Consultants Forum Advertise
Subscribe
Area Development Magazine Current Issue

  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Subscribe Now
Renew

Area Development

Baldor Electric Expanding, Adding Jobs in North Carolina

07/01/2009
Baldor Electric, a manufacturer of industrial electric motors and mechanical power transmission products, will invest at least $4.8 million to expand its operations in Weaverville, North Carolina, according to the North Carolina governor's office. The company plans to add 32 new jobs at an average annual salary of $42,209. "We are proud to be part of the Weaverville community, and we look forward to many more years together," says Bill Ramsbey, Baldor's vice president of operations. Arkansas-headquartered Baldor operates 26 manufacturing facilities in the United States, Canada, England, Mexico, and China; the company is consolidating an Indiana operation and moving it to the Weaverville plant. The state has provided Baldor Electric with a $64,000 grant, contingent on job creation; the funds will be matched by local governments.

Podcast

Apple Podcasts Spotify

Magazine

Past Issues
Area Development Magazine Q1 2026
Q1 2026

Receive quarterly issues of Area Development Magazine at no charge for qualified executives and consultants to industry.

Exclusive Research