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VinFast is Building A $4B Auto Plant In Moncure, NC
- Thread starter Get Off My Lawn
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fishgutzy
Senior Member
An immigrant from India up in the Chicago are brought in Indians for all the jobs at his company and paid them what they would earn in Indian. That was a fraction of minimum wage. Even professional with masters and PhD's. They didn't speak English, were kept isolated.
Things to watch out for is the company building dorms on the campus.
They chose that area because it is more rural and not many big employers in that area. There will be dozens of very low wage Vietnamese brought in. It is run by communists. They will do what communists do. And the abused labor they bring in will not complain. It is a lot nice here than in Vietnam.
Great! More yankees! :-(
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Even worse! San Franciscans!
I am always suspicious of these things. I know I am a huge cynic. Tax giveaways to out of state or in this case international companies that are basically selling a vaporware product.
Giving away money to huge tech companies on vague promises of "hiring" and phony pay scales seems to be a thing politicians fall for over and over. From the local commissioners to the governor they have no problem spending tax payers funds. Never forget Cooper is running for a Senate seat or will be shortly.
Meanwhile local small businesses or companies that have been in the area for a long, long, long time struggle to stay afloat.
I'll go out on a limb here and say these grifters will move on after skimming as much fed/state "green" money as they can. I'll bet they never build a single "auto" and would be shocked if they get battery production running. I think a lot of these companies coming to this area will bail in a heartbeat if the economy really starts to slow. At best they'll "delay" their plans or "re-adjust" priorities in timelines.
And I'm with the other poster that wonders why they keep building on green fields instead of tearing down or renovating existing empty sites that were previously used for production. It's a waste. (Yes I know that there are valid reasons, I get it. Still doesn't mean that it shouldn't be looked at, pressed by state/local government. )
I'll be that cranky old guy and say in the coming recession/possible depression the "Triangle" area is going to get burned, very badly, by the economic downturn. This area has been very fortunate in the past to escape or just barely be touched by poor economic periods. It's not the late 70's - 2010's anymore. The triangle got nicked enough to feel it back in 2008-2010 especially if you were one of the "tech layoffs" victims. I still remember a few housing developments that stopped and lots of 'for sale' signs during that period.
This time I think it's going to be way worse, too many "tech" and "bio-pharm" zombies are going to fall down and die on this one. When all the 'downtown' "app" companies go belly up, there's going to be the discovery that NC isn't immune to financial forces beyond it's control. I'm thinking the crying and wailing will be epic as "equity" vanishes into the dust.
Damn I sound like a doomer. I blame it on my grandfathers, they were such cranky old guys about overpromising and underdelivering, contrary to my father who was all about new growth and bought into every two bit scheme there was. Sorry to such a downer and naysayer, I'll just go sit in the corner while the circus is in town.
Giving away money to huge tech companies on vague promises of "hiring" and phony pay scales seems to be a thing politicians fall for over and over. From the local commissioners to the governor they have no problem spending tax payers funds. Never forget Cooper is running for a Senate seat or will be shortly.
Meanwhile local small businesses or companies that have been in the area for a long, long, long time struggle to stay afloat.
I'll go out on a limb here and say these grifters will move on after skimming as much fed/state "green" money as they can. I'll bet they never build a single "auto" and would be shocked if they get battery production running. I think a lot of these companies coming to this area will bail in a heartbeat if the economy really starts to slow. At best they'll "delay" their plans or "re-adjust" priorities in timelines.
And I'm with the other poster that wonders why they keep building on green fields instead of tearing down or renovating existing empty sites that were previously used for production. It's a waste. (Yes I know that there are valid reasons, I get it. Still doesn't mean that it shouldn't be looked at, pressed by state/local government. )
I'll be that cranky old guy and say in the coming recession/possible depression the "Triangle" area is going to get burned, very badly, by the economic downturn. This area has been very fortunate in the past to escape or just barely be touched by poor economic periods. It's not the late 70's - 2010's anymore. The triangle got nicked enough to feel it back in 2008-2010 especially if you were one of the "tech layoffs" victims. I still remember a few housing developments that stopped and lots of 'for sale' signs during that period.
This time I think it's going to be way worse, too many "tech" and "bio-pharm" zombies are going to fall down and die on this one. When all the 'downtown' "app" companies go belly up, there's going to be the discovery that NC isn't immune to financial forces beyond it's control. I'm thinking the crying and wailing will be epic as "equity" vanishes into the dust.
