Berkshire Hathaway’s Clayton, a national builder of off-site and site-built homes, is building a new facility for manufactured housing in Stanly County, North Carolina.
The $46.6 million project to be located in New London for Clayton’s subsidiary Clayton Supply, will add a projected 263 jobs.
The state of North Carolina will reimburse Clayton Supply roughly $2.1 million over the next 12 years if the company meets job projection and investment goals. The company will also receive a state grant of $229,300 for infrastructure upgrades.
The new facility is projected to grow the state’s economy by $649 million over the 12-year term of the grant.
© 2023 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.