Australia-Based EPOC Enviro Plans Statesville, North Carolina, U.S. Production Site
The new 260,000-square-foot facility will allow the company to serve and expand its U.S. market.
“After looking at possible sites all over America we are delighted to have settled on North Carolina as the hub for our U.S. business activities,” said Peter Murphy, President of EPOC Enviro. “Statesville is perfectly situated in a beautiful corner of the country, and it is exactly the kind of community we were hoping to become an integral part of.”
The project will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the state’s Economic Investment Committee.
Over the course of the 12-year term of this grant, the project is estimated to grow the state’s economy by $712 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 $1,265,250 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 EPOC chose a site in Iredell County, classified by the state’s economic tier system as Tier 3, the company’s JDIG agreement also calls for moving $421,750 into the state’s Industrial Development Fund – Utility Account. The Utility Account helps rural communities across the state finance necessary infrastructure upgrades to attract future business.
“Global manufacturers like EPOC are attracted to places with a diverse and skilled workforce,” noted N.C. Commerce Secretary Machelle Baker Sanders. “North Carolina not only has the largest manufacturing workforce in the southeastern United States, but it also has a strategic economic development plan that prioritizes our workforce and training systems to help prepare our talent for the jobs of today and tomorrow.”
EPOC Enviro is a subsidiary of OPEC Systems, an Australian firm with three decades of global environmental engineering experience. The company provides a clean and sustainable remediation solution that removes harmful per- and polyfluoroalkyl substances (PFAS) from water, soil, and industrial systems.
Key partners in the project include the North Carolina Department of Commerce, the Economic Development Partnership of North Carolina (EDPNC), the North Carolina General Assembly, the North Carolina Department of Environmental Quality, the North Carolina Community College System, Mitchell Community College, Iredell County, Iredell County Economic Development Corporation, the City of Statesville, and the Charlotte Regional Business Alliance.
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