Damn I sound like a doomer. I blame it on my grandfathers, they were such cranky old guys about overpromising and underdelivering, contrary to my father who was all about new growth and bought into every two bit scheme there was. Sorry to such a downer and naysayer, I'll just go sit in the corner while the circus is in town.
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OP
They are clear cutting A LOT of trees, but the site was Performance Fibers manufacturing facility.
They're worse politically but with less annoying accents.
This is a good post. My understanding is the county gave away 10 years of no taxes at all for this operation to move in. No revenue generation for ten years, yet the fire department has to provide service, the Sheriff’s office has to provide services, First Health has to provide services, Chatham County Schools has to provide services, Chatham County has to provide services for ten years for free. A big gamble and for us resident’s sake I hope it pays off.
I am sorry that Moncure is turning into Holly Springs. Moncure is a beautiful place. I am happy I live in Bonlee but wished I owned 100 acres in Moncure!
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OP
Add to that all the road upgrades. We got a form letter about a month ago that folks may be walking our property surveying for road upgrades.
Lol typical.
Your post is full of look at this group of people taking advantage of US. Look at how we will suffer, look, look, look. Damn political scum.
And you end with the wish you could sell 100 acres of land for your personal gain from the political scum's policy.
Typical.
John
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Tesla was well funded and they had issues getting up and running, then more problems, will take this new company a lot longer then Tesla.
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How Vietnam's VinFast wants to reach America's EV mainstream | Autoblog - Autoblog
Vietnam-based VinFast plans to start selling electric cars in America by the end of 2022. We take a behind-the-scenes look at the company.www.autoblog.com
Looks like they may not have too many manufacturing jobs.
View attachment 466472
But skilled robotics technicians will probably be needed.
View attachment 466468
On the plus side, not as many woke folks moving to chatham county.
OP
WRAL had something in the news yesterday. Friggin' theiving FuddEx is putting up a distribution center now 
wraltechwire.com
wraltechwire.com
wraltechwire.com
It’s official: FedEx Ground will lease facility at Triangle Innovation Point, near VinFast | WRAL TechWire
FedEx Ground will lease an approximately 340,000 square foot building at Triangle Innovation Point West, close to the future VinFast automotive plant. Commercial real estate firm JLL announced the lease agreement on Tuesday. Here are the details.
wraltechwire.com
Chatham County will juggle job growth, growing pains as VinFast builds $4 billion SUV plant | WRAL TechWire
New developments are popping up across Chatham County before VinFast’s first workers are hired for the company’s new electric SUV factory in Moncure. U.S. Census Bureau data shows the county has grown significantly in the last decade: The county had about 63,505 people as of April 2010. It has...
wraltechwire.com
‘Four months of work in three weeks’: How North Carolina landed VinFast, the company building a $4 billion Chatham County automotive plant | WRAL TechWire
VinFast is promising to build fully-electric SUVs at a megasite in Chatham County, creating 7,500 jobs in five years.
wraltechwire.com
Well the good news is our property values should continue to increase. Hopefully when you're ready to sell & move "up north" LOL, some big wheel will pay mad money for your place. I had planned to live out the rest of my days right here, but it's really hard not to sell this place and use the equity to pay cash for another place far away from development. @Crazy Carl 's posts sure do make MO look tempting.WRAL had something in the news yesterday. Friggin' theiving FuddEx is putting up a distribution center now
It is definitely the kinda place that quite a few of us on here would find right up their alley. Only 3 blue counties- Jackson, Boone & St Louis (KCMO, Columbia & STL), so it's fairly easy to avoid what few libtards we have.
Jobs get scarce the further you get away from town, but taxes are low, laws are very liberal (classic definition, not libtard), folks are friendly & all the hunting & fishing you can stand.
Think it's a state law that any burg >250 souls has to have a gun store. Bait shop as well, if within 10 miles of a lake or navigable river.
This "Road Improvements" page is pretty short on details, I'm still looking for the actual plans drawings.
It does look like it's going to be a real PITA to get to the dang dump soon.
It does look like it's going to be a real PITA to get to the dang dump soon.
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OP
Kim
Well there you go with all that negativity again. Buttagigit says we all are.
