$26-million Investment Hits North Carolina
Precor Incorporated, one of the most respected brands in fitness equipment, announced today that they will open a new Southeast manufacturing, assembly and distribution facility at Rock Creek Center in Eastern Guilford County, North Carolina. The company will invest $26.2 million and build a 225,000-square-foot, LEED-certified building to accommodate its operations. Precor plans to hire approximately 142 employees by 2011. Those employees will receive an average wage of $38,456. The facility will also be the headquarters for the Precor Strength Division.
Precor received an economic development incentive grant from Guilford County, which strengthened its decision to locate a new facility there. “This is an exciting time for Greensboro,” says Guilford County Commissioner Chairman Skip Alston. “We welcome Precor with open arms.”
Rock Creek Center is a strategic location for Precor because of the easy access to I-40/85 that the site affords. Precor also was attracted by the excellent training opportunities in welding, machining, and upholstery available through Guilford Technical Community College. “GTCC is such an integral partner in attracting Precor to the area,” says Greensboro Economic Development Alliance Chairman, Chuck Cornelio. “Guilford County has so much to offer new companies and we did everything in our power to make their location decision process as seamless as possible. We are thrilled to have a new manufacturing, assembly, and distribution center as well as a new divisional headquarters. I can’t think of a better Christmas present for Greensboro and Guilford County.”
The Greensboro Economic Development Alliance (GEDA) worked closely with Precor representatives throughout the site selection process. GEDA also recognizes the Guilford County Commissioners, the North Carolina Community College System, and the North Carolina Department of Commerce, the North Carolina Department of Transportation, and Duke Energy for their efforts in bringing Precor to Guilford County.