Trivium Corporate Center (formerly Park 1764) Information

Trivium Corporate Center is a 270-acre Class A business park, located between Robinwood Road and Startown Road, which is being jointly developed by the City of Hickory, Catawba County, and the EDC.  Formerly known as Park 1764, Trivium Corporate Center is zoned for office and light industrial, and will be marketed by the EDC as an ideal location for corporate headquarters and advanced manufacturing, due to its convenient location. The name, Trivium Corporate Center, was selected to convey the industrial park’s modern facilities and advanced capabilities.  The Latin word trivium means “the place where three roads meet,” which reflects the location of the Corporate Center at the intersection of I-40, Hwy 70, and Hwy 321, as well as its approved strapline, “Making. Working. Better.” 

The City has limited areas for existing business to grow into and where new business can be located.  It’s true that Hickory has had many empty manufacturing buildings; however, most of these are obsolete and no longer meet the needs of new businesses.  Many companies also want to be in a business park, where, just like a neighborhood, they know what types of industry their neighbors will be and that development will be controlled.

Trivium Corporate Center is a joint development of the City of Hickory, Catawba County, and the Economic Development Corporation, as one of the four City of Hickory bond projects.  The City has allocated $4.5 million of the bond funds to Trivium Corporate Center.

The City of Hickory and Catawba County entered into an agreement on March 21, 2016 to equally cover the cost of development, with each contributing $547,385, for sanitary sewer outfall extension to the site and an entrance road development with landscaping off Startown Road.

The City and the Catawba County Economic Development Corporation (EDC) were awarded a grant from the North Carolina Industrial Development Funds in the amount of $671,920 with a matching requirement of 100 percent.  The grant proceeds will be used for sanitary sewer outfall extension to the site in the amount of $361,900 and entrance road development with landscaping off of Startown Road in the amount of $310,020.

By providing the necessary infrastructure, the EDC’s marketing efforts will be enhanced and Trivium Corporate Center will be more attractive to prospective businesses.  Ideally, multiple advanced manufacturing industries will purchase parcels within the 170 acres tract.

However, if the land fails to be sold by 2021, the City and County will be obligated to purchase the land at $3.8 million ($1.9 million each) for the full 170 acres or will purchase the remaining parcels of the land that have not been sold. Since the final cost to the City is in flux until 2021, there may be some flexibility with the $4.5 million bond dollars allocated for the business park.

An official ground breaking ceremony was held on May 16, 2018 to celebrate the the start of construction for Trivium Corporate Center .  The historic ground breaking also marked the beginning of construction on the first of four City of Hickory bond projects.

On August 14, 2018, Corning Incorporated was announced as the first tenant in Trivium Corporate Center.  Corning plans to build a cable manufacturing facility in the park for its Optical Communications business segment, creating approximately 110 jobs over the next five years and investing $60 million in this location.

On December 20, 2018, ITM Isotopen Technologien München AG (ITM), a group of specialized radiopharmaceutical companies, was announced as the second tenant in the business park.  ITM plans to construct a manufacturing facility in the park, its first facility in the United States, for the production of a new generation of targeted radiopharmaceuticals for the treatment of cancer patients.  ITM plans to create 137 jobs and invest $12 million in machinery and equipment over the next five years, and an additional $5 million in new facility construction in this location.

 


Corning site construction - August 2019


ITM site construction - July 2019


Entrance into Trivium Corporate Center


Trivium Corporate Center site plan

Trivium Corporate Center Information

 

 

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