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Local Government
100 Jobs Coming To Franklin County In K-FLEX Expansion PDF Print E-mail
Local Government
By Administrator   
Thursday, 03 November 2016 09:52
K-FLEX USA plans to nearly double in size with the expansion of its manufacturing operations in Franklin County. The company will create 100 new jobs and invest $45 million in its facilities and equipment over the next four years.
 
“This announcement by K-FLEX builds on North Carolina's legacy of leading the Southeast with the most manufacturing jobs,” said Governor Pat McCrory. “This is further evidence that global companies like K-FLEX can find the talent and business climate in North Carolina to expand and thrive.”
 
K-FLEX USA is a leading manufacturer of thermal and acoustic insulation, gaskets, seals and mats designed for buyers in the energy, construction, marine, automotive and athletics industries. K-FLEX USA is a unit of Italy’s IK Insulation Group, which makes and distributes a diversified portfolio of insulation products around the world. IK’s global operations employ 2,000 people. K-FLEX’s North Carolina workforce currently totals 195 full-time employees and contractors.
 
“We are excited to add to our manufacturing campus in Youngsville and look forward to continuing to be an active member in our community,” said Giuseppe Guarino, President of K-FLEX USA. “This new facility will ensure that K-FLEX USA can continue to meet the growing demand for our products in North America and around the world. We are grateful to Franklin County and the state of North Carolina for their support as we invest in our shared future.”
 
K-FLEX USA’s expansion adds 100 jobs at its Youngsville plant. Included among the new hires will be supervisors, skilled operators and maintenance technicians, among other personnel. While compensation will vary by position, the average yearly salary of K-FLEX’s new positions will be $49,100. Overall annual wages in Franklin County currently average $39,067.
 
“North Carolina’s manufacturing economy is diversified, and globally competitive,” said Secretary Skvarla. “Our appealing cost-structure and high-quality workforce align neatly with the long-range growth strategies of companies like K-FLEX, which is what makes North Carolina’s economy one of the fastest growing in the nation.”
 
K-FLEX’s expansion will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the state’s Economic Investment Committee today. Under the terms of the company’s JDIG, the company is eligible to receive up to $1.1 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. The state reimbursement is contingent upon local participation from Franklin County.
 
By law, JDIG projects must result in a net revenue inflow to the state treasury over the life of the award. For projects in Tier 2 counties such as Franklin County, 15 percent of the eligible grant is directed to the state’s Industrial Development Fund – Utility Account to help finance economic infrastructure in less populated counties. K-FLEX’s expansion could provide as much as $126,100 in new funds for the Utility Account. More information on county tier designations is available here. 
 
“Manufacturing lies at the heart of North Carolina’s economy,” said State Senator Chad Barefoot. “K-FLEX USA, and its success in Franklin County, exemplifies the innovative, responsive and entrepreneurial spirit of our state’s manufacturing community.”
 
“We are fortunate K-FLEX chose to nearly double in size right here at home,” said State Representative Jeff Collins. “We value this global company and its commitment to Franklin County and North Carolina.”
 
Numerous partners joined with N.C. Commerce and the EDPNC in supporting K-FLEX’s expansion. They include the North Carolina General Assembly, the North Carolina Community College System, N.C. Transportation, Franklin County and the Franklin County Economic Development Commission.
Last Updated on Friday, 04 November 2016 09:30
 
McCrory Offers Reward In Fayetteville Murder PDF Print E-mail
Local Government
By Administrator   
Tuesday, 01 November 2016 12:41
Governor Pat McCrory announced today that the state is offering a reward of up to $5,000 for information leading to the arrest and conviction of the person or persons responsible for the murder of Jahir Alexander Barrios.
 
On May 8, 2015, the Fayetteville Police Department responded to a report of shots fired at a residence on Torbay Drive in Fayetteville. Officers found 28-year old Barrios in the living room of the residence with multiple gunshot wounds. The investigation revealed an unknown subject knocked on the door of the residence and shot Barrios while he was standing in the doorway. The unknown shooter fled the scene on foot and left the area by unknown means.
 
Anyone with information concerning this case should contact the Fayetteville Police Department at (910) 433-1860 or the State Bureau of Investigation at (919) 662-4500.
 
Mafic USA to Create 113 Jobs in Cleveland County PDF Print E-mail
Local Government
By Administrator   
Tuesday, 01 November 2016 12:36
Governor Pa Mafic USA LLC will launch a 113-job manufacturing operation in Cleveland County. The advanced materials company plans to invest more than $15 million in a production facility in Shelby.
 
