A company in Tarboro plans to hire 29 new employees as part of a $2.2 million plant expansion.
To accommodate the expansion, Nash Building Systems Inc. will be moving from its current plant at 1600 Cedar St. to 1801 Anaconda Road.
The new home will be in a building that was formerly Saving Source Direct and has been vacant since Cox Enterprises sold the coupon house in 2009.
A state grant is helping fund the expansion of Nash Building Systems Inc., a manufacturer of metal roofing, metal building components and pre-engineered steel buildings. The performance-based grant of up to $100,000 is coming from the One North Carolina Fund.
The grant is contingent upon proof of job creation and receipt of a local funding match.
“Companies know our state has the highly skilled workforce needed to compete in a global economy,” said Gov. Pat McCrory in a press release about the plant expansion. “It’s always encouraging when homegrown companies choose to reinvest here in North Carolina.”
Nashco Inc. got its start erecting steel buildings more than 25 years ago.
After the construction market slowed in 2008, Nashco started looking into manufacturing metal building components. Nash Building Systems, incorporated in 2013, currently employs more than 10 people at its Tarboro facility.
“The N.C. Department of Commerce is committed to working with manufacturers to help them create new jobs and compete in a global economy,” N.C. Secretary of Commerce Sharon Decker said in the press release. “We congratulate Nash Building Systems for investing in North Carolina once again.”
Salaries will vary by job function, but the average annual wages for the new jobs will be $37,286, plus benefits, the press release states. The average annual wage in Edgecombe County is $34,660.
“Our business continues to grow even in these tough economic times,” said Brent Nash Jr., president of Nash Building Systems Inc. “The strong agricultural community and our product mix has helped fuel that growth. The market for growing businesses is very competitive.”
He said the One North Carolina Fund grant was a selling point for him to keep his business here instead of moving it to another state.
“We look forward to continued success in Tarboro where we enjoy real business opportunity as well as a community focused on family,” he said.
The One North Carolina Fund provides financial assistance, through local governments, to attract business projects that will stimulate economic activity and create new jobs in the state.
John Gessaman, the CEO of the Carolinas Gateway Partnership, said Wednesday that this is only one of several grants the company is getting for the expansion, including one from the partnership.
He said the company is obligated to pay at least half of the cost of the plant expansion.
“We are very excited to see this expansion occur in Tarboro to occupy and reuse an existing building,” he said.