Trending...
- UK Financial Ltd Audits Full Ethereum Architecture Verifies Corporate Wallets and 19-Token Ecosystem Ahead of CoinMarketCap Filing for Global Ranking
- Milton Collier, CEO & President of Freight Broker 911, Eliminates the #1 Barrier to Entry in Logistics: Announces 100% Free Freight Broker Training
- Buzzblender Announces Launch of Simple Hotel Mode for Android and Upcoming Video Wall Support for Samsung Professional Displays
American Racing Headers & Exhaust, Inc., a leading designer, manufacturer, and distributor of stainless-steel headers and exhaust system components, will locate a new manufacturing facility in Stanly County, Governor Roy Cooper announced today. The company will invest $4.37 million and add 63 new jobs as it relocates its operations to the Charlotte region.
"Manufacturers know they can count on North Carolina's skilled and reliable workers," said Governor Cooper. "Our focus on building a well-trained workforce continues to pay dividends in new jobs and new investments across many industries in our state."
American Racing Headers (ARH) is a well-known and respected manufacturer of high-quality performance exhaust products, particularly for the professional racing industry. The company serves a worldwide customer base but prides itself as a 'Made In The USA' company, one that does not outsource. The company's project in Stanly County will bring a 50,000 square foot or larger facility to the area, combining both manufacturing and corporate office functions at the site.
More on ncarol.com
"We selected Stanly County and the Charlotte area because our company has always held a deep-seated desire to be located in the heart of racing country," said Nick Filippides, Owner/Operator of American Racing Headers. "ARH looks forward to joining and strengthening the fabric of what makes the region so unique to motorsports."
"Motorsports are one of North Carolina's signature industries," said North Carolina Commerce Secretary Machelle Baker Sanders. "Manufacturers serving this industry must meet high standards for precision manufacturing, and North Carolina's workforce training programs are designed to deliver the skilled workers manufacturers like ARH need to succeed."
The company's new jobs will yield an average salary of $52,552, although actual wages will vary by position. The Stanly County average annual wage is $35,420. Once the projects' new jobs are in place, the local region will benefit from a nearly $3.3 million payroll impact in the community, each and every year.
More on ncarol.com
A performance-based grant of $175,000 from the One North Carolina Fund will help facilitate American Racing Headers' expansion in Stanly County. The OneNC Fund provides financial assistance to local governments to help attract economic investment and to create jobs. Companies receive no money upfront and must meet job creation and capital investment targets to qualify for payment. All OneNC grants require a matching grant from local governments and any award is contingent upon that condition being met.
Partnering with the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina on this project were the North Carolina General Assembly, the North Carolina Community College System, the North Carolina Rural Infrastructure Authority, the Town of Stanfield, Stanly County, the Charlotte Regional Business Alliance, and the Stanly County Economic Development Commission.
"Manufacturers know they can count on North Carolina's skilled and reliable workers," said Governor Cooper. "Our focus on building a well-trained workforce continues to pay dividends in new jobs and new investments across many industries in our state."
American Racing Headers (ARH) is a well-known and respected manufacturer of high-quality performance exhaust products, particularly for the professional racing industry. The company serves a worldwide customer base but prides itself as a 'Made In The USA' company, one that does not outsource. The company's project in Stanly County will bring a 50,000 square foot or larger facility to the area, combining both manufacturing and corporate office functions at the site.
More on ncarol.com
- Exclusive Red-Carpet Screening of High-Stakes Indie Thriller "Queen City: The Hornet's Nest" Coming to North Carolina on June 20th
- Neuro Recovery Institute Showcases Emerging Immersive Neuro-Rehabilitation Technology at Clinical Innovation Open House
- Community, Conservation & Waterwise Inspiration Bloom on June 6
- Industrial and systems engineers celebrate key leaders in the field at IISE Annual Conference
- Cosanostra Miami Rises as the Best Latin Nightclub in Miami in Under Two Years From its Opening
"We selected Stanly County and the Charlotte area because our company has always held a deep-seated desire to be located in the heart of racing country," said Nick Filippides, Owner/Operator of American Racing Headers. "ARH looks forward to joining and strengthening the fabric of what makes the region so unique to motorsports."
