Burke County Company Plans Expansion of Existing Location
$200,000 Building Reuse Grant Announced for Project Piano
For Immediate Release
Burke County, N.C. (June 16, 2023) Governor Roy Cooper’s Office and the North Carolina Department of Commerce have announced the award of a Building Reuse grant to support the growth of Maynard Electric Company in Burke County. The company, located at 117 Dugout Circle in Morganton, will use the expansion to support their growth across NC and to allow them the required space to fabricate needed parts and prep for jobs as they expand their footprint. The Project was approved under the Codename: Project Piano.
Maynard Electric has been in operation in Burke County since March of 2013 and has steadily grown over the past 10 years. They were initially started by doing commercial and industrial electrical work. Their products include electrical design, construction, installation and repair for industrial, commercial and residential services.
Over the years the company has expanded its electrical services and added construction, maintenance and fabrication welding. In addition, Maynard Electric can now design and build process equipment systems. The process material handling equipment will include conveyors, belt conveyors, chain conveyors, roll cases, platforms and food processing equipment.
President & Owner, Ronnie Maynard, Jr. said, “As a Burke County native, I understand the need for skilled workers in this county and the surrounding area. This grant will help us create jobs for local workers and people looking to go into a skilled trade career while boosting the local economy. We also look forward to giving new life to the old Grand Piano building, which had long been forgotten.”
Burke County was the applicant for the grant and a 5% match for the grant was approved by the Burke County Commissioners. The project is expected to create an estimated $1M in new capital investment. “We are very excited about this expansion opportunity for Maynard Electric”, said Scott Mulwee, Chairman of the Burke County Commissioners. “The County is committed to creating opportunities for everyone and we welcome this project as part of achieving our shared community goals.”
Projects supported by these grants must lead to the creation of private sector jobs by new or expanding businesses. The company plans on adding an additional 25 new jobs by the end of 2024. These jobs are projected to pay on average $53,500/year, which is higher than the county average.
For the full announcement from the Governor’s office click (here)
About Burke Development, Inc.
Burke Development, Inc. (BDI) is a nonprofit organization supported by private and public funding that is charged with accelerating economic growth in Burke County. BDI works with industry leaders, site selection consultants, government agencies and other entities to facilitate expansion strategies for existing businesses and recruit target industries to Burke County. For more information about BDI visit www.BurkeDevInc.com.