Hendrick Motorsports plans $15M manufacturing expansion in Concord, creating 50 jobs

Hendrick Motorsports will invest $14.9 million to expand its Concord manufacturing operations in a move that will add more than 50 jobs.

Hendrick Motorsports plans to build a 155,000-square-foot facility on its Concord campus, Cabarrus Economic Development Corp. said Wednesday. The site will create prototypes, and fabricate and assemble metal structures for vehicles other than race cars.

The facility on 14 acres is scheduled to open in early 2024, according to documents submitted Tuesday to Cabarrus County Board of Commissioners. For its investment, Hendrick Motorsports will receive economic development grants from the city and county with a combined total of $449,540 over three years.

The average salary for the 50 full-time advanced manufacturing jobs is $62,000, according to the economic development group. The average salary in Cabarrus County is $46,768, according to the N.C. Department of Commerce.

Hendrick Motorsports’ investment includes the structure, machinery and equipment for the expansion at its campus at 5301 Stowe Lane.

Hendrick Motorsports has invested in specialized manufacturing programs outside of the racing industry since 2019.

“This new facility on our campus will allow us to further expand our manufacturing work and create additional career opportunities for people with specialized skills,” Hendrick Companies’ President Marshall Carlson said in a statement.

In 2021, Hendrick Motorsports teamed up with GM Defense, a subsidiary of General Motors, to begin making agile, all-terrain troop carriers called Infantry Squad Vehicles as part of a $214.3 million Army contract, The Charlotte Observer reported.

The NASCAR team built out the upper structure of the ISV with material called chrome-moly alloy steel for rollover protection.