Manufacturing

Steel fabricator considering Fayetteville for $22 million expansion

By Staff Report, posted 2 months ago
Image courtesy of FCEDC

On Monday, Sept. 22, Council heard a request from FCEDC President & CEO Robert Van Geons to consider providing a $327,487 incentive grant from the City, to be paid in annual installments over five years for Project Superman. 

The proposal is for the expansion of an existing Fayetteville company that manufactures steel and currently employs 58 individuals. Virginia and South Carolina are also competing for the company’s interest. 

The proposed project would be built on an undeveloped 75 acre tract on Shaw Mill Road. The expanded business would add an additional 42 full time employees with an average salary exceeding $66,700. The project in total represents a $22M investment in new buildings and equipment.

Council approved the 5-year grant in keeping with the City's adopted incentive policy. The item passed unanimously.

The project will go to a public hearing at the county on Oct. 6.

Ico insights

INSIGHTS

SPONSORS' CONTENT
cape-fear-valley-blood-donor-center emily-deyoung headshott

A season of giving: The urgent need for blood in Fayetteville

Emily DeYoung - Practice Administrator, Cape Fear Valley Blood Donor Center
north-carolina-military-business-center tj-gilroy headshott

North Carolina Holds a Home-Field Advantage in the Innovation Game

TJ Gilroy - Business Development Professional, North Carolina Military Business Center
fayetteville-state-university monica-garcia-perez-phd headshott

Incorporating academic readings in economics classrooms: A collaborative research initiative

Mónica García-Pérez, Ph.D. - Distinguished Professor of Economics, Fayetteville State University

In The Current Issue

Hemp hemp hurray: Local farmer and business man seeks to educate the broader community about the many uses for hemp

Keith Dunn began farming hemp in 2017. A few weeks later he founded East Carolina Hemp Supply. After years of slow but steady growth, Dunn hopes to one day be able to build a hemp processing plant in North Carolina to boost the industry and local eco


Australian manufacturer to launch North American operations in Bladen County, investing more than $6M in Elizabethtown

Photo provided by Bladen County Economic DevelopmentVectorTex USA, LLC, a product developer and technology company, will create 44 new jobs in Bladen County. The company will establish its first North American manufacturing facility in Elizabethtown.