“Mafic USA brings an impressive track record of innovation and industry leadership to Cleveland County,” said Governor Pat McCrory. “Nothing speaks more powerfully to the quality of our workforce, market access and business climate than when a global company like Mafic chooses to invest and hire in North Carolina.”
 
Mafic USA is the U.S. unit of privately-held Mafic Inc. The parent company, founded in 2012 and based in Ontario, Canada, is a part of a global producer of continuous and chopped basalt fiber as well as long fiber thermoplastic resins. Mafic products are shipped to buyers in the automotive, aerospace, alternative energy and numerous other industries. The company currently produces its basalt fiber products in Ireland and its long fiber thermoplastic resins in Canada.
 
“We make things in North Carolina, so Mafic is a great fit,” said Commerce Secretary John Skvarla. “Manufacturing is among our largest industry sectors, accounting for nearly 20 percent of our gross domestic product, and it extends into every corner of our state.”
 
The company’s new operations in Shelby will employ skilled operators, engineers, sales staff and other personnel. The company’s presence will add nearly $3.6 million in annual payroll impact to the local economy.  
 
“We considered a number of locations across the U.S. for our first American manufacturing facility, said Mafic CEO Mike Levine. “North Carolina and Cleveland County had been under consideration from the start, due to its network of specialized suppliers and wide-range of potential B2B customers and strategic partners. What sealed the deal for us was the multifaceted support from all levels of government; the state, county and city. In particular, the Cleveland County Economic Development Partnership went way beyond what was expected.”
 
Mafic USA’s arrival in North Carolina was made possible in part by a performance-based grant of up to $225,000 from the One North Carolina Fund. The One NC Fund provides financial assistance in support of local governments in creating jobs and attracting economic investment. Companies receive no money upfront and must meet job creation and capital investment targets to qualify for grant funds. All One NC grants require a local government match.
 
A $500,000 grant from the state’s Building Reuse Program, which provides grants to local governments for building renovations that lead to job growth, will also assist the company.  An outdated and abandoned building will now be converted into a modern state-of-the-art facility suited to Mafic’s very specific requirements.
 
“Cleveland County has become a hub for international manufacturers, and we appreciate Mafic USA joining our ranks with its first U.S. manufacturing facility,” said N.C. House Speaker Tim Moore. “Congratulations to the company and to all our economic development partners for their success in bringing 113 new jobs to our community.” 
 
"We welcome Mafic USA and the job opportunities it brings to Cleveland County,” said N.C. Senator Warren Daniel. “Their investment will bring valuable benefits to our community and economy.”
 
In addition to North Carolina Commerce and EDPNC, other key partners in the project include the North Carolina General Assembly, North Carolina Community College System, N.C. Rural Infrastructure Authority, Cleveland County, the City of Shelby, Duke Energy and the Cleveland County Economic Development Partnership.
Last Updated on Tuesday, 01 November 2016 12:51
 
DOT Awards $147 Million To Towns And Cities For Transportation Improvements PDF Print E-mail
Local Government
By Administrator   
Thursday, 27 October 2016 15:37
Governor Pat McCrory has announced that the N.C. Department of Transportation is distributing more than $147 million to 508 cities and towns throughout North Carolina to support municipalities in the maintenance, repair, construction, reconstruction, widening or improving of roads, in addition to the planning, construction and maintenance of bikeways, greenways and sidewalks. The first half of the funding through the Powell Bill fund was dispersed on September 28, and the rest will be distributed by December 30.
 
"I am pleased that these funds will help hundreds of communities upgrade or repair their transportation systems and fulfill our goal of better connecting North Carolinians to jobs, education, healthcare, recreation and each other," said Governor McCrory. "These improvements will benefit residents and visitors through safety upgrades, increased connectivity and new economic opportunities."
 
The 2015 budget signed into law by Governor McCrory increased the amount of Powell Bill funding to $147.5 million per year, as opposed to past years when funding was in part determined by gas tax revenue.
 
Twenty-two cities will receive at least $1 million. The amount each municipality receives is based on a formula set by the N.C. General Assembly, with 75 percent of the funds based on population, and 25 percent based on the number of locally maintained street miles.
 
The fund is named for Junius K. Powell, a former state senator and mayor of Whiteville, who was a primary sponsor of the 1951 bill to help the state's cities with urban road problems. The first allocation of Powell Bill funds was for $4.5 million and was distributed to 386 cities and towns.
Last Updated on Thursday, 27 October 2016 15:39
 
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