Overland will officially make its home Garner this summer.
The Garner town council voted to allow the mayor to authorize an agreement between the town and Overland Contractors, that will pay $70,000 in incentives to help in the investment of the company in the town. Overland received a grant from the state’s One North Carolina Fund for $70,000. It was mandatory that Garner match it.
Overland provides engineering, procurement and construction services for the power and telecommunications industries and water utilities. The corporate headquarters is currently in Conyer’s Ga., outside Atlanta. Overland is a subsidiary of privately held Black & Veatch, a Fortune 500 company, which generated $3.6 billion in revenue last year and employs more than 10,000 workers.
Black & Veatch, which is best-known for its engineering services, already has more than 200 workers in North Carolina: 185 in Cary and 25 in Charlotte. Those existing workers – which are Black & Veatch employees, not Overland employees – will remain at their current locations.
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Overland is making an $8.4 million investment in its new corporate home in Garner. The investment provides benefits to the town in the enhancement of the town’s taxable property valuation and also the town’s business prospects and employment opportunities.
Sean Terrell, Vice President and Director Construction and Procurement Operations at Black & Veatch, said a little less than half of the employees are transferring from Atlanta, a few from Kansas City and a little more than half will be recruited locally.
“We’re in the process of recruiting right here, locally today,” he said. “We’re looking at some of our HR resources, admin and some of our technical staff.”
According to the agreement, Overland will employ 80 of the 89 workers by December 5, 2017 and agrees to pay them at an average annual full-time salary of $71,845.
“We’re excited to have those jobs and those potential residents coming to our community and that amount of investment that is going to increase our tax base,” Assistant Town Manager Rodney Dickerson said.
Dickerson had previously said he hoped it was a sign Garner was coming out of the economic downturn and would encourage other companies to make similar investments in the town.
“We commend you for looking at our park site out there,” Mayor Pro-tem Ken Marshburn said to Terrell. “We think you chose wisely...It looks like something that we are proud to have come to Garner.”
Overland is leasing a 62,000-square-foot building and a 12.5-acre supply yard at the Greenfield North Business Park on North Greenfield Parkway in Garner. The company will open in July and plans to employee all 89 employees within the next four years.