Ingersoll Rand, a diversified industrial company, will invest $22 million on expansion of its operations in Mocksville, Davie County, North Carolina, with plans to create 60 jobs.
Gov. Bev Perdue noted the project was made possible in part by a $50,000 grant from the One North Carolina Fund. "Our highly skilled workforce is vital to attracting advanced manufacturers like Ingersoll Rand," said Perdue. "Investing in education and customized job training programs will maintain our state's top notch business climate."
The expansion will allow the Mocksville facility, located on Sanford Avenue, to become the primary supplier of certain precision-machined components used by Ingersoll Rand's Industrial Technologies Sector, which makes air compressors, fluid pumps, material handling systems, tools and Club Car vehicles. Ingersoll Rand currently employs more than 2,300 employees in Davie, Moore, Guilford and Mecklenburg counties.
"We are proud of our employees in Davie County and look forward to the possibilities this extension brings," said Phil Wekenmann, operations manager at the Mocksville facility. "Through One NC Fund, North Carolina continues to prove itself to be a pro-business state, and it makes working here exciting."
North Carolina Department of Commerce officials 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.
"Ingersoll Rand's terrific news is the result of North Carolina making the right decisions," said Rep. Julia Howard, of Mocksville. "We have invested in education, transportation and the infrastructure that draws businesses to our state and helps those that are already here to grow."