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		<title>Cummins Spending $580M on Rocky Mount Expansion</title>
		<link>https://vrjproperties.com/cummins-spending-580m-on-rocky-mount-expansion/</link>
		
		<dc:creator><![CDATA[VRJwebmaster]]></dc:creator>
		<pubDate>Tue, 09 Jan 2024 15:30:23 +0000</pubDate>
				<category><![CDATA[Commercial Property]]></category>
		<category><![CDATA[580M]]></category>
		<category><![CDATA[commercial real estate]]></category>
		<category><![CDATA[Cummins]]></category>
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		<category><![CDATA[Rocky]]></category>
		<category><![CDATA[Spending]]></category>
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					<description><![CDATA[<p>Engine maker Cummins Inc. will invest $580 million into its Rocky Mount facility off Highway 301. The move will help Cummins work toward its long-term goal of emitting zero carbon emissions across its products, as the investment will go to...</p>
<p>The post <a href="https://vrjproperties.com/cummins-spending-580m-on-rocky-mount-expansion/">Cummins Spending $580M on Rocky Mount Expansion</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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<p data-beyondwords-marker="378090e0-e596-4276-b5d0-b35b2cec698a">Engine maker <strong>Cummins Inc</strong>. will invest $580 million into its Rocky Mount facility off Highway 301. The move will help Cummins work toward its long-term goal of emitting zero carbon emissions across its products, as the investment will go to installing new equipment and upgrading the assembly line “for next-generation products,” the company said in a press release. Cummins said the move will create roughly 80 jobs. 2,000 workers currently are employed at the factory. The plant has been in operation since 1983.</p>
<p data-beyondwords-marker="03cdbf6d-2215-427c-b80c-fd8d3bd5228c">The Nash County Board of Commissioners approved incentives for the project. The county is appropriating 50% of the net increase in ad valorem taxes to the company due to the company’s investment between April 2026 and April 2032. That appropriation will total roughly $7 million.</p>
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<br /><a href="https://www.connectcre.com/stories/cummins-spending-580m-on-rocky-mount-expansion/">Source link </a></p>
<p>The post <a href="https://vrjproperties.com/cummins-spending-580m-on-rocky-mount-expansion/">Cummins Spending $580M on Rocky Mount Expansion</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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