NC: Stout Heating and Air Announces Salisbury Expansion with $2.9M Investment, 14 New Jobs | Trade and Industry Development

NC: Stout Heating and Air Announces Salisbury Expansion with $2.9M Investment, 14 New Jobs

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Aug 22, 2022
The Rowan EDC and North Carolina Governor Roy Cooper announced Thursday that Stout Heating and Air Conditioning, Inc. will be expanding within Rowan County.

The Rowan EDC and North Carolina Governor Roy Cooper announced Thursday that Stout Heating and Air Conditioning, Inc. will be expanding within Rowan County. Stout Heating and Air plans to create 14 new jobs over the next three years, as well as invest $2.9 million to acquire and expand an existing facility at 205 Cedar Springs Road in Salisbury.

Founded in Salisbury in 1984, Stout Heating and Air is a locally owned and operated company specializing in residential and commercial HVAC systems, offering repairs, installation, heating and air service, and more.

“I grew up in Salisbury and have lived in Rowan County all my life,” said Mark Stout, Owner of Stout Heating and Air. “I started Stout Heating and Air in 1984 and we have grown over the years, outgrowing our current facility. Luke Fisher, with Carrol Fisher Construction, suggested that I contact the Rowan EDC to discuss my plans for a new facility. The EDC team and City of Salisbury have been a great help though the whole process. I’m excited to expand the business in the community we love. Alongside my son and future owner Ryan Stout, Stout Heating and Air will continue to serve the people of Salisbury and Rowan County for years to come.”

The North Carolina Department of Commerce supported the project with a $75,000 Building Reuse Grant.

“Rural infrastructure grants are examples of the strong, innovative collaboration between the state and local governments that have helped North Carolina to be recognized as America’s top state for business,” said N.C. Commerce Secretary Machelle Baker Sanders. “We are proud to partner with rural communities to bring new jobs and investment to all corners of our great state.”

The City of Salisbury has assisted the project by authorizing the submittal of the grant application to NC Commerce and authorizing the hiring of a grant administrator to oversee the project for an amount not to exceed $6,000.

City of Salisbury Mayor Karen Alexander expressed her gratitude for the company’s investment: “Congratulations to Stout Heating and Air on their multimillion-dollar expansion and addition of 14 jobs.”

“We want to thank Stout Heating and Air for selecting Rowan County for their expansion,” Rowan EDC President Rod Crider added. “They have provided an essential service in our community for more than 35 years, and we look forward to working with them for many more years.”

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