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Old 12-14-2017, 02:07 PM
 
Location: Madison
224 posts, read 269,403 times
Reputation: 125

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Ps - you fully expected wrong, Mr. Mutiny


Quote:
Originally Posted by Mutiny77 View Post
Regardless of what the polls say at any point, I fully expect a Moore victory.
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Old 12-14-2017, 02:23 PM
 
Location: North Greensboro
826 posts, read 1,021,719 times
Reputation: 307
https://www.bizjournals.com/triad/ne...tive-firm.html

Interesting.
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Old 12-14-2017, 03:16 PM
 
Location: Greensboro, NC USA
4,594 posts, read 4,410,307 times
Reputation: 1501
Quote:
Originally Posted by GSOCitizen View Post
Would be nice if there are other sites in the Greensboro area for this deal. The timing is interesting.
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Old 12-14-2017, 06:03 PM
 
29,946 posts, read 27,406,003 times
Reputation: 18529
Quote:
Originally Posted by MadisonMike View Post
Ps - you fully expected wrong, Mr. Mutiny
Yeah I'm pretty sure I already addressed that.
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Old 12-15-2017, 06:19 AM
 
6,800 posts, read 4,450,910 times
Reputation: 5345
Quote:
Originally Posted by GSOCitizen View Post
I can't read the article. What is it?
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Old 12-15-2017, 06:24 AM
 
Location: Danville, VA
4,634 posts, read 3,044,259 times
Reputation: 2918
Quote:
Originally Posted by BC1960 View Post
I can't read the article. What is it?
Here ya go.

Quote:
As economic developers try to sell Toyota’s site selection team on North Carolina, another automotive manufacturer – code-named Project Pewter by recruiters – has quietly picked the state for an expansion.

Linamar Forgings Carolina, which makes parts for car companies, Toyota included, has announced plans to invest $6.8 million and create 31 jobs at its existing operation in Wilson County.

Linamar picked North Carolina over competing sites in Mexico, Canada and Kentucky for the project, according to N.C. Department of Commerce records.

The company, which manufactures chassis and powertrain products, plans to expand its Wilson County production to include two additional automotive products – hollow transmission shafts and net shape differential gears.

But this particular project could be an even bigger deal than just Wilson County. That’s because the state is reportedly on the shortlist for what could be one of the biggest economic development projects in the nation: a Toyota-Mazda plant. It’s reportedly down to Alabama and North Carolina, and some think the Tar Heel State, and the Triad in particular, is a top contender.

Norris Tolson, CEO of the Carolinas Gateway Partnership, the economic development recruitment engine in nearby Nash and Edgecombe counties, says announcements like Linamar’s prove the state has what it takes for an auto-assembly operation.

“We are a prime target for an auto manufacturer like Toyota to say, ‘hey, if we need to be near where the parts people are, this is the place we need to be,’” he says.

Furthermore, if Toyota-Mazda chooses North Carolina and/or the Triad for its $1.6 billion auto plant, it would not only provide the area with 4,000 high-paying jobs but also a slew of suppliers that will congregate around the facility purposely planned in the United States.

In exchange for its expansion pledge, Linamar has been approved for a performance-based One North Carolina Fund grant worth $62,000 over three years. The grant requires a local match and is contingent on the firm meeting certain job creation and investment milestones.

It’s not the first time Linamar has negotiated grant terms with the state.

In 2014, the company promised 145 jobs in Wilson County following the acquisition of Carolina Forge Co., but it failed to meet a milestone and repaid thousands of dollars back to the state.

While Commerce couldn't provide an immediate update, Lantz says she’s been told that project is back on track, and that Linamar still expects to create those promised jobs by 2019. When both expansions are complete, the local operation will be at about 300, she says. Lantz says the sector involved makes it a particularly big win for the region.

“Manufacturing jobs create other jobs … the benefit to the community is two-fold,” she says. “You get additional jobs in your community and the wages paid by manufacturers are traditionally higher than other industries.”

Salaries for the new jobs, according to the announcement, average nearly $50,000, well above the Wilson County average wage of just over $40,000.

Linamar Forgings Carolina is part of Germany-based Linamar Seissenschmidt Forgings Group, which is owned by Linamar Corporation.
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Old 12-15-2017, 06:42 AM
 
6,800 posts, read 4,450,910 times
Reputation: 5345
Quote:
Originally Posted by LM117 View Post
Here ya go.
Thanks. I can't see how this is relevant to theToyota/Mazda plant.
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Old 12-15-2017, 06:52 AM
 
Location: Danville, VA
4,634 posts, read 3,044,259 times
Reputation: 2918
Quote:
Originally Posted by BC1960 View Post
Thanks. I can't see how this is relevant to theToyota/Mazda plant.
It's basically speculation that the timing of this will somehow help goad Toyota/Mazda into picking NC since they're currently keeping a close eye on NC and AL until they make up their minds on where they're going to build the plant. That's my best guess, anyway.
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Old 12-15-2017, 06:56 AM
 
6,800 posts, read 4,450,910 times
Reputation: 5345
Quote:
Originally Posted by LM117 View Post
It's basically speculation that the timing of this will somehow help goad Toyota/Mazda into picking NC since they're currently keeping a close eye on NC and AL until they make up their minds on where they're going to build the plant. That's my best guess, anyway.
Its a very small expansion of a company 4 hours away from the Triad that may or may not even be a supplier to Toyota/Mazda. People are reading way too much into this.
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Old 12-15-2017, 06:58 AM
 
Location: Danville, VA
4,634 posts, read 3,044,259 times
Reputation: 2918
Quote:
Originally Posted by BC1960 View Post
Its a very small expansion of a company 4 hours away from the Triad that may or may not even be a supplier to Toyota/Mazda. People are reading way too much into this.
I agree.
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