The largest manufacturing investment in rural North Carolina coming to the Twin Counties is likely to be even larger than anticipated and will break ground soon, according to local economic development officials.
Norris Tolson, CEO and president of the Carolinas Gateway Partnership, was the guest speaker at the first 2018 Rocky Mount Area Chamber legislative forum series sponsored by Pfizer of Rocky Mount on Friday at the Holiday Inn. Chinese tire manufacturer Triangle Tire plans to build its first manufacturing facilities outside of China in Edgecombe County.
The project was announced as a $582 million investment with the creation of 800 jobs coming to the 1,449-acre Kingsboro megasite in Edgecombe County. However, Tolson said, the full build-out of the project will now be a little more than $1 billion and create between 1,100 and 1,200 jobs. (Read more)
The Watch Dog response: Been a long time coming.
The recent milestone announcement of Chinese tire manufacturer Triangle Tire Co. bringing 800 jobs and nearly $580 million in investment to the Kingsboro megasite was the accomplishment of years of development and recruitment efforts by local officials and economic developers to finally land a major firm at the 1,449-acre site that was created to lure a large manufacturer to Edgecombe County.
“It’s great to believe in something for so long and be committed to it,” Edgecombe County Manager Eric Evans said. “I’m very happy for our (Edgecombe County) board of commissioners and a number of them have been on the board for a long time. This was a 20-or-more year process that started from someone having an idea of saying here is some land right here that’s well drained by the U.S. 64 bypass and has great access.” (Rocky Mount Telegram)
Political egos and partisan chest-thumping can sometimes offer amusing theater, but not when real jobs and regional economies hang in the balance.
We have watched the hopeless dilly-
dallying this year of the N.C. General Assembly as it has taken on pointless “freedom of religion” causes rather than the real business of economic incentives.
In the meantime, we are told, not one, but two parties of automaker executives have visited the Kingsboro industrial site in Edgecombe County in search of a place to build a $500 million car factory. A factory that would offer thousands of jobs with good pay and benefits and that likely would attract additional supply companies to Eastern North Carolina with more jobs for years to come. (Source: Read more)
The Political Agitator response: Them Republicans are going to hold us right where we are, little to no progress. This makes no sense. I agree with the following: N.C. Sen. Angela Bryant, D-Nash, said she blames the uncertainty to resolve the state’s incentive package issue on Republican state lawmakers.
North Carolina appears to have missed out on landing another major automobile plant.
According to multiple reports, China-based Volvo Car Corp. is the latest car company to drop the state from its list of choice locations to build a $500 million factory and Volvo’s first auto plant in the United States. Reports say Volvo officials have narrowed its search to Georgia and South Carolina. Landing a large-scale automaker has eluded North Carolina for more than two decades going back to 1993 when Mercedes-Benz picked Alabama over a site near Mebane. In recent years, North Carolina economic developers have tried to lure the North American headquarters of both Toyota and Mercedes-Benz, which went to Texas and Georgia, respectively.
Most other states in the southeast have at least one automobile plant. States compete fiercely for such plants because they bring thousands of jobs and a large network of suppliers. (Source: Read more)
The Political Agitator response: Well reading this article it appears that something is coming to Kingsboro.
Gov. Pat McCrory dropped some strong hints Thursday about why he traveled to the United Kingdom last month for an economic development trip.
While in Rocky Mount promoting historic preservation tax credits, a reporter asked McCrory for an update on the Kingsboro Industrial Site, a 1,200-acre “megasite” there. The property is one of three in North Carolina being marketed for a major automotive plant. Would an automaker fit there, the governor was asked?
“It is perfect for it,” McCrory said. “It’s a very good site, and we’re in ongoing recruitment mode, and I won’t say anything other than that.”
But then he did.
“I don’t travel overseas for nothing, especially sitting in the back of a plane,” he said. “It’s a long flight.” (Source: Read more)
The Political Agitator response: This would be awesome for Edgecombe County. Wow! Sure hope this happens because it would bring about a change for Edgecombe County.
“The Golden LEAF Board took this action to demonstrate its commitment to this emerging opportunity,” Rhyne said. “An automobile manufacturer and its suppliers can create thousands of jobs and serve as a catalyst for long-term economic advancement.”
Recently, officials in Randolph County approved plans to spend $4.2 million for the purchase of 255 acres at a megasite near Liberty. Meanwhile, a 1,818-acre site west of Siler City called the Chatham-Siler City Advanced Manufacturing Site is also vying to attract an automobile manufacturer. The site received state certification in June 2014. It is the largest site in North Carolina with certification.
Carolina Gateway Partnership officials said Edgecombe County’s Kingsboro megasite that spans more than 1,200 acres has been named an ideal location for an automaker. Frank Harrison, chairman and acting president of Carolinas Gateway Partnership, said established outside consultant companies consider the Kingsboro site the top megasite in the state and among one of the best in the Southeast. (Source: Read more)
The Political Agitator response: Auto manufacturer? Wow that would be awesome for this area!
Edgecombe County has built it. Will they come?
Maybe “built” is a slight exaggeration. Edgecombe County has helped develop a 1,200-acre “megasite” at Kingsboro along U.S. 64 between Rocky Mount and Tarboro. The land would be perfect for a large manufacturer, and it’s no secret that economic recruiters have a carmaker on their wish list.
Local and state officials reportedly have been engaged in talks with an automaker that is interested in locating in North Carolina. As Telegram business writer Corey Davis reported last week, the Kingsboro tract is one of three large-scale sites that could be home for such a manufacturer.
There are plenty of other factors that enter such a decision, of course – available labor pool, access to markets, education, proximity to suppliers and economic incentives, to name a few. And there will be plenty of other states and even countries that hope to land such a plum. (Source: Read more)