BLACK MOUNTAIN, NC – Feb. 2017
On October 13, 2016, the Town of Black Mountain set forth a resolution that pledged grant funding toward infrastructure needs for Avadim Technologies Inc. expansion into the Black Mountain Commerce Park. The town served as a conduit for grant applications and awards from the United States Economic Development Administration and the GoldenLEAF Foundation.
“Avadim Technologies Inc.’s expansion in Buncombe County is a perfect example of private enterprise and government working together for healthy and well planned economic development,” said Alderman Larry B. Hrris with the Town of Black Mountain. “I believe I speak for the entire Board of Aldermen in expressing my gratitude that the Town of Black Mountain is a participant in this great collaborative effort. I am thankful for Avadim Technologies’ determination to expand in Buncombe County. I am thankful that the Black Mountain Commerce Park was ‘Site Ready’ and able to respond to the opportunity so effectively. I am thankful for all the wheels of government serving the people of North Carolina to create good jobs and spur capital investment in Buncombe County.”
Just three weeks prior, Avadim Technology, Inc. announced its plan to invest more than $25 million and 551 new jobs over five years in Buncombe County – the single largest job creation announcement the county had ever seen. The company plans to build its new corporate headquarters at the Black Mountain Commerce Park. Avadim’s new headquarters will include office space, research and development, manufacturing, and distribution. Matt Settlemyer, Black Mountain’s Town Manager sees the project as a starting point for future growth. As he puts it, “the presence of the company will help diversify the economy in the region. This commerce park is roughly 200 acres, so this is just the beginning of the development of that park, not the end. We will have the opportunity to continue to grow responsibly in a way that allows people to live, work and thrive in Black Mountain.”
Avadim’s Chairman and CEO, Stephen Woody understands the value of growing within North Carolina. “As a lifelong resident of Buncombe County, it was important to me that our business expansion happen right at home. Avadim will not only contribute to the health and well-being of individuals by addressing gaps in global health, including infection, neuromuscular disorders and wound care, but also this expansion will contribute to our economy by continuing to cultivate a vibrant life sciences sector and spur jobs in Western North Carolina.”
The project represents a team economic development win for the Town of Black Mountain, Buncombe County Commission and the Economic Development Coalition for Asheville-Buncombe County (EDC), Mission Health and other partners, and serves to advance the Coalition’s strategic plan, AVL 5×5: Vision 2020. This plan aims to attract high-growth employers in life sciences, technology, and advanced manufacturing.