Mooresville, NC – Corvid Technologies LLC will locate its headquarters facility in Iredell County and create 367 new jobs. The company plans to construct a 100,000-square foot building on a 10-acre tract of land near Langtree Road in Mooresville. The investment is expected to be $28.9 million.
Corvid provides physics-based engineering solutions for the defense, automotive, aircraft and biomedical industries and has been operating in Iredell County since 2004. The company supports ongoing projects and customers varying from motorsports, U.S. Olympic teams to the Defense Advanced Research Project Agency. Corvid has 145 employees with 75 percent of them holding advanced degrees. Corvid employs staff at offices across the U.S.; Alexandria, VA, Huntsville, AL, CA and Kauai, HI, at the Pacific Missile Range Facility.
“We’re excited to consolidate our headquarters in NC and continue our rapid expansion in the area,” said Dr. David Robinson, CEO at Corvid. “The business-friendly climate at the local, county and state level combined with access to premier engineering talent were all major factors in our decisions to locate the company headquarters in the area.”
“Given the energy and resources we’ll invest in the new campus and the roots our employees will plant, we’re permanently committed to the area,” said CFO Ted Berna. “Selecting the Iredell County location validates the county’s support and continuous investments in infrastructure, which are critical to attract top talent and enable growth. We truly appreciate the support we’ve received from the Town of Mooresville and the Mooresville-South Iredell Economic Development Corporation.”
Iredell County Board and Town of Mooresville Commissioners approved an industrial development incentive in accordance to their related policies for Corvid Technologies LLC in open session in March, under the name Project Control.
“Headquarters projects are highly competitive and sought-after by other states and this is a key sector Mooresville is looking to grow,” said Mayor Miles Atkins, Town of Mooresville. “The Town, County and State worked together to provide an existing company the assistance they need to expand and grow locally. This is a great win for Mooresville.”
Corvid’s location in Iredell County will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the State’s Economic Investment Committee earlier this week. Salaries for the new positions will vary but the State anticipates, the average annual payroll impact to be approximately $40.5 million.
“By joining forces and partnering with our municipalities, legislative team and the North Carolina Department of Commerce, Iredell County wins. High quality economic development is vital to our county and state and we are excited to invest in existing companies where our citizens will reap the benefits for years to come. Corvid offers our citizens high paying career opportunities and is a testament to the work that’s being done locally to create conditions conducive to competing for the best possible employers,” said Chairman James Mallory, Iredell County Board of Commissioners.
Partners involved in the project include; N.C. Commerce, Economic Development Partnership of North Carolina, North Carolina General Assembly, Duke Energy, Community College System, Iredell County, Town of Mooresville, Mooresville-South Iredell Economic Development Corporation and North Carolina Department of Transportation.
Mooresville-South Iredell Economic Development Corporation soon to be known as Iredell County Economic Development Corporation is a private, non-profit corporation dedicated to economic prosperity in Iredell County. Striving to increase the non-residential tax base by encouraging the creation of jobs and investment, through industrial and commercial recruitment and retention.