Shurtape Technologies Expands Operations in Catawba County, North Carolina
12/21/2018
The new facility in Catawba County will provide expanded distribution and manufacturing capabilities for the growing company. The site will service customers in the Southeastern region of the United States.
“When our growth plans called for additional manufacturing and distribution space in the Southeast, Shurtape evaluated several potential locations,” said Stephen Shuford, CEO, Shurtape Industrial Group. “The Catawba site offered the most compelling overall combination of skilled workers, access to key shipping lanes and a supportive business climate. We are excited about continuing our legacy of investment in the NC foothills region.”
The North Carolina Department of Commerce and the Economic Development Partnership of N.C. led the state’s support for the company’s expansion. Shurtape will add a variety of positions with this expansion, including logistics and manufacturing.
“Shurtape started in North Carolina and has grown to be a global leader in its industry,” said North Carolina Commerce Secretary Anthony M. Copeland. “Today’s announcement is good news for the company’s growth, its future employees, Catawba County and the future of North Carolina manufacturing.”
Shurtape’s expansion in Catawba County will be facilitated, 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 will grow the state’s economy by an estimated $199 million. Using a formula that takes into account the new tax revenues generated by the new jobs, the JDIG agreement authorizes the potential reimbursement to the company of up to $594,900, 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. 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.
Because Shurtape chose to locate in Catawba County, classified by the state’s economic tier system as Tier 2, the company’s JDIG agreement also calls for moving as much as $66,100 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 Catawba, the new tax revenue generated through JDIG grants helps more economically challenged communities elsewhere in the state.
Partnering with the North Carolina Department of Commerce and the EDPNC on this project were the North Carolina General Assembly, the North Carolina Community College System, Catawba County, the Town of Catawba and the Catawba County Economic Development Corporation.
Project Announcements
Kimberly-Clark Expands Aiken County, South Carolina, Distribution Operations
05/04/2025
Aerowerks Plans Gaffney, South Carolina, Manufacturing Operations
05/04/2025
Sweden-Based Troax Group Plans Portland, Tennessee, Manufacturing Operations
05/04/2025
Kimberly-Clark Corporation Plans Warren, Ohio, Manufacturing Operations
05/04/2025
Denmark-Based Novonesis Expands Salem, Virginia, Production Operations
05/04/2025
Polyvlies USA Expands Winston-Salem, North Carolina, Manufacturing Operations
05/04/2025
Most Read
-
Run a Job Task Analysis
Q4 2024
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
The Location Economics of Advanced Nuclear
Q1 2025
-
Why Workforce Readiness Can’t Wait
Q1 2025
-
Power, Policy, and Site Selection in 2025
Q1 2025
-
Is It Time to Start Planning for Quantum Data Centers?
Q1 2025
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024