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February 13, 2013

Nash bringing 29 new jobs to Anaconda Road

ROCKY MOUNT — There’s a change under way on Anaconda Road.

The sign announcing the upcoming arrival of Nash Building Systems went up several weeks ago and after Gov. Pat McCrory and North Carolina Commerce Secretary Sharon Decker sent out the press release last week, it became official.

Nash Building Systems Inc., a manufacturer of metal roofing, metal building components and pre-engineered steel buildings owned by Tarboro businessman Brent Nash, Jr., will move its operations to 1801 Anaconda Road at the end of March.

“We’re excited about being able to complete this,” Nash said Tuesday.

The 241,758 square foot building located on 5.55 acres is the former home of Saving Source Direct and has been vacant since Cox Enterprises sold the coupon house in 2009.

Nash plans to create 29 jobs and invest $2.2 million over the next three years. The project was made possible in part by a performance-based grant from the One North Carolina Fund of up to $100,000. The grant is contingent upon proof of job creation and receipt of a local funding match.

 “Our business continues to grow even in these tough economic times,” Nash noted. “The strong agricultural community and our product mix has helped fuel that growth. The market for growing businesses is very competitive and the One NC Fund helped North Carolina win out over other states for the new location of this business. We look forward to continued success in Tarboro where we enjoy real business opportunity as well as a community focused on family.”

McCrory said it was important for North Carolina companies to help grow the state’s recovery.

“It’s always encouraging when homegrown companies choose to reinvest here in North Carolina,” he said.

Nashco, Inc. got its start erecting steel buildings more than 25 years ago. After the construction market slowed in 2008, Nashco started looking into manufacturing of metal building components. Nash Building Systems, incorporated in 2013, currently employs more than 10 people in Tarboro. The company will manufacture metal roofing products, metal building components and a pre-engineered metal building package.

“The N.C. Department of Commerce is committed to working with manufacturers to help them create new jobs and compete in a global economy,” said Sharon Decker, N.C. Secretary of Commerce. “We congratulate Nash Building Systems for investing in North Carolina once again.”

Salaries will vary by job function, but the average annual wages for the new jobs will be $37,286, plus benefits. The average annual wage in Edgecombe County is $34,660.

The One NC Fund provides financial assistance, through local governments, to attract business projects that will stimulate economic activity and create new jobs in the state. Receipt of the One North Carolina Fund grant will be based on state-certified proof that the company has fulfilled incremental job creation and local funding match requirements.

Other partners that helped with this project include: the N.C. Department of Commerce, N.C. Community Colleges, Edgecombe County, Town of Tarboro and the Carolinas Gateway Partnership.

Nash began his career in Tarboro in the real estate and insurance business. When the opportunity presented itself, he obtained his general contractor license and began building residential and commercial properties under the NASHCO name. One of his jobs was for a metal structure and he enjoyed this type of construction so much that over the next 20 years, NASHCO contracted to build all types of metal structures throughout the region. Because of the recession, the total number of NASHCO projects dropped significantly in recent years. To keep his company going, Nash conducted an in-depth analysis of NASHCO. By doing so, he realized the company was purchasing a considerable amount of metal building components and accessories each year for his customers to repair existing structures. And during this period, a large national metal building manufacturer with a plant in Rocky Mount has to downsize its labor force, he saw an opportunity to go in a new direction and launched Carolina Metal Building Components in 2009 and staffed it with several of the laid off metal building specialists.

(Material from the Brent Nash nomination for NorthEastern Entrepreneur Roundtable’s NEER Entrepreneur of the Year nomination was incorporated into this story.)

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