Sept. 27. Roush Yates Engines is investing $3.5 million in its facilities in Lakeside Business Park and Talbert Pointe in Mooresville, creating 10 new jobs.

This investment will be used to expand Roush Yates Engines three state-of-the-art facilities by investing in new equipment acquisitions and renovations, as they continue to be a global leader in race engine design, manufacturing, and innovation. Total incentives from Iredell County and Mooresville add up to $157,000 over five years.

Roush Yates Engines has been located in Mooresville for over 10 years and employs 185. Roush Yates Engines supplies the NASCAR Ford FR9 EFI V8 Sprint Cup engines to Roush Fenway Racing, Team Penske, Richard Petty Motorsports, Wood Brothers Racing, Front Row Motorsports, and Go Green Racing along with other major teams in Xfinity and Camping World Truck Series. In 2017, they will also power Stewart Hass racing in the NASCAR Sprint Cup and Xfinity Series.

In addition, Roush Yates Engines also provides the twin-turbo Ford EcoBoost V6 engines for Ford Chip Ganassi Racing in the IMSA (International Motor Sports Association) and FIA (Federation Internationale De LÁutomobile) Road Racing series, powering the Ford GT supercar.

“The Town of Mooresville and Iredell County are important to our company and employees. Both have been great partners of Roush Yates Engines for many years. We look forward to providing additional jobs and increasing our investment to support our business,” said Doug Yates, president and CEO of Roush Yates Engines.

James Mallory, chairman of the Iredell County Board of Commissioners, said he is excited to see an existing company expand their manufacturing capabilities. “Their investment is expected to bring good, high paying jobs to Iredell County,” he said.