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Area Development - Site Selection, Facility Planning and Workforce Development

Hoffman & Hoffman Expands Greensboro, North Carolina, Headquarters Operations

12/24/2025
Hoffman & Hoffman, Inc., a supplier of commercial HVAC systems and plans to expand its operations in Greensboro, North Carolina. The $40 million project is expected to create 131 jobs in Guilford County.

The investment will include the purchase of 31.5 acres of land, including a 100,000-square-foot building and a 170,000-square-foot warehouse, which will serve as the company’s expanded corporate headquarters.

“The Hoffman family of companies continues to grow because our employee-owners never lose sight of the people we serve,” said Jim Bingham, CEO of Hoffman & Hoffman, Inc. “When we put our customers at the center of every decision, success follows.”

The project is being supported, in part, by a Job Development Investment Grant (JDIG) that was approved by the state’s Economic Investment Committee. Over the course of the 12-year term of this grant, the project is estimated to grow the state’s economy by $487 million. Using a formula that takes into account the new tax revenues generated by the new jobs and the capital investment, the JDIG agreement authorizes the potential reimbursement to the company of up to $1,110,600, spread over 12 years. State payments occur only following performance verification by the departments of Commerce and Revenue that the company has met its incremental job creation and investment targets.

“I’m excited to welcome Hoffman & Hoffman’s continued investment in the Triad,” noted North Carolina Commerce Secretary Lee Lilley. “Manufacturers like this need a strong and stable business climate to be successful, and we’re committed to providing the partnerships that support this company’s next phase of growth."

While wages vary by position, the annual average salary for the new positions is expected to be $72,176. The average wage in Guilford County is $60,195. These new jobs could create an annual payroll impact of more than $9.4 million for the region.

The project’s projected return on investment of public dollars is 129 percent, meaning for every dollar of potential cost to the state, the state receives $2.29 in state revenue. JDIG projects result in positive net tax revenue to the state treasury, even after taking into consideration the grant’s reimbursement payments to a given company.

"This announcement is a strong vote of confidence in North Carolina," added Christopher Chung, CEO of the Economic Development Partnership of North Carolina. "Hoffman & Hoffman has deep roots in Greensboro, and its decision to continue growing speaks to the strength of the local workforce and the relationships the company has built over time."

Because Hoffman & Hoffman chose to expand in Guilford County, classified by the state’s economic tier system as Tier 2, the company’s JDIG agreement also calls for moving $123,400 into the state’s Industrial Development Fund – Utility Account. The Utility Account helps rural communities finance necessary infrastructure upgrades to attract future business. Even when new jobs are created in a Tier 2 county such as Henderson, the new tax revenue generated through JDIG grants helps more economically challenged communities elsewhere in the state.

“Hoffman & Hoffman's decision to expand in Greensboro reinforces the strength of our business community,” said Sherri Thomas, Chair of the Greensboro Chamber of Commerce. “This investment reflects a strong partnership between business and community and will bring lasting opportunities for our residents.

In addition to the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina, other key partners in the project include the North Carolina General Assembly, N.C. Commerce’s divisions of Workforce Solutions and Rural Economic Development, the North Carolina Community College System, Guilford Tech Community College, Duke Energy, the Guilford County Economic Development Alliance, Guilford County, GuilfordWorks, the Greensboro Chamber, and the City of Greensboro.

Hoffman & Hoffman (H&H), along with its subsidiaries, serves the HVAC and building automation industries with comprehensive building management systems. The company provides commercial and industrial HVAC and filtration systems, building controls technology, commercial hydronic systems, and aftermarket services.

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