State of Business in WNC - Manufacturing
Oct 06, 2022 05:30PM ● By WNC Business
With operations set to begin this year, Pratt & Whitney’s new turbine airfoil production facility is bringing 800 jobs through a $650 million investment in WNC. Biltmore Farms, LLC sold the company a 100-acre property for $1, and in addition, the state awarded the company a performance-based Job Development Investment Grant of up to $15.54 million over 12 years. The county also approved economic incentives totaling $27 million over 10 years.
Biltmore Farms Co. is responsible for constructing the bridge across the French Broad River and roads inside Biltmore Park West with the help of a $12 million grant provided by Golden Leaf Foundation.
A-B Tech is creating a customized training program to support talent acquisition. The college also plans to build a training center near the Pratt & Whitney plant in Biltmore Park West, which is envisioned to accommodate other companies as well.
Sources: A-B Tech, EDPNC, Pratt & Whitney