… Salaries will vary by position, but the average annual wage will be $100,000, which is higher than the current Wake County average of $53,783.”

Greenville Daily Reflector:  “’Successful economic development strategies for the state’s rural areas must involve creative approaches like we’re seeing with today’s decision from Corning,’ said North Carolina Commerce Secretary Anthony M. Copeland. ‘By including Edgecombe County in the project’s scope, the company confirms the state-wide strength North Carolina offers the life science industry.’”

WNCN: NC sees recent flurry of economic expansion
December 20, 2017

It’s been a big week for job growth in North Carolina.
In just the last week, state leaders announced three major job expansions, bringing more than a thousand jobs to central North Carolina.

“We are welcoming,” said Gov. Roy Cooper (D) on Wednesday. “We are open for business.”
In seven days, there were three major jobs announcements.

Conduent, a business services company, is bringing 200 jobs to Morrisville.

Corning, a glass manufacturer, is bringing more than 300 jobs to Durham County and more than 100 to Edgecombe County.

Also in Edgecombe County, Triangle Tyre, a Chinese tire manufacturer, will bring 800 jobs.
N.C. State Economics Professor Mike Walden told CBS North Carolina that many jobs going to a rural area is significant.

“We saw jobs announcements going to areas that really need the jobs,” said Walden. “I estimate that 70 percent of the jobs created in this state in 2017 went to the major metropolitan areas like the Triangle, the Triad and Charlotte.”

North Carolina also remains in contention for some other major companies.
The state is hoping to get Amazon’s second headquarters here. Reports indicate North Carolina is a finalist for a joint car factory with Toyota and Mazda, worth one-point-six billion dollars and potentially bringing thousands of jobs.

“One thing I can tell you is that North Carolina is a great place for businesses to come,” said Cooper. “I’m sending that message to all of these companies. We’re working it hard. We will hope to have some more announcements in the future, the near future.”

Read the full online article here.

News & Observer: NC announces 639 new manufacturing jobs
By Craig Jarvis
December 21, 2017

Three manufacturing companies have pledged to create 639 new jobs in Iredell, Gaston and Burke counties, state officials announced Thursday.

The companies will receive financial incentives from North Carolina, marking the ninth incentives deal in the past four weeks to help lure new industry to the state.

“It’s been a great week for jobs announcements,” Dave Efird, general counsel for the state Department of Commerce, said at Thursday’s meeting of a committee that approves state grants. It was the third meeting this week.

Nearly $5 million in incentives are targeted for the three projects in the western part of the state. If the companies meet hiring and investment requirements, they will get $3.8 million from the Jobs Incentive Development Grant program and nearly $1 million from a state community colleges training fund.

Together, the companies plan to invest $72.8 million.

Among the awards was a $1.3 million grant to Tristone Flowtech USA, a subsidiary of a German auto-industry supplier, which makes automotive engine battery cooling products. The company chose Iredell County north of Charlotte for its first manufacturing operation in the United States.

North Carolina has been beefing up its auto industry grants, partly in hopes of landing a major manufacturing operation joint venture between Toyota and Mazda.

Tristone must hire 302 employees over five years, beginning in 2019, to receive the full incentives, which are paid out over 12 years. The company says it intends to invest $23 million in the Mooresville project.

Belgium-headquartered Dhollandia, which makes hydraulic lifts for trucks and other vehicles, is also creating its first manufacturing plant in the United States. It will create 150 jobs and invest $30 million in Bessemer City in Gaston County, also near Charlotte. Its incentive package could pay out $1.6 million over 12 years.

Sunrise Global Marketing, which makes battery-powered outdoor equipment such as leaf blowers and pressure washers, plans to create 187 jobs over five years in Burke County. It plans to invest $23 million to expand its operations with a facility that can accommodate warehousing, assembly and manufacturing.

The company, which is headquartered in Mooresville, could get $1.8 million in state incentives over 12 years.

Read the full online article here.

Charlotte Business Journal: Tire firm picks North Carolina over Georgia for 800-job manufacturing project
By Lauren Ohnesorge
December 19, 2017

As Chinese tire firm Triangle Tyre Co was deciding where to locate its first U.S. manufacturing facility, the decision came down to North Carolina and Georgia. That’s according to N.C. Department of Commerce officials, speaking Tuesday after the 800-job project was unveiled to the public.

