Pennsylvania Transformer Technology Expands North Carolina Manufacturing,Creating Hundreds of Jobs
Table of Contents
Pennsylvania Transformer Technology (PTT) is expanding its manufacturing operations in Raeford,North Carolina,with a important investment that will bring 217 new jobs to Hoke County. The expansion underscores North Carolina’s position as a leading manufacturing hub and a growing force in the clean energy sector.This proclamation is the latest in a series of major economic advancement wins for the state, signaling continued growth and investment in key industries.
Investment Details and Impact
PTT, a leading domestic manufacturer of power and distribution transformers for the electric utility, municipal power, renewable energy, and industrial markets, will add 300,000 square feet across two facilities in Raeford. https://www.nccommerce.com/news/press-releases/pennsylvania-transformer-technology-expanding-in-hoke-county This expansion will bolster the company’s capacity to meet increasing demand for its products, especially those supporting the growth of renewable energy infrastructure.
“We want to grow here,” said Governor Josh Stein.”This investment proves again that North Carolina is the best state to do business, and I’m pleased PTT is expanding its role in creating North Carolina’s strong clean energy economy.”
N.C.Commerce Secretary Lee Lilley echoed this sentiment, stating, “North Carolina has the largest manufacturing workforce in the Southeast, and it comes as no surprise that great companies like PTT choose North Carolina. PTT’s expansion in Hoke County is a huge win for our state. Manufacturing supports every sector of North Carolina’s economy, and these 217 jobs create great opportunities for the community and the city of Raeford’s growth.”
North Carolina’s Thriving Manufacturing and Clean Energy Sectors
North Carolina boasts the largest manufacturing workforce in the Southeast, employing over 10% of the state’s total workforce. https://www.nccommerce.com/research-reports/north-carolina-manufacturing-facts The state is also experiencing rapid growth in the clean energy sector, with more than 100,000 North Carolinians currently employed in clean energy jobs.
Governor Stein recently established the North Carolina Energy Policy Task Force to address key energy challenges, including affordability, economic development, environmental protection, and increasing energy demand. https://www.governor.nc.gov/news/governor-stein-establishes-north-carolina-energy-policy-task-force
Recent Economic Development Wins for North Carolina
PTT’s expansion is part of a broader trend of significant economic investment in North Carolina. Recent announcements include:
* Scout Motors Inc.: A $207 million investment in a new corporate headquarters in Charlotte, creating 1,200 jobs in Mecklenburg County. https://www.nccommerce.com/news/press-releases/scout-motors-inc-to-create-more-than-2800-jobs-invest-over-16-billion-in-north-carolina
* Toyota: A $12.9 billion investment in its first North American battery plant in Liberty, randolph County, bringing 5,100 jobs to the region. https://www.nccommerce.com/news/press-releases/toyota-investing-129-billion-in-randolph-county-battery-plant-creating-5100-jobs
Key Takeaways
* Pennsylvania Transformer Technology is expanding in Raeford, NC, adding 217 jobs.
* The expansion represents a $300,000 square foot addition to PTT’s facilities.
* North Carolina is a leading manufacturing hub in the southeast, with a growing clean energy sector.
* Recent investments from Scout Motors and Toyota demonstrate the state’s attractiveness for major economic development projects.
North Carolina’s continued success in attracting manufacturing investment positions the state for sustained economic growth