Hydromer, Inc., a New Jersey-based manufacturer, plans to move their operations to Concord this summer.
Hydromer was built in 1981 and grew to become a leading developer of polymer-based products in the medical device, pharmaceutical and biotechnology markets, as well as cosmetics, personal care and other industries. The company will be moving to Corporate Drive in International Business Park.
Hydromer will be bringing over 30 new jobs to the community, with wages well above the current county average, according to a press release from the Cabarrus Economic Development Corporation.
“Advanced manufacturing and technology companies like Hydromer are a strategic target for our community,” said Robert Carney, Executive Director of the Cabarrus Economic Development Corporation. “They bring high quality jobs and significant investments. This is a big win for us.”
The decision to relocate Hydromer to Cabarrus County was partly due to the region’s position as a growing talent hub, its competitive business climate, tax rate and its well-established international business hub.
According to the Charlotte Regional Business Alliance, the plastics manufacturing industry is 85% more concentrated in this region than the national average and has over 10,000 people working in the sector.
“We are very excited about Hydromer coming to our area,” said Concord Mayor Bill Dusch. “Their highly inventive polymer-based products and manufacturing processes will create high quality jobs that will fit in well with our community.”
Hydromer’s relocation to Concord will put them in one of the fastest growing cities in the Charlotte region and in close proximity to many major markets along I-85 and I-77.