Concord to be site of Carvana expansion, $35 million investment

August 20, 2019

It appears that online used-car retailer Carvana has plans to open a center in the Charlotte region at the former Philip Morris plant site, a move expected to come with hundreds of new jobs, upon incentives approval.

Carvana Co. (NYSE: CVNA), a Tempe, Arizona-based company known for its car vending machines, is seeking to build a 304-job, $35 million facility in Concord, according to notes from a recent Concord City Council meeting during which $428,400 in grants was approved for Project Wavy, affiliated with Carvana LLC. The three-year grant from the city is performance-based, meaning the company is required to make its investments and pay taxes before it will be eligible for any incentives payments.


Want More Stories Like This Delivered to Your Inbox? Sign Up for Emails