Monroe City Council has approved the $1.4 million sale of City owned property to support a major economic development project that will bring new jobs, investment, and a growing clean energy company to the Monroe Corporate Center.
Council voted on Tuesday, November 25, to authorize the sale of approximately 18.52 acres to Pure Power Contractors LLC. The company, currently based in Indian Trail, specializes in engineering, procurement, and construction for utility scale solar energy systems. Its teams design, engineer, and build large scale photovoltaic installations across the country.
Pure Power Contractors plans to relocate its headquarters to the Monroe Corporate Center as part of the project. The move will retain approximately 162 existing jobs and create more than 100 new positions over the next five years. The company plans to invest between $15 million and $20 million in the new facility. The property being sold by the City is valued at $1,379,700 according to the Union County tax assessment.
The headquarters project will include a new owner occupied building with an approximately 37,500 square foot warehouse and an approximately 24,500 square foot two story office, with additional space reserved for future expansion.
City Manager Mark Watson said the project reflects the City’s commitment to strengthening Monroe’s economic foundation.
“This decision supports quality jobs, long term investment, and a growing industry,” Watson said. “Pure Power Contractors is making a major commitment to Monroe, and we are proud to welcome their new headquarters to the community.”
Economic Development Director Teresa Campo said the project highlights the strength and competitiveness of Monroe’s industrial market.
“Companies have choices when they look to grow,” Campo said. “Pure Power Contractors selected Monroe because of our strong workforce, strategic location, and proven ability to support advanced industries.”
Pure Power Contractors President Justin Taylor said the company has steadily expanded since its founding and is ready for its next phase of growth in Monroe.
“I started my business, Pure Power Contractors, from my home office over 13 years ago. Since then, we have outgrown several office locations including our current facility in Monroe,” Taylor said. “I’m excited to build our next headquarters facility in the Monroe Industrial Park. It will be an ideal place to add more than 100 new positions in the next five years.”
City Council approved the land sale under the economic development provisions of North Carolina General Statutes after determining that the project will strengthen Monroe’s economy through new employment opportunities, increased tax base, and long term growth in the renewable energy sector.
For more information about economic development initiatives in the City of Monroe, visit www.developmonroe.com or contact the Office of Economic Development.