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Agenda 05-20-25; 6-a - Adoption of the Final Financing Resolution Authorizing the Issuance of Installment Purchase Financing for Various Capital Investment Plan Projects
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Agenda 05-20-25; 6-a - Adoption of the Final Financing Resolution Authorizing the Issuance of Installment Purchase Financing for Various Capital Investment Plan Projects
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5/15/2025 10:58:23 AM
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BOCC
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5/20/2025
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Business
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Agenda
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6-a
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99 <br /> In September 2019, Medline Industries, a distributor and manufacturer of medical supplies <br /> announced plans to invest$65 million to construct an approximately 1.2 million square foot facility located <br /> near the City of Mebane in the County. The company has created 250 new jobs in its first five years, and <br /> Medline ultimately expects to employ up to 500 full time workers. Construction of the facility was <br /> completed in 2021, and the distribution center officially opened in 2023. <br /> In November 2019, Well Dot announced an expansion in the County. The company provides <br /> healthcare IT call center services, and is expected to bring over 400 jobs to the County. The company <br /> completed $40 million in financing in 2020 and $70 million in 2022 that is anticipated to continue the <br /> company's growth and employment in the County. <br /> In November 2021, Thermo Fisher Scientific announced an investment of$192.5 million for a <br /> 375,000 square foot facility to manufacture precision pipette tips for laboratory, research and bioscience <br /> use generating between 200 to 300 jobs with the potential for future expansion. <br /> In February 2021, Wegmans Foods Markets, Inc. opened a new 100,00-square foot store in the <br /> County at an estimated cost of$30 million. The store is expected to employ 185 full time and 245 part time <br /> employees. <br /> In 2024, Morinaga American Foods announced an investment of $136 million to complete a <br /> 100,000-square foot expansion to their existing facility in the County. The new facility is expected to <br /> generate 204 jobs and be operational by 2027. <br /> The Board of County Commissioners approved the Research Triangle Logistics Park to be built on <br /> a 160-acre site at the southeastern corner of NC 86 and Interstate 40 in Hillsborough. The 2.4 million <br /> square foot research park is aimed at attracting warehouse, light industry and research companies. Certain <br /> utility work has begun on the site,and the new industrial hub is scheduled to deliver nearly 450,000 square <br /> feet in the first quarter of 2026. The potential investment is anticipated to be at least$225 million in real <br /> property. <br /> The following table lists the ten largest employers in the County as of June 30,2024: <br /> Number of Percentage of Total <br /> Company Industry Employees County Employment <br /> UNC Health Care Health Services 14,316 28.47% <br /> UNC Chapel Hill Higher Education 13,938 27.72 <br /> Chapel Hill-Carrboro City Schools Education 1,900 3.78 <br /> Orange County Government Public Administration 1,414 2.81 <br /> Orange County Schools Education 1,143 2.27 <br /> ABB (formerly General Electric) Manufacturing 750 1.49 <br /> Town of Chapel Hill Public Administration 737 1.47 <br /> Wegmans Grocery Services 387 0.77 <br /> Armacell Manufacturing 365 0.73 <br /> AKG of America Manufacturing 351 0.70 <br /> Source:Annual Comprehensive Financial Report of the County for the year ended June 30,2024. <br /> 28 <br />
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