16 Ağustos 2017 Çarşamba Breaking News                       Latest US News            New York

3 Powerful Products That Will Help You Heal
Energy storage company Alevo announced an expansion Tuesday of its Concord production plant that will add 200 new jobs over five years and more production lines. Alevo said it will invest $251 million in the facility.Cabarrus County commissioners and Concord...

Concord energy storage firm to add 200 jobs, invest $251 million in plant

Energy storage company Alevo announced an expansion Tuesday of its Concord production plant that will add 200 new jobs over five years and more production lines. Alevo said it will invest $251 million in the facility.Cabarrus County commissioners and Concord...

Concord energy storage firm to add 200 jobs, invest $251 million in plant

Energy storage company Alevo announced an expansion Tuesday of its Concord production plant that will add 200 new jobs over five years and more production lines. Alevo said it will invest $251 million in the facility.

Cabarrus County commissioners and Concord City Council have approved performance-based tax incentives totaling about $10.5 million.

The state’s Economic Investment Committee also approved up to $2.6 million in job-development reimbursements. The money will be paid in installments over 12 years if the company meets job creation and investment targets.

“It’s exciting that a global company like Alevo chooses to manufacture its cutting-edge energy storage products right here in North Carolina, in the heart of one of our state’s strongest manufacturing regions,” Gov. Roy Cooper said in a statement. “We need to continue to recruit and train for 21st century jobs like these.”

Alevo opened its Concord manufacturing site, the former Philip Morris cigarette factory, in late 2014 without state or local incentives. It promised 500 jobs within a year, but found the launch slower than expected; by early last year unpaid contractors had filed more than $4 million in liens.

Local officials now say they believe that initial promise can be fulfilled.

“The City Council and I maintain confidence in Alevo’s plans to reclaim Concord’s largest manufacturing site and transform it to a hub of clean energy technology,” Concord Mayor Scott Padgett said. “Alevo is truly a multinational corporation and we are excited for their expansion in Concord as they market their products and services to the world.”

Founded in 2009, Alevo is headquartered in Switzerland. Its GridBank energy-storage system uses large battery arrays to reduce energy waste, lower greenhouse gases and other emissions, create efficiencies and lower costs.

The first GridBank unit was cleared for delivery in Hagerstown, Md., in January.

The company now has 215 employees in Concord and will hire in areas including manufacturing, engineering, maintenance, logistics and supply chain. Salaries for the more than 200 new jobs will average $56,327, compared to the average annual wage in Cabarrus County of $37,808.

Chris Christiansen, president of Alevo USA, said the company will work with the North Carolina Works Career Center and Rowan-Cabarrus Community College to train the new workers it needs.

“We are grateful to have a cutting-edge energy technology company within our community and have fully supported Alevo in its manufacturing expansion plans,” said Robert Carney, executive director of Cabarrus Economic Development. “Their substantial investment and creation of jobs that are above our average county wages will provide tremendous opportunity for Cabarrus County citizens.”

Bruce Henderson: 704-358-5051, @bhender

Our editors found this article on this site using Google and regenerated it for our readers.

Breaking News Headlines

banner30
The Top 4 Things You Should Do If Charged With Driving Under the Influence
The Top 4 Things You Should Do If Charged With Driving Under the Influence
Dog Bites Owner and Woman at Reno Casino
Dog Bites Owner and Woman at Reno Casino
Charlottesville Suspect a Nazi Sympathizer, Known as Pro-Nazi
Charlottesville Suspect a Nazi Sympathizer, Known as Pro-Nazi
Endo Agrees to Set Aside $775M for Vaginal-mesh Lawsuits
Endo Agrees to Set Aside $775M for Vaginal-mesh Lawsuits
How Do The Customers Benefit from Coupons?
How Do The Customers Benefit from Coupons?
Trump's Goal of 15% Corporate Tax Rate Reaches Potential Snag
Trump's Goal of 15% Corporate Tax Rate Reaches Potential Snag
USDA Report Reveals the Trust Cost of Being a Dad
USDA Report Reveals the Trust Cost of Being a Dad
British Zookeeper Killed in “Freak Accident“
British Zookeeper Killed in “Freak Accident“
The most effective method to discover online news with monacart.com
The most effective method to discover online news with monacart.com
What is Google News?
What is Google News?
Is it Worth the 'Likes?' 3 Things Not to Do When Away on Vacation
Is it Worth the 'Likes?' 3 Things Not to Do When Away on Vacation
3 Facilities That Benefit the Most from Standby Power
3 Facilities That Benefit the Most from Standby Power
POLLS Results ALL
Who is the most powerful actor in Syria

banner31
Front Pages
  • The Sun
NEWS ARCHIVES