A global tire manufacture is now moving to Concord, NC.
Yokohama Tire just announced it will be moving its R&D facility to Concord’s International Business Park.
They said they plan on hiring at least 56 people with an average salary of over $80k per year.
The company will be receiving a $150,000 grant from the One North Carolina Fund, in exchange for their new economic development. They’ll also receive about $136,625 from Concord and Cabarrus County in the form tax reductions over a 5 year period.
N.C. Gov. Pat McCrory commented in a press release that the state’s “leadership in motorsports and automotive components” brought Yokohama to Concord.
The new office will be hiring engineers, technicians, management staff and others in 21,400 square feet at 4715 Corporate Drive in Concord.