Project Radial

Organization:

County of Stanly

Amount:

$361,919.48

Program Area:

Economic Catalyst Program

County of Applicant:

Stanly

Year:

2010

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. Lucas201 South Second StreetAlbemarle, North Carolina 28001(704) 986-3601

Areas Served:

Stanly

Any project more than a couple of years old may not reflect current Board priorities.
Please contact a staff member with any questions.