Raleigh, N.C. – August 10, 2015 – (RealEstateRama) — Governor Pat McCrory, N.C. Commerce Secretary John E. Skvarla, III and the Economic Development Partnership of N.C. announced today that HAECO Americas’ aircraft interiors unit HAECO Cabin Solutions will expand in Guilford County and plans to create 127 new jobs over the next five years. The company plans to invest $11.3 million in the city of High Point over the same period.
“Nothing compares to the talent, training and specialized resources aviation and aerospace companies find in North Carolina,” said Governor McCrory. “This world-class company selected our state because we offer the right ingredients for their business to achieve more.”
HAECO Cabin Solutions, formerly known as TIMCO Aerosystems, LLC, provides interior design engineering, certification and project integration for aircraft fleets and manufactures a variety of components for aircraft interiors, including its line of Vector™ passenger seats and FeatherWeight™ galleys and lavatories. More than 1,700 people are employed by HAECO Americas in North Carolina, with headquarters in Greensboro.
“This company’s management team has long-term experience doing business in our state,” said Secretary Skvarla. “This decision is a wonderful vote of confidence in North Carolina and the growing aerospace industry located here
Salaries for the new jobs vary by position but will include technicians and engineers. The average annual salary of the new jobs will be $60,114, compared to the Guilford County average of $43,581.
Kevin Carter, Chief Executive Officer for HAECO Americas, said, “We are experiencing significant growth in our aircraft interiors business, and the time is right for us to move ahead with this expansion.” He added, “The decision to expand in North Carolina was easy for us with its magnificent pool of employee talent and strong state and local partnerships.”
The project is being made possible in part by a performance-based grant from the One North Carolina Fund of up to $294,000. The One NC Fund provides financial assistance, through local governments, to attract business projects that will stimulate economic activity and create new jobs in the state. Companies receive no money up front and must meet job creation and investment performance standards to qualify for grant funds. One NC grants also require and are contingent upon financial matches from local governments.
In addition to N.C. Commerce and the Economic Development Partnership of N.C., other partners that helped with this project include the North Carolina Community College System, NCWorks, Duke Energy, High Point Economic Development Corporation, the City of High Point and Guilford County.
Contact: Governor’s Press Office
Phone: 919 814-2100