Asheville Economy: “Buncombe County gets a turbo boost” literally

By
Real Estate Broker/Owner with REAL ESTATE RESOURCES & NETWORK 209970
https://activerain.com/droplet/4ktt

 

Jobs and Golf - Asheville, N.C. : A division of Auburn Hills, Michigan-based BorgWarner,  will be adding jobs to the south Asheville/Arden  plant in Buncombe County.  According to Business North Carolina, a division of the manufacturer, BorgWarner *Turbo Systems will invest $55 million and add 154 jobs to its existing 650 over five years in its plant in Arden. The jobs will pay an average annual salary of $69,524- which could be a point of interest for home builders, buyers, and sellers in the Asheville area.

 

LAND FOR SALE IN THE ARDEN (ASHEVILLE) AREA

 

Currently there are approximately 150 building lots for sale in the Arden/Asheville area ranging in price from +/- $30,000 to $2.3 million  - a four (4) acre parcel.   Interesting- Golfers! Consider The Cliffs of Walnut Cove  where an 8 acre parcel inBeautiful, gently rolling land in highly desirable south Asheville...” presents an excellent opportunity. LAND in the Arden/Ashevilel area could be a remarkable 1031 Like Kind Exchange win.

 

Golf Asheville- Imagine YOU at Walnut Cove

 Asheville /Arden Imagine YOU on a course like this

 

 Business North Carolina reports: “The company expects production at the plant to double over five years to meet increased demand for more fuel-efficient vehicles. BorgWarner, which opened the factory in 1977, had sales of $7.4 billion last year — $5 billion of that came from engine-related products. It operates 60 plants in 19 countries and will receive a $126,000 grant from the state’s One North Carolina Fund   if job-creation and investment targets are met.”

 * Turbochargers increase the horsepower of car, commercial-truck and race-car engines.

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Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
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JaneAnne, that's fantastic news for the Asheville area, more jobs means an upswing in the local economy!

Jul 27, 2014 01:59 AM #1
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