Business

Parachute maker's expansion lands in Roxboro

Posted October 6, 2009 2:19 p.m. EDT
Updated October 6, 2009 7:18 p.m. EDT

— A parachute manufacturer plans to expand its operations in Person County, creating 375 jobs in Roxboro, to supply the military with parachutes, officials said Tuesday.

North American Aerodynamics Inc. produces the globally distributed Parafoil Accuracy Parachute Canopy and parachutes for the sports and military sectors. The privately held company, which was founded in 1964, employs 45 people full time, along with 55 seasonal workers, at its headquarters and plant in Roxboro.

The company plans to expand and renovate two nearby buildings to handle cutting, sewing and assembly of cargo and flare parachutes for military operations in Afghanistan, officials said. The company plans to invest $900,000 in the expansion, and the growth will qualify the firm for a $300,000 grant from the One North Carolina Fund.

The 375 new jobs will pay an annual average wage of $23,834.

“North Carolina, the nation’s most military-friendly state, maintains a strong manufacturing sector in support of our armed forces,” Gov. Beverly Perdue said in a statement.

The One North Carolina Fund provides financial assistance, through local governments, to attract business projects that will create jobs. Companies must meet job and investment targets to qualify for grant funds.