|Regional Economic Development Efforts Net Big Results for two NC Locations as Governor Cooper Announces Albemarle Corporation Expansions in Cleveland County and Charlotte|
|Company is expected to create 170 new jobs at their Kings Mountain Operations Center and will also create 30 new jobs at their headquarters in Charlotte.|
|Published Tuesday, August 15, 2017|
Cleveland County, NC - Albemarle Corporation announced today that they have chosen to expand their operations in Cleveland County, North Carolina. The company will add a variety of job functions to their existing Kings Mountain Operations Center, including operations and engineering services. Salaries for the 170 new Cleveland County positions will vary, with an average salary of $78,225, once all positions are filled. These projected average salaries well exceed Cleveland County's current average salary of $36,576. The company is expected to invest approximately $20,000,000 in new capital investment in Cleveland County, which is an updated figure that exceeds their original projection of $10,500,000.
"The Charlotte Chamber's economic development team recruited Albemarle's headquarters to Charlotte in 2015 and CCEDP has been highly engaged with their team behind the scenes while working on the expansion projects for both locations. Together, over the last few years, we have strategically discussed unique approaches to this project as we were trying to convince the company to expand operations in Cleveland County and Charlotte. Those conversations have been a great testament to a special type of urban-rural spirit of regionalism that exists here, yet doesn't necessarily exist in most locations across the United States. So today, we also want to offer our congratulations to big city neighbor Charlotte on their win, as well as thank them for their support throughout this project" stated Kristin Reese, Executive Director of CCEDP.
"Albemarle is pleased to build upon our recent corporate headquarters relocation to Charlotte and invest in expanding our footprint in Kings Mountain," said Luke Kissam, Albemarle's Chairman, President and CEO. "The functions we are adding at Kings Mountain will enable us to grow key business functions that support current global operations and position Albemarle to pursue future growth opportunities. We appreciate the strong support of the state of North Carolina, City of Kings Mountain and Cleveland County for this project."
"Albemarle's decision to expand here is a high compliment to Cleveland County, as it validates our community's pro-business environment and strategic location for the company's business operations" said Eddie Holbrook, Chair of the Cleveland County Board of Commissioners. He also noted "we are especially grateful for the diverse, professional jobs that will be created by this expansion project and positive impact that it will have on our tax base."
Albemarle Corporation's expansion in Cleveland County will be facilitated, in part, by incentive grants from Cleveland County and the City of Kings Mountain which were both approved on August 1st, 2017. North Carolina will also be supporting the project through a $4,300,000 JDIG grant, which was approved today by the state's Economic Investment Committee.
"This is an exciting day for our community and we are honored that the company has chosen to expand their operations here" said Kings Mountain Mayor Scott Neisler. "We understand the company's critical need to stay on track with this project, so the City and our staff will make every effort to support and streamline their efforts."
Partners on this project were: N.C. Commerce, EDPNC, the North Carolina General Assembly, the North Carolina Community College System, Gardner-Webb University, Cleveland County, the City of Kings Mountain, and the Cleveland County Economic Development Partnership.
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