Advanced Digital Cable, Inc. (ADC), a manufacturer of electronic, industrial and other cables will create 15 jobs with an expansion of its existing manufacturing facility in Clay County, Governor Roy Cooper announced today. The company will invest $6 million with this project.
“North Carolina is the best state for business, and manufacturers like Advanced Digital Cable choose our state because we have the right business environment and talent,” Governor Cooper said. “ADC has called Clay County home for 20 years now, and I’m proud to join the local community in welcoming this expansion.”
ADC was founded in 1997 in Hayesville, N.C. and is now a key manufacturer of coaxial, electronic, industrial and traffic signal cables. ADC was built in the Smokey Mountains with progressive and innovative technology and equipment. ADC products have consistently met the stringent standards of some of the biggest names in the industry.
“Hayesville and Clay County have partnered with Advanced Digital Cable since its founding two decades ago,” said North Carolina Commerce Secretary Anthony M. Copeland. “I know that partnership will continue as ADC builds out its workforce, training and investment here in Western North Carolina.”
With this project, ADC will build a 55,000-square-foot addition to its Hayesville facility. Salaries for the new jobs will vary by position but will average $38,333 annually. The average salary in Clay County is $27,945.
The North Carolina Department of Commerce and the Economic Development Partnership of N.C. (EDPNC) were instrumental in supporting the company’s expansion decision.
A performance-based grant of $50,000 from the One North Carolina Fund will help facilitate ADC’s expansion in Clay County. The One N.C. Fund provides financial assistance to local governments to help attract economic investment and to create jobs. Companies receive no money upfront and must meet job creation and capital investment targets to qualify for payment. All One NC grants require a matching grant from local governments and any award is contingent upon that condition being met.
In addition to North Carolina Commerce and the Economic Partnership of North Carolina, other key partners in the project include the North Carolina General Assembly, North Carolina Department of Transportation, the North Carolina Community College System, Clay County and the Clay County Economic Development Commission.