Officials: Business climate, incentives help bring manufacturer to Greenville - The Daily Reflector
Officials: Business climate, incentives help bring manufacturer to Greenville | Local News | reflector.com
State and local incentives valued at up to $16.8 million over a 12 years, a strong local business climate and educational partnerships helped convince a Vietnamese company to pick Greenville for $300 million manufacturing plant that will employ 900 people, officials said.
Gov. Roy Cooper on Friday led a cadre of dignitaries at ECU's Murphy Center in announcing that Boviet Solar will locating its first American solar panel manufacturing facility in Indigreen Corporate Park. The company plans a $294 million capital investment in the project, which includes refurbishing the former DENSO North Carolina facility at 1125 Sugg Parkway and construction of a 500,000-square-foot addition beginning in 2026, Zaochun “Jimmy” Xie, CEO and General Manager of Boviet Solar, said during the event.
Related Knowledge Center: Climate economics
Climate change is now a driver of the world’s economy. The impact is profound:
- Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
- Vulnerable communities are increasing climate-related investments, hardening infrastructure and taking other protective measures.
- Investment in carbon capture and storage technologies is increasingly rapidly.
- Governments are making investments and crafting regulations to reduce emissions of carbon dioxide and other greenhouse gases.
On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”