Columbus McKinnon Corporation Expands Wadesboro, North Carolina, Operations
The company plans to invest $5.4 million in its Anson County facilities, enabling the introduction of its STAHL line of crane products into the North American market.
Last year, the company completed its acquisition of STAHL CraneSystems, a well-known brand of hoists and crane components based in Germany. The Anson County expansion will position the company to manufacturer STAHL products in North Carolina, introducing the line directly into the North American market.
A performance-based grant of $60,000 from the One North Carolina Fund will help facilitate Columbus McKinnon’s expansion in Anson County. The One NC Fund provides financial assistance to local governments to help attract economic investment and to 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 a matching grant from local governments and any award is contingent upon that condition being met.
“North Carolina leads the Southeast in manufacturing, and companies like Columbus McKinnon understand why, as they have first-hand knowledge of the advantages we offer as a business location,” said Commerce Secretary Anthony M. Copeland. N.C. Commerce and the Economic Development Partnership of N.C. were instrumental in supporting the company’s expansion decision.
“Columbus McKinnon is a global company which can make its products anywhere in the world,” said Governor Roy Cooper. “The company’s decision to expand in North Carolina proves that our state can compete with the best locations available, and offers global manufacturers everything they need to be successful.”
“Many people and local organizations pulled together to help this company expand in our region,” said N.C. Representative Mark Brody. “We’re proud of this collaboration and stand ready to assist Columbus McKinnon in the future as they continue to grow in North Carolina.”
In addition to North Carolina Commerce and the Economic Development Partnership of North Carolina, other key partners in the project include the North Carolina General Assembly, the North Carolina Community College System, Anson County, the Town of Wadesboro, and the Anson Economic Development Partnership.
How are Uncertain Times Altering Company Location Strategies?
Infrastructure Investment as an Economic Stimulus Tool
2020 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts
Site Selection 2020: The Importance of “Regional Depth” with Global Reach
34th Annual Corporate Survey & the 16th Annual Consultants Survey
2019 Top States for Doing Business: Georgia Ranks #1 Sixth Year in a Row