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Siemens Energy Weighs $65M Rural Hall, NC Investment

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Source: Hoodline

Siemens Energy is considering a $65 million investment to expand its gas turbine service and production facility in Rural Hall, and Forsyth County commissioners are now weighing an eight-year incentives package tied to the project. The German manufacturer's site in the small Forsyth County town has become a focal point as the company works to keep pace with surging demand for the turbines it builds and services. The potential investment was first reported by Triad Business Journal, which covers the proposal under its manufacturing coverage. The outlet reports that the Forsyth County Board of Commissioners is considering the eight-year incentives package as part of the county's response to Siemens Energy's interest in expanding its Rural Hall footprint. A Bigger Pattern of Investment in North Carolina The Rural Hall proposal would build on a much larger commitment Siemens Energy has already made to the state.

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