H Power Corp. of Monroe, NC, 30 miles southeast of Charlotte, is budgeting $5 million to build an 80,000-sf plant to make power supplies. The Clifton, NJ-based manufacturer expects to be in production by mid-year with an initial crew of 50 that could grow to over 300 in three years, according to a published report. About half of the startup employees will be experienced professionals, some earning $50,000 a year. Production workers will earn about $12 an hour.
Meridian Automotive Systems of Salisbury, NC, 50 miles northeast of Charlotte, has broken ground for a 250,000-sf plant to produce heavy truck parts. The company plans to invest at least $12 million on the facility, which is expected to open this summer and employ about 100 workers by the end of the year, according to a published report.
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