New facilities to boost local economy – Rocky Mount Telegram


The local economy in 2017 was bolstered by two major economic development announcements coming in a two-week span that will bring more than 900 jobs to the area.

The biggest news in the Twin Counties was the announcement by Triangle Tire Co., one of the largest Chinese tiremakers, making the largest ever manufacturing investment in rural North Carolina with a nearly $580 million in investment and the creation of 800 jobs coming to Edgecombe County by 2023 at the 1,449-acre Kingsboro megasite.

State economists said 70 percent of the jobs created in the state in 2017 went to the major metropolitan areas like the Triangle, the Triad and Charlotte. Gov. Roy Cooper said any jobs going to a rural area is significant. The Edgecombe County operation is expected to pay an average wage of $56,450, which is almost double the average wage of $32,642 in Edgecombe County. (Rocky Mount Telegram)

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.