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Area Development - Site Selection, Facility Planning and Workforce Development

Ralliant Corporation Plans Raleigh, North Carolina, Global Headquarters

03/16/2025
Ralliant Corporation, a company providing precision technologies for a range of industry sectors, plans to establish headquarters operations in Raleigh, North Carolina. The $2.1 million project is expected to create 180 jobs.

“Raleigh is an ideal location with its strong high-tech research presence, top universities, skilled workforce, and proximity to our operating companies,” said Tami Newcombe, President and Chief Executive Officer of Ralliant. “We are excited to build our future here—driving breakthroughs, empowering progress, and shaping what’s next.”

The project will be supported, in part, by a Job Development Investment Grant (JDIG) 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 more than $975 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 $2,630,250, spread over 12 years. State payments only occur following performance verification by the departments of Commerce and Revenue that the company has met its incremental job creation and investment targets.

The project's projected return on investment of public dollars is 195 percent, meaning for every dollar of potential cost, the state receives $2.95 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.

"Ralliant’s decision to establish its headquarters in Raleigh reflects the city’s dynamic economy, highly skilled talent pool, and outstanding quality of life," noted Commerce Secretary Lee Lilley. "Our state’s strengths in data analytics and IT product development, along with our world-class universities and research institutions, provide the deep pool of talent companies need to succeed."

Because Ralliant chose to expand in Wake County, classified by the state’s economic tier system as Tier 3, the company’s JDIG agreement also calls for moving $876,750 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 3 county such as Wake, the new tax revenue generated through JDIG grants helps more economically challenged communities elsewhere in the state.

“It shows we can provide a vast array of talent — everything from finance to marketing to sales to legal,” added Director of Raleigh Economic Development Kyle Touchstone One key driver for them was the amount of tech talent here, but also the availability of quality talent through the existing pipeline, through our universities, [and] our ability to attract talent.”

Partnering with the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina (EDPNC) on the project were the North Carolina General Assembly, the North Carolina Community College System, N.C. Commerce’s Division of Workforce Solutions, Capital Area Workforce Development, Wake Technical Community College, N.C. State University, Wake County, the City of Raleigh, and Raleigh Economic Development and Wake County Economic Development, programs of the Greater Raleigh Chamber of Commerce.

Ralliant Corporation provides precision technologies that drive next-generation innovation and safeguard mission-critical applications across test and measurement, specialty sensors, and aerospace, defense, and space subsystems.

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