Siemens Expands Across the Carolinas, Stable Tax Environment Incentivizes Growth
Siemens is investing $165 million to expand manufacturing across North and South Carolina, creating 350 new jobs (WRAL News).
The details: In North Carolina, Siemens will build two all-electric, carbon-neutral facilities in Raleigh and Wendell.
- The company is also expanding its Electrification and Automation U.S. headquarters in Wendell.
- In South Carolina, Siemens will open a 120,000-square-foot facility in Spartanburg and expand its Roebuck site.
The big picture: As the U.S. continues to lead the way on AI innovation, energy needs continue to rise. Siemens’ electrical equipment will be critical to meeting demand.
- These new and expanded facilities will reduce on-site installation time for power infrastructure, localize production of medium voltage protection and automation devices and increase fabrication capabilities (WSOC-TV).
The word from D.C.: “Siemens’ investment in North and South Carolina will expand America’s ability to build the critical infrastructure that powers our grid, while also creating hundreds of American jobs,” said U.S. Energy Secretary Chris Wright (WNCN).
Tax reform in action: These new investments build on nearly $700 million that Siemens has already committed to U.S. expansion. Its strong track record of investing in the U.S. has been made possible in large part by tax reform, the company says.
- “Businesses seek a stable and predictable tax code when considering investments in new and expanded manufacturing facilities,” said Siemens USA Interim President & CEO Ann Fairchild. “We were pleased to see Congress extend the competitive tax environment established in the U.S. and expand provisions important to manufacturers like Siemens and our customers. Our $165 million investment underscores our confidence in the U.S. as a competitive place to invest and grow, and we will continue to look for ways to expand how we contribute to the American economy.”
- According to a 2025 analysis released by the NAM, the Carolinas would have lost 270,000 jobs if Congress had failed to renew pro-manufacturing tax reforms.