Tiny Johnston County Town Emerges as National Security Focal Point
Benson, a small town in Johnston County, North Carolina, is on the brink of economic transformation. Historically celebrated for its Mule Days festival, this community is now poised to become a major player in the rare-earth magnet manufacturing industry.
Benson: A New National Security Focal Point
The North Carolina-based startup, Vulcan Elements, announced plans to establish a manufacturing facility in Benson. This project is part of a $918 million initiative backed by the Pentagon aimed at creating the largest factory of its kind outside China.
Economic Impact and Job Creation
The facility is expected to generate around 1,000 jobs for the town, significantly impacting its population of under 5,000 residents. This translates to a potential one job for every five residents, marking a notable shift for the local economy.
- Investment: $918 million from Pentagon backing
- Jobs Created: 1,000 new positions
- Town Population: Approximately 5,000 residents
- Proximity: 30 miles southeast of Raleigh, near I-95 and I-40
Strategic Location and Infrastructure Development
Benson’s strategic location next to two of America’s busiest interstates enhances its appeal to manufacturers. Recently, a 500,000 square-foot facility named the Crosspoint Logistics Center was completed, providing much-needed infrastructure for potential employers.
Chris Johnson, Johnston County’s economic development director, emphasized the importance of having a ready-to-use site. This development is expected to attract businesses that can operate efficiently and effectively within the community.
Growing Workforce and Regional Attractiveness
The economic landscape is shifting, with Johnston County reporting a record 124,000 employed individuals, a year-over-year increase of 15%. This surge in employment highlights the county’s ability to provide a skilled workforce, crucial for Vulcan Elements and other prospective businesses.
- Unemployment Rate: 3.5%
- Employed Population: 124,000
- Yearly Increase: 15% (largest since 1990)
Vulcan Elements’ Commitment
Vulcan Elements has committed to leveraging the local talent pool, which includes veterans from nearby Fort Bragg. Company CEO John Maslin highlighted that the region’s skilled workers played a crucial role in deciding Benson as the location for the new facility.
The U.S. government also struck a preliminary agreement to support the project. This deal includes a $50 million equity stake in Vulcan and aims to enhance access to vital materials currently dominated by foreign suppliers.
A Community on the Rise
Benson’s financial struggles may soon be alleviated by this investment. The town previously reported budget concerns but has since balanced its finances following Vulcan’s announcement. Mayor Max Raynor described this development as “the biggest thing that ever happened to us,” predicting that it will foster more businesses and restaurants.
The town’s unique historical context adds to its charm. With a commitment to preserving its heritage, Benson features a downtown area listed on the National Register of Historic Places, while embracing future opportunities for growth.
Looking Ahead
As Vulcan Elements prepares to establish its new facility, local leaders remain optimistic about Benson’s future. Community members believe this venture will not only enhance the economic landscape but will also solidify the town’s reputation as a national security focal point.
Local business owners, like Paul Boucher, have already begun investing in the community, underscoring confidence in Benson’s development. The collaboration between state and local officials, alongside private companies like Vulcan, indicates a promising horizon for this small town.
