Atlantic Building Components & Services, Inc., a manufacturer of wood trusses and building components for the construction industry, will establish a new manufacturing facility in Fairmont, North Carolina. The $6 million project is expected to create 105 jobs in Robeson County.
The company will significantly increase its production capacity, establishing two roof truss production lines and two floor truss lines in the first phase, as well as additional material support and storage areas.
“We are extremely excited to open our new manufacturing facility in the city of Fairmont,” said Jimmy Broach, president and CEO of Atlantic Building Components. “As soon as we visited Fairmont, we knew it was the perfect location for our next property. We really liked the small town feel and its location to Raleigh, Wilmington, Myrtle Beach and Charlotte made it ideal. We look forward to being part of the community.
The North Carolina Department of Commerce coordinated state support for the company during its site evaluation and decision-making process.
The Atlantic Building Components project in North Carolina will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the state’s Economic Investment Committee earlier today. . Over the 12-year term of this grant, the project is estimated to grow the state’s economy by nearly $221 million.
According to a formula that takes into account the new tax revenues generated by the new jobs, the JDIG agreement authorizes the potential reimbursement to the company of a maximum of $1,045,000, spread over 12 years. State payments only come after performance verification by the Departments of Commerce and Revenue that the company has met its additional job creation and investment goals. JDIG projects result in positive net tax revenue for the public purse, even after taking into consideration subsidy repayment payments to a given company.
“Our state’s skilled and well-trained workforce is key to our success as a location for manufacturers,” said North Carolina Commerce Secretary Machelle Baker Sanders. “As our First in Talent strategic plan for economic development makes clear, we cannot rest on our laurels in this area. Continued investments in education and specialized training programs will attract more manufacturers to North Carolina.
Atlantic Building Components, founded in 1984 and based in Moncks Corner, SC, manufactures precision roof and floor trusses for high-volume national and regional builders. Home builders such as Pulte Homes, DR Horton, Lennar and Dan Ryan Homes are among Atlantic Building Component’s largest customers.