Crown to grow in Concord

News Story
- 13 Sep 2007 ( #327 ) - NEW BREMEN, OH, United States
1 min read
Crown's office in Charlotte, North Carolina
Crown's office in Charlotte, North Carolina
Crown Equipment Corp is moving its factory-direct sales and service branch from Charlotte, North Carolina to Concord, North Carolina.

Crown bought the 44,800 square foot (4,408 square metre) Oakmont Speculative Building on eight acres at 8401 Westmoreland Drive, near the Concord Regional Airport.

Crown is expected to invest USD550,000 and bring 52 jobs to the new office.

Concord city is offering industrial grants to Crown, providing up to 85% of the additional tax revenue generated by the project for three years.

Concord mayor Scott Padgett says he is looking forward to working with Crown.

"This is another example of why we need to have industrial land and speculative buildings in place. There are companies seeking these ready-to-go sites and we need to have an inventory of options available for opportunities such as this," he says.

The Charlotte Observer reports Crown will move from its current Charlotte office to Concord in the first quarter of 2008.

Warren Snowdon of commercial real estate company Commercial Carolina, helped Crown search for and buy the property.
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Since July 2000, Forkliftaction News has been your guide to the developments that are shaping your industry.

Starting today we are also looking back on some of the key news stories from our extensive news archive.

In the news email and on the website, you'll see links to stories that were 'leading our news' multiple years ago, with topics spanning world-first products, big acquisitions, and major industry shifts.
We hope you enjoy this unique insight into the materials handling industry!