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Saturday, July 13, 2024

Defense industry company adding 25 jobs in Elizabeth City

TCOM, a manufacturer of air surveillance systems, will add 25 new jobs in Pasquotank County, according to a release from the state. The company will expand its Elizabeth City operation with an investment of $763,000.

TCOM is a leader in “lighter-than-air” persistent elevated intelligence, surveillance, and reconnaissance systems for the defense and aerospace sectors in the United States and foreign governments. Founded in 1971, the company designs, manufactures, and provides full life cycle sustainment for its portfolio of products including tethered aerostats and unmanned aerial systems. TCOM will expand its operational capabilities of the manufacturing, test, and integration campus in Elizabeth City to add training, engineering, and lab space in its 300,000-square-foot plant.

“Expanding our operations in Elizabeth City is part of our growth strategy and continues our investment in Elizabeth City and the surrounding communities we support,” says TCOM CEO Ron Bendlin in a release. “By adding jobs to the region, we’re not only strengthening our company, but we’re also making a tangible difference in people’s lives.”

The new positions include assemblers, engineers, technicians, logistics specialists, mechanics, quality inspectors, and other personnel. While wages will vary by position, the average annual wage is estimated to be $49,894 exceeding the Pasquotank County average of $44,457. These new jobs could potentially create an annual payroll impact of more than $1.2 million for the region.

A performance-based grant of $75,000 from the One North Carolina Fund will help TCOM’s expansion in North Carolina. The One NC Fund provides financial assistance to local governments to help attract economic investment and 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 matching participation from local governments and any award is contingent upon that condition being met.

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