A new $27 million manufacturing plant has just been announced for the City of Concord.
Specialty Packaging company Max Solutions, Inc announced it will be building their first facility in the Carolinas as well as creating 150 new higher than average paying jobs.
In a press release, NC Governor Roy Cooper praised the decision.
“North Carolina’s reputation for manufacturing continues to attract entrepreneurs across all industries and Cabarrus County is the perfect spot,” said Cooper. “With our talent, transportation, and East Coast location, manufacturers in all phases of growth can count on North Carolina to support their success.”
Although salaries for the new positions will vary, the average annual salary for the new positions is $67,253, which is more than Cabarrus County’s annual average wage of $43,687. The project could create a potential annual payroll impact of more than $10 million per year for the region.
“We are thrilled to be returning to North Carolina,” said Dennis Kaltman, President and COO of Max Solutions, Inc.“ The Concord location will allow us to service our customer base in North Carolina, South Carolina, and Virginia. Furthermore, this facility will have the same state of the art equipment as its sister facility in Pennsylvania, which will allow Max to service its entire customer base as necessary. We particularly appreciate the efforts of the North Carolina Department of Commerce over the past few months as we searched and identified what we believe to be an ideal facility. We look forward to partnering with North Carolina as we identify and train the skilled labor necessary to operate our facility.”
The new project will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the state’s Economic Investment Committee earlier today. Over the course of the 12-year term the company is estimated to grow the state’s economy by $400 million, allowing for a potential company reimbursement of up to $1,250,250 spread over 12 years.