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EDC: 3 global businesses among 37 looking at Cabarrus

Published Friday, May 29, 2015

CONCORD, N.C. — Three companies looking at Cabarrus County as a place to develop their businesses could end up investing more than $60 million in the community and bring nearly 200 jobs here, according to the Cabarrus Economic Development.

Officials said that representatives from three companies visited Cabarrus County this month exploring the opportunity to develop business here.

Officials cannot release any more information on the companies they are talking with, because negotiations are always a private matter, but officials did say the industries that would be represented if the companies come here include energy, automotive and adhesive paper.

The energy and automotive industry are two areas that Cabarrus Economic Development officials are pursuing heavily after a study by Jeannette Goldsmith, a consultant with Goldsmith Strategy, which was delivered in March citing those industries as two Cabarrus County officials should pursue.

At the time she said Cabarrus County’s reputation as a haven for motorsports can attract international companies looking to establish a U.S. presence. At the time she added that pursuing the energy industry made sense with the presence of Alevo here.

Officials still have a long way to go before landing the three companies, but the group is among many that Cabarrus Economic Development representatives are talking to.

Currently there are 37 active projects according to the Cabarrus Economic Development monthly summary for April, which was distributed at the May meeting of the Cabarrus Economic Development board of directors.

Among those projects were three international interests with companies in Japan, Europe and Italy interested in Cabarrus County.

The report also states that the average site request among the 37 projects is 28 acres with an average building request size of 74,362 square feet. Each project could mean an average of 240 jobs, according to the report. Among those projects, 86 percent were new projects and 14 percent where expansion projects.

During the Cabarrus Economic Development board meeting officials also:

» Discussed their new brochure, a glossy printed folder full of information on Cabarrus County that can be used to give representatives of companies looking to move here a snapshot of what the community has to offer. The brochure cites Concord Regional Airport, as well as the county’s easy access to I-85 and Charlotte-Douglas International Airport.

» LeeAnn Nixon, the existing industry specialist for Cabarrus Economic Development, discussed a marketing program to encourage women to consider “nontraditional” jobs such as engineering and truck driving.

Nixon also discussed the industrial council, which started in May, and is designed for industries to come together and network as leaders. The next meeting is at 7:30 a.m. June 9 at Sysco Foods. There will be an economic development update and officials will be giving tours of the location. Anyone interested in participating can e-mail lnixon@cabarrus.biz to register for the council meeting.


Contact reporter Michael Knox at 704-789-9133.

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