VectorTex, a product developer and technology company, is expected to create 44 new jobs in Bladen County, N.C. The company will invest more than $6 million to establish its first North American manufacturing facility in Elizabethtown.
VectorTex USA is the U.S. subsidiary of Vector Technologies, an Australian contract manufacturer for the life sciences, aquaculture, automotive, and food and beverage industries. The company develops medical device components and product technology for oyster farming. With existing operations in Australia, Luxembourg, New Zealand, and Thailand, VectorTex will operate in a 25,000-square-foot production and innovation hub in closer proximity to key customers.
Callum de Vries, Technical Business Development Manager at VectorTex, said, “We’re excited to establish our new manufacturing facility in Elizabethtown, North Carolina. This investment strengthens our ability to serve customers across the United States, shortening supply chains and strengthening our global engineering, quality and production capability. The support we have received from North Carolina and Bladen County has been exceptional, and we’re eager to create new opportunities as we bring our advanced engineering and manufacturing operations online.”
While wages vary by position, the annual average salary for the new positions will be $48,136, which is in line with the average wage in Bladen County of $46,867. These new jobs could potentially create an annual payroll impact of more than $2 million for the region.
A performance-based grant of $120,000 from the One North Carolina Fund will help the company expand in North Carolina. The OneNC Fund provides financial assistance to local governments to help attract economic investment and to create jobs. Companies receive no money upfront and must meet job creation and capital investment targets to qualify for payment. All OneNC grants require matching participation from local governments and any award is contingent upon that condition being met.
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, the Golden LEAF Foundation, the North Carolina Community College System, Bladen Community College, North Carolina’s Southeast, North Carolina’s Electric Cooperatives, Four County EMC, Bladen County, Bladen’s Bloomin’ Agri-Industrial, Inc., the Bladen County Economic Development Commission, and the town of Elizabethtown.
