New York Air Brake, a global manufacturer of innovative train control systems for the railroad industry, plans to create up to 100 new jobs and invest nearly $9 million in its operations facilities in Salisbury, North Carolina, to address growing customer demand.
New York Air Brake, based in Watertown, New York, has served the rail industry since 1890. The company offers freight and locomotive air brake control systems. As part of its business unit-focused approach, the company has been operating Premtec, a division focused on hose manufacturing plus freight car component production and testing, in Rowan County for nine years.
“Manufacturers like New York Air Brake recognize the strengths of the North Carolina workforce,” said Gov. Roy Cooper. “Our state offers the education and skills training our people need to stay sharp, which gives employers the confidence that North Carolina’s workers will always get the job done.”
When fully in place, the new positions in Rowan County will provide a payroll impact of more than $2.6 million each year to the local economy.
“New York Air Brake’s decision provides the latest proof that companies already doing business in North Carolina understand the advantages we offer as a business location,” said Commerce Secretary Anthony M. Copeland. The North Carolina Department of Commerce and the Economic Development Partnership of North Carolina were instrumental in supporting the company’s expansion decision.
A performance-based grant of $185,000 from the One North Carolina Fund will help support the expansion in Rowan County. The company must add 94 jobs to meet the requirements for the state grant. The One NC 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 One NC grants require a matching grant from local governments. Another project for the company announced last year involved a One North Carolina grant adding 28 jobs in Salisbury.
“We welcome this new business expansion by New York Air Brake,” said state Sen. Dan Barrett. “It is exciting to see momentum continue to build for economic development and job growth in Salisbury and Rowan County.”
In addition to North Carolina Commerce and the Economic Partnership of North Carolina, other key partners in the project include the North Carolina General Assembly, the North Carolina Community College System, Duke Energy, Rowan County and Rowan EDC.