Telephonics Corporation, a communication system company, will invest $5.5 million in a new facility located in Elizabeth City with plans to create 75 jobs as it expands its operations in Pasquotank County, North Carolina.
Telephonics designs and manufactures sophisticated radar and communications systems for the military and aviation industry. Starting with audio headset manufacturing in 1933, the company expanded its reach into innovative systems that are world-renowned for high-tech surveillance, communications, tracking and radar for aircrafts and ground vehicles.
The company has been operating at the Elizabeth City Regional Airport since 2010, but will expand into 25,000SF of space in north Elizabeth City to assemble, test and repair Telephonics products.
“North Carolina has the largest manufacturing workforce in the southeastern United States,” said North Carolina Commerce Secretary Anthony M. Copeland. “I am pleased that our business climate and educational resources made Pasquotank County an easy choice for Telephonics Corporation’s expansion.”
“North Carolina has the second largest aerospace cluster in the U.S.,” said Governor Roy Cooper. “Telephonics Corporation can see Pasquotank County’s growing infrastructure and main street development, along with a strong workforce to fuel their expansion in Elizabeth City.”
The North Carolina Department of Commerce and the Economic Development Partnership of N.C. were instrumental in supporting the company’s decision to expand in Pasquotank County.
A performance-based grant of $250,000 from the One North Carolina Fund will help facilitate Telephonic’s new operation in Pasquotank County. The One NC Fund provides financial assistance to local governments to help attract economic investment and to create jobs. Companies receive no money upfront and must meet job creation and capital investment targets to qualify for payment. All One NC grants require a matching grant from local governments and any award is contingent upon that condition being met.
In addition to North Carolina Department of Commerce and the Economic Development Partnership of North Carolina, other key partners in the project include the College of the Albemarle, Elizabeth City State University, Pasquotank County, Elizabeth City-Pasquotank County Economic Development Commission, NC East Alliance, Electricities of North Carolina and City of Elizabeth City.