Steel Warehouse Company Plans Hickory, North Carolina, Operations
03/08/2024
“We are excited to put down roots in North Carolina, providing cutting-edge capabilities to support our customers in the region,” said Dave Lerman, Chairman of the Board for Steel Warehouse. “We view this as an attractive place to invest for the long term.”
A performance-based grant of $120,000 from the One North Carolina Fund will help Steel Warehouse of North Carolina LLC establish its new operations. 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.
“To be an industry leader, growing companies need a strong foundation of skilled talent,” noted N.C. Commerce Secretary Machelle Baker Sanders. “Our keen focus on workforce training, as outlined in our strategic economic development plan, will ensure companies like Steel Warehouse can recruit and retain great workers.”
Steel Warehouse is a family-owned premier steel processor & service center with distribution, shipping, and processing capabilities providing slit coil, sheet, plate, and cold-rolling. The company operates 15 locations across the U.S., Mexico, and Brazil.
In addition to the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina (EDPNC), other key partners in the project include the North Carolina Department of Transportation, North Carolina Community College System, North Carolina Railroad Company, Norfolk Southern, Catawba County, Catawba County Economic Development Corporation, Duke Energy, and the City of Hickory.
Project Announcements
PEAK Precision Manufacturing Plans Bowling Green, Kentucky, Operations
07/26/2024
Italy-Based Sipcam Agro USA Upgrades Wayne County, Mississippi, Operations
07/26/2024
Cleveland-Cliffs Plans Weirton, West Virginia, Operations
07/26/2024
IDEXX Laboratories Plans Wilson, North Carolina, Production Operations
07/26/2024
Germany-Based Ritz Instrument Transformers Plans Waynesboro, Georgia, Operations
07/26/2024
AirJoule Plans Newark-Wilmington, Delaware, Operations
07/26/2024
Most Read
-
19th Annual Area Development Gold and Silver Shovel Awards
Q2 2024
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The CHIPS and Science Act will bring jobs back to the United States
Q2 2024
-
The Bring Your Own Energy (BYOE) Party Is Starting
Q2 2024
-
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects
Q3 2023
-
How to Overcome NIMBYism in Data Centers
Q2 2024