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Economic Development Partnership of North Carolina company logo

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edpnc.com

Stage

Loan | Alive

Total Raised

$1.1M

Last Raised

$1.1M | 2 yrs ago

About Economic Development Partnership of North Carolina

Economic Development Partnership of North Carolina provides support for businesses founded in North Carolina. The group specializes in NC's key industries including aerospace, automotive, food processing, and information technology.

Economic Development Partnership of North Carolina Headquarters Location

150 Fayetteville St Suite 1200

Raleigh, North Carolina, 27601,

United States

919-447-7777

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Latest Economic Development Partnership of North Carolina News

Snack Foods Company Announces North Carolina Plant

Sep 21, 2022

SunTree's new facility will expand its operations to the East Coast. Roy Cooper Sep 21, 2022 iStock RALEIGH, N.C. — SunTree Snack Foods will create 94 new jobs in Wayne County, Gov. Roy Cooper announced. The company will invest $10.1 million to establish an East Coast manufacturing site in Goldsboro. “SunTree Snacks has made a great decision to establish an East Coast headquarters in Wayne County,” Cooper said. “Our quality of life, affordability, and manufacturing workforce continues to attract businesses from across the globe.” SunTree has an industry-leading reputation for innovation and commercializing new on-trend snack nuts, trail mix, and other better-for-you products for national and regional retailers, with a focus on its customers’ private labels and store brands. SunTree’s new facility in Wayne County will increase its manufacturing capacity and its national footprint, allowing it to deliver additional products and serve new customers while creating new jobs in the Goldsboro area. "We are so pleased to be working with Governor Cooper and the state of North Carolina to establish this new facility in Goldsboro and offer high-quality jobs to so many talented and capable North Carolinians," said Jeff Vogel, CEO of SunTree Snack Foods. "The addition of this East Coast facility will allow us to efficiently serve the eastern U.S. distribution centers for national and regional retailers, and the expanded capacity will reduce lead times for our customers and minimize the ecological impact of long-haul shipping. We look forward to continuing our company's growth and partnership with the state as we expand our market share in this geographic area." “North Carolina’s $90 billion agricultural economy is deeply rooted in our bountiful food processing industry and access to more than 170 million customers,” said N.C. Commerce Secretary Machelle Baker Sanders. “When companies are ready to expand, they want to operate in places where they are centrally located and have access to a pipeline of skilled talent.” The new positions include machine operators, office personnel, production staff, technicians, and managers. While the wages will vary for each position, the average annual salary for the new positions is $50,742, which exceeds Wayne County’s overall average annual wage of $40,996. The new jobs have the potential to create an annual payroll impact of more than $4.7 million. A performance-based grant of $250,000 from the One North Carolina Fund will help with SunTree’s expansion to North Carolina. The One NC Fund provides financial assistance to local governments to help attract economic investment and to create jobs. Companies receive no money upfront and must meet job creation and capital investment targets to qualify for payment. All One NC grants require matching participation from local governments and any award is contingent upon that condition being met. Joining the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina were key partners in the project that included the North Carolina General Assembly, North Carolina Department of Agriculture, North Carolina Community College System, Wayne Community College, North Carolina Global TransPark Economic Development Region, Wayne County, Wayne County Development Alliance, North Carolina’s Southeast, City of Goldsboro and Duke Energy. Latest in Capital Investment

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  • Where is Economic Development Partnership of North Carolina's headquarters?

    Economic Development Partnership of North Carolina's headquarters is located at 150 Fayetteville St, Raleigh.

  • What is Economic Development Partnership of North Carolina's latest funding round?

    Economic Development Partnership of North Carolina's latest funding round is Loan.

  • How much did Economic Development Partnership of North Carolina raise?

    Economic Development Partnership of North Carolina raised a total of $1.1M.

  • Who are the investors of Economic Development Partnership of North Carolina?

    Investors of Economic Development Partnership of North Carolina include Truist and Paycheck Protection Program.

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