Governor Josh Stein attended a groundbreaking ceremony for Pennsylvania Transformer Technology, LLC (PTT) in Raeford, North Carolina. The company is expanding its manufacturing facilities and plans to invest more than $102.5 million in Hoke County, which will result in the creation of 217 additional jobs.
“North Carolina’s top-tier workforce and thriving business environment make companies like Pennsylvania Transformer Technology want to grow here,” said Governor Josh Stein. “This investment proves again that North Carolina is the best state to do business, and I’m pleased PTT is expanding its role in creating North Carolina’s strong clean energy economy.”
N.C. Commerce Secretary Lee Lilley also commented on the expansion: “North Carolina has the largest manufacturing workforce in the Southeast, and it comes as no surprise that great companies like PTT choose North Carolina. PTT’s expansion in Hoke County is a huge win for our state. Manufacturing supports every sector of North Carolina’s economy, and these 217 jobs create great opportunities for the community and the city of Raeford’s growth.”
PTT manufactures power and distribution transformers used by electric utilities, municipal power providers, renewable energy projects, and industrial customers. The company will add 300,000 square feet across two new facilities in Raeford as part of this expansion.
North Carolina employs more than 100,000 people in clean energy jobs as part of its growing clean energy sector. In August, Governor Stein established the North Carolina Energy Policy Task Force to address issues such as affordable utility costs, economic development goals, environmental protection targets, and managing increased energy demand.
Last month saw further investments in North Carolina’s clean energy industry when Scout Motors Inc., an automotive manufacturer specializing in electric vehicles, announced plans to invest nearly $207 million into a new corporate headquarters in Charlotte with expectations to create 1,200 jobs in Mecklenburg County. Additionally, Toyota recently celebrated the launch of its first battery plant in North America with a $12.9 billion investment expected to bring 5,100 jobs to Randolph County.