“When companies already in North Carolina choose to expand here, it’s a great vote of confidence,” said Governor Roy Cooper. “Our ability to support NVR’s growth demonstrates the reliability of our workforce, access to supply chains, and quality of life as attractive tools to meet the increasing demands of the homebuilding industry.”
Headquartered in Virginia, NVR sells and constructs homes under the brands of Ryan Homes, NVHomes, and Heartland Homes in 15 states. In addition to homebuilding products, the Fortune 500 company also operates a mortgage division.
“Companies like NVR will continue to thrive in places where a world-class workforce and strong partnerships are available to support their business objectives,” said N.C. Commerce Secretary Machelle Baker Sanders. “North Carolina not only has a strong manufacturing economy and the largest manufacturing workforce in the Southeast, but it also has a commitment to building a well-prepared workforce with its multi-tiered talent-focused strategic economic development plan.”
NVR’s expansion will be supported by a Job Development Investment Grant (JDIG) approved by the state’s economic investment committee this week. Over the 12-year term the project is expected to grow the state’s economy by more than $516 million.
“We are excited to welcome these additional jobs and increased investment to Cleveland County,” said N.C. Senator W. Ted Alexander. “With affordable corporate taxes and creative training systems, this announcement further validates that North Carolina is indeed the best place to do business.”
Partnering with the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina on this project were the North Carolina General Assembly, North Carolina Department of Transportation, North Carolina Community College System, Cleveland County, Cumberland County, Cleveland County Economic Development Partnership, Fayetteville Cumberland Economic Development Corporation, City of Kings Mountain and City of Fayetteville.