Ultra Machine & Fabrication Inc. will expand its manufacturing facility in Shelby, N.C., creating 63 jobs and investing $6 million during the next three years. The company will also receive a $108,000 One North Carolina Fund grant.
Ultra Machine & Fabrication Inc. is a precision fabricator of welded armored sub-assemblies for military contractors. Currently based in Kings Mountain with 112 employees, the company will move to a larger facility in nearby Shelby.
While wages will vary by job function, the average weekly wage of the new jobs will be $800 plus benefits, which is more than the Cleveland County average weekly wage of $552 not including benefits.
"North Carolina is a great place to do business," said Frank Stewart, president of Ultra Machine and Fabrication Inc. “The skilled labor, access to major highways, partnerships with local governments and the community were the deciding factors in our decision to continue expanding our operations in the Tar Heel state.”
The One North Carolina Fund assists the state in industry recruitment and expansion by providing financial assistance through local governments to attract business projects that will stimulate economic activity and create new jobs in the state. One North Carolina Fund grants require and are contingent upon a local match.
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