Project Pegasus

Organization:
Catawba Valley Community College
Amount:
$249,787.72
Program Area:
Economic Catalyst
County of Applicant:
Catawba
Description:

The purpose of this grant is to provide funding to Catawba Valley Community College (CVCC) to assist GKN Sinter Metals with workforce training needed to facilitate growth at its Conover facility. The expansion is expected to result in the creation of 76 new jobs by the end of 2019 paying $43,800/year plus benefits including 50% of the cost of employee-only health insurance. The company expects to make capital improvements of over $29 million to its Conover location where it currently employs 74 workers. The existing positions were at risk if the expansion had taken place at another of GKN’s facilities. Golden LEAF funds will be used to purchase equipment for CVCC that will be used to train individuals for work at the company and at other businesses in the area.

Contact:
Ms. Crystal L Glenn 2550 US Hwy 70 SE HIckory, North Carolina 28602 828-327-7000
Areas Served:
Catawba

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