RALEIGH – The Sherwin-Williams Company is bringing more than 180 new jobs to North Carolina under an agreement approved by the North Carolina Economic Investment Committee on Tuesday morning.

The company is expanding operations in Statesville, citing “demand” and plans to invest some $324 million in new and expanded facilities.

The EIC approved more than $3 million in tax rebates if the new job target is achieved and the firm retains hundreds of other existing jobs in the state.

Two railroad improvement grants and local incentives from Statesville and Iredell also will be awarded to the company for manufacturing and distribution jobs that will pay an average minimu wage of nearly $60,000.

““Award at this level is critical to NC consideration,” a member of the North Carolina Department Commerce staff said of the incentive package.

North Carolina was in competition with Kentucky for the project, Commerce said.