SynergyLabs, a manufacturer of specialty pet products, has selected Burke County, NC, as the location for a new company that will create 237 jobs.
The enterprise will invest $11.2 million to ramp up a new manufacturing plant in Hildebran, North Carolina Gov. Roy Cooper announced.
“North Carolina offers high-tech manufacturers like SynergyLabs the right ingredients for success, from our skilled workers to our transportation networks,” said Cooper. “We are excited to see this infusion of jobs in Burke County, and will continue to work to bring jobs and economic growth to our state’s rural communities.”
SynergyLabs, with headquarters in Fort Lauderdale, FL, is a “concept-to-shelf” manufacturer of more than 150 branded and private brand products for pets. The company sells and distributes products across pet-specialty, veterinary, grocery, farm-and-feed, mass-merchandisers and big-box channels in over 50 countries worldwide. The company’s pet merchandise lines include grooming aids, stain and odor products, training aids, flea and tick controls and nutritional supplements.
“Pets are family too, and we are committed to providing pet parents with world-class products that deliver the same high levels of quality they’d provide other family members,” said Richard Ticktin, founder and CEO of SynergyLabs. “North Carolina’s reputation for manufacturing excellence gives us complete confidence we’ll be able expand our operations while maintaining the high standards our customers have come to expect.”
The average salary for all the new positions will reach $40,568.
The new company’s project in Burke County, backed by SynergyLabs LLC, will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the state’s Economic Investment Committee earlier. Over the course of the 12-year term of this grant, the project will grow the state’s economy by an estimated $968 million. Using a formula that takes into account the new tax revenues generated by the new jobs, the JDIG agreement authorizes the potential reimbursement to the company of up to nearly $2.1 million, spread over 12 years. State payments only occur following performance verification by the departments of Commerce and Revenue that the company has met its incremental job creation and investment targets.