North Carolina officials on Tuesday ended $9 million in job creation tax incentives for a Charlotte-area defense contractor after the company failed to meet hiring requirements.
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The N.C. Economic Investment Committee voted to terminate the Job Development Investment Grant for Corvid Technologies in Mooresville in the Lake Norman area. Corvid specializes in design, prototyping, testing and computational physics for industries ranging from missile defense to motorsports.
The move follows Corvid’s 2018 announcement where the private company pledged to spend $28.9 million to expand its headquarters and create more than 300 jobs over a dozen years. The project planned to include two three-story buildings, a high-performance computing data center, a mechanics lab and a prototyping lab.
In exchange for the expansion, Corvid was set to receive a state incentive package of just over $9 million.
Although Corvid maintains operations in the state, the company informed North Carolina officials that it was unable to meet its job creation targets under the grant. The company received two grant payments totaling $126,745, which it has paid back, according to the committee.
Corvid officials did not immediately respond to a request for comment Tuesday.
North Carolina uses Job Development Investment Grants (JDIGs) as its primary incentive to attract expanding businesses. Since the program’s inception in the early 2000s, most companies have failed to reach their original hiring or investment targets and ultimately did not receive the full grant funding.
North Carolina has terminated tax incentives for several other companies in the Charlotte region this year, including vacuum cleaner and floor care maker TTI Floor Care North America, beverage packaging manufacturer Ball Corp., auto catalyst producer Cataler North America Corp., plastics manufacturer Dymax Corp., technology company Atom Power, and window manufacturer JELD-WEN.
This is the second time Corvid lost tax grants for not meeting performance goals.
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Last month, the state economic investment committee certified nonpayment for a 2024 tax incentive related to Corvid’s separate announcement of a $30 million expansion at its Lake Norman complex, where it pledged to add 55 jobs while retaining 367 positions.
Although the company has doubled its planned investment — spending over $59 million on facilities in North Carolina — it added only 221 eligible roles, fewer than anticipated, Corvid said in a letter to the state explaining the shortfall. “The COVID pandemic delayed government flight test missions and other defense projects … directly impacting Corvid’s hiring,” the company said.
Part of the company’s recent expansion included last year’s opening of a $45 million, 250,000-square-foot manufacturing facility on Langtree Campus Drive at its Mooresville campus, near Interstate 77.
Last year, Corvid also was awarded a $268 million U.S. Navy contract through February 2030 for sub-orbital vehicles, with the majority of the work done in Mooresville. This followed a previous $223.3 million contract Corvid secured in 2019 to supply sub-orbital flight vehicles.
Corvid was founded in 2004 and now has 10 locations with more than 400 engineers and scientists.
This story was originally published September 22, 2026 at 1:10 PM with the headline “Another Charlotte-area company failed to deliver on jobs. NC kills $9M incentive.”
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