NC Gains 1,500+ Jobs and $1 Billion Investment
11/18/2025, 8:07:29 PM | United States
Projects in Benson, Charlotte and Gastonia will create over 1,500 jobs and inject more than $1 billion into North Carolina.
Three North Carolina communities secured major projects that together will create more than 1,500 jobs and top $1 billion in investment.
In Benson, about 35 miles south of Raleigh, Vulcan Elements — a rare-earth magnet manufacturer for electronics, batteries and EVs — will build a facility expected to employ roughly 1,000 workers with average annual pay of $81,932. Founded in Research Triangle Park in 2023, Vulcan plans about $918.1 million in investment through Dec. 31, 2029 and has received federal grant support.
Charlotte will become the North American headquarters for global logistics firm Maersk, which will add 520 positions to its current local workforce of about 670. New roles averaging $100,962 will include finance, human resources, legal, commercial strategy and technology functions.
In south Gastonia, Charlotte-based Paragon Site Solutions is launching Fit Precast to manufacture precast concrete products. The venture anticipates $71 million in investment by Dec. 31, 2027 and creation of 125 jobs over three years, with average pay near $102,168, complementing Paragon’s existing 422-person Charlotte operation.