CCL Label Inc. will construct a new manufacturing facility in Fuquay-Varina, creating as many as 150 full-time jobs in the town.
The company has proposed the acquisition of a 32.28 acre business park site that is currently owned by the Town of Fuquay-Varina, according to Susan Weis, a spokesperson for the Town of Fuquay-Varina.
The new manufacturing facility, after construction and purchasing personal property and equipment, is expected to create $29 million in capital investment, according to Weis, with the total project more than $33.8 million.
Construction could begin on the 110,000 square-foot facility as soon as spring 2022, according to the statement.
The 150 jobs at the facility will support the company’s healthcare and specialty North American group, within the company’s CCL Label division.
Image: Town of Fuquay-Varina
The company is a subsidiary of CCL Industries Inc., a packaging company and the largest label maker in the world, the statement notes.
“CCL Label’s proposed project demonstrates the importance of Fuquay-Varina’s support for recruiting new investment to the community,” said Fuquay-Varina Town Manager Adam Mitchell, in a statement. “This project is consistent with the Town Board’s Strategic Plan that calls for the Town’s commitment to fostering non-residential tax base growth. Among this plan’s core values and initiatives is promoting Fuquay-Varina as a destination for investment by identifying and recruiting diverse industries to the Town’s business park that support growth and sustainability.”
The project will be supported by incentive funding approved by the Town Board of Commissioners, with up to $750,000 of economic development funding assistance, though it would only come after all $29 million in capital expenditures have been made.
The site is zoned industrial, and the Town of Fuquay-Varina purchased the property in 2018 from TE Connectivity with the intention of creating a business park to recruit new capital investments and expand the tax base for the town, the spokesperson told WRAL TechWire.
The site became “Shovel Ready,” a designation from North Carolina in 2019 and it recertified as one in 2021.
“In the realm of economic development, a community must have shovel-ready sites available to recruit industry leaders such as CCL Label Inc.,” said Tiffany McNeill, the Town of Fuquay-Varina’s economic development director, in a statement. “This project once again demonstrates the growth opportunities Fuquay-Varina can offer industry leaders who are positioning themselves for long-term success.”
Original Source: WRAL TechWire