MOORESVILLE, N.C. – Mooresville-South Iredell Economic Development Corporation (MSIEDC) announced today that Sharp-Gallaher Racing will relocate from Denver, N.C. to Mooresville, Iredell County.
Sharp-Gallaher Racing will be purchasing the 126 Exmore building located in the Deerfield Business Park and plans to expand the existing facility to 46,000 square feet of manufacturing and office space.
Sharp-Gallaher Racing’s investment will be approximately $3.1 million. The project is expected to bring 25 new, full-time jobs from their existing facility and add an additional 15 jobs to the new Iredell facility with an average annual salary of $57,600 per year.
“It’s a pleasure to have a Company like Sharp-Gallaher Racing locate in the Mooresville Community. They bring high-skill, high-wage jobs to the area along with an amazing reputation in the racing community. We look forward to celebrating their success on the track and in our community,” said Executive Director Robert Carney.
The Iredell County Board of Commissioners and Town of Mooresville Commissioners approved an Industrial Incentive Grant for Sharp-Gallaher Racing in open session on September 16 and September 17.
“We are looking forward to relocating to Mooresville (N.C.),” said Eddie Sharp Jr., NASCAR Camping World Truck Series team co-owner. “It is the heart of the motorsports industry, and will be an honor to be headquartered in Race City USA with some of the best teams in our sport. The location will allow us to be closer to our vendors and draw the caliber of employees that we are looking for as we continue to grow as a company.”
Mayor Miles Atkins said, “Mooresville continues to be a prime business location for the racing industry. We have clusters of advance manufacturing partners that support the racing sector and make Mooresville an attractive business location for the teams. Our Mooresville South Iredell Economic Development staff does an outstanding job recruiting and retaining leading industries.”