Project Radial

Organization:
County of Stanly
Amount:
$361,919.48
Program Area:
Economic Catalyst
County of Applicant:
Stanly
Description:

The purpose of this grant is to assist Michelin Aircraft Tires with purchasing equipment to expand its operations in two separate locations within the County. Michelin plans to add a new product line which will aid in retaining its current 316 workers and will result in the addition of 74 new jobs averaging $42,703 in annual wages. The company will expand into a currently vacant building in New London to be used for warehousing and convert an existing warehouse in Norwood into a manufacturing operation for a new line. Other sites being considered for this project are Spartanburg, South Carolina and Mexico.

Contact:
Mr. Andrew M. Lucas 1000 North First Street Suite 10 Albemarle, North Carolina 28001 (704) 986-3686
Areas Served:
Stanly

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