The importance of partnerships and incentives was underscored this week with the announcement of Acme United Corp.’s decision to build a manufacturing plant on the Edgecombe County side of Rocky Mount.
Acme bought a vacant building on Tanner Road for $2.8 million and plans to spend another $500,000 to renovate and upgrade the buildings and equipment. It plans to hire 90 workers who will make cutting products such as scissors.
The news could hardly come at a better time. The Rocky Mount Metropolitan Statistical Area has the highest unemployment rate in North Carolina. And community leaders have worried that financial issues with the N.C. Rural Economic Development Center could threaten grants that often are a key component in incentive packages used to attract companies to the area.
The city, Edgecombe County commissioners and Carolinas Gateway Partnership worked to secure financial incentives for the plant from the N.C. Department of Commerce, which has taken over much of the grants previously awarded by the Rural Center.
In a statement reported by Telegram business writer John Henderson, Acme commended the efforts to help the company. “These partnerships and collaboration of support were key to the decision to locate and expand in Rocky Mount,” the statement said.
Financial incentives and good recruiting efforts play a big role in the process. Congratulations to community leaders and the Carolinas Gateway Partnership for doing their part in this successful venture.