City of Charlotte issued the following announcement on Oct. 17.
Solve Industrial Motion Group, a leading provider of high-quality power transmission and industrial-grade products, will open a new state-of-the-art distribution center, expanding its Charlotte headquarters and distribution operations.
Solve is investing over $34 million into a 282,000 square foot build-to-suit facility that will house its headquarters and distribution operations. The new site is located off Westinghouse Boulevard in the Steele Creek area. In addition to supporting the company's growth, the new space will allow for expanded engineering and quality control capabilities, flexible shipping and receiving areas, and designated product customization stations. Solve Industrial has partnered with Beacon Partners for site development. Construction will begin in 2022 with complete build-out scheduled for 2023.
"Charlotte represents a strategic expansion of our network while reinforcing our position as the most trusted and knowledgeable source for bearings and power transmission products," said Solve CEO, Lisa Mitchell.
Solve has operated in Charlotte since the early 1990s, manufacturing bearings and power transmission component parts to multiple industrial markets. The company cited Charlotte as the ideal market for its anchor facility because of its central location and capability of providing next-day service to southeastern markets.
"Solve choosing to expand in Charlotte speaks to the strong ecosystem of support that our city provides," said Charlotte Mayor Vi Lyles. "We look forward to continuing to work with them as they grow their footprint in the Steele Creek area and provide good-paying jobs for our residents."
In addition to retaining its 51 positions employed in Charlotte, the company will hire 60 new positions ranging from warehousing associates to sales and marketing to managerial and executive roles.
"Advanced manufacturing is an integral part of Mecklenburg County's economic development success, and we welcome Solve Industrial Motion Group's continued investment in Mecklenburg County," said Board of County Commissioners Chairman George Dunlap. This expansion will provide a broad spectrum of jobs that pay living wages. This is an important part of a social mobility platform and one of the County Commission's key priorities."
This project was a collaborative effort among the City of Charlotte and Mecklenburg County. The company received an incentives award from the City of Charlotte and Mecklenburg County.
Original source can be found here.
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