News Summary
DetraPel, a leading manufacturer of PFAS-free protective coatings, is moving its headquarters from Massachusetts to Charlotte, North Carolina. This $3.5 million investment will create over 30 new jobs and boost the local economy as the company transitions to a new 40,000-square-foot facility. With plans to expand to 70,000 square feet by 2027 and tripling production capacity, DetraPel’s move highlights the pro-business climate and strategic advantages Charlotte offers.
Charlotte Welcomes DetraPel’s Bold Move
Exciting news is brewing in Charlotte, North Carolina! DetraPel, known for its revolutionary PFAS-free protective coatings, is packing its bags and relocating its headquarters from Framingham, Massachusetts. This move isn’t just a change of scenery; it’s part of a hefty investment worth $3.5 million that promises to boost the local economy with over 30 new jobs.
A Fresh Start in a New Space
DetraPel is setting up shop in a brand new, spacious 40,000-square-foot facility located in southwest Charlotte. Operations are slated to kick off by late spring or early summer of 2024, marking a new chapter for the company that was founded in 2013 by the young and ambitious CEO David Zamarin when he was just 15. From humble beginnings, DetraPel has grown into a household name in protective coatings across various industries, including food and beverage, beauty, healthcare, textiles, and even electronics.
Jobs Galore!
For those looking for work, this is fantastic news! DetraPel plans to introduce a variety of job positions as part of its Charlotte rollout. Roles will range from engineering and research and development to technical and back-office positions. The average salary for these new roles will be an impressive $71,794, which is notably higher than the area’s average. Talk about a win-win!
A Move Driven by Growth
The decision to relocate to Charlotte wasn’t just made on a whim. DetraPel recognized the pro-business environment and robust manufacturing sector that Charlotte has to offer. Almost 70% of DetraPel’s domestic business is currently concentrated in the Southeastern U.S., making Charlotte a prime target for its expansion.
The move has received substantial support from local government officials, along with organizations dedicated to fueling economic growth like the Charlotte Regional Business Alliance and the Economic Development Partnership of North Carolina. This kind of community backing speaks volumes about what Charlotte has to offer.
Community Leaders Celebrate the Decision
City and county leadership couldn’t be more pleased with DetraPel’s decision to move. They believe it highlights the region’s dynamism as a serious player in the business world. As DetraPel plants its roots, it’s anticipated that the company’s operations will not only benefit its own workforce but also contribute to the wider local economy.
Plans for the Future
But there’s more! DetraPel has ambitious plans to expand its new facility, aiming to increase it to an impressive 70,000 square feet by 2027. This expansion is expected to triple its production capacity to a staggering 90,000 gallons per day. With such growth on the horizon, DetraPel is poised to be a major player in the industry, benefiting not just itself but the entire Charlotte area.
Building on Success
This latest announcement aligns perfectly with other economic development successes in Charlotte and Mecklenburg County. Recently, the region has seen over $458 million in capital investment and the creation of a whopping 1,381 jobs from various projects. Clearly, Charlotte is on the rise, attracting businesses and creating opportunities for its residents.
The Bigger Picture
In summary, DetraPel’s relocation to Charlotte brings a wave of excitement, new job opportunities, and significant economic investment. As this promising company makes its transition, the entire city stands to benefit from the innovation and growth it fosters. With its bright future ahead, Charlotte is ready to embrace DetraPel and all the positive changes it will bring to the community.
Deeper Dive: News & Info About This Topic
HERE Resources
DetraPel Inc. Relocates Headquarters to Charlotte, NC
Additional Resources
- WCNC: New Charlotte, NC Company Relocating
- Business NC: Former Shark Tank Contestant Moving Company to Charlotte
- WSOC TV: Company Seen on Shark Tank Relocate to Charlotte
- QC News: Clean Tech Company Moving HQ to Charlotte
- Axios: Egg Purchase Limits and Other News
- Wikipedia: Charlotte, North Carolina
- Google Search: Charlotte Business News
- Google Scholar: Charlotte
- Encyclopedia Britannica: Charlotte
- Google News: Charlotte NC
