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Area Development - Site Selection, Facility Planning and Workforce Development

Prolec-GE Waukesha Expands Goldsboro, North Carolina, Manufacturing Operations

05/19/2025
Power transformers manufacturer Prolec-GE Waukesha, Inc. plans to expand its operations in Goldsboro, North Carolina. The $140 million project is expected to create 330 jobs.

The investment will include the construction of a new manufacturing facility at the company’s existing site which will double the company’s current production volume of medium power transformers.

“It is essential for government, industry, and community leaders to collaborate early and frequently to drive growth in the manufacturing sector,” said Juan Ignacio Garza Herrera, Xignux CEO and Prolec GE Chairman. “This $140M investment reflects our long-term commitment to creating sustainable value for North America’s energy market and our pride in energizing life and society to contribute to a better world. Our collaboration with the state of North Carolina, Wayne County, and our joint venture partner, GE Vernova, will be instrumental in helping us turn this commitment into something tangible that will benefit our customers and all those that rely on the country’s power grid.”

The project will be supported, in part, by a Job Development Investment Grant (JDIG) approved by the state’s Economic Investment Committee earlier today. Over the course of the 12-year term of this grant, the project is estimated to grow the state’s economy by $1.05 billion. Using a formula that takes into account the new tax revenues generated by the new jobs and capital investment, the JDIG agreement authorizes the potential reimbursement to the company of up to $4,696,000, 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 106 percent, meaning for every dollar of potential cost to the state, the state receives $2.06 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.

“It’s not a coincidence that another energy company is deepening its roots in North Carolina,” noted Commerce Secretary Lee Lilley. “Prolec GE’s expansion is a vote of confidence in our workforce training efforts, infrastructure improvements, and recruitment tools that are attracting growing companies to every corner of the state.”

In addition to the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina (EDPNC), other partners in the project include the North Carolina General Assembly, the North Carolina Community College System, Wayne Community College, North Carolina Global TransPark Economic Development Region, Wayne County, Wayne County Development Alliance, North Carolina’s Southeast, and Duke Energy.

Prolec GE Waukesha is a subsidiary of GE Prolec Transformers, Inc., a U.S. joint venture between Xignux and GE Vernova. The company engineers, manufactures, installs, and services power transformers for investor-owned utilities, co-ops, municipalities, renewable project developers, data centers and other industrial sites.

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