VEKA, a global leader in the vinyl extrusion industry, will locate a new facility in Burke County. According to Burke Development Incorporated or BDI, over the next four years VEKA will create 102 jobs and invest $18M. This is the fourth facility in the United States for the family-owned, German company.
VEKA, Inc. is one of North America’s most respected suppliers of vinyl window and door profiles. They will receive a $500,000 performance-based grant from the One N.C. Fund, which provides financial assistance to local governments to help attract economic investment and to create jobs. Burke County and the City of Morganton have approved local incentives matching 50% of the new taxable investment for seven years.
Caterpillar announced they would close their 160,000-square foot facility on Ceramic Tile Drive in Morganton in April 2016. Since then the company has wound down its operations and VEKA, Inc. has plans to occupy the facility and begin operations in early 2018.
“I’m excited to have a quality company reusing this now vacant structure,” said Alan Wood, President and CEO of Burke Development, Inc. “This addition will assist our efforts to grow and diversify our manufacturing base.”
The North Carolina Department of Commerce, the Economic Development Partnership of North Carolina, Burke County, the City of Morganton, and the Western Piedmont Council of Governments assisted with the project.
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.