Qorvo, Inc. To Open Manufacturing Plant In Guilford County, North Carolina
According to North Carolina Department of Commerce officials, Qorvo’s expanded operations will help accelerate the development of the company’s semiconductor products and solutions and enhance its industry leadership.
“We appreciate the outstanding support provided by the State of North Carolina as Qorvo builds on its technology and product leadership to serve our many global customers,” said Qorvo President/CEO Bob Bruggeworth. “North Carolina offers an excellent economic climate for growth and innovation as we continue to expand here and in our other locations.”
Qorvo’s expansion in North Carolina was made possible in part by a performance-based grant of up to $500,000 from the One North Carolina Fund. The One NC Fund provides financial assistance in support of local governments in creating jobs and attracting economic investment. Companies receive no money upfront and must meet job creation and capital investment targets to qualify for grant funds. All One NC grants require a local government match.
In addition to North Carolina Commerce and EDPNC, other key partners in the project include the City of Greensboro, Greensboro Partnership, High Point Economic Development Corporation, Guilford County, Guilford County Workforce Development Board, Guilford Tech Community College, NC A&T University, UNC Greensboro, Duke Energy and Piedmont Natural Gas.
“North Carolina is a global hub for innovation and the ideal home for Qorvo’s expanding operations in Guilford County,” said Governor McCrory.“We welcome the company’s decision to expand its footprint right here with us.”
“Qorvo’s choice of Greensboro for this expansion showcases the exceptional technology talent companies find in our state,” said N.C. Commerce Secretary John E. Skvarla, III. “It makes good business sense that we recognize our existing industries, especially those with deep entrepreneurial roots right here in North Carolina.”
Why are Foreign Trade Zones Making a Comeback?
The New Normal in the Automotive Supply Chain
2020 Auto/Aero Site Guide
34th Annual Corporate Survey & the 16th Annual Consultants Survey
Infrastructure Investment as an Economic Stimulus Tool
2019 Top States for Doing Business: Georgia Ranks #1 Sixth Year in a Row
Nondisclosure Agreements Best Practices When Negotiating Incentives