BorgWarner, a U.S.-based global mobility solutions company, is investing a minimum of $74.9 million to build an advanced manufacturing facility for a new industrial product in Hendersonville, North Carolina. The investment further strengthens North Carolina’s automotive supply chain and is expected to create 193 jobs.
Headquartered in Auburn Hills, Michigan, BorgWarner supplies technologies and systems solutions to every major automotive original equipment manufacturer (OEM) in the world. The new 220,000-square-foot manufacturing site will be the company’s second North Carolina facility, adding to its portfolio of 84 manufacturing and technical center locations worldwide.
While wages vary by position, the annual average salary is expected to be $78,628. The average wage in Henderson County is $51,565. These new jobs could create an annual payroll impact of more than $15 million for the region.
BorgWarner’s expansion in North Carolina will be facilitated, in part, by a Job Development Investment Grant (JDIG) awarded to BorgWarner Industrial Solutions LLC. The grant was approved by the state’s Economic Investment Committee. Over the course of the 12-year term of this grant, the project is estimated to grow the state’s economy by $583 million.
