State grant clinches company’s plans to expand Burlington plant

A high-tech manufacturer has agreed to expand a production facility in Burlington thanks, in part, to newly-approved $100,000 grant from the N.C. Department of Commerce.

Matthews International made it official on Monday that it will substantially enlarge its 3,400-square foot plant at 2056 Willow Springs using this building reuse grant, which is one of several such state-level awards that Governor Roy Copper formally announced Thursday.

According to the city of Burlington, the company ultimately plans to add roughly 60,000 square-foot onto the existing plant in order churn out products used in lithium ion batteries and state-of-the art hyperfuel cells. Under the terms of its state-level largesse, the company is expected to invest at least $4.9 million into this project and add no fewer than 14 new workers to this facility’s payroll.

In addition to the state’s building reuse grant, Matthews International has also received a pledge of $100,000 from Burlington’s city council, which approved this locally-based subsidy after a public hearing in December. The city has agreed to pay out this sum over a five year period provided that the company adds at least $10 million to the tax value of its facility and hires 26 new employees with an average salary of $64,061.

According to the city of Burlington, these two sets of incentives persuaded Matthews International to proceed with its proposed expansion along Willows Springs Lane rather than at a competing location in Texas.