MONROE – Dymax Corporation, a Connecticut-headquartered company, will open a new facility and invest nearly $47 million in Monroe, Union County.
The state’s Economic Investment Committee approved an incentives package worth an estimated $1.7 million, and Union County will offer economic incentives of about $1.9 million, according to a spokesperson for the North Carolina Department of Commerce.
Those incentives are tied to job creation and investment targets. The company plans to add 227 jobs, a spokesperson for the Department of Commerce told WRAL TechWire.
Dymax announced a $21.5 million facility in Gastonia in 2020 with plans to hire as many as 59 workers.
Dymax Corporation to establish $21.5M manufacturing facility in Gaston County, creating 59 new jobs
This is a developing story and will be updated.