News

County lands $36M investment, 92 jobs at Broadpoint

By Lightning Reports, Published: February 22, 2023

A global leader in the design and manufacturing of RFID (radio-frequency identification)  inlays and tags will open its first U.S. manufacturing facility in the former Continental Automotive Systems building (now called Quality Point), the Partnership for Economic Development announced.

Headquartered in France, Tageos plans to invest $33.75 million in machinery and equipment and $2 million in real property improvements by 2028. Additionally, the project will create 92 new jobs in Henderson County with an average annual wage of $67,000, more than 40 percent above the county-wide average.
 
“Henderson County is the optimal location to efficiently serve our North and South American customer base," Tageos CEO Matthieu Picon said. "This new facility will also help us to further accelerate our sustainability mission of producing products in the same region where they are used. With that, customers can truly benefit from the fact that our RFID inlays and tags will be available quickly and sustainably. Hence, we believe this expansion will be a very positive and monumental driver in the market."
 
Located in Broadpoint Industrial Park, Quality Point contains more than 338,000 square feet of manufacturing and headquarters space. The building will be owned and operated by Clark Capital, who has been strategic in recruiting tech and clean industry companies that are synonymous with the assets and values of Henderson County. Tageos will be the first manufacturing tenant, securing over 50,000 square feet. The building, now subdivided, still boasts available space including: 30,000 square feet of tech space, 21,000 square feet of office space, and up to 150,000 square feet of manufacturing space.
 
“The Town of Fletcher is thrilled to see new life at Quality Point. With strong infrastructure in place, this building is unlike any in our region. Tageos is the first of many companies that will find their new home here,” Mayor Preston Blakely said.
 
County Commission Rebecca McCall said: “Henderson County’s strong economy and thriving manufacturing community continue to attract companies from all around the world, just like Tageos. Their decision to invest in our county will significantly strengthen the high-tech sector, and the new jobs will improve the quality of life for all citizens,” stated

The project was supported with an economic development assistance grant from Henderson County and the Town of Fletcher. In addition, the company is receiving a One NC grant through the N.C. Department of Commerce and customized training through at Blue Ridge Community College. The grants provide financial assistance to companies expanding or relocating to Henderson County and are based on job creation and pay and capital investment. Companies receive no money upfront, must meet established targets, and pay taxes before receiving reimbursement.