Triangle Tyre is a subsidiary of Triangle Group Co. that makes tires for both commercial and passenger vehicles. It plans to invest $580 million into two tire plants, which will be located at the Kingsboro megasite in Edgecombe County. In exchange, the company is eligible for Job Development Investment Grant reimbursements of up to $20.1 million and a performance-based grant from the One North Carolina Fund for up to $16 million, provided it meets job and investment targets.

The jobs’ average salaries are expected to be about $56,500. The county’s average wage is about $32,640.

State officials, including Gov. Roy Cooper, announced the jobs Tuesday at Edgecombe Community College in Tarboro.

“They could have chosen anywhere on the planet to locate their headquarters, but they chose here,” Cooper told the crowd. “Instead of shifting jobs overseas, we need to bring overseas jobs to North Carolina, and that’s what we’re going to do.”

Once operational, the facilities will churn out 6 million tires per year, according to Cooper.

“It’s definitely one of the largest investments in eastern North Carolina in the history of North Carolina,” Copeland told the crowd.

The project is expected to have an economic impact of $2.4 billion.

And It’s the second announcement Cooper has made in Tarboro in recent days. Last week, Cooper announced that Corning Incorporated had picked Edgecombe and Durham counties for a 428-job expansion.

Read the full online article here.

News & Observer: 200 jobs announced for technology hub in Wake County
By Craig Jarvis
December 18, 2017

Conduent Inc. plans to hire 200 workers over the next three years at a global innovation hub it has planned for Wake County.

The jobs announcement came on Monday as a state committee that approves financial incentives agreed to award $2.8 million to the company if it makes hiring and investment goals.

“Given Conduent has a strong relationship in North Carolina already – with more employees here than any other state – opening a new global technology and innovation hub in the heart of the Research Triangle is the right move for our clients and our people,” CEO Ashok Vemuri said in a statement.

The company says it will invest $2.7 million for the new facility in an office park in Morrisville.

Salaries will vary by position, but the average annual wage will be $100,000, which is higher than the current Wake County average of $53,783.

The state incentives awarded to Conduent will come from a Jobs Investment Development Grant and a community college grant program. Conduent will also receive $41,512 in incentives from Wake County and $40,500 from the town of Morrisville.

Read the full online article here.

Greenville Daily Reflector: Corning to build distribution center in Edgecombe County
By Corey Davis 
December 14, 2017

A world leading innovator in material science is investing more than $80 million to build a warehouse facility in Edgecombe County that will create more than 100 new jobs.

Gov. Roy Cooper announced Wednesday that New-York based manufacturer Corning, Inc. will invest $86 million in Edgecombe County to build a global distribution center. Norris Tolson, CEO and president of the Carolinas Gateway Partnership, said the company will create 149 new jobs in Edgecombe County.
Overall, Corning will create a total of 428 jobs and $275 million in investment over three years in North Carolina.

Corning is planning to invest $189 million for its manufacturing operations facility in Durham that will create more than 300 new jobs in Durham County. Company officials said the jobs will provide future support for the company’s new pharmaceutical glass packaging product, Valor Glass, and potential growth from other Corning businesses in North Carolina and elsewhere.

“Corning knows firsthand that our state’s talented workforce and ideal location provide clear advantages for a growing company,” Cooper said. “This decision to bring new jobs to both Eastern North Carolina and the Triangle demonstrates confidence in workers in both the rural and urban parts of our state to produce and distribute this groundbreaking new product.”

“Successful economic development strategies for the state’s rural areas must involve creative approaches like we’re seeing with today’s decision from Corning,” said North Carolina Commerce Secretary Anthony M. Copeland. “By including Edgecombe County in the project’s scope, the company confirms the state-wide strength North Carolina offers the life science industry.”

Corning will add a variety of job functions at each location. Although salaries will vary by position and location, the average wage at the proposed facility in Durham County will be $65,999 and $33,771 in Edgecombe County, in line with average wages in each location.

Read the full online article here.