Businesses looking at Cabarrus: printing, energy, entertainment
CONCORD, N.C. — Real estate brokers are showing more interest in Cabarrus County, reaching out to the Cabarrus Economic Development about large parcels of land that could be developed for industrial use.
Cabarrus Economic Development officials discussed the interest during their board meeting Wednesday. Confidentiality rules prevent officials from revealing too many details as they work with developers and companies, but one enquiry is about a 30-acre tract in Concord near Exit 52 and another is about a 65-acre tract near Midland.
During the meeting the Cabarrus Economic Development board also discussed several potential projects from companies considering Cabarrus County but use code names, such as Project Burgundy.
If Project Burgundy comes to Cabarrus it could represent a $56 million investment and lead to 120 jobs. The unnamed manufacturing company is associated with the adhesive paper industry.
“Things are moving well in that direction and we hope to still get good news in the future,” said LeeAnn Nixon, existing industry specialist for Cabarrus Economic Development.
Another unnamed company is pitching Project Tarheel, a printing operation that would occupy up to 100,000 square feet and create up to 200 jobs.
“That is a big news piece because they have made a decision to occupy an existing building here in the Concord area,” Nixon said. Nixon said she’s been in discussions with the company and if things move forward there could be two phases of development. There could potentially be 120 jobs in phase one and another 80 in phase two.
The group also talked about Project Mario, which is in the entertainment/attraction field and could use a 70,000-square-foot space.
“We are hoping to hear something definitive in the next couple of weeks,” said Patrick Coughlin, president/CEO of Cabarrus Economic Development. That project could yield 50 jobs, Coughlin said.
Project Abbey, a company associated with the energy industry, is looking at a 50,000-square-foot location. The arrival of global battery-tech startup Alevo has made the county a potential hub for the burgeoning green energy industry and has made the energy industry one of the markets the Cabarrus Economic Development is targeting.
Project View is the code name for another potential Cabarrus business, this dealing in construction materials. That business is looking at a 100,000-square-foot site and a $3 million investment.
If Project View moves forward it could lead to 500 new jobs with an average yearly wage of $30,000, according to economic development officials.
Coughlin also said three companies are looking for Class A office space but the county had nothing that met their needs.
“Each month that goes by we see more and more justification for somebody to come in and build some office space on spec here,” Coughlin said. “It’s just a matter of finding the right developer and the right location to build here.”
Contact reporter Michael Knox at 704-789-9133.