RALEIGH – Energy drink giant Red Bull and filling company Rauch will build a huge manufacturing, production and distribution campus near Charlotte, investing some $740 million and creating more than 400 jobs.

The facility will be built in Concord.

“Global manufacturers need a world-class workforce to support their expansion plans,” said Governor Roy Cooper, who announced the deal Tuesday. “In North Carolina, Red Bull and Rauch have chosen the largest manufacturing workforce in the Southeast and a resilient business climate with an excellent transportation infrastructure to support their long-term growth.”

Jobs will pay some $50,000.

“We are, in North Carolina, coming out of this pandemic in a strong way,” Cooper added in a press conference. “We’re developing a global reputation. And that’s exciting.”

The companies say they will build a campus covering 2 million square feet and include office space at The Grounds in Concord.

The state awarded two Job Development Investment Grants is tax incentives totalling over $4 million if job targets are reached and maintained.