Atlantic Building Components & Services Plans Fairmont, North Carolina, Manufacturing Complex
The company will significantly expand production capacity, establishing two roof truss production lines and two floor truss lines in phase one, along with additional support and materials storage areas.
“We are extremely excited to open our newest manufacturing facility in the Town of Fairmont,” said Jimmy Broach, President & CEO of Atlantic Building Components. “The minute we visited Fairmont, we knew this was the perfect location for our next facility. We really liked the small-town atmosphere, and its location relative to Raleigh, Wilmington, Myrtle Beach, and Charlotte made it ideal. We look forward to being a part of the community.”
The North Carolina Department of Commerce coordinated the state’s support for the company during its site evaluation and decision-making process.
Atlantic Building Components’ project in North Carolina will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the state’s Economic Investment Committee earlier today. Over the course of the 12-year term of this grant, the project is estimated to grow the state’s economy by nearly $221 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 $1,045,000, 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.
“Our state’s skilled and well-trained workforce is the key to our success as a location for manufacturers,” said North Carolina Commerce Secretary Machelle Baker Sanders. “As our First in Talent strategic plan for economic development makes clear, we can’t rest on our laurels in this area. Continued investments in education and specialized training programs will attract more manufacturers to North Carolina.”
Atlantic Building Components, founded in 1984 and headquartered in Moncks Corner, South Carolina, manufacturers precision-made roof and floor trusses for national and large volume regional builders. Homebuilders such as Pulte Homes, D.R. Horton, Lennar and Dan Ryan Homes are among Atlantic Building Component’s largest customers.
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