A new auto facility by the online used car retailer, Carvana, is being planned for Cary. It will be located on the site which was once occupied by Philip Morris and has been closed for over 10 years.
The facility will be used for auto reconditioning, inspections, photography, and storage. It can help customers to get a faster delivery of their cars, and the company to deal with its increasing demand. Promotional Products can be used to publicize the opening of such a facility and the many services it will offer.
The facility is also expected to create over 400 jobs with an average annual salary of over $38,000. Carvana is investing $30m in the project. In exchange, the company will receive incentives of up to $1.2m from the state over the next 12 years. It is expected that this project will help the economy of North Carolina to grow by $512m during that 12-year period.
Cabarrus Economic Development will be providing a grant of $660,450 towards the project, while the Concord City Council will provide a grant of $428,400, leaving total taxpayer incentives of about $2.3m. The grants will be given to Carvana once it has met its investment and job targets.
Demolition work on the existing building is expected to begin soon.
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400-50 McGill Avenue
Concord, NC 28027
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Mon: 8:00 - 5:30
Tue: 8:00 - 5:30
Wed: 8:00 - 5:30
Thu: 8:00 - 5:30
Fri: 8:00 - 5:00
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Sun: Closed