A pair of Economic Development announcements were made Thursday (December 9) by Burke Development Incorporated (BDI).
Toner Machining Technologies (TMT) plans to hire approximately 30 employees and make a significant investment to purchase and up fit the Emery Corporation building on North Green Street in Morganton. TMT received a $240,000 Building Reuse grant from the state which will support the up fit of the buildings which includes completion of an assembly department and roof replacement.
Burke County was the applicant for the grant and will supply a $12,000 (5%) match for the project. The Building Reuse grant assists communities in maximizing the economic potential of existing structures. The additional space will be needed to meet increasing customer interest in TMT products and services.
TMT designs and builds work-holding fixtures for CNC equipment as well as complete turnkey projects and design and build gages and special machines. They provide machining solutions for companies in nuclear, aerospace, defense, automotive, medical, and power generation. In 2001 Jim Toner started the company with his wife, Iris and soon expanded into their current location, 212 E. Fleming Drive in Morganton. They currently have over 40 employees and together they continually work on new products and services and stand by their motto: Committed to Our Customer’s Success.
Also on Thursday, it was announced that furniture manufacturer EJ Victor received a $240,000 Building Reuse grant from the state. The grant supports expansion and restoration of the building they currently occupy at 110 Wamsutta Mill Road in Morganton. The City of Morganton was the applicant for the grant and they along with Burke County will supply a 5% local match for the project.
Projects supported by these grants must lead to the creation of private sector jobs by new or expanding businesses. The company currently employs over 140 and plans on adding at least 30 new jobs over the next 18 months. These jobs are projected to pay on average over $47,000/per year which is more than 20% above the current county average wage.
EJ Victor, who has been based in North Carolina since 1990, plans to increase their case goods and upholstery lines by expanding internal manufacturing space. Ninety percent of their product is currently made in North Carolina and they hope to increase that percentage through possible reshoring of product currently manufactured abroad.
Burke Development, Inc. (BDI) is a nonprofit organization supported by private and public funding that is charged with accelerating economic growth in Burke County. BDI works with industry leaders, site selection consultants, government agencies and other entities to facilitate expansion strategies for existing businesses and recruit target industries to Burke County.