A company that was granted $2 million in tax incentives if it located here has chosen Mooresville to be the home of its new headquarters, saying it will create 367 jobs.
Corvid Technologies LLC will build a 100,000-square foot headquarters building on a 10-acre tract of land near Langtree Road, just east of I-77, the Mooresville-South Iredell Economic Development Corporation announced early Tuesday afternoon.
The investment is expected to be $28.9 million. Previously, economic development officials had said the company, which had not been identified, would create jobs with salaries averaging about $100,000 if it chose Mooresville.
Corvid provides physics-based engineering solutions for the defense, automotive, aircraft and biomedical industries and has been operating in Iredell County since 2004. The company supports ongoing projects and customers varying from motorsports, U.S. Olympic teams to the Defense Advanced Research Project Agency, the MSIEDC said.
Corvid has 145 employees with 75 percent of them holding advanced degrees. Corvid employs staff at offices in Virginia, Alabama, California and Hawaii.
“We’re excited to consolidate our headquarters in NC and continue our rapid expansion in the area,” Dr. David Robinson, CEO at Corvid, said in the announcement.
“The business-friendly climate at the local, county and state level combined with access to premier engineering talent were all major factors in our decisions to locate the company headquarters in the area.
“Given the energy and resources we’ll invest in the new campus and the roots our employees will plant, we're permanently committed to the area," said CFO Ted Berna. "Selecting the Iredell County location validates the county’s support and continuous investments in infrastructure, which are critical to attract top talent and enable growth. We truly appreciate the support we've received from the Town of Mooresville and the Mooresville-South Iredell Economic Development Corporation.”
Iredell County and Mooresville commissioners earlier this month approved tax incentives totaling $2 million if Corvid Technologies picked Mooresville.
“Headquarters projects are highly competitive and sought-after by other states and this is a key sector Mooresville is looking to grow,” said Mooresville Mayor Miles Atkins. “The Town, County and State worked together to provide an existing company the assistance they need to expand and grow locally. This is a great win for Mooresville.”
Corvid’s move to Iredell County will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the State’s Economic Investment Committee earlier this week.