NVR, Inc., a leading homebuilder, will expand current operations in Kings Mountain and build a new facility in Fayetteville, North Carolina, investing over $33.9 million dollars in this project and creating 261 new jobs in Cleveland and Cumberland Counties. NVR, Inc. is a Fortune 500 company that constructs homes in 15 states for Ryan Homes, NVHomes and Heartland Homes, and has a mortgage division.
Salaries for these new positions will vary but will be higher than both counties’ average salary of $46,510. The annual payroll impact can potentially be $12.8 million a year.
“North Carolina is home to the largest manufacturing workforce in the Southeast which is continuing to grow due to our world-class education system and training programs,” said Melissa Smith, vice president for business recruitment and development at the Economic Development Partnership of North Carolina (EDPNC). “Add in our friendly business climate that includes one of the lowest corporate tax rates in the nation, and companies like NVR, Inc. choose North Carolina to grow and expand.”
The Economic Development Partnership of North Carolina would like to recognize the North Carolina Department of Commerce as well as other key partners involved in this project, including the North Carolina General Assembly, North Carolina Department of Transportation, North Carolina Community College System, Cleveland County, Cumberland County, Cleveland County Economic Development Partnership, Fayetteville Cumberland Economic Development Corporation, the City of Kings Mountain and the City of Fayetteville.
About the Economic Development Partnership of North Carolina
The Economic Development Partnership of North Carolina (EDPNC) is a private nonprofit corporation that serves as North Carolina’s statewide economic development organization. Governed by an 18-member board of business and industry leaders from across the state, the EDPNC focuses on business and job recruitment, existing industry support, international trade, and tourism and film marketing. The EDPNC, which operates under contract with the North Carolina Department of Commerce, works closely with public- and private-sector partners at the state, regional and local levels. For more information, visit edpnc.com.
For more information contact:
Maggie Bizzell, EDPNC
Senior Communications Manager