Hexagon Agility to expand Salisbury facility, invest $28 million, create 75 new jobs
Published 4:19 pm Thursday, June 17, 2021
SALISBURY — Hexagon Agility will create 75 new jobs and invest $28 million over the next two years to expand its current facility in Rowan County, the Rowan Economic Development Commission and Gov. Roy Cooper announced Thursday.
“We thank the Rowan EDC for the continued support and funding to expand our existing Salisbury facility to become the first truly vertically integrated natural gas fuel system manufacturing plant in North America,” Hexagon Agility President Seung Baik said in a news release. “With this expansion, we are proud to create more local jobs and opportunities for our people, and deliver on our vision of clean air everywhere.”
The California-based company, a manufacturer of compressed natural gas fuel systems, will use a $500,000 grant from the state to renovate the building it currently occupies at 1010 Corporate Center Drive in Salisbury. The company plans to add 113,000 square feet to the 204,000-square-foot building to accommodate its expansion.
“Companies of all sizes are finding success in North Carolina’s resilient rural communities,” Cooper said in a news release. “Rural infrastructure grants are helping our communities make improvements to water, sewer and buildings, so they can continue to grow and create good jobs.”
Rowan EDC President Rod Crider said the expansion is a “significant investment in our community demonstrates that Rowan County possesses a highly-skilled workforce, pro-business environment and strategic location that enable companies to achieve success.”
Construction on the expansion will likely begin this summer and be completed early next year. The company, which employs around 200 workers at its Salisbury location, is already hiring for the new positions and will be represented at the Rowan EDC’s job fair at West End Plaza on June 26 from 10 a.m.-2 p.m. The average salary for the positions was not made available.
Additionally, the North Carolina Community College System will partner with Hexagon Agility to provide customized training for the new employees.
Agility Fuel Solutions, Hexagon Agility’s predecessor, initially moved its regional headquarters and production facility into Rowan County in 2015. The company celebrated its five-year anniversary in Salisbury in November with a visit from Baik.
“It’s always great when one of our existing companies expands,” Rowan EDC Vice President Scott Shelton said. “It shows confidence that our community has what is needed for their business to be successful. We’re always thrilled about adding new companies, but we’re even more excited when existing companies expand.”
The Rowan County Board of Commissioners in March endorsed the expansion project by approving a tax incentives, which will have Rowan County return 75% of the company’s paid taxes over a five-year period. The taxes are returned as a rebate after the company pays them.
During the first five incentivized years of the grant, Rowan County will collect $814,906 in revenue and provide incentives totaling $611,180. The county will retain $203,726 of revenue during this five-year period. During the next five non-incentivized years, Rowan County will collect a total of $489,443 in revenue. Modeled with a 10-year horizon, Rowan County would retain an estimated $693,169 of new revenue.
“We are ecstatic that Hexagon Agility has chosen to stay within Rowan County to expand its operations,” County Commissioners Chairman Greg Edds said in a news release. “Hexagon Agility originally selected Rowan less than seven years ago and to make the decision to expand here shows how mutually beneficial this partnership has been. We appreciate their continued investment in our community.”
Salisbury Mayor Karen Alexander in a news release congratulated Hexagon Agility for its “continued success and commitment to expansion of their business.”