"Motorsports are one of North Carolina's signature industries," said North Carolina Commerce Secretary Machelle Baker Sanders. "Manufacturers serving this industry must meet high standards for precision manufacturing, and North Carolina's workforce training programs are designed to deliver the skilled workers manufacturers like ARH need to succeed."
The company's new jobs will yield an average salary of $52,552, although actual wages will vary by position. The Stanly County average annual wage is $35,420. Once the projects' new jobs are in place, the local region will benefit from a nearly $3.3 million payroll impact in the community, each and every year.
More on ncarol.com
- CCHR Leader's 50-Year Fight for Psychiatric Drug Victims Gains National Momentum
- Author Releases 7-Day Screen Time Reset for Families as Teachers Worldwide Report Children "Struggling to Grasp Basic Concepts"
- Men's Health Month Begins with Record Proclamations, AP News Coverage, & National Momentum for Men's Health
- AdvisorVault Adds Social Media Archiving to its Consolidated D3P Service
- UK Financial Ltd Audits Full Ethereum Architecture Verifies Corporate Wallets and 19-Token Ecosystem Ahead of CoinMarketCap Filing for Global Ranking
A performance-based grant of $175,000 from the One North Carolina Fund will help facilitate American Racing Headers' expansion in Stanly County. The OneNC Fund provides financial assistance to local governments to help attract economic investment and to create jobs. Companies receive no money upfront and must meet job creation and capital investment targets to qualify for payment. All OneNC grants require a matching grant from local governments and any award is contingent upon that condition being met.
Partnering with the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina on this project were the North Carolina General Assembly, the North Carolina Community College System, the North Carolina Rural Infrastructure Authority, the Town of Stanfield, Stanly County, the Charlotte Regional Business Alliance, and the Stanly County Economic Development Commission.
0 Comments
Latest on ncarol.com
- Kryptokasinot.io Raises Concerns Over Proposed Cryptocurrency Restrictions in Finland's Gambling Reform
- New Home of the Month: Spacious Luxury Meets Modern Design in The Bristol at Heritage at Manalapan
- The Calida Group Announces Sale of Ely at Fort Apache for $57.5 Million
- Bat Cave Flooding Reopens Hurricane Helene Trauma
- Summer Festivals in Gunma Prefecture: Song, Dance, and Vibrant Color – Get There Via Tobu Railway!
- Jetperch Introduces Joulescope JS320 Precision Energy Analyzer for Low-Power Embedded System Development
- AI-Powered Trading Bots Are Transforming Forex, Gold, and Digital Markets as DefiHash Expands Intelligent Quantitative Infrastructure
- Early Bird Registration Open for FLYING HY, the Top Hydrogen and Battery Electric Aviation Event
- Century Fasteners Corp. Hires Tony Marano as Director of Human Resources
- New from Regal House Publishing, Delivery, a spiraling odyssey of identity crisis
- Accelerating Toward Commercialization as FDA Momentum, AI Neurotherapy & Manufacturing Expansion Drive Multi-Catalyst Growth Story; N A S D A Q: NRXP
- New Wisconsin Report Shows Most Plane Crashes Happen Outside Major Hubs
- A Groundbreaking New Book Challenging the Role of Social Media in Small Business Marketing
- 50 Million Years of Leadership Wisdom, Now in a Field Guide
- Book Florida Keys Accommodations Early with KeysCaribbean and Save 15 Percent
- Color Card Administrator Highlights Growing Enterprise Demand for Workflow Orchestration in Enterprise Business Card Governance
- Tennessee Laws Lead with Psychotropic Drug Testing in Mass Shooting Cases and Comprehensive Reporting: CCHR Urges Nationwide Adoption
- Curious About Mensa? DFW Event Offers a 1-Day Immersion
- Underground but Unforgettable — Ms. Salena's Growing Buzz Continues with New Releases
- TOLI North America's iNStride Versa Combines Safety, Durability, and Design for Commercial Kitchen