Good news travels fast, especially in Stanly County. Check out our latest headlines, events, new business relocations, and notable expansions. Have Stanly County Economic Development news you’d like to share. Let us know.
For fifty years, Carnes-Miller Gear (CMG) has quietly and consistently served as a cornerstone of Stanly County’s manufacturing sector. Operating out of Stanly County since 1974, CMG specializes in precision gear manufacturing for a wide range of original equipment manufacturers (OEMs) and industrial clients. Their work supports industries spanning from mining and transportation to agriculture, rail, construction, and even aerospace.
Founded in 1998 as a subsidiary of the Japan-based Nabell Corporation, Nabell USA could
have chosen any location in the United States. However, they chose Stanly County, drawn by
the community’s potential and the strength of its workforce. Since then, the company has
expanded twice, most recently in 2020 when it added a machine and fabrication shop with metal
and plastic, machining and forming capabilities.
Oakboro, NC (Stanly County): Charlotte Pipe and Foundry, a trusted North Carolina-based manufacturer of plumbing systems since 1901, announced it would be relocating specialty pipe coating operations to its existing Oakboro, North Carolina foundry location. The process to aesthetically coat the cast iron plumbing pipe is the last remaining operational activity at its former, 55-acre foundry in Uptown Charlotte. It is anticipated the process will be fully operational at the Oakboro site by December 2025.
Mostly rural Stanly County is only a hop, skip and jump from the state’s most-populous city. It’s investing in a future that supports growing businesses and expanding population while protecting its natural and cultural wonders.
Albemarle, NC (Stanly County): Global Packaging Solutions has announced an expansion of its operations in
Albemarle, NC, creating 10 new jobs and investing $4.8 million in real and business personal property.
The Central Lines: Local Government Edition
11.12.2024: “In 2024, we are proudly celebrating our 40th year of operation. Throughout our history, we have likened our organization’s growth and development to that of an individual. From navigating the ‘terrible twos’ and the volatile teenage years, through the challenges of young adulthood, we have now reached a stage of maturity at 40. Our financial results this year reflect this organizational maturity, as we experience one of the best growth and performance periods in our history.”
Albemarle, NC (Stanly County): Sarasota, Florida-based Quality Enclosures announced today that it will be expanding its facility in Albemarle by creating approximately thirty-six (36) new jobs within the next five (5) years and investing $1.475 million in real and business personal property.
Stanly County: A $90,000 grant will support the 4,000-square-foot expansion of an existing building in Locust. The building is currently occupied by Flextol, a family-owned company that specializes in fabrication of jacketed valves, pipe flexible metal hoses, and PTFE (polytetrafluoroethylene) hose and expansion joints. The company expects to create 11 jobs and invest $329,645 in this project.
Stanfield, NC (Stanly County): O.B. Builders has selected Riverstone Industrial Park in Stanfield, North Carolina to construct a new manufacturing facility. The project will create eleven (11) new jobs in addition to relocating forty-seven (47) employees and will generate over $6.7 million in new taxable investment over the next five (5) years