Incentives seal Draka’s expansion plans – Rocky Mount Telegram


A company in Rocky Mount that manufactures elevator products is planning to add 34 full-time jobs over the next five years as part of an expansion.

The Nash County Board of Commissioners approved an inducement agreement Monday for Draka Elevator Products to expand operations at the Whitakers Business and Industrial Center in Nash County.

Draka, which operates its global headquarters on North Church Street, plans to hire 34 full-time workers at or exceeding an average annual wage of $38,584 by Dec. 31, 2020.

The agreement states that Draka plans to invest $12.1 million into the development of a 140,000-square-foot manufacturing facility.

Nash County transferred ownership of 14 acres of land and 11 acres of easement valued at $375,840 in Whitakers Business and Industrial Center to Draka. (Source: Read more)

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