Consultants Forum Advertise
Subscribe
Close

  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Subscribe Now
Renew

Area Development - Site Selection, Facility Planning and Workforce Development

Phase Change Solutions Expands Greensboro, North Carolina, Operations

05/21/2023
Phase Change Solutions, a manufacturer of products for temperature management, plans to establish its U.S. headquarters and manufacturing operation in Greensboro, North Carolina. The more than $3.5 million project is expected to create 35 jobs.

The company will relocate to 813 Winston Street and expand its production capacity while consolidating its R&D, warehouse, and headquarters operations.

“Our new location in Greensboro will be an extension of our evolution to be a world class advanced materials company,” said Govi Rao, CEO of Phase Change Solutions. “We are very excited to partner with the State of North Carolina that has a rich heritage of deep technology combined with access to the best talent in the country and commitment to enable the transition to a circular and a decarbonized economy that works for all.”

The project is being supported by a performance-based grant of $75,000 from the One North Carolina Fund. The One NC Fund provides financial assistance to local governments to help attract economic investment and 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 matching participation from local governments and any award is contingent upon that condition being met.

“Advanced manufacturers want to operate where they are afforded a diverse workforce and resources to support their growth,” noted N.C. Commerce Secretary Machelle Baker Sanders. “North Carolina has the skilled talent and research infrastructure that will help foster a strong ecosystem for PCS to further its leadership in clean energy and advanced materials.”

Phase Change Solutions manufactures advanced materials for temperature management for various industries. From construction to pharmaceuticals, the company offers energy efficient solutions with the use of innovative technology to analyze energy necessities and consumption for unique applications.

In addition to the North Carolina Department of Commerce and Economic Development Partnership of North Carolina (EDPNC), other key partners in this project include the North Carolina General Assembly, Rural Infrastructure Authority, North Carolina Community College System, Guilford Tech Community College, Guilford County, Guilford County Economic Development Alliance, GuilfordWorks, Greensboro Chamber of Commerce, and City of Greensboro.

Share

Exclusive Research