Hockmeyer Equipment Corporation Expands Elizabeth City, North Carolina, Plant
Manufacturing in Elizabeth City since 1984, Hockmeyer will add 35,000 square feet to its existing facility.
“This is an exciting time for Hockmeyer,” said Herman Hockmeyer, CEO and President of Hockmeyer Equipment Corporation. “This project is a true investment in future technologies for continued innovation to serve our clients around the world. Although growth presents challenges, we are eager to face them with the support of the local community and the state of North Carolina. Our new space will accommodate new equipment required to manufacture our growing product line and the skilled staff we are recruiting. Expanding is an important step in our growth trajectory, allowing us to continue to prosper in our business while we support the community’s prosperity as well.”
As an incentive, a performance-based grant of $300,000 from the One North Carolina Fund will help facilitate Hockmeyer’s expansion in Pasquotank 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.
The North Carolina Department of Commerce and the Economic Development Partnership of N.C. were instrumental in supporting the company’s decision to expand in Pasquotank County.
In addition to North Carolina Department of Commerce and the Economic Development Partnership of North Carolina, other key partners in the project include the North Carolina General Assembly, North Carolina Community College System, the City of Elizabeth City, Elizabeth City-Pasquotank County Economic Development Commission, Electricities of North Carolina and Pasquotank County.
“Our world-class workforce makes North Carolina a front-runner for manufacturers,” said North Carolina Commerce Secretary Anthony M. Copeland. “With a winning business climate and central location, Hockmeyer has the confidence to increase their investment in Elizabeth City.”
“New jobs in Elizabeth City keep happening because the county and town are doing the right things to attract businesses,” said Governor Roy Cooper. “Local effort to create a great place to live and welcome talented workers originally brought Hockmeyer Equipment Corporation to our state 35 years ago and is why they are expanding again today.”
2019 Leading Metro Locations: Pacific and South-Atlantic Metros Dominate the List
Finding Talent in a Time of Economic Change
Hitting the Reset Button: How to Pivot the Perception of Economic Development
Innovation in America Reaches New Heights
Mid-size Markets Competing for Business and Winning
A Site Selector’s Checklist for Locating in the U.S.
Location USA 2019