Today Governor Josh Stein announced ProVia LLC, a manufacturer of exterior building products, will create 400 jobs in Davie County. The company will invest $120 million to build a window manufacturing facility in Mocksville to serve the southeastern United States.
“ProVia’s decision to establish a new manufacturing hub in Davie County is a win for our state,” said Governor Josh Stein. “With the largest manufacturing workforce in the Southeast, robust infrastructure, and a strong economy, our state is well positioned to continue attracting growing companies across a wide range of industries.”
ProVia is an Ohio-based producer of doors, windows, siding, stone, and roofing products for dealers and distributors in the residential construction industry. Founded in 1977, the family-owned company has grown to nine locations and more than 3,000 employees. This new site will be ProVia’s 10th location and a state-of-the-art manufacturing facility that will add 580,000 square feet of space for a new window production line.
“This expansion will enable us to continue delivering quality products to our growing marketplace with a high level of service and excellent lead times,” said Brian Miller, President and CEO, ProVia. “We are humbled to grow at this scale and grateful for the trust our customers place in us. This investment reflects our commitment to continuing to earn that trust by providing exceptional quality and service. It also reflects the tireless efforts of the communities behind these projects, and we are grateful for their partnership.”
“The depth of our manufacturing prowess continues to create positive economic activity across the state,” said N.C. Commerce Secretary Lee Lilley. “Our First in Opportunity plan will guide the work to strengthen our site readiness and infrastructure, ensuring North Carolina remains prepared to compete for the next generation of investment.”
Although salaries for the positions will vary, the average annual salary will be $66,326, which exceeds the Davie County average of $52,772. These new jobs could create a potential annual payroll impact of more than $26.5 million for the region.
ProVia’s operation in North Carolina will be facilitated, in part, by a Job Development Investment Grant (JDIG), which was approved by the state’s Economic Investment Committee earlier today. Over the course of the 12-year term of this grant, the project is estimated to grow the state’s economy by $1 billion. Using a formula that takes into account the new tax revenues generated by the new jobs and capital investment, the JDIG agreement authorizes the potential reimbursement to the company of up to $3,280,500, spread over 12 years. State payments occur only following performance verification each year by the departments of Commerce and Revenue that the company has met its incremental job creation and investment targets.
The project’s projected return on investment of public dollars is 73 percent, meaning for every dollar of potential cost to the state, the state receives $1.73 in state revenue. JDIG projects result in positive net tax revenue to the state treasury, even after taking into consideration the grant’s reimbursement payments to a given company.
Because ProVia chose a site in Davie County, classified by the state’s economic tier system as Tier 3, the company’s JDIG agreement also calls for moving as much as $1,093,500 into the state’s Industrial Development Fund – Utility Account. The Utility Account helps rural communities anywhere in the state finance necessary infrastructure upgrades to attract future business.
“We are delighted to welcome ProVia and these good-paying jobs to Davie County,” said Senator Steve Jarvis. “Joining our community is a vote of confidence in our ability to create the business environment with a world-class workforce to support its next phase of growth.”
“ProVia could have made this investment anywhere, but they chose Davie County,” said Representative Julia C. Howard. “We appreciate the diligent work of the state and local leaders and economic development professionals that helped the company decide to build in our community.”
In addition to the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina, other key partners in this project include the North Carolina General Assembly, Commerce’s Division of Workforce Solutions, the North Carolina Community College System, Davidson-Davie Community College, Davie County, Davie County Schools, Davie County Economic Development, the Town of Mocksville, and Duke Energy.