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Electronics manufacturer to invest $3M, employ 60 in North Asheville
Sunday, 19 July 2020 19:18

From Staff Reports 

Charles Edward Industries announced plans to invest $1.5 million over three years in a new manufacturing operation between Moog Music and High Five Coffee, on Broadway Street in North Asheville, according to a June 24 press release

“The facility will create 60 new jobs including positions in assembly and production, engineering, management and administration,” the release stated.

The announcements was made in conjunction with the Buncombe County Commission, Asheville City Council and the Economic Development Coalition for Asheville-Buncombe County.

CEI is an electronics manufacturer with specialized expertise in circuit boards and associated electronic components. 

The release added, “The company will be relocating its headquarters and expanding into an existing building on Broadway Street, just outside of downtown Asheville. The new Asheville facility will support growth opportunities for CEI in the aviation and aerospace industries, in addition to supporting existing customer relationships the company has in Asheville. The area’s highly skilled workforce is seen as a distinct advantage that will set the company up well for future growth opportunities.”

Tim Harmon, president of CEI, was quoted as saying in the release, “CEI is thrilled to announce our plans to establish a presence in the Asheville community and to add to the ongoing revitalization efforts of the Broadway Street Corridor.

“We see great promise for our company in Asheville and view the community’s workforce as a key competitive advantage as we seek to grow the business to new heights.”

CEI plans to renovate and occupy a building along the 100 block of Broadway Street in Asheville, adjacent to the Moog Music factory. “The company will pay an average wage of $46,925, roughly 110 percent that of the Buncombe County average wage,” the release noted. “Hiring is expected to start in fall of 2020.”

Asheville Mayor Esther Manheimer stated, “CEI’s commitment to invest in Asheville is a testament to the attractive community and economic assets that exist in our city. The well-paying, highly-skilled manufacturing jobs associated with this investment are a welcome addition to our community as we work to rebuild our economy in the wake of the COVID-19 pandemic.”

Meanwhile, Brownie Newman, chairman of the Buncombe County Board of Commissioners, said, “We are grateful to welcome another technology-driven manufacturing company like CEI to Buncombe County during a time when strengthening and diversifying our local economy is a top community priority. 

“Buncombe County has a great legacy of manufacturing talent, and the workforce training partnership CEI will establish with A-B Tech will further ensure that a steady pipeline of highly skilled workers is available to help the company thrive in our community for years to come,” Newman noted.

In addition, Michael Meguiar, EDC board chair, said, “The board of the EDC appreciates the confidence and commitment of CEI to this community at this critical time. A vibrant manufacturing economy is critical to a brighter future for Asheville and Western North Carolina.”

 



 


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