12 June 2017
By Ken Elkins, Charlotte Business Journal
Scott Morris believes his company will grow by 70% over the next five years as highway, building and other projects kick into high gear.
Morris, president of American Wick Drain Corp. in Monroe, now plans to spend $8.7 million to replace and add equipment at the 100,000-square-foot building in Monroe Executive Park.
“We’re confident about the future,” Morris says. The expansion is “aimed at growing the company.”
More jobs will probably come with the expansion, Morris says. But it’s too soon to say how many, he adds.
“We’re looking to move into new markets,” Morris continues.
The building may also get an addition, he says, but again it’s early in the expansion-planning process.
American Wick employs 56 at the plant, which is located at 1209 Airport Road.
Monroe and Union County have agreed to grant American Wick a total of $391,500 in incentives over the coming five years in exchange for the investment.
American Wick is a good bet for the local incentives, says Gretchen Carson, project manager for existing industry at Monroe-Union County Economic Development Corp.
“They certainly are very worthy of the incentives,” she says. “They are critical to our economy here.”
American Wick makes drainage systems for building foundations, highways, athletic facilities and other applications. It has another manufacturing facility in Carson City, Nev.
American Wick is headquartered at the Monroe facility.
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