News Summary
Judco Manufacturing is relocating its headquarters and R&D operations to Greene County, NC, investing $5.3 million and creating 60 new jobs. This investment will enhance the local economy and job market, providing an 11% wage increase over the county’s current average wage.
Greene County Welcomes Judco Manufacturing’s $5.3 Million Investment
Greene County, North Carolina, is set to benefit from a significant economic boost as Judco Manufacturing, a family-owned company based in Los Angeles, announced plans to invest $5.3 million in relocating its headquarters and research and development operations to the area. This relocation will create 60 new jobs, contributing to the local economy and stabilizing the job market following the closure of the previous plant.
The new headquarters will occupy a 50,000-square-foot facility located at 204 Carolina Drive, a site that was formerly home to NWL Capacitors, which ceased its operations in 2024, leading to the loss of 91 jobs. Judco Manufacturing anticipates the new positions will offer an average annual wage of $44,001, representing an approximate 11% increase over Greene County’s current average wage of $39,698. This development could substantially enhance the economic landscape of Greene County, which has a workforce of around 8,550 and an unemployment rate of 3.6%.
Job Creation and Economic Impact
The decision to establish operations in Greene County is expected to have an annual payroll impact of over $2.6 million for the region, providing not only job opportunities but also stimulating local businesses and services. Judco’s investment is part of a broader trend of companies seeking favorable locations that support growth targets, and Greene County’s appealing workforce and infrastructure played a critical role in this decision.
About Judco Manufacturing
Founded in 1973, Judco Manufacturing specializes in the production of electromechanical switches for the automotive sector, including seat adjustment switches and bulb sockets for auto lighting. The company also manufactures toggle switches utilized in various appliances and power tools. As a third-generation family-owned business, Judco has established a solid reputation in the industry and continues to focus on innovation and quality in its products.
State Support and Economic Development
To facilitate this move, Judco will receive a performance-based grant totaling $125,000 from the One North Carolina Fund, which aims to attract and support business initiatives in the state. It is important to note that the company will not receive any upfront funding from this grant; instead, they must meet specific job creation and investment benchmarks to qualify for disbursement. This approach aligns with the state’s strategy to foster sustainable economic growth.
Strategic Location Benefits
Greene County benefits from a strategic location between Interstate 95 and I-587, roughly an hour’s drive from Raleigh, making it a desirable site for business operations. The close proximity to East Carolina University, recognized as a prominent research institution, further enhances the area’s appeal, providing potential collaboration opportunities and a skilled workforce.
Local officials and state legislators have expressed support for Judco Manufacturing’s investment, recognizing its potential to revitalize the area’s economy and generate new job opportunities. This investment represents a significant milestone in Judco’s growth strategy and stands as a testament to Greene County’s favorable business environment.
As Judco Manufacturing embarks on this new chapter, the community anticipates the positive impacts on job creation and local economic development, marking a pivotal moment for Greene County’s workforce landscape.
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Additional Resources
- WCTI12: Governor Stein Announces 60 New Jobs as Judco Manufacturing Relocates to Greene County
- Wikipedia: Greene County, North Carolina
- WITN: California Company Moving Headquarters to Snow Hill
- Google Search: Greene County economic development
- Plastics News: Automotive Supplier Judco Relocating to North Carolina
- Encyclopedia Britannica: Economic Development
- Business North Carolina: Los Angeles Company Moving Headquarters to Greene County
- Google News: Judco Manufacturing
- WNCT: New Jobs Coming to Greene County
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