Economic Benefits
Carolinas Cement promises to bring significant economic benefits to New Hanover County. In addition to the addition of 160 high-paying jobs, the new plant will have a far-reaching spillover effect throughout a variety of sectors.
Three-Year Construction Phase
- Capital investment of $450 million in buildings, equipment, machinery and site preparation.
- Annual fiscal impact of $181 to $221 million in New Hanover County.
- Creation of 1,730 to 2,133 new jobs.
Operations Phase
- Annual fiscal impact of $120 to $133 million achieved within five years.
- Annual tax bill of $2 million.
- Creation of 301 to 424 new jobs, including 161 new, full-time jobs with competitive salaries.
Statewide Benefits
- As the only cement manufacturing plant in North Carolina, Carolinas Cement will redirect revenue currently spent on importing cement from other states and countries.
- North Carolina imported 1.9 million tons of cement in 1993. That rose to 2.9 million tons in 2007 and is expected to double within the next 20 years.
- Current suppliers in neighboring states and imports cannot meet projected cement needs for North Carolina. Carolinas Cement will help ensure that North Carolina will not repeat the severe cement shortage experienced by the state in 2004 and 2005, which caused the cost of cement to spike.
Recent report proves residential real estate near Roanoke Cement holds or increases value
