According to today’s announcement by Governor Roy Cooper, Phase Change Solutions, a producer of products for temperature management, will create 35 new jobs in Guilford County. The company will invest more than $3.5 million in its new U.S. headquarters and manufacturing facility in the City of Greensboro.
According to Governor Cooper, “this new investment in Phase Change Solutions’ headquarters and manufacturing capacity here in Guilford County highlights the benefits of operating in our state.” The business is a great partner in North Carolina’s overall drive to transition to a clean energy economy because of its dedication to sustainability.
Phase Change Solutions (PCS) produces cutting-edge materials for controlling temperature for a variety of sectors. PCS uses cutting-edge technology to provide energy-efficient solutions across industries, from construction to pharmaceuticals. to assess the energy requirements and usage for particular applications. With its new facility, the business will increase its production capacity and move its headquarters, warehouse, and R&D operations to Greensboro.
“Our new location in Greensboro will be an extension of our evolution to be a world-class advanced materials company,” said Govi Rao, CEO of Phase Change Solutions. “We are very excited to partner with the State of North Carolina, which has a rich heritage of deep technology combined with access to the best talent in the country and commitment to enable the transition to a circular and a decarbonized economy that works for all.”
“Advanced manufacturers want to operate where they are afforded a diverse workforce and resources to support their growth,” said N.C. Commerce. Machelle Baker Sanders is the secretary. In order to assist PCS maintain its leadership in clean energy and sophisticated materials, North Carolina has the professional manpower and research infrastructure needed.
The company is adding new employees to support its R&D, manufacturing, and distribution activities. The company’s total average annual wage of $80,429 will be higher than Guilford County’s average annual wage of $57,190, notwithstanding the fact that salaries vary by position. The neighbourhood could benefit from these new jobs with a payroll impact of more than $2.8 million per year.
The One North Carolina Fund will provide PCS with a $75,000 performance-based award to aid in its growth in the state of North Carolina. To help local governments draw in business investment and generate job opportunities, the One NC Fund offers financial support. Companies receive no money up front, and to be eligible for payment, one must satisfy goals for capital investment and job creation. All One NC funds require local governments to provide a matching contribution, and each award is subject to that condition being satisfied.
N.C. Senator Gladys A. Robinson stated, “We are pleased to welcome Phase Change Solutions growth to Greensboro. “Great enterprises are welcomed in Guilford County. The best workforce possible may be provided by our top-notch higher education institutions. We value the business’ trust in our ability to offer a trained workforce for these well-paying positions.
Other significant participants in this project, in addition to the North Carolina Department of Commerce and Economic Development Partnership of North Carolina, include the North Carolina General Assembly, Rural Infrastructure Authority, North Carolina Community College System, Guilford Tech Community College, Guilford County, Guilford County Economic Development Alliance, GuilfordWorks, Greensboro Chamber of Commerce, and City of Greensboro.