News

Turkey-Based HPFABRICS, Inc Plans North Carolina Plant

Turkey-based HPFABRICS, a raw fabric manufacturer, plans to invest $1.1 million in a plant in Winston-Salem, NC, creating 260 jobs. The president of HBFABRICS called the investment “one of the first manufacturing-related direct investments made by a Turkish company into the U.S. economy.” The One North Carolina Fund facilitated the investment by offering a $250,000 performance-based grant. Read More

Continental Expands Texas Manufacturing Facility

Foreign-based Continental, a technology manufacturing company plans to expand one of their major U.S. plants in Seguin, Texas. The additions will create 100 new jobs in manufacturing, logistics and engineering. This investment is following the opening of the plant in 2012, which was a $113 million investment. Read More

Rolls-Royce To Open Turbine Lab In West Lafayette, Indiana

Member company Rolls-Royce will invest $24 million into a turbine lab at Purdue University, West Lafayette, Indiana. The $24 million investment is broken down as a public-private partnership with the Indiana Economic Development Corporation offering $6 million as incentive, Purdue University contributing $8 million, and Rolls Royce with $10 million. Read More