NVR, Inc., a Virginia-based leading homebuilder, will expand current operations in Kings Mountain and build a new facility in Fayetteville, North Carolina, investing over $33.9 million dollars in this project and creating 261 new jobs in Cleveland and Cumberland Counties. NVR, Inc. is a Fortune 500 company that constructs homes in 15 states for Ryan Homes, NVHomes and Heartland Homes, and has a mortgage division.
Salaries for these new positions will vary but will be higher than both counties’ average salary of $46,510. The annual payroll impact can potentially be $12.8 million a year.
“North Carolina is home to the largest manufacturing workforce in the Southeast which is continuing to grow due to our world-class education system and training programs,” said Melissa Smith, vice president for business recruitment and development at the Economic Development Partnership of North Carolina (EDPNC). “Add in our friendly business climate that includes one of the lowest corporate tax rates in the nation, and companies like NVR, Inc. choose North Carolina to grow and expand.”
The Economic Development Partnership of North Carolina would like to recognize the N.C. Department of Commerce as well as other key partners involved in this project, including the North Carolina General Assembly, North Carolina Department of Transportation, North Carolina Community College System, Cleveland County, Cumberland County, Cleveland County Economic Development Partnership, Fayetteville Cumberland Economic Development Corporation, the City of Kings Mountain and the City of Fayetteville.