Project Announcements

Companies continue to choose North Carolina as the business location where everything comes together - a place where both their employees and their business will Thrive.

Every month, we update this page of mini case studies tracking project announcements in our state. As you can see, a diverse group of companies from a wide variety of industries now call North Carolina home.

You can also review more recent announcements in the News & Events section of our website.




Gunboat Company
January 26, 2012
Industry sector:Boating and Marine New jobs:71 Financial investments:$1.8 million Location:Wanchese New or expanding:New
Company description:Gunboat Company, a sister company of Gunboat International that is headquartered in Rhode Island, produces world cruising sailing catamaran yachts that utilize advanced technology from round-the-world racing sailboats combined with luxurious interiors. The new facility will allow the company to increase production and meet the growing demand for Gunboats.
Origin Food Group, LLC
January 25, 2012
Industry sector:Agribusiness and Food Processing New jobs:50 Financial investments:$7 million Location:Statesville New or expanding:New
Company description:Origin Food Group, headquartered in Statesville, is a partnership by the Alarcón family of Ecuador and the Stameys of Iredell County, which combines more than 60 years of experience in the dairy farming and cattle business. The new facility will produce the company’s früsh line of drinkable yogurt and fruit shakes.
Sierra Nevada Brewing Co.
January 25, 2012
Industry sector:Agribusiness and Food Processing New jobs:95 Financial investments:$107.5 million Location:Mills River New or expanding:New
Company description:Sierra Nevada Brewing Co., an independent, family-owned pioneer in craft brewing, will locate a brewing facility for the East Coast in Henderson County, as well as an onsite restaurant. The company, based in Chico, California, is one of America’s first craft breweries. It currently employs in excess of 500 employees and is the second largest privately held brewery in the United States.
Spinrite Services, LLC
January 18, 2012
Industry sector:Textile New jobs:90 Financial investments:$9.1 million Location:Washington New or expanding:New
Company description:Spinrite Services LLC is a wholly-owned subsidiary of Spinrite Acquisition Corp., based in Listowel, Ontario. Spinrite is a leading manufacturer and marketer of craft yarns sold throughout North America. The company has a diverse hand-knitting product line sold under its Bernat, Patons, Lily Sugar n’ Cream, Peaches and Crème, and Phentex brands.
Daimler Trucks North America LLC
January 12, 2012
Industry sector:Automotive, Truck and Heavy Equipment New jobs:1200 Financial investments:undisclosed Location:Cleveland, Gastonia New or expanding:Expanding
Company description:Daimler Trucks North America LLC, headquartered in Portland, Ore., is a leading manufacturer of medium- and heavy-duty trucks. The company currently employs more than 4,800 people at its facilities in Cleveland, Gastonia, High Point and Mount Holly. It plans to add a second shift at its Freightliner Truck Manufacturing Plant in Cleveland and hire 100 employees at its nearby Components and Logistics Plant in Gastonia.
Baldor Electric Company
January 3, 2012
Industry sector:Green Energy New jobs:166 Financial investments:$17 million Location:Kings Mountain New or expanding:Expanding
Company description:Baldor Electric Company, a North American leader in industrial electric motors, will expand their operations in Cleveland County to accommodate growing demand for wind-powered technology. It was acquired by ABB Ltd. in January 2011 as part of their strategy to become a global leader for movement and control in industrial applications.