EG-GILERO, a medical device manufacturer, plans to invest more than $4 million and create 60 jobs in Pittsboro, North Carolina. The project will be its third production center in the Tar Heel State.
Founded in 2002, EG-GILERO designs, develops and manufactures products for the medical device and drug delivery device markets. According to the Chatham County Economic Development Corporation, EG-GILERO will take over a 40,000-square-foot industrial space in downtown Pittsboro to accommodate production and workspace for employees.
“We are very excited to be expanding our manufacturing footprint and to be calling downtown Pittsboro our new neighborhood,” said Ted Mosler, President & Chief Technology Officer of EG-GILERO.
“Pittsboro and Chatham County residents and staff have been very welcoming to us and we look forward to being a good neighbor for years to come. For EG-GILERO and our customers, Pittsboro is a hidden gem; but with the expected growth in the area, many others will come to realize the charm and benefits Pittsboro has to offer, as we have,” he said.
EG-GILERO’s expansion to Chatham County will be facilitated, in part, by an economic development incentive agreement approved at the March 18, 2019 meeting of the Chatham County Board of Commissioners. The five-year agreement takes into account new tax revenue generated by both real and personal property improvements and authorizes potential grant awards based on a proportion of the property tax. The grant payments occur only when the company has verified meeting its targets for investment and job creation.
“By expanding to Chatham County, EG-GILERO can take advantage of strong talent, educational resources, and other competitive benefits the Research Triangle region offers life science companies,” said Alyssa Byrd, President of Chatham Economic Development Corporation. “They found a unique opportunity in Pittsboro, and we look forward to continuing to work with them as they establish their new facility.”
“We’re thrilled that EG-GILERO has chosen Chatham County for its planned expansion, and particularly that they’ve chosen an existing under-utilized facility in downtown Pittsboro,” said Chatham County Commissioner Mike Dasher. “This project aligns perfectly with Plan Chatham, the county’s long-range comprehensive plan, which directs more growth and economic development within our municipalities. The Board is so appreciative of Alyssa and the EDC’s work in attracting EG-GILERO to Chatham County.”
“EG-GILERO is bringing new jobs and opportunities for our residents, and reviving an underused property in the downtown corridor. This is a good economic development opportunity that strengthens our town,” said Pittsboro Mayor Cindy Perry.