Prolec GE announces a new project in Wayne County, over 330 jobs expected
On May 14th, Prolec GE, a joint venture between Xignux and GE Vernova, announced with Governor Josh Stein plans to expand its manufacturing operation in Goldsboro. This will allow the company to produce more medium power transformers, a key component for expanding electrical grid capacity.
Key Metrics for The New Expansion
The company plans to invest an additional $140 million and create 330 new full time jobs.
The new positions will pay an average of $71,912, above Wayne County’s average annual salary of $46,211. This would add $23.7 million annually to the local economy.
The project is expected to generate over $1.05 billion in economic growth and is supported by a $4.6 million incentive package.
What They Are Saying:
“It is essential for government, industry, and community leaders to collaborate early and frequently to drive growth in the manufacturing sector,” said Juan Ignacio Garza Herrera, Xignux CEO and Prolec GE Chairman. “This $140M investment reflects our long-term commitment to creating sustainable value for North America’s energy market and our pride in energizing life and society to contribute to a better world. Our collaboration with the state of North Carolina, Wayne County, and our joint venture partner, GE Vernova, will be instrumental in helping us turn this commitment into something tangible that will benefit our customers and all those that rely on the country’s power grid.”
“Prolec GE’s expansion in North Carolina further solidifies the state as a manufacturing powerhouse across all sectors,” said Governor Josh Stein. “Our strong economy and world-class workforce continue to give businesses the confidence to keep investing in North Carolina. We’re excited about Prolec GE’s commitment to Wayne County.”
"On behalf of Wayne County, we welcome Prolec GE’s expansion. The new jobs and the investment into our county will bring economic growth and stability to Eastern NC," said Senator Buck Newton. "The people of Wayne County will continue to support this company as it grows to its full potential insuring the equipment necessary to provide reliable energy is made in America. I am looking forward to witness the benefits this project will bring."
“Announcements like these happen through collaboration,” said Representative John R. Bell, IV. “With the partnership and diligence of our state and local officials, as well as the economic developers, we’re able to inject another surge of energy into our regional economy through Prolec GE’s expansion.”
