North Carolina will see 639 new jobs and more than $72.8 million in private investment from three economic development projects with manufacturing companies in Burke, Gaston and Iredell counties, Governor Roy Cooper announced today.
“North Carolina’s strong workforce, robust training opportunities and healthy business climate continue to attract manufacturers,” Gov. Cooper said. “These promising projects involve partnership with our state’s community college system to help people learn the skills needed to take on these new opportunities.”
Sunrise Global Marketing, LLC, leading manufacturers of Greenworks-branded battery-powered outdoor equipment such as pressure washers and chainsaws, will create 187 jobs over five years in Burke County. The company is headquartered in Mooresville, N.C. and plans to invest $23.225 million to expand its operations in North Carolina by creating a state-of-the-art facility capable of housing warehousing, assembly and manufacturing.
Dhollandia MFG, LLC, a manufacturer of hydraulic lifts for trucks and other vehicles, will locate its first manufacturing plant in the United States in Gaston County, creating 150 jobs. The company, headquartered in Belgium, will invest $30 million in Bessemer City.
Tristone Flowtech USA Inc., a subsidiary of a German supplier for the automotive industry, will locate its first manufacturing facility in the United States in Iredell County, creating 302 jobs. The company will invest $23.6 million in Mooresville.
Details on these job announcements are available at nccommerce.com/news/press-releases.
These three projects will be facilitated, in part, by Job Development Investment Grants (JDIGs) approved by the state’s Economic Investment Committee earlier today. Using a formula that takes into account the new tax revenues generated by the new jobs, the JDIG agreements authorize potential reimbursements to the companies spread 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, even after taking into consideration the grant’s reimbursement payments to a given company.