Anyone ever seen a "VinFast" anywhere other than a car site like AutoBlog, Autoweek, or Car and Driver? No? A dealership or display store like at least Tesla? No? Ever even heard of Vinfast before Pooper/Pols gave them Millions? No?
You might see people buying a Volvo (Chinese), a Ford, a Chevy, a Toyota, a Honda, maybe even a Mazda EV. We know they will buy a Tesla, they sorta got there first so have the mind set now. But a bunch of no name EVs?
Someone better get busy with marketing and advertising otherwise there will just be a stack of EVs sitting in a field in Chatham county.
Look at the bright side, it's near Woody's and they can be used for "training" or targets.
People forget that we are the 9th most populated state, and that some sights have us showing 11.38% growth since the start of 2022.Geez Louise! We built our 20 ac, riverfront, forever home in a gated neighborhood 6 years ago in sleepy 'lil Moncure. Its quiet, peaceful, LOW traffic, sitting out at night the stars are bright. By next year if someone sends an errant round over my range, it'll go into the new plant.
Chatham Co is also building a large park next to this facility as well.
VinFast Is Set To Build Its First US Factory in North Carolina
The Vietnamese startup is making big moves to establish a presence in the US market.www.thedrive.com
The timing's interesting, we're getting ready to break ground on a model timber home my wife will be using to sell new homes. Maybe one of the Vinfast execs would like to pay the current crazy real-estate prices. I hate to leave the area.
Heads up neighbors @Cape Fear @Deepriver @Scsmith42
Our 'lil ole Andy Griffeth post office will go by the way as well.
View attachment 456811
It’s only going to get worse folks
I'm with y'all. I've been speculating since the news broke on this thing that it's some big money laundering thing funded by NC taxpayers. Or some clever graft by the VinFast people & politicians.
All the millenials that have been buying houses around here for $750k and up. When the economy turns they’ll trade in their SUV’s for little econo-boxes to save some $. They’ve never seen high interest rates or hard times.
Well, I will copy and paste from #23 in this thread:
LOL, I can remember saying that about Hyundai back in 1986....That didn't age well.
They may or may not make it. Only time will tell.
In 15 years some of the big names might have gone the way of Plymouth, Saab, Saturn, Pontiac, Isuzu.....
LOL, I can remember saying that about Hyundai back in 1986....That didn't age well.
They may or may not make it. Only time will tell.
In 15 years some of the big names might have gone the way of Plymouth, Saab, Saturn, Pontiac, Isuzu.....
Doesn‘t Duke Energy/Dominion own a whole bunch of land around Harris Lake and the plant? Why could the State use eminent domain to snatch that land? 🤨
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Once they announced the project, I knew it wouldn’t be long before people would start to lose their land to eminent domain. There is no way right way to do the wrong thing. But at minimum, the land owners should be given the same percentage land values increased in that area each year, for the rest of their life.
'I'm not pleased': NC to buy Chatham Co. homes, businesses to make way for automaker, widen roads
The state is using eminent domain to buy five businesses and 27 homes in the Merry Oaks community.abc11.com
Not sure where. I think around here:
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OP
Apparently there was a meeting to discuss all of this in Pittsboro. Folks found out about it from neighbors placing flyers at gas stations. Chatham didn’t have the Effin’ decency to inform those of us that live here.
Thankfully I just got permit clearance for our septic field in Wake Forest. Chatham can POS up a rope.
From the News & Disturber:
They knew that the state had persuaded the Vietnamese automaker VinFast to build a massive factory in their corner of Chatham County. They knew the roads around the site would be changing; some had even seen surveyors or the wooden stakes they left behind. But only in the last week did residents of Moncure and Merry Oaks see what the N.C. Department of Transportation plans to do in their communities. More than 250 showed up to a meeting in Pittsboro on Tuesday to see large maps of the network of roads and highway interchanges NCDOT says are needed to improve access to the 2,150-acre site. Another 80 tuned in to a virtual meeting Thursday. TOP VIDEOS Top Videos × They studied the maps to see where the right of way for the new roads, shown in bright green, overlapped with their homes and land. Altogether, NCDOT estimates it will need to take 27 homes and five businesses and move Merry Oaks Baptist Church. To ease access to the planned VinFast electric vehicle plant in Chatham County, the N.C. Department of Transportation wants to replace Exit 84 from U.S. 1 (bottom center) with a new interchange at New Elam Church Road, which would be relocated and extended over old U.S. 1 into the site (left). NCDOT Get unlimited digital access Subscribe now for just $2 for 2 months. CLAIM OFFER “They’re going to mess up a good home place,” said Lena Stone, who stands to lose four houses — hers and three rental properties where NCDOT plans to widen Pea Ridge Road. Stone has lived there since 1973, and the property has long been a family gathering place, said her daughter, Rhonda Mitchell. Like many who came to the Chatham County Agricultural and Conference Center on Tuesday, Mitchell said she had only learned of NCDOT’s plans a few days earlier. “I was in shock. I cried all weekend,” she said. “It’s just going to change the whole community.”
