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Local Government
INC Research Will Add 550 Jobs In Wake County PDF Print E-mail
Local Government
By Administrator   
Tuesday, 13 December 2016 15:14
Raleigh, N.C. - Governor Pat McCrory, North Carolina Commerce Secretary John E. Skvarla, III, and the Economic Development Partnership of North Carolina (EDPNC) announced today that INC Research Holdings, Inc. intends to launch a major expansion to its headquarters in Wake County, creating 550 jobs over the next several years. The provider of Phase I to IV clinical development services plans to invest $37.9 million in its North Carolina expansion.
 
“North Carolina’s excellent business climate, highly skilled workforce and unmatched quality of life continue to attract jobs in the life sciences,” said Governor McCrory. “INC Research’s significant expansion brings additional energy to our state, leading the way in contract research.”
 
 Governor McCrory Announces 550-Job Expansion by INC Research in Wake County<http://staticapp.icpsc.com/icp/loadimage.php/mogile/1346310/d87c41f159084874150cc587848aed42/image/jpeg> 
 
Founded in 1998, INC Research is a global contract research organization ("CRO"), providing a full array of Phase I to Phase IV clinical development services for the biopharmaceutical and medical device industries. Headquartered in Raleigh with operations across six continents, the publicly-traded company [Nasdaq: INCR] connects customers, clinical research sites and patients to speed the movement of new medicines into the marketplace. INC Research currently employs more than 6,700 employees globally of whom 1,376 are based in North Carolina.
 
“North Carolina was a pioneer in clinical trials and continues to be home to the industry’s leading names,” said Secretary Skvarla. “This latest expansion by INC Research highlights the talent pipelines, engaged colleges and universities, and connections to major markets that enable our state to build on its exemplary record of job creation.”
 
Since Governor McCrory entered office in January 2013, North Carolina’s economy has generated more than 300,000 net new jobs.  
 
INC Research will expand its corporate headquarters operation in Wake County. The company intends to hire additional technical and professional employees.  Salaries will vary by position, but the average annual compensation of the company’s new employees will be $74,923. Wake County’s overall average wage is currently $52,315 per year.
 
“We’re pleased to announce our continued commitment to North Carolina,” said INC Research Chief Executive Officer Alistair Macdonald. “The talent base we've been able to attract in our Raleigh and Wilmington offices and across the state in recent years has been phenomenal. We look forward to continued strong growth here and across the globe and couldn’t think of a more suitable location to accommodate our growing employee base.”
 
The expansion by INC Research in Wake 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 JDIG, the company is eligible to receive up to $8.4 million in total reimbursements. Payments will occur in annual installments over 8 years pending verification by N.C. Commerce and N.C. Revenue that the company has met incremental job creation and investment targets. JDIGs reimburse arriving and expanding companies a portion of the newly created tax-base with the goal of increasing the overall revenue benefit to the State of North Carolina. JDIG reimbursements are contingent upon local financial participation from the county or municipality.
 
By law, JDIG projects must result in a net revenue inflow to the state treasury over the life of the award. For projects in Wake and other Tier 3 counties, 25 percent of the eligible grant is directed to the state’s Industrial Development Fund – Utility Account to help modernize economic infrastructure in less populated counties. INC Research’s expansion could provide as much as $2.8 million in new funds for the Utility Account.
 
Partnering with N.C. Commerce and the EDPNC on this project were the North Carolina General Assembly, North Carolina Community College System, Wake Technical Community College, the North Carolina Biotechnology Center, Wake County, the Town of Morrisville, the Greater Raleigh Chamber of Commerce and Capital Area Workforce Development.
Last Updated on Tuesday, 13 December 2016 15:16
 
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.
 
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