Consultants Forum    |   FacilityLocations    |   FastFacility    |   Advertise    |   Subscribe    |   Newsletter    |   RSSRSS

Cape Fear Arsenal Inc. Invests $15.2 Million In Lumberton, North Carolina Ammunition Production Plant

Area Development Online News Desk (05/16/2013)
Ammunition manufacturer, Cape Fear Arsenal Inc., will invest $15.2 million to locate a production facility in Lumberton, North Carolina, with plans to create 150 jobs in Robeson County.

Cape Fear Arsenal is a privately-held corporation focusing on providing high quality ammunition products in the Southeast U.S. Its products will be primarily sold to law enforcement. The company also anticipates bidding on contracts for the military and state agencies.

“CFA is very appreciative of this opportunity to partner with the state of North Carolina and Robeson County, as we look to do something positive in this industry,” said CEO David Hargitt. “Without the state and local government’s outstanding support, CFA’s ability to provide these opportunities in Lumberton would not have been possible. CFA will apply innovative manufacturing technology and the highly competent Robeson County workforce to produce various calibers of pistol ammunition for an already stressed and lacking ammunition market.”

Our state has a strong manufacturing legacy,” said Gov. Pat McCrory. “This new facility advances that legacy with an innovative process that will result in much-needed, well-paying jobs for workers in Robeson County.”

“Cape Fear Arsenal’s decision to locate this facility in Robeson County is a big win for the region and state,” said Sharon Decker, North Carolina Secretary of Commerce. “Our commitment to spurring economic growth continues to bring good-paying, high-skilled jobs for North Carolina families.”

The project was made possible in part by a performance-based grant from the One North Carolina Fund of up to $490,000, the Governor’s Office said. The One NC Fund provides financial assistance, through local governments, to attract business projects that will stimulate economic activity and create new jobs in the state. Companies receive no money up front and must meet job creation and investment performance standards to qualify for grant funds. These grants also require and are contingent upon local matches.

Other partners that helped with this project include: the N.C. Department of Commerce, N.C. Community Colleges, Robeson County, City of Lumberton, Robeson County Economic Development Commission and the Robeson County Committee of 100.

Article Discussion
News Items
Around The Web
Studies/Research
News Items
Around The Web
Studies/Research

Share