Corning Optical Communications Invests $38.7 Million In Mecklenburg County, North Carolina, Headquarters
One of five business segments of Corning Incorporated, Corning Optical Communications employs more than 3,000 people across five locations in North Carolina, including two of the world’s largest optical fiber manufacturing facilities in Concord and Wilmington, and two of the world’s largest optical fiber cable manufacturing facilities in Hickory and Winston-Salem.
“Corning's plan to locate the global headquarters for our Optical Communications business in Mecklenburg County builds on our over 40-year relationship with North Carolina,” said Clark Kinlin, Executive Vice President, Corning Optical Communications. “This decision is further evidence of our confidence in our growing $2.7 billion business, and that North Carolina is a world-class location for a technology company.”
Corning Optical Communication’s expansion in Mecklenburg County will be facilitated in part by an award to the company from the state’s Job Development Investment Grant (JDIG) program that was approved by the state’s Economic Investment Committee today. Under the terms of the JDIG, the company is eligible to receive up to $2.35 million in total reimbursements. Payments will occur in annual installments over 12 years pending verification by NC Commerce and NC Revenue that the company has met incremental job creation and investment targets.
“Corning is a global leader whose name has been prominent in North Carolina’s business community for many years,” said Governor Pat McCrory. “Today’s announcement builds on the solid foundation this innovative company has in our state, and I am proud we emerged as the top choice for this important headquarters and the new jobs that come with it.”
“Corning is a company that makes things that are ingrained in how we live and work, and their choice of North Carolina for continued job growth says all the right things about the quality of our people and our business climate,” said North Carolina Commerce Secretary John E. Skvarla, III. “Corning is an integral part of North Carolina and we worked to keep it that way. This decision also positions the company to readily expand its operations in its other four locations in the state.”
Joining NC Commerce and EDPNC in helping facilitate Corning Optical Communications’ expansion is the North Carolina General Assembly, the North Carolina Community College System, Mecklenburg County, the City of Charlotte, the Charlotte Regional Partnership, and the Charlotte Chamber of Commerce.
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