Global tech leader CommScope has just announced plans to invest over $60 million into a massive fiber-optic cable production facility in the Charlotte region. The investment will create 250 new high-paying jobs and inject over $14.3 million annually into the local community.
Governor Roy Cooper applauded the decision of CommScope, a Fortune 500 company, which has been a trailblazer in communications technology for over 45 years.
“Connecting every household in North Carolina to high-speed internet is going to take a lot of fiber, and with this expansion CommScope is answering the call not only with American jobs, but North Carolina jobs,” said Governor Cooper in a press release. “We appreciate CommScope’s additional investment in Catawba County and their confidence in our workforce to improve the nation’s fiber-optic infrastructure.”
The new investment will upgrade CommScope’s Catawba County facilities and boost the firm’s capacity to produce fiber optic cable.
Supporting the project, the North Carolina Department of Commerce awarded CommScope a Job Development Investment Grant (JDIG), anticipated to expand the state’s economy by over $834 million across its 12-year term. The grant also allocates $211,100 to the state’s Industrial Development Fund – Utility Account to support infrastructure upgrades in rural areas, thus enhancing their appeal for future businesses.
