Tutco Inc. Expands Its Arden, North Carolina, Manufacturing Facility
Area Development Online News Desk (06/25/2013)
A supplier of open coil heating elements, Tutco, Inc., will invest more than $500,000 over the next three years and expand its manufacturing facility in Arden, North Carolina, creating 90 jobs in Buncombe County.
Producing 35,000 to 38,000 heaters a day, the company holds 80 percent of U.S. patents in open coil heating technology. Tutco heating components can be found in commercial applications, including refrigeration, HVAC, appliance, lab equipment and vending.
“Our state’s strong legacy in manufacturing continues to encourage companies like Tutco, Inc. to expand in our great state,” said Gov. Pat McCrory. “We’re proud of our manufacturing heritage and want to reignite that reputation.”
“Tutco’s decision to expand their Buncombe County facility is great news for the region and state,” said Sharon Decker, North Carolina Secretary of Commerce. “Our commitment to spurring economic growth continues to bring new jobs to North Carolina families.”
The project was made possible in part by a performance-based grant from the One North Carolina Fund of up to $98,000. 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, Buncombe County, the City of Asheville and the Economic Development Coalition of Asheville-Buncombe County.