Real Estate

Corvid will invest $29 million in Mooresville HQ

March 27. Corvid Technologies will officially move its headquarters to Mooresville where it already has a sizable campus. The $29 million investment means 367 new jobs in physics-based engineering solutions for the defense, automotive, aircraft and biomedical industries.

“North Carolina is the perfect choice for Corvid, thanks to our world-class universities, major military installations, and highly skilled workers,” said Gov. Roy Cooper said. “I’m pleased Corvid decided to keep growing right here by bringing more good-paying engineering jobs and its headquarters to Mooresville.”

The new campus will be in the Langtree area. A State Job Investment Incentive Grant will provide $9 million in support of the project which also  qualifies for local incentives. A total for those grants wasn’t disclosed.

Corvid provides technology-based solutions to a variety of customers in the Department of Defense, including the Missile Defense Agency, Navy, Army, Air Force, Marines, and Special Operations Command. In addition, Corvid supports ongoing projects and customers varying from motorsports to U.S. Olympic teams to the Defense Advanced Research Projects Agency. Corvid currently has 145 engineers and scientists with 75 percent holding advanced degrees across a variety of STEM fields.

The company will continue to grow in South Iredell, according to Dr. David Robinson, CEO. “The business-friendly climate at the local, county, and state level combined with access to premier engineering talent coming out of the nearby university systems were all major factors in our decision to locate the company headquarters in the area,” he said.

Corvid’s main campus in Mooresville is augmented with offices in Virginia, Alabama, California and Hawaii.

The Mooresville location will be Corvid’s main campus and headquarters. The project will include two, three-story buildings, a data center for high-performance computing, a mechanics lab, and a prototyping lab. Corvid will recruit best-in-class engineers and scientists from top universities, including North Carolina State University, University of North Carolina at Chapel Hill, Duke University, Wake Forest University, Virginia Tech, Georgia Tech, and Clemson University.

“It’s no coincidence that Corvid chose North Carolina, home to some of the nation’s largest military bases and leaders in aerospace and automotive industries,” said North Carolina Commerce Secretary Anthony M. Copeland. “Our state has the talent and business climate Corvid needs to succeed.”

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