North Carolina is set to welcome Wow Bao, an Asian street food company, which plans to establish a new manufacturing facility in Forest City. This development will introduce 88 new employment opportunities within Rutherford County and involve a $6.45 million investment by the company. The expansion reflects the growing demand for their products across restaurants, airports, delivery kitchens, and grocery stores nationwide. Governor Josh Stein emphasized that this decision strengthens the state's dynamic food industry while offering significant economic benefits to the region.
The collaboration between Wow Bao and North Carolina highlights the state's supportive infrastructure and skilled workforce. A grant of $180,000 from the One North Carolina Fund further supports the project. Positions at the new plant will encompass roles such as maintenance engineers, production supervisors, sanitation associates, and more, with average annual salaries reaching $49,648.
A New Chapter for Wow Bao in Forest City
Wow Bao has chosen Forest City as the site for its latest manufacturing endeavor. With plans to expand its operations significantly, the company aims to meet rising consumer interest through increased production capacity and modernized processes. This strategic move aligns perfectly with the company’s growth trajectory, leveraging the area's robust resources and talent pool.
Founded in 2003, Wow Bao has built a reputation for delivering fresh, flavorful snacks nationwide. Now, they are taking another step forward by establishing a cutting-edge facility in North Carolina. Matt Fallon, CFO of Wow Bao, expressed enthusiasm about the partnership with the local community and government. He highlighted the exceptional workforce and vibrant food industry in the state, noting these factors were instrumental in selecting Forest City as the ideal location for this phase of their expansion. As America's leading bao provider, Wow Bao looks forward to producing their popular items locally and distributing them throughout the country.
Economic Growth Through Job Creation
Beyond expanding its operational capabilities, Wow Bao's arrival brings substantial economic benefits to Rutherford County. The creation of 88 new jobs spanning various professional fields showcases the company's commitment to fostering local talent. These roles include maintenance engineers, production supervisors, sanitation associates, and other essential personnel.
Governor Josh Stein praised the initiative, stating that it reinforces the state's thriving food sector while presenting new career opportunities. Each position offers competitive compensation, averaging $49,648 annually, contributing positively to the regional economy. Furthermore, a performance-based grant of $180,000 from the One North Carolina Fund aids in facilitating this ambitious project. By investing heavily in infrastructure and human capital, Wow Bao underscores its dedication not only to business growth but also to community enrichment. This synergy between corporate expansion and local development exemplifies a promising future for both parties involved.