Dhillon Singh Hardip learned about Tuesday’s meeting from a flyer someone posted in his Sky Mart convenience store at Exit 84 from U.S. 1. The maps show Hardip will lose all 20 of the gas pumps he installed in 2008. There’s room on the lot for new pumps, but it will mean demolishing and rebuilding the store. “I have to redo everything,” he said. “Totally everything. 100%.” Hardip lives nearby and is invested both financially and emotionally in the area, where he owns several pieces of property. He feels like he has no choice but to rebuild.
N&D won’t let me copy any more text.
Read more at: https://www.newsobserver.com/news/business/article264660354.html#storylink=cpy
Thankfully I just got permit clearance for our septic field in Wake Forest. Chatham can POS up a rope.
From the News & Disturber:
They knew that the state had persuaded the Vietnamese automaker VinFast to build a massive factory in their corner of Chatham County. They knew the roads around the site would be changing; some had even seen surveyors or the wooden stakes they left behind. But only in the last week did residents of Moncure and Merry Oaks see what the N.C. Department of Transportation plans to do in their communities. More than 250 showed up to a meeting in Pittsboro on Tuesday to see large maps of the network of roads and highway interchanges NCDOT says are needed to improve access to the 2,150-acre site. Another 80 tuned in to a virtual meeting Thursday. TOP VIDEOS Top Videos × They studied the maps to see where the right of way for the new roads, shown in bright green, overlapped with their homes and land. Altogether, NCDOT estimates it will need to take 27 homes and five businesses and move Merry Oaks Baptist Church. To ease access to the planned VinFast electric vehicle plant in Chatham County, the N.C. Department of Transportation wants to replace Exit 84 from U.S. 1 (bottom center) with a new interchange at New Elam Church Road, which would be relocated and extended over old U.S. 1 into the site (left). NCDOT Get unlimited digital access Subscribe now for just $2 for 2 months. CLAIM OFFER “They’re going to mess up a good home place,” said Lena Stone, who stands to lose four houses — hers and three rental properties where NCDOT plans to widen Pea Ridge Road. Stone has lived there since 1973, and the property has long been a family gathering place, said her daughter, Rhonda Mitchell. Like many who came to the Chatham County Agricultural and Conference Center on Tuesday, Mitchell said she had only learned of NCDOT’s plans a few days earlier. “I was in shock. I cried all weekend,” she said. “It’s just going to change the whole community.”
Dhillon Singh Hardip learned about Tuesday’s meeting from a flyer someone posted in his Sky Mart convenience store at Exit 84 from U.S. 1. The maps show Hardip will lose all 20 of the gas pumps he installed in 2008. There’s room on the lot for new pumps, but it will mean demolishing and rebuilding the store. “I have to redo everything,” he said. “Totally everything. 100%.” Hardip lives nearby and is invested both financially and emotionally in the area, where he owns several pieces of property. He feels like he has no choice but to rebuild.
N&D won’t let me copy any more text.
Read more at: https://www.newsobserver.com/news/business/article264660354.html#storylink=cpy
Chuckman
Senior Member
Infrastructure. Easements. Run-off and drainage. Stormwater ponds. Utilities. It all takes space, and not the space on which they will build the actual facilities.
This article has some pictures that I think depict the impacted areas: https://chathamjournal.com/2022/08/...their-homes-their-farms-and-their-businesses/
This is just plain wrong and it should be stopped, by any means necessary.
This is just plain wrong and it should be stopped, by any means necessary.
recreationalhandgrenade
Well-Known Member
They'll lock land up for years saying you can't sell it to anyone but them and make you pay taxes on it. The state was never your friend.
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The state and county probably already told them they dont have to pay any taxes*
The workers also arent going to invest or participate in the surrounding community.
The workers also arent going to invest or participate in the